PPC ads stopped performing suddenly, what should I check first

AdCampaignX

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Hey everyone,
my campaign was working fine earlier but now performance dropped a lot without any changes from my side. Not sure if it is targeting, competition or account issue. What is the first thing I should look at in this situation?
 
First, check Auction Insights to see if a competitor is outbidding you, then immediately verify that your Conversion Tracking hasn't disconnected due to a site update.
 
First thing I usually check is recent metrics like CTR, CPC and conversions to see what changed, many times it’s competition or ad fatigue causing the drop.
 
One of the first things I’d check is whether your impressions or CTR dropped, or if it’s only conversions. If impressions are down, it could be budget, bids, or increased competition. If traffic is the same but conversions dropped, then it’s more likely a landing page or tracking issue. Also worth quickly reviewing search terms to see if irrelevant queries started coming in.
 
First check if there is some auto apply rule.
Sometimes they change the bidding.For example they change the target ROAS and everything is getting messed.
 
i first check if same people are seeing ad too many times or if audience is tired then i look at recent data to see when drop started
 
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