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Google AdWords Forum

    
Finding Gold?
How would you play this 'nice problem'
BobbyN




msg:1122337
 10:18 pm on Mar 4, 2004 (gmt 0)

Hello

I think that I've come across a retail product that's about to be massive. I reckon I can initially get great SE placement simply because there's no competition yet.

But I've never played PPC before. What sort of strategy would you recommend.

Say the product is 'laser pens' and nobody else is selling them online and you know that there's a massive market out there once a few people get them and they read about them in the magazines etc. Would you just bid the minimum to drive traffic to your site or sites? Does it have to be anymore complicated than that?

Thanks

 

andrew_m




msg:1122338
 10:22 pm on Mar 4, 2004 (gmt 0)

Bidding is ok, but once some big player comes into play your bid is gone and you're left with nothing. I'd rather try to build a site and try to get early adopters and fans to link to your site -- that way even after somebody big comes you still have your site and pagerank and you are likely to rank higher than competitors in serps.

eWhisper




msg:1122339
 4:00 pm on Mar 5, 2004 (gmt 0)

The advantage of jumping into PPC early in a products' history is you can build some ads with very high CTRs.

When the 'big boys' come in and try to monopolize the market, they will have a harder time competing because you have put together an effective campaign before anyone else and already know how to market the product.

Due to the bid rank formula, you will have a large advantage as you will have an established high CTR which can keep your ad in a high position even with a lower bid.

You will also have the advantage of knowing your conversion rates, so if you are later forced to up your bid, you know exactly what you can afford to pay based on conversion rates and profits/sale to up your bids and stay highly competitive.

Personally, I would spend time both making the site come up high in the engines and run a PPC campaign with minimum bids in such a scenario.

BobbyN




msg:1122340
 11:27 am on Mar 6, 2004 (gmt 0)

Andrew & Whisper

Thanks for your replies, you've given me some solid advice there.

yonnermark




msg:1122341
 7:03 pm on Mar 9, 2004 (gmt 0)

So..... what's the product?

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