|Google & sponsored links|
Just had this e-mail from google relating to Adwords, has anyone used this yet?
copy e-mail from google
Google.com is one of the largest and most used engines. It is fast,accurate, and one of the most visited Web sites today. Literally thousands of searches are conducted on Google every day for your keywords related to your site. You can now advertise on Google very affordably using their AdWords program. Your AdWords text ads appear on search result pages for the keywords you buy, and can be targeted by language and country. So, to reach collectors of tin toys you might buy the keywords "toy collector," "tin toys," etc.
Pricing for AdWords is based on the position in which they're shown. Google positions your ad based on how many users click on it over time. Current rates are $15, $12, $10 (per thousand ads shown) for positions 1, 2, and 3 respectively, and $8 per thousand for positions 4 through 8.
Accounts are opened with a credit card and no minimum deposit is required.
The trick is to choose very targeted keywords that will trigger your ad (yes, you can do that). Which means that only very targeted buyers will ever see your ad and your conversion ration will be incredibly high. You can set how much you wish to spend. Google takes the money from your
credit card after you owe $50, by which time your ad will have been displayed roughly 5,000 times. If your keywords are highly targeted, many of the people who see your ad will become buyers and you will get your return before you even pay Google!
Because there are thousands of searches a day, Google alone can be one of your biggest sales drivers with its great AdWords program. For more details, see the Google AdWords pages - they have plenty of tips. Your listing shows up in about an hour. Remember, it is more effective to target about 20 keywords, specific and related to your site, than it is to use just one.
There has been alot of talk about adwords in the past here. A few have tried it, but it is rather pricey by todays standards. With targeted banners under $3 now on many large sites (including a few search engines), $10-$15 is asking alot.
>but it is rather pricey
just been playing around with a few keywords just to see how expensive this is WOW!!! If I was looking to use Hampshire UK as a keyword it would only cost me $199.50 per month.
I've been using Adwords since mid February, and am VERY pleased with results so far. I appreciate what Brett is saying re banner advertising rates, but I think that I'm getting better CTR than you could get from banners.
Looking down my current report, my highest CTR is 7.86% (on 10,871 impressions) & 7.42% (on 58,000 impressions) down to 2.1% on 12,581 impressions.
Costs work out between 18.6 cents and 49.5 cents per click. Bearing in mind that there's no cost for artwork (they are small, text only ads, maximum 95 characters), I find that I'm getting many more visitors, and at a lower cost than I have ever managed out of GoTo. Also bear in mind that the figures that I've given above are from the very start of the campaigns. Click through rates on ALL ads (9 different products) are now running better than the quoted figures. (See Note 2 below).
Two final notes
1) I'm in the UK, and the ads are only presented to UK searches. Incidentally, the estimate that Google presents you with when you are building the ad is for if the ad is presented world wide, they don't give you any UK estimates, so they are probably greatly over estimated.
2) You just MUST fiddle with the wording until you're getting good click through rates. Changing just one or two words can double your click through rate. The online stats that Google provide give you an excellent measurement of how your ad is performing, but you must keep tuning that ad.
What Ross said. The only other thing I would add is that by weeding out the low click through terms [they stick out like a sore thumb] you can achieve a very good ratio.
What Ross & NFFC said.
KW in domain name seems to help with CTR
What everybody said (been using it since November).... BUT
Brett: are you saying $3 CPM for targeted banners? This would change my perspective, as I am a veteran of the $40-$60 CPM wars years ago. Can you give us some specific sites you know about? It would sure save me a lot of time surfing and calling.
And, oh yeah, great forum!
I just started an account last week and currently I am just breaking even. I need to start tweaking my description and see if I can improve the CTR. Currently it is around 4% and I would like to see it closer to 6% or higher. What click through rate is everybody else seeing?
Budterm, Try Burst or Flycast - they have targeted stuff sub $5. Yahoo itself was under $10 for awhile. Double click is saying "let's make a deal".
Brett: Thanks, I will check it out.
DrCool, I have been running around 3%. The economics of my sites are such that this works out nicely.