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I am just about to start a ppc campaign on Overture.
The questions I have are:
Is there a great difference in click thru's from postion one to position two to position three.
And
IF you are an e-commerce site is there also a ratio difference. For example if you are position one is your conversion rate higher than in position three.
Conversion rate has more todo with your website than with where you advertise - you should advertise where you'll get visitors that are relevant to your site, but once they have come to you, converting them is your job.
I've found that highly targeted keyword terms convert much better than general terms (I convert 1-3% (depending on the term) for general terms and 10-15% on highly targeted terms), yet the highly targeted terms only have 10% of the traffic, so it's best to use a two tiered approach. Keep the top listing for highly targeted terms (and find terms no one is bidding on that is relevant to you) and then find a budget comfortable spot for the highly searched, less relevant terms.
Hope that helps.
For some searches on Yahoo, only the top two bidders are shown.
I didn't even realize that Yahoo only showed two bids for any pages. For our general terms, the top 4 are shown at the top of the yahoo page, terms 5-6 at the bottom, and then on the 2nd page terms 7-13. So if your in posiiton 15 you'll be on the 3rd yahoo page at the top.
It's imporntant to know Yahoo's results page. Because in our industry, since if your in 6th place your at the bottom of the page, but in 7th at the top of page 2, position 7 has a better ctr rate than position 6.
Yahoo searchers have also seem to be looking through more results as of late. I keep a very general term at OV's minimum bid to check searchers. It's currently in 13th place. In January it had a 0.8% ctr. It's been steadily climing and last month it had a 2.8% ctr (the terms is searched over 32k times/month on OV - so no statistical anomaly).
Another thing to keep in mind is highly targeted vs general. I average 25-40% ctr for highly general terms (in position 1-3) and 5-20% for more general terms.
I also have a term on google that does great in the middle of the pack.
The take away is that you'll have to figure out how to position your site through trial and error.
Good luck with your campaign. Be forewarned though. If your area is in the least bit competitive, you will most likely fight like h*ll for those top spots. Watch for false competitor clicks too. I get a TON, and OV doesn't do much about it.
Overall my experience is good, lets just say I don't want to do without OV. Just watch your bids and clicks closely and stay on top of things. :)
Its a shame though, Overture was a good company up until a few months ago. I wonder what happened to them...
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