Many terms like this can provide excellent ROI and losing them is a loss to both google and the advertiser.
Sorry this is more of a rant than a question, but i feel strongly that this is bad policy.
But I hope you are open to suggestions..
Step 1-> Delete the AT RISK keyword (eg - Blue Widgets) from the AdGroup
Step 2-> GoTo Google AdWords suggestion tool and type in Blue Widgets. You will probably see keywords like -
blue widgets
widgets blue
fuzzy blue widgets
blue widgets UK
-free
.
.
and so on.
Keep an eye on keywords under Expanded Broad Matching. If a particular keyword is not relevant, put them under your negative list.
Step 3 -> Have a broad/phrase/exact matched option of each of the keywords in your keyword list. That is, the keyword list should look like -
blue widgets
[blue widgets]
"blue widgets"
fuzzy blue widgets
[fuzzy blue widgets]
"fuzzy blue widgets"
-free
.
.
and so on.
Step 4- Create an ad copy that has important keywords mentioned in the title/body of the ad. Preferably, have two ad copies per adgroup. The first ad copy should be keyword rich while the second ad copy could be the old one you are using.
Step 5 - If it turns out that fuzzy blue widgets is getting more than 200 impressions per day, go back step 2, else, jump to Step 6. If you are back in step 2, type in "fuzzy blue widgets" in the Google keyword suggestion tool.
Step 6 - You mentioned you are getting excellent ROI. Increase the adgroup CPC initially. You can reduce it later once your ads are "established".
That is, the keyword list should look like -blue widgets
[blue widgets]
"blue widgets"
I agree that this should work, but in reality, you won't necessarily get accurate results by doing that.
If someone were to search for blue widgets, G will look at the CTR/CPC of those ads to determine which should be displayed, and they will compete with each other.
So if broadmatched blue widgets does well from the startup gaining a nice CTR, as it will get more impressions, exact match blue widgets will have problems competing as it's not searched as often and a slow start on CTR even though it's potential could be a much higher CTR than broadmatch, will keep it from showing it's true potential.
A workaround is to set the max CPC a lot higher for exact match, a bit higher for phrase match, and the lowest for broadmatch. This won't solve all the associated problems, but it will help a bit in getting the actual match associated with that term to be displayed.
So if broadmatched blue widgets does well from the startup gaining a nice CTR, as it will get more impressions, exact match blue widgets will have problems competing as it's not searched as often and a slow start on CTR even though it's potential could be a much higher CTR than broadmatch, will keep it from showing it's true potential.
I agree with eWhisper. I was running a test for:
"blue widgets" 123
blue widgets 123
[blue widgets 123]
and only "blue widgets" 123 showed any impressions.
How would the system know which keyword was relevant if the user typed blue widgets 123?
In my case it enabled the ad and keyword to remain on for another three weeks. As said, ugly, but it worked for me.