I don't understand why Time Warner doesn't start its own PPC service. I would be willing to pay substantially more for AOL clicks than for Google clicks or clicks from most of the search network partners. (Ask Jeeves is a decent traffic source, too.)
If you're looking for a recommendation for a specific "consultant" or firm, posting that here would surely be against the TOS. Other than that, experimenting and reading this forum is how many people have learned the trade and the best advice I could offer.
We manage PPC campaigns for our clients and work closely with Google. In my experience, in both dialogue with Google as well as comments from clients who have turned to us for help managing their campaigns, it is almost never advisable to have Google (or Overture) put together your campaign for you.
Keep in mind that Google has little incentive to spend the time to seek out high quality, lesser-searched keywords, create specific keyword groupings with customized ads or employ intelligent matching techniques.
I suggest spending time perusing these forums for advice and spending a lot of time building up a campaign on your own, or going through a reputable agency to build a more efficient campaign. I cannot count how many clients and associates have been burned by ineffecient AdWords experimentation.
This reminds me of another (somewhat-related) topic that is in my opinion a very common novice adwords mistake: a reliance on the AdWords budgeting tool to handle your campaign spending.
While it is nice to know that you are not going to blow threw an uncomfortable amount of spending way too quickly, lazy use of the budgeting tool (with max bids that are simply too high for the corresponding daily budget) will result in too few, expensive clicks. On the same KW, it is clearly better to go through $10 on 50 clicks in the 8th spot at $.20 than ten $1 clicks spread throughout the day!
Pardon the rambling from a new user on WebmasterWorld (finally decided to spend some time helping out others and sharing learnings over the years with others!).
mothner
I participated in a Google survey asking me that very question. It asked if I would like to pick which sites I would like my ads to appear and if I would like to bid different amounts for the different sites. It also asks if I would be interested in CPM advertising or animated/flash image ads. Many other neat features too.
So, who knows, this may be happening in the near future.