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So I raised the bid to .02, same thing. At $.03 some of the keywords (about 5%) were accepted, but were estimated to get zero clicks per day. At $.04 a few more keywords were "accepted", but were also estimated to get zero clicks per day. When I raised the bid to $.05 per click, miraculously, I was estimated to get about 1000 clicks a day.
These are not “hot” keywords, not at all. This is for a non-commercial site with very little competition. Many of the keywords, if you run a search for them on google, trigger no ads at all – yet I can’t seem to run them for less than .05 per click.
So I’m wondering: Is there some trick to getting a $.01 keyword accepted? Has anyone out there EVER had a $.01 keyword accepted?
Still the post is very on-topic to your question, so I will excerpt the heart of it below:
...The minimum bid, also known as the minimum CPC, is the least that one can pay to have an ad appear for a particular keyword in a particular account. It is very important to know, however, that one's minimum bid is entirely unrelated to how many other advertisers are using the same keyword. Instead, since August of 2005, the minimum bid has been quality based. To put it simply, the higher the Quality Score of a keyword, the lower one's minimum bid will be for that keyword.
So, very low minimum bids are earned by creating highly relevant ad text and keywords that get outstanding Quality Scores. And only the most relevant keyword and ad text combinations will earn a minimum bid of $0.01 (or its equivalent in other currencies).
It's worth noting that every keyword has a minimum bid that is unique to how successfully that word has been used in an advertiser's particular account. So the minimum bid for the keyword 'Kansas City BBQ sauce' will be different in your account than in your next door neighbor's account, who happens to be using the same keyword.
How can you lower your minimum bid? The short answer is to improve your Quality Score by optimizing your ads.
I hope this'll help to clarify things. If some of the terms used in the excerpt are not familiar to you, you'll be able to find out more about them in the AdWords Help Center @ [adwords.google.com...] (The actual post has several links to the Help Center, for clarification.)
ie if I bid 10c on a keyword then I will always be above you if you are at 1c no matter how targeted your add is - that is my belief anyway.
I would guess CTR/quality would only have an effect if you were at 9c and me at 10c - then a better add would score higher
Every niche term I have looked at recently has at least a couple of bids on them - amazon are always at the top and they spend big.
If someone has a genuine 1c keyword then sticky it - I would love to see one so I can see if they exist.
I recenly had one of the same nature jump up to 2.5 cents per click though.
The reason you can't get many at .01 is because of the nonsense broad matching. When some affiliate matches 1000's of keywords and gets a poor ctr, his min bid goes up. if you are above him, that also causes your cpc to go up. Personally, I don't think this makes sense. They are forcing people with low quality to bid more, which in effect causes the people with good quality to pay more. It is essentially penalizing both the quality ads and the poor ones.
[edited by: mona at 1:29 pm (utc) on Feb. 9, 2006]
[edit reason] language [/edit]
I suppose if are a shareholder it would be seen as a stroke of genius ;)
[edited by: mona at 1:28 pm (utc) on Feb. 9, 2006]
[edit reason] language from quote [/edit]