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Barking up the wrong tree? Or Barking mad?

I had some shocking news yesterday. Now I need to up my CTR to 16%?!

         

inkymike

8:37 am on Apr 13, 2006 (gmt 0)

10+ Year Member



Yesterday I received some shocking news. According to Overtures Bid Tool my top competitors are bidding in the region of $4-$6 a click on my keywords!

Now, their not really competitors as my site advertises their products (much as Froogle or Kelkoo do) - however I do want to steal as much of their traffic as possible as my main source of income comes from the 10% commision I receieve on any sale I send.

Here's my problem: As I understand it Quality Score (and/or Ranking) in a very simplified way = CPC x CTR

If that is true then I need a CTR of 16.7% for my campaign (not keywords, campaign) in order to be ranked near my top competitors with my measly $0.36 CPC allowance. If I could improve my conversion rates, or up my average sale I could just throw more money at the problem, but i'd rather up the CTR and pocket the profits

So my question is therefore is this feasable? Can a CTR of around 16.7% be achieved?

Perhaps its worth noting that I'm in a highly competitive market with over 90 other ads to compete against and at the moment over all of Googles search sites I average a position of between 15 and 20 (I do not use Content Network).

And also at the moment my campaigns best CTR is 3%....

biking4jesus

5:06 pm on Apr 13, 2006 (gmt 0)

10+ Year Member



obviously you need to check all your adcopy, other possible keywords, the basic stuff. Bid amounts may be significantly different between Yahoo and Adwords. I have many Ad Groups that get 12-50% CTR so yes there is hope.

poster_boy

5:54 pm on Apr 13, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Bid amounts may be significantly different between Yahoo and Adwords.

This is very true. Because Yahoo doesn't penalize poor CTR (or irrelevance, for that matter), many companies can and do bid much higher amounts on Yahoo.

Not to mention that there's usually a large gap between the each max bid and actual bid.

aleksl

11:27 pm on Apr 13, 2006 (gmt 0)



Either that, or Yahoo! saw that G$$gle screwed advertisers, checked G$$gle's pricing and desided to level their pricing as well.

Clearly Overture Bid Tool is lying.

poster_boy

11:40 pm on Apr 13, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Clearly Overture Bid Tool is lying.

You conspiracy theorists are really stretching the boundaries of logic.

Israel

2:36 am on Apr 14, 2006 (gmt 0)

10+ Year Member



If you think Google has issues right now, read up on the latest from Ben Edelman's organization about YSM/OverTure.

Enough to keep me away from YSM for a while.

Israel