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I'm curious what others do - do you just go for the big terms or do you also bid for the little guys, ie a few clicks a month but cheap traffic.
I have ran one pay per click service that the client wanted me to go after around 500 keywords. In his case his profit was $2,000 to $3,000 dollars per sale. It was best for him to go after many keyword phrases.
As I said, it really depends on the field your going after.
It brings in about $2500 gross sales per month.
I learned alot while studing my stats, the most important thing that i learned is that there really are some keyword phrases that draw buyers. 1 in 20 buy a $150 product at an average of 18 cents per click.
If I could get all my campains to work like that I think I would be rich.
Wondering if I am missing something....
Try using their dynamic keyword insertion tool in your title which should improve your click through ratio.
If you don't know how to use this, as your title use this:
{KeyWord}
Also, if any of your keywords are too long to insert into the title you need to set up a default title which is done like this:
{KeyWord:INSERT DEFAULT TITLE HERE}