Recently, on one of my ads, the CPC dropped from 10p to 3p. Neither is a great CPC but it's just the niche I'm in.
In the same time, I noticed an increase in banner type ads, from the same few companies on my pages, which I'm assuming are largely site targeting CPM ads.
The ad has a 4% CTR and receives several thousand clicks each day. Basically the 10p to 3p drop in CPC has caused a 70% drop in revenue for that particular ad.
To test, I've turned off site targeting for the channel the ad belongs to. I'm not sure whether it's worth creating a whole new channel for the test or not.
Does turning off site targeting in the channel, prevent CPM ads from showing? Or does it just limit it? I can't imagine how CPM ads are helping at all right now. It seems they're getting a #*$! load of clicks for very little.
I also considered smart pricing but I'm not sure what would have triggered it.
Hmmm