I know the way to see how much my competitor has bid on keywords in overture. However, is there anyway to know how much my competitors have bid on Google?
It just occurred to me to say this, although I suspect most everyone already is aware of it:
On Overture, as I understand it, the only factor that determines your position is what you are bidding as compared to your competitors. For this reason, what your competitors are bidding is 'mission critical' information.
With AdWords, however, your Max CPC bid as compared to your competitors is only 50% of the equation the determines your position. The other 50%, of course, is your CTR as compared to your competitors.
And it's entirely possible for one advertiser to be appearing above another advertiser while actually paying less.
So, IMO, knowing your competitors bid is not particularly useful - although I know that many on the Forum don't really agree with me on this point. ;)
AWA
And it's entirely possible for one advertiser to be appearing above another advertiser while actually paying less.
You have to know your market and competition. In our case we only have really one competitor. They recently started an adwords campaign (drat!). The words they use are similar to ours, their ad is similar to ours.
I am certain they are getting *very* similar traffic. I imagine their CTR is similar to ours. With this info I can ascertain *roughly* what they are bidding.