I'm setting up a load of new keywords in broad, phrase and exact campaigns. Keywords are identical other than match type.
I plan on setting up each keyword's max CPC as follows:
Broad: First page CPC + $0.10
Phrase: First page CPC + $0.30
Exact: First page CPC + $0.50
Now obviously I'll manage bids accordingly once the campaign has been running for a week or so, but does that make sense as a starting point?
The other thing I considered was:
Broad: First page CPC + 10%
Phrase: First page CPC + 30%
Exact: First page CPC + 50%
What do you think? Any advice much appreciated :)