Now, I realize this is highly industry specific. My industry has about 10 players who's max bid ranges (estimated of course as you can't figure out exact prices for competition on GG) between $0.50-$2.00.
I've also noticed that my competition bids higher on general ads compared to specific ads, and I bid the exact opposite - I'd rather have the highly targeted traffic than the general traffic.
For the last month, this is how my ads have preformed (all have max competitors per page):
My very general (widget) ads get a ctr of 3-5%.
My general ads (widet cost) get a ctr of 5-12%.
My specific ads (widgets in state) get a ctr of 20-35%.
How do you bid, and what's your CTR? Trying to figure out what people consider acceptible CTR numbers so I can judge my ads preformance.