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We operate two UK-centric P2P sites and run PPC campaigns on Google, Overture and Espotting. The conversion tracking on Google and Overture enables us to maximise ROI on these engines but we haven't been tracking conversions from Espotting at all. Basically, if a search term 'works' on Overture and Google, we use it on espotting - not sure whether this should be the right approach though.
I would be interested to know how Espotting traffic converts with you guys. Does it match up to the other two big boys or is it the poor cousin?