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Im not sure if this is due the fact that the user is scaning left to right with Google, as compared with top to bottom with Overture.
Also Overture generates most of if traffic from other sites, where Google obtains most of its traffic from its own site.
Its appear that good ad copy is the most important factor to get good results from Google Adwords select.
I have found that it does
not matter where you are in Googles Adwords Select. The CTR does not change much.
I wouldn't generalize that. Probably depends on the keyword and the "quality" of ads in the first 3 places. If the visitor finds what he/she wants with the top listings, why would he/she click on your ads?
And remember, if you are not in the first 3 places, you won't see any traffic from AOL and other partners.
I've stumbled on AdWords ads in some interesting places like Dogpile. I think over time the Google AdWords will show up more on syndicated sites than the Google=owned sites, so that'll probably drive more click-throughs to the top 3 results like has happened with Overture.
Conversion rates for overture listings overall might be good, but I could do without the ones coming from overture.com