July 16, 2008

Four Simple AdWords Management Strategies

by Maxine Stirling

As an increasing number of businesses and individuals are learning the merits of online PPC advertising, there may be some inclination that the potential effectiveness of an AdWords campaign is diminishing with such a saturated market. But this simply isn’t true. You can still run a very effective and profitable AdWords campaign if you know what you’re doing. Here are four useful techniques to bear in mind.

First, it is a good idea to have a well-developed keyword tactic. Don’t just start arbitrarily picking keywords or using a PPC service’s keyword generator to add more keywords. A good AdWords management strategy is to do a careful keyword analysis before you start. Understand the goal of your campaign, and choose keywords that will help you achieve this goal. Also, make sure you pick keywords that are specific as possible. You don’t want people clicking on your ad if they aren’t truly interested in buying what you sell.

The next thing you should take into consideration is your bid placement. It is a smart strategy to bid for the first page, but not for the first spot. Why is this? If you bid for the top spot, you are going to get a lot of wasteful clicks form people who aren’t really sure what they are looking for. So, if you are looking to generate brand awareness, this can be an effective strategy. But, if your margins are very critical, bidding for the top spot is a good way to get lower-quality leads and ultimately erase your margins.

The next tip you should think about when conducting your AdWords campaign is the necessity of monitoring and testing your keywords. Failing to do so for even a few days can spell disaster for your campaign. Because PPC advertising is an auction-type marketplace, the profitability of your keywords can go form high to low based on the actions of just one of your competitors. Additionally, a keyword that was very profitable the month before can become overly saturated and your margins can disappear without you realizing it. Make sure you keep on top of your campaign by continually monitoring and testing on a weekly or even daily basis.

Last but not least, you should consider placing CPM ads instead of just CPC ads. What does this mean? CMP is a term that means cost per thousand, and it refers to impression based pricing instead of cost per click pricing. So, you can place ads on a cost per impression basis on websites that cater to a demographic that may be interested in your product. If you sell lawn mowers, you may want to advertise on a site that discusses lawn maintenance. Where your ads appear is up to you, but it can be a great way to pick up cheap impressions and, ultimately, clicks.

These simple AdWords management strategies can help you with your PPC campaign management and can ensure that you get the most out of your next PPC advertising campaign.

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