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Maximum Website Promotion through PPC Bid Management |
Tools for Internet Marketing have been rising to popularity these days because
of cost-effectiveness and the possibility of measuring increase in profits and
sales.
Pay per click (PPC) is a means to advertise business through the use of
keywords/phrases in the search engines.
The advertiser is required to only pay for each click that sends a visitor to
his website. Search engines such as Overture, Google Adwords, Search Yahoo and
Miva are just some examples of search engines.
They offer top positions among the sponsored listings for particular
keywords/phrases you choose.
The idea for bidding is you have to buy/bid on
keywords/phrases relevant to your business.
The highest bidder gets to be on the top of the search result listing and the
second highest bidder, of course, gets the next top listing and so on.
Every time a visitor clicks on your website, you will have to pay the same
amount that you bid on that particular keyword.
PPC can be very costly, time consuming and sometimes not worthy. But if you know
how to go about the step by step procedures, PPC is a welcome change to
traditional advertising.
If you do your searches for products, articles and auctions in the net, you
usually type in a keyword or a set of phrase to guide you in your search.
Either you use Google or Yahoo Search depending on where you are most
comfortable at and where you usually get the best results.
As soon as you key in the search button, immediately a long list of keywords or
phrase will be displayed containing the keywords you key in.
The first or the top link that you saw is most likely the one who bids the
highest for that keyword you type. In this way, businessmen will produce the
desired results; they get to be advertised, at the same time, saving and
spending only for the clicks they need that might translate to potential sales.
The way to start PPC bid management is to identify first the maximum cost per
click (CPC) you are willing to pay for a given keyword or phrase.
CPC varies from time and even search engine to search engine too. Maximum CPC
can be measured by averaging the current costs of bids (bids range from $0.25 to
$5). Average of these bids is to be used as the maximum CPC to begin with.
As your ad campaign progresses, the actual conversion rate (visitors turning to
potential buyers/sales) will be determined and you may have to adjust your CPC
(bidding rate) accordingly.
When you start to bid, see to it that you adopt different bidding strategies for
various search engines.
Search engines have their own PPC systems that require different approaches. It
is also worthy to identify different bids for the same keyword phrases in
various search engines.
Another thing, it is wiser not to bid for the top spot for two reasons:
1) It is very expensive and impractical, and
2) Surfers usually try different search queries in various search engines before
they settle on the right one that fits to what they are looking for.
This hardly results to conversion. Try to bid for the fifth spot instead and
work your way up.
If you are now going steady on your PPC biddings, it is time for you to develop
your own bidding strategy accordingly.
It is important for you to track down which sites bring the bulk of your traffic
and identify the ranking of your paid ads.
This will help your bidding strategy to be effective and you should also decide
where you want your ad to be positioned.
Usually your maximum CPC will limit your choices.
Bid gaps (e.g. $ 0.40, 0.39, bid gap, 0.20, 0.19, 0.18) occur when there is a
significant price increase to move up one spot in the PPC rankings.
It is best if you take advantage of the bid gaps by filling them in so you can
save up your cents to other bidding opportunities.
Often there are keywords worthy of lesser bids to get the appropriate ranking on
the list and produce a good number of clicks and higher conversion rate rather
than bidding higher but having a poor conversion rate.
You have to put in mind that overbidding too is not good but rather the best
position for the most effective bid.
Using pay-per-click bid management in promoting your website will only be
successful if you take time building many lists across many engines and studying
the performance of every listing.
In this way, you can make the most value from what you spend in the bidding
process.
The key is to use the necessary precautions to stay ahead of the competition.
Bid Management Tools
In ensuring best results, you may use bid management tools. There are accepted
and approved management tools that will help you in your bidding.
They are categorized in two different types:
** Web based (services by monthly subscription) or,
** PC based (a purchased software)
Monitoring tools too may help in the tracking down of your keywords/phrases and
search engines as to which among them often generate sales, overall and in
relation to your cost per click.
This is what you call return of investment (ROI) monitoring.
These bid management tools may include additional functions that may not get
from online marketing tools that are readily available.
Other tools can monitor competitors bids, produce reports for different parties
and offer the ability to interface with multiple PPC engines.
This is particularly helpful to those who manage more than a hundred keywords
across several PPC engines to boost productivity and save time.
Pay-per-click bid management is ideal for the effective promotion of your
business online without the hassles of draining your financial keeping too much.
It is now fast catching up as a means used in marketing your goods and services
to reach to as many consumers as possible.
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