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I have limited amount of money, what's the best
pay-per-click search engine out there? I want to get the most "bang for the buck".
There are only a few PPC search engines worth
mentioning at all. Here's a list of the more popular one (in NO particular order).
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http://www,goto.com/ |
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http://www.netflip.com/ |
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http://www.bay9.com/ |
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http://www.ah-ha.com/ |
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http://www.7search.com/ |
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http://www.kanoodle.com |
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http://www.findwhat.com/ |
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http://www.hootingowl.com |
There are about a dozen more, but they barely
get any visitors and it's just a waste of time. By far, the best is GoTo.com. Everything
else is a distant second. They were the first, and still the best.
So, my advice is to first do all of your testing on goto.com because you'll see
results much faster and therefore, you can sit down and create a promotional campaign
in just a couple of weeks, rather than having to wait many months before having
a substantial amount of visitors to notice anything positive or negative.
If you use the other PPC search engines listed, it will take you much longer to
get some definitive answers. And remember, "time is money" and one of the biggest
mistakes entrepreneurs make is that they waste a lot of valuable time.
What's the first step? Let's say I've put aside
$100 and want to utilize goto.com ... what now? How do I decide on the keywords or
how many or what and so forth?
Well, there are many ways of doing this, but
since you are on a limited budget, you will need to be more "careful"
as you don't have much room to screw up.
Step 1: The first thing you
will need to do is know the worth of each visitor to your site. Let's say for example
that you received 100 visitors to your site this month. You had 4 sales. Each sale
being $15 net profit (so, the total NET profit was $60).
100 visitors divided into $60 net profit = 0.60 cents per visitor. So, when making
a bid on a PPC search engine like goto.com, you should never bid over 60 cents per
click. Otherwise, you will lose money.
Once you know the worth of each customer at your site, the rest is easy.
Step 2: Now you have to decide
on the keywords you'd like to bid on. Both Save
Per Click and GoTo.com have a built in "keyword generator" you
can utilize to help you come up with some cool keywords.
Of course, the better you target your market/customers, the better your results.
If your website is selling tires for a Toyota Camry, then a good keyword would be
"toyota camry tires". The keyword of "car tires" may be too general for your site
(unless you sell all sorts of tires).
Step 3: Test out about 3-5
keywords and see how you do. When bidding, try to be in the top 20 ... and preferably
the top 10. Otherwise, it may not be worth your time.
If you are trying to bid on a popular term such as "internet marketing",
then you're going to end up spending a lot of money (currently it's almost $3 per
click for the top position). Either way, do NOT spend more than your visitor is
worth (in step 1, the max limit was 60 cents per visitor/bid).
How much should I pay per bid? What's the most
or least amount?
As stated above, NEVER pay more than your customer
is worth (unless you have a plan of back-ending or upselling them more expensive
products). If you can't afford to be in the top 20 position at goto.com, then it's
better to spend your money on a bid that you can get in a top 20 position. This
will usually be a less popular keyword.
This is fine. There is nothing wrong with that. Sometimes, you just can't compete
with the "big boys". In all honesty, most of these top-position sites
are grossly over bidding. Don't make the same stupid mistake.
There is science behind all this. For example, at the moment, the top ranking position
for the key term of "internet marketing" is paying almost $2.75 per keyword.
Yet, the site brings in much LESS traffic then ours does ... and yet, I would never
in a million years pay so much for one keyword. That's just a bad investment.
| NOTE: We will continue with more
FAQ's on pay-per-click search engines in part 2 found below. |
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