Advertising Techniques

When it comes to PPC (pay per click) advertising, it seems like the marketplace is getting continually more saturated and competitive, making it harder than ever to run a cost-effective campaign. This is true to some extent, but there are still ways to run a campaign that gets great ROI. Here are a few PPC bid management techniques you can utilize to do just that.

The first thing you should do is stay within your budget. Don’t get caught up in bidding wars if you don’t have to. These are often initiated by rookies to the PPC game, and can cost you dearly if you get involved. If you spend too much on your clicks, you will erase the profit you earn from backend conversions. If you aren’t getting the number of clicks you desire, then try to make other small changes such as modifying your keywords or tweaking the text of your ads. Upping your budget is the last thing you want to do. After all, you set your budget for a reason - to make sure you turn a profit.

Next, you should not bid to get in the top spot, now matter how big your budget. Unless you are the undisputed leader in your industry, or are attempting to become the undisputed leader in your industry, bidding for the top spot is a quick way to erase your margins. You should let your ad sell your service, not the spot you are in. Plus, many people click on the top spot without thinking too much about the contents of the ad. This is the last thing you want, because you are lowering the quality of your leads. If you’re going to pay for a click, you want to make sure it’s for someone legitimately interested in what you sell. This should be the guiding light of your PPC bid management techniques.

Another bid management technique that you can make work for you is bid jamming. Certain PPC services have a bid system that is public, allowing you to see the bids of all your competitors. If you have a very direct competitor, you can consider jamming their bid. Basically, PPC services operate similar to an online auction site. If you bid .25 per click, and the next closest competitor bids .13 per click, you will pay .14 per click not .25. So, if your competitor is bidding .25, you may want to bid .24 so that they pay full price for the bid. If you do, they may not be able to keep the top spot for as long.

Utilizing these three simple PPC bid management techniques can help you stand apart form your competitors and maximize your PPC campaign without overspending. This way, you can win the bidding ways the smart ways - without breaking your budget.

Tags: internet advertising
Filed under: internet advertising