Ppc Management Involves Knowing When To Give Up
Pay Per Click (PPC) advertising can help you gain more sales than in any other advertising platforms
. There are times that you can make $50 for every $1 you spend; other times you can earn $7 for every $1; but sadly, there are also times that you don't only earn, but end up losing more money. PPC management involves making money, rather than losing money; but this entails proper management, especially knowing when to give up on a loser.
There are several factors to consider when to give up on a loser PPC campaign. It's not easy to tell when, but recognizing first how much your profit will be on each before marketing costs will help you decide. You also have to determine how much you are willing to pay for every click in order to earn a sale. Essentially, it's all about understanding what your advertising budget is.
The next thing to do is to estimate your conversion rate once you realize your marketing budget. You might not have any idea if you are supporting a brand new product or service. I advise that you use the 1% as a rule of thumb in this situation. This is the safest approximation you can get; this means that out of 100 visitors to your website, 1 of them will become a customer.
At this moment, you are all set to start your PPC campaign. Realize your keywords and place your bids. Then again, when you resolve when to give up a campaign, decide on much you're spending on it, and not the conversion rate. You might want to wait until you spend at least double of your advertising budget with no sales before considering giving up on the campaign. It's your call if you're eager to spend more money to find out how far the campaign will go before making a sale.
Sometimes, you may have a beginner's luck and make a sale not long after you have started your PPC campaign, but then you see few or no sales after. If you think that you're paying more than your budget for the first few sales, better off stopping your campaign if you haven't discovered how to fix it]. You should also realize that when you bid less on your keywords, your conversion rate would be lower also. But when you bid more, your conversion rate should be higher to make your campaign profitable.
You must recognize when to pull the plug on this or it may eat up all the profits you've already earned if you might have an already running Pay Per Click campaign that's beginning to go down the drain. As it has made money in the past, therefore, letting it run longer, some Pay Per Click publishers would have a difficult time surrendering on such campaign. But you still have to cut it off at some point. It's important to know when to hang on and when to surrender.
PPC Management is not sure science. To pursue a campaign or to quit on it, it also includes a little of your instinct and courage. A good
PPC Search Marketing doesn't only involve marketing sales and running a campaign, but also knowing when to give up on a loser campaign in order to gain more with the more productive ones.
by: Rosamay Claire Jovellar
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