Profit from Google Adwords
Question:
greetings john,
How long did it take
til u felt "ah, now i reached a level where i actually
do earn money"? I'm doing adwords campaings for 1 month
now.
bye,kampi
Answer:
That's a great question,
Kampi. I'm sure everyone considering putting money on the
table wants to know how long until they'll profit from Google
Adwords.
I deliberated for
several months before I opened my first PPC account with Overture.
The $50 required seemed like a lot to risk on something I
knew nothing about at the time. I wasn't aware of all of the
great books I've since read. The company I worked for was
dipping their toe in the Overture water to the tune of about
$1000 per month, but it was only breaking even at best.
Anyway, money was
very tight at that time for me and my family.
I probably got lucky,
because I was profitable almost instantly. I was focused on
two products that I had first-hand experience with and I knew
the markets well - though I wouldn't say my approach was sophisticated
at all. Essentially I did what I do now. I bid on the keyword
phrases people were searching on when they wanted to buy these
products. I experienced profits almost immediately.
I don't want to make
it sound overly simple to make money using PPC, because the
environment is becoming more competitive. But, at the same
time it really is an easy process. The trick is finding unique
products that people are searching for - that aren't being
marketed by more than a few people.
You can achieve profits
in competitive markets, but you may have to be happy with
a 10-25% return on your money. Most of my Adwords successes
return 4 to 8 times my money.
We're not talking
about huge markets - or huge numbers of searches. My best
performing campaign receives about 2000 searches per month.
But those are primarily people who are in the "buy mode"
and my conversion rates are high - 5%.
So. How long it takes
to begin profiting from Adwords depends on a little luck and
a lot of persistance. My advice to all is to choose a product
to promote that pays $30 or more - but avoid promoting products
that have a glut of competition already. Finding these little
gems is the trick, but they're out there and if I'm finding
them, I know you can too.
While ads and the
right keywords are important, the single most important factor
in my opinion, is finding the right product. That's where
you'll work to earn your money. But, once you find it, then
you'll have a reliable profit producer using Adwords.
Some people claim
they "test" about 20 products on Adwords to find
a single profit producing winner.
My experience with
Adwords is this:
If it's a product
in my specialty niche - the market I know - almost everything
I promote is profitable. If it's something other than my niche,
it's more miss than hit. I think success requires some inside
insight that the Adword money hounds don't have - those people
who are just burning through products trying to find one that's
profitable.
If you have just
a little inside insight, you'll dig up the gems that aren't
found mainstream. Or, at the least you'll be promoting them
before everyone else and that will offer you several advantages
down the line.
If you follow the
advice here - and what I've shared in past posts, then I believe
you'll be well on your path to producing Adwords income.
Best wishes, John
Check out the Google Adwords resources page to find more
tools and information on how to profit
from Google Adwords.
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