I have a couple questions based on somethings I read in some of the posts below:
Yup, if you use software like SpeedPPC, it's quite easy to fill your account up in less than 6 hours before you ask for a new one.
Are you, yourself, actually using SpeedPPC and do you recommend it?
Regarding budgets:
I've tried a couple of campaigns so far, playing around with it... and doing it all wrong of course
One I have on MS Adcenter, I spent $30 to make $5 in adsense. Obviously not doing that right.
The other was with looksmart, and have had traffic at 10cents per click, but no adsense clicks. One thing I've noticed about looksmart vs MS is that they seem to have fixed click cost, as opposed to a variable cost like MS where you put in a max bid and it will only charge up to that max bid, so if you for example as you say bid $5, you may in fact only pay 0.05. From what I've seen on looksmart, if you bid $5 you will end up paying $5. Maybe I'm missing something or doing something wrong (most likely senario
).So my budgeting questions is regarding campaigns... Am I right in my thinking that for every campaign you create, like in MS AC, you have to actually have that money available and be charged for it.
So for example, if I have 5 campaigns for say Asbestos and for each campaign I use a single keyword (like you mentioned when using SpeedPPC) and I budgeted $100 per campaign per day, I'd have to have $500 charged on my CC, to make all 5 active, right? If this is the case, and the primary income is via adsense, which only pays once per month... even if you make a profit, you'd have to put up $500x30days(avg) or 15,000 a month, right? (this is under the assumption that you will use your total budget up on clicks as well)
If some people are able to cover that, I'm guessing great, but that's just 1 website x 5 landing pages. Now I supposed you could tone it down and make it $20/day per campaign and be paying $3000/mo, which is fine if you were making say $6000-8000 in adsense and profitting, but you'd still have to wait every month to cover, right?
Since money is relatively tight for me, and judging by some other people's posts, them too, what's the best way to approach the techniques you are teaching?
So, what formula do you think would be best for the beginner, who is learning but at the same time wants to create a viable income from this within a few months?
1 website x 4 landing pages (meaning 4 primary high paying keywords with adsense code on it to monetize the kw) x 4 PPC campaigns with I guess up to 7 keywords in a single ad per campaign x $20 budget per day per campaign = expect to have to pay $80 possibly if your clicks are used up? Then, if you turn a profit, the next month up it to 2 sites, etc etc? This seems like a slow process, and I suppose as you are doing it, your cost goes down on the CPC as you said earlier, so intead of the $5 max CPC, you are eventually down to $0.50 max CPC or something, and this increases your profit margin over time....
Or, is it possible to do it like this: 5 websites x 4 landing pages x 1 PPC campaign x 20 ads per campaign (divided into 4 ads per campaign, that have keywords linked to the ads) with a budget of $100/day? This would allow you to weed out the poor performing keywords more quickly (ie low adsense conversion rate) and have the budgeted money be focused mainly on the high converted keywords, but you'd have to pay a lower CPC max per kw to start, since you are using limited budget spread across multiple ads.
Sorry for the long winded post, and I hope I made sense, I got lost several times while I was trying to explain my thoughts
Am I totally off base in my reasoning? Basically I guess I'm trying to reason the best ratio of money to websites to time, etc, where the money variable is very tight.
Thanks buddy.
Sean
