Increase your retail potential with search engines, like google, yahoo, MSN and Ananzi
As the free search engines become increasingly competitive, not to mention complex, pay-per-click ("PPC") advertising can be ideal for the small business operating in a niche market.
Learn the secrets of PPC search engines and success on the internet could be yours. Be warned, however, a lack of understanding could put your business on the road to insolvency. I can't emphasize this strongly enough. An understanding of PPC can be a great advantage to your business.
Placing an advert on the PPC search engines can be like attending an auction. Here, you will bid on high ranking positions for the keywords relative to your business.
Traffic to your site will be generated by visitors to the search engine clicking on your advert. Each time a visitor does click on your advert you pay the search engine the value of your bid. Bids can cost as little as five cents, or as much as ten dollars for a much more competitive keyword.
Let's consider the advantages and disadvantages of PPC advertising. First some advantages -
1. Only when someone clicks on you advert are you required to pay.
2. Can be an inexpensive method of attracting targeted traffic to your site.
3. Anyone can get the top advertising spot if they outbid the competition.
4. Some PPC search engines enable a campaign to be up and away in minutes. Not very long after you could be taking orders.
5. If the results aren't all you expected then you can simply cancel the campaign with immediate effect.
6. You can test your advert, making amendments quickly and simply.
However, be aware of the disadvantages :-
1. People may click on your advert just because they can. You will, of course, have to pay for these junk clicks.
2. You can get into bidding wars with your competition for those prime spots, thus forcing up the cost per click.
3. Some of the PPC search engines have rigorous approval processes for adverts. You don't always end up with an advert to your liking, or it could take a long time to get the advert agreed.
4. A poorly worded or, even worse, misleading advert could generate traffic but not make sales. Unless you've placed a restriction on your advertising budget, your business could quickly be on the road to insolvency.
So how do you start with PPC advertising? First you need to establish which keywords your potential customers are searching on. No point in bidding for traffic on an inappropriate keyword. There are many ways of doing this research, unfortunately it is way beyond the scope of this article.
But this is an important step that shouldn't be missed and I'll be covering it more fully in a future article.
Another essential piece of knowledge you require before entering the bidding fray, is the monetary worth of a visitor to your website. By this I mean the average revenue generated by each visitor. This will be your guide to how far you can push it in the bidding process.
Admittedly in cases where a site is new and you have no visitor experience you may want to use PPC advertising to test your sales copy - but be careful to monitor costs and sales closely. Also set yourself an initial daily budget that you can afford to lose if the worst happens and no sales are made.
You can always increase this if your copy is converting like crazy.
You're almost ready to get going. What I've provided here is an overview of PPC advertising. Use this as the first building block in your quest to master the PPC search engines.
Wishing you success online with PPC advertising.