I am pretty nervous about it.... Almost sounds like gambling. Should I probably just try it for a month and use the pre-pay service so that I'm not so nervous about losing my ass like that parlay with the Monday Night game in it? LoL
You will only spend up to your daily budget, so you shouldn't set more than you can afford until you start to see some results. What are you looking to do - make money via affiliate links, or promote your website? If it's the former, recent changes to Google's system are making it increasingly difficult - there are a few threads kicking around the place that discuss what you need to do to have a chance of making money. If it's the latter, just set your maximum bid to be no more than your predicted conversion rate * your predicted profit per conversion. That way, you should make money, unless your predictions are rubbish (in which case, reforecast and try again!).
i wouldnt say its like gambling. If used properly you can get really good results. But make sure you set a limit and stick to it. You dont want a big debt
I see. Yes, I want to try my hand in some affiliates like azoogle. I just wanted to make sure that if I put down $2/day I'll only be changed for $60 that month. Just nervous about them charging more or something.
Uhm..yes be nervous....be very nervous. Ok, j/k...but yes it is like a gamble and this month i paid a big junk on google since i risked a bit...stick to you monthly budget or *theyyyyyy* will burn you. Its extremely tempting to bid more and risk....but you have to stick to your budget.
I see GeorgR so what you're saying is Google might send you something like.... "You're slipping in the war for ad ranks, try bidding a little more to win that war". Something like that? And then you add $0.50 not realizing you just added $15. I understand the big boys are like "WTF, just let it run and pay off that $1,000 later" Well that's good and fine if you have a grand to lose or something if you don't get conversions.
G will always pop up with messages to up your budget Well, dont tell me about it since i have the tightest budget imaginable....but then i see i have to risk SOME if i want to see results. Even a tight budget is better than none at all...IF you get conversions down the road and SEE your ads are successful..well nothing would hold you back shoving more money into ads then, as long as the investment converts right into profits for you.
Adwords or others PPC worth to try.. just start with minimum budget you have and after get some profit try to reinvest some to get more..
I suppose that they could argue that if your budget keeps running out, and your campaign is profitable, then you should increase your budget and hence make more money. Logically, if your budget runs out before the end of the day on a regular basis, then you're bidding too much. Bidding less will still spend your daily budget, but you'll get more clicks for the same money. I appreciate that this is no help if you are on your minimum bid, but if that's the case and you're still running out of money, it's time to start cutting the least successful keywords. You only spend the amount that you specify (on average), so unless you are easily persuaded, there's no real risk of overspending on Adwords...