Thanks! It's funny you mentioned that as I just wrote a post about it- http://www.afftoolbox.com/2007/11/25/how-much-should-you-bid/ That's not a bad way of doing things at all. There are several methods I've run into. You can go either way: start high and trim the fat or start low and only increase the ones that convert. I'm sure there are tons more. It's very possible to lose money. In my experience, it's highly probable. Saturation isn't usually the problem with high ecpc offers, it's maintaining the keywords that convert (at least for me). If you can keep the keywords that work for you in the long run and keep a decent CTR, the competition should drop off over time.
When I personally say mini LP's, I'm talking about landing pages with a brief description of the product(s) you're selling vs. a long description where people have to scroll and scroll. You should put enough on the page to not lose the interest of the customer but not too little to be helpful. How much is the happy medium depends on where you're coming from as the seller and what the product is. That's as broad as I can be.
Thanks so much man. Yeah, my baby has been a handful so far but very much worth it. Yeah.. $30/day was good but I'm doing considerably better now. haha.. yes, laziness is the devil in this business. Good luck to you.
Thanks! Much appreciated. Things are doing much better since then as well; let's hope the trend continues.
I admire your persistence. CPA marketing has been a real challenge for me to achieve consistency. Some $200 days, some $5 days. Maddening!
Thanks! Yeah, consistency is pretty difficult in this industry. I like to take the averages and go with those. Scott