How do you pick a good BID price for various products?

Discussion in 'Google AdWords' started by Mr.Forex, Feb 18, 2010.

  1. #1
    Hi all,

    Question here:

    From various products, how to set the bidding? What are some techniques?

    Any help would be great!
     
    Mr.Forex, Feb 18, 2010 IP
  2. gorz

    gorz Peon

    Messages:
    68
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #2
    You can set bidding at your adgroup or keyword level. I prefer keyword because you have more control. Different products = different keywords = different bid prices. It all depends on the market competition and what ad position you want to sit in. That will determine your bid prices.
     
    gorz, Feb 18, 2010 IP
  3. ppcIcon

    ppcIcon Peon

    Messages:
    183
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #3
    use a tool like the free version of spyfu.com to see what size bid you need to make on a keyword phrase to be "Eligible" (get impressions).
     
    ppcIcon, Feb 19, 2010 IP
  4. smile633

    smile633 Peon

    Messages:
    1,039
    Likes Received:
    5
    Best Answers:
    0
    Trophy Points:
    0
    #4
    I wish you had more response to your question! Would be most interesting!
     
    smile633, Feb 22, 2010 IP
  5. DepravedShadow

    DepravedShadow Peon

    Messages:
    9
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #5
    Go for long tail keywords that you don't rank on the first page for...and try to keep your bidding low. Ultimately, it depends on your conversion rate and price of the product.

    If you convert 1 in 100 to buy a $1000 product...paying $2 per click isn't a big deal. If you convert 10 in 100 but are only selling a $5 product...you definetly don't want to pay that much.
     
    DepravedShadow, Feb 22, 2010 IP