Dozens of services offer a paid-search model, but it’s best to start with one of
the big guys (such as Google Adwords, Yahoo! Search, or MSN adCenter, one
of the newest entries into the market). The smaller, less-popular ones offer
cheaper keywords, but that’s because they’re less frequented by searchers.
Quality varies greatly, so until you know what you’re doing, start with major
players because they do monitor quality.
Google Adwords is the easiest, most user-friendly service, as well as the
quickest. They’ll walk you through the process of setting up your first cam-
paign and choosing your keywords. They even have people you can speak to
live if you need help on your first campaign. And according to Scott Jangro,
cofounder of MechMedia, Inc., a consultancy focusing on organic search and
pay-per-click search engine optimization, you’ll start seeing traffic within 10
to 20 minutes. Yahoo!, by contrast, reviews every ad before it goes up so it
can take a day or so to start seeing traffic.
Each service is slightly different, but here’s the general idea of how paid
search works: You first determine a specific amount that you’re willing to pay
each time a person clicks on your link after using a specific term during a
search. For example, you may bid 25¢ on the term financial planning. Every
time a user enters those keywords during a search, your site comes up in the
results, and the user clicks on the link, you’re charged 25¢. If another com-
pany bidding on the same term is willing to spend more per click, their site
shows up higher in the search results than your site does. You can adjust
your bid on that term to come up higher (and then they may do the same) so
it’s essential to watch your ads closely to see where they’re showing up.
But because paid-search ads are so easy to do, unless you plan carefully, you
can easily waste a lot of money. So here are a few things to keep in mind:
! Design (or write) a compelling ad. You only have 70 characters to get
your message out. (That’s about as long as the first two sentences of
this paragraph.) So your ad copy must be compelling and catch your
prospect’s eye. It must be relevant and contain enough information that
your prospects know what they’re clicking through to. If it’s not, you’ll
get lots of clicks (that you’ll pay for) from people who are just curious or
confused. The clearer your ad, the better the quality of your clicks. More
clicks is not necessarily better.
! Manage your keywords. You can select 1, 10, 20, or 1,000 keywords for
your campaign (or anything in between). You can choose between a
broad match (any of the words in your phrase) or an exact match. Be
careful with broad matches because those people can be looking for
something completely different from what you’re offering. For example,
a “mustang” searcher might be looking for horses, not cars. You can put
in negative keywords (such as free, a common word used by people who
have no intention of buying) so your ads won’t show up. You can
exclude words too, called negative keywords.
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