I’ve talked a lot of smack about the PPC technique of making money online. Well, to be honest, it’s a necessary evil, and used correctly, you may even make some money off of it. The question is how you go about doing that.
The first step is selecting your PPC advertising network. There are many options out there. The most well-known one is Google AdWords. Yahoo is still ranking up there, but since Bing took over their paid search, no one actually seems to know where Yahoo will be. I would be wary of them, although they are still one of the bigger players out there. In addition to Google AdWords, the other two top-tier PPC networks are Microsoft adCenter and Yahoo Ambassador (again, pending governmental approval, who knows how long that will last). I would also recommend taking a look at the following five smaller PPC ad networks:
· AdBrite
· LookSmart
· Bidvertiser
· Miva
· JumpFly
Please note that these are all targeted toward the US; if you want something for the UK, Australian, or general European market this post may not be for you.
In my next several posts, I will focus on-and-off on the positives and negatives of each network. Let’s start with Google AdWords.
Pros of AdWords:
· You will be seen on the search engine results pages (SERPs) for Google search queries – it’s a great way to maximize your exposure. This definitely increases your chances for visibility in a very competitive world.
· AdWords has awesome tracking – like most-to-all of Google’s products. (I am a HUGE Analytics junkie. I could never understand why you would want to pay for an Analytics program when you have Google Analytics at your fingertips for free.)
· It’s fast – you can be set up in, say, five minutes.
Cons of AdWords:
· Clicks generated?
o Using Google AdWords is a double-edged sword. Yes, you want your ads to be visible in the search engines, considering how many users visit the search engine results pages for a given keyword. However, most people do NOT look at the advertisements at the top/right-hand side of the page simply because they know that the results located in those areas ARE advertisements. (Which is the point of SEO – it’s organic, thus people click on those results, believing them to be the most naturally relevant for their search queries.)
· Amount of training time
o It takes a while to become an expert in AdWords – and a tidy sum of money. You will fail in the beginning, simply because you don’t know what you’re doing. You can read all of the AdWords tutorials that are available back-to-front. It won’t matter. Until you actually get out there in the field (so to speak), you are NOT an AdWords expert. It will be a costly experience.
Next up: Yahoo! (Or Microsoft? Only time will tell…)
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1. I think your blog is truly awesome. I’ve subscribed to your RSS-feed, and everytime you update your blog – I read the latest post… no matter where I am. It could be on my mobile or on my computer. It doesn’t matter. Your blog simply owns.
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Anyway, don’t let me waste your time… keep up the good work!
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Great tutorial, thanks Michael. Haven’t delved into PPC yet, but will definitely do so in the future.
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One of the big problems is that the most popular money making programs are written by people that forgot what it’s like to be new. These guys seem to think that building web pages, using FTP programs, and creating PDFs is common knowledge. The thing is most of us just don’t have the experience and knowledge that these guys take for granted that we should. It almost seems that they are cursed by that knowledge and cannot effectively communicate with someone brand new to the whole Internet Marketing thing. You won’t be quitting your day job right away but it will definitely help to get you started in making money online.
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Interesting post Michael. I always learn a lot from your posts and really appreciate it! I wish you a Happy New Year. Best Regards!
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I live in the UK and I still think that Adwords or Yahoo’s equivalent are the best. Whilst others promise to offer a strong rival experience they just don’t live up to it
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This is another great post. I think making money online is the best way to make money but its not so simple too, this kind of posts make the way easy to understand.
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I dived into the adwords world just a few months ago. I have had some small success so far but nothing huge. It does take a long time to master it and I’m finding that it’s mostly about trial and error.
Steve
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Thanks Michael. Interesting and valuable information. Previously i used adbrite and bidvertiser. But i think google adsense still better.
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You forgot to mention that Adwords is ridiculously expensive. No more 10 cents per click. Its hard to even test for less than $500.
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