Here is your NoSpin Debunker for May 19,
2003
Help People Find Your Web Site
Search Engine Optimization: The Basics--Part
V
Pay-Per-Click SEO
Pay-Per-Click means paying for higher search engine
rankings so as to drive quality traffic to your website. Virtually
all first tier and secondary search engines now have two types of
rankings: "non-sponsored" (that is, "free" rankings that are
determined solely by a search engine's own algorithms) and
"sponsored" listings that are determined solely by how much someone
is willing to bid (per keyword). Usually "sponsored" website
listings appear at or near the top of a search page, but in the case
of Google
Adwords, they appear on the right side of the page.
Type "marketing outsourcing" into Google
search, and you'll see a sponsored listing of mine (on the right
hand side of the page) in the 1st or second spot (unless someone has
outbid me in the meantime). And in the "non-sponsored" listings on
the first page, you'll also see a listing for www.nospinmarketing.com.
Or try the same thing by typing "marketing outsourcing" in to Yahoo
search-and I'll be listed among the top couple
"sponsored" listings and approximately 5th in the "non-sponsored"
rankings.
Pay-Per-Click to Jumpstart Your Website Traffic
Last
Debunker (Part IV) I talked about how to
submit (register) your site so your site will be located by search
engines and over time--IF you implement other SEO
initiatives--ideally, be ranked high as well. But, as mentioned,
that process can take some time and sometimes a lot of effort, and
there are no guarantees of ever getting on the first page of Google,
Yahoo, MSN, AOL, etc-much less be ranked in the Top 3. Pay-per-click
is another option to significantly enhance the chances that your
website is visible to web surfers who use keywords that are
applicable to your business, products, and services. The beauty is
that it happens immediately. Pay-Per-Click doesn't replace other SEO
activities, but rather it supplements them-and can be a valuable
addition to your website marketing strategy.
How Pay-Per-Click
Works
Pay-Per-Click is a very effective shortcut to getting
quality traffic on your site. Essentially, you bid real-time
(against direct competitors and others) for specific keywords (See
Part
II and Part
III of this SEO series). And sometimes you get lucky
and find that no one is bidding for the key words you want. Then
your website gets ranked according to your bids-and you pay only
when a web surfer actually clicks on one of your urls. Ideally, you
want to shoot for Position #1, or #2 or #3 on the first page of any
search engine. The higher your ranking, the greater the likelihood
that someone using a relevant key word will click on to your site.
Traffic falls off almost exponentially from 1 to 2 to 3--and
continues to dwindle rapidly. If you are off the first page of any
search listing, your chances are very, very slim indeed that you'll
be located in searches for a particular keyword.
You bid what you are willing to pay for each
click-through to your site. To get a top position you may only need
to bid $0.10 per click (the typical minimal bid on Overture and
others) for a key word--or several dollars per click for a very
popular keyword. Prices are generally higher for keywords that
generate higher search volumes. But even more important in
determining price is the bidding interest in a particular keyword. A
specific keyword may generate a relatively low volume of
searches-but still be of very high interest to more than one
business that continues to "bid" it up over time. And remember, it's
not so much the gross number of visitors that hit your site but
rather the number of "quality" visitors who may become good
prospects and buyers of your products and services.
Your Pay-Per-Click= (the price of each of your key
words) X (the # of times) someone actually clicks on it. Your
"click-through" rate per keyword is the number of times that your
url is clicked on as a percentage of all searches for that keyword
(for any Pay-Per-Click provider and its "affiliate" search engines).
Pay-Per-Click providers will show you what you need to bid in order
to achieve a top position. Google
also gives you some idea of estimated click-through rates (e.g. the
% of times a url in a top position will be clicked on and estimated
daily cost)-but only AFTER you've signed up. In general, Google
Adwords generates a lot more traffic but a lower
click-through rate (2% to 5% is pretty good) than Overture.
Overture,
on the other hand, sometimes generates substantially higher
click-through rates but on a lower number of searches than Google.
Still, you likely find one or the other more effective depending on
the key words you need-and the audience that uses those search
engines. All Pay-Per-Click providers give you real-time, online
tabulations of your clicks (per keyword), your click-through rate,
and the dollars that you are spending.
Pay-Per-Click is not gambling a la William Bennett
(please
take my current NoSpin survey), but it is not for the
faint-of-heart. Depending on how many keywords you're bidding on and
their respective prices, you can run up a pretty good tab in a hurry
(especially if you do not set reasonable automatic budgets). You
need to pay attention and know what you are doing-and get some help
from a knowledgeable pro-if you need it.
Pay-Per-Click
Players
The two big players in the world of Pay-Per-Click
right now are Google
and Overture. You get to bid real-time for your keywords on Google
Adwords and your (sponsored) listings appear on
Google (at the right side of the page) and also on AOL. Overture
sponsored listings appear on Overture-but more importantly on Yahoo,
MSN, AltaVista, Lycos, InfoSeek, etc. Every time you bid or re-bid,
your listings show up immediately (although MSN can be a bit slow).
There are also a number of second players like ah.ha.com
and Kanoodle
etc that have affiliations with dozens of secondary engines. They
don't generate the volume traffic like Google and Overture, but the
price of their keywords is usually a fraction of the same words on
Google or Overture. More on how to get started in Pay-Per-Click and
the specifics of Google,
Overture,
and other Pay-Per-Click options in the next Debunker...
You pay and you get ranked. Sounds relatively
straightforward, but it takes a lot of know-how to do correctly. For
many businesses that have good websites, Pay-Per-Click is an
outstanding marketing investment.
Pay-Per-Click Prerequisites
- You
need a good I-Commerce or E-Commerce site with compelling
content-otherwise paying for more traffic will be a waste. If your
site is a loser, fix it up first before you invest in
Pay-Per-Click.
- You
need to be willing to invest a reasonable amount of money in
Pay-Per-Click for at least for 2-3 months to check your results.
Are you generating not just more traffic to your site but contacts
and hopefully sales? What's reasonable as an investment certainly
depends on the size of your business and the number of your
products and services. But even for a small to medium-size
business your investment will probably be at least a couple
hundred dollars a month to over a thousand dollars a month. But
you can always control your spending depending on your own
budget.
- You
also need to be willing to regularly monitor your search engine
traffic overall, and in particular, your pay-per-click
results--and make ongoing adjustments as needed.
Otherwise do NOT use pay-per-click as an SEO
strategy.
The Pros of Pay-Per-Click
Immediate results. It's a lot faster way to a high
ranking (albeit "sponsored") and more traffic than doing all the
things necessary to move up the big engines ("non-sponsored")
rankings.
- Still a
mystery to most. Although more businesses are catching on to
Pay-Per-Click, it's still well kept secret than you can take
advantage of in the marketplace, regardless of the size of your
company.
- Control. You can carefully monitor your results as
well as control your investment and turn it up, down, or off at
any point.
- Higher
Sponsored Rankings As Well. Because Pay-Per-Click increases your
overall website traffic that is one of the key criteria that most
big search engines use to rank sites. In fact, it not a bad idea
to purchase a few inexpensive key words (in some way related to
your business) to build your overall traffic.
- Visibility. You can see what your competitors are
doing at all times and adjust accordingly.
- ROI.
The proof in the pudding over time if Pay-Per-Click generates
quality prospects and sales for your business. But relative to
other marketing initiatives the investment is low and the
potential high--for businesses that take their websites
seriously.
The Cons of Pay-Per-Click
- Money.
It takes a reasonable level of ongoing investment to see results.
Plus there are only so many top slots for any key word-so you may
be precluded if the keywords you need are just too expensive. In
addition you have to watch out for continual bid escalation that
gets out of control
- Time.
You can't just sign up with Google or Overture and forget about
it. You need to monitor your bidding regularly and pay attention.
You may need assistance. Handling ongoing SEO and Pay-Per-Click is
one of several services that I provide my Marketing
Outsourcing customers. If you need help, please
give me a call.
Next time, I discuss in greater detail how to get
started in Pay-Per-Click and what I've learned about the vagaries of
bidding for keywords using Google
Adwords and Overture.
Tom Ranseen
615.383.7157
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