The one I am using rightnow is 'bid low and gather impressions, invest in the keywords that have many impressions"
[update]
I've 10,000+ keywords (adwords, related, competitor, brand etc) and I've put all of them in the adwords and campaign is created. The campaign I am doing is saturated as well, so probably conventional methods wont work.
Are there other strategies available? specifically, once we have list of thousands (or millions) of keywords, how to find *money maker* keywords out of them within AdWords? (prior to actually start bidding)
Current Strategy
1) Create AdWord Campaign
2) put all keywords
3) bid low and gather impressions
4) after certain time (probably a week) increase bid on keywords that have higher impressions
keywordshitter.com
@dynamicsoul thats a good shit
thanks, really appreciate.
However, you've answered my second question, while here I want to know the _strategies_ to find winning keywords. I mean once we have the list of keyowrds and setup campaign, how to proceed and find the *money maker keywords*, i m going to update the question as well.
money maker keywords will vary from product to product , lander to lander.. all you can do is collect data and kill non converting ones, or use negative matching to remove words not relevant (useful when trying broad match modifiers), then run higher budgets to the ones that convert.
Data is king.
If there was an easier way to understand the "money keywords" right off the bat, we'd all be rolling in money...
Yeah agreed, no easy way.
So basically, to sum up; in order to find *money maker* keywords
Thanks a bunch cmdeal for your input, much appreciated.
The rationale is that we will be able to find how much impressions share we are going to get with all those factors like age of adword account, landing page, quality score, ad copy etc in place. And if we increase the bid, very likely we will be able to get clicks that will convert.
With this approach I've had around 30% ROI, but only on weekends, while weekdays bids were high and I am trying to play safely.
What do you think would be best approach to identify the *money maker* keywords, prior to investing money?
The logic of your rationale is a bit flawed here ...
A better of set of rules would be, IMO,
1) Create AdWord Campaign
2) put all keywords
3) bid low and gather impressions
4a) Keywords that have spend higher than 10$ and are not ROI+ --> Lower bid or Turn off (depends on how much you are in the red)
4b) Increase bid on keywords that don't get any traction (spend = 0$)
Meanwhile:
5b) Push keywords that have ROI+ of 30% or higher and focus on those
5c) Add alternations/synonyms of the 5b) keywords and test those out
couldn't help laughing.. buy hey the keywords shitter works well, thanks!