The Basics of Making Money with Google AdWords
There is no more powerful and no higher volume online advertising tool than Google Adwords. Tens of millions use it every year to choose keywords, test ads, and launch advertising campaigns on Google and its search partners?and some companies and even some individuals earn six and seven figures doing so. It’s no wonder that you are ready to start using Google Adwords to make money.
The beauty of Google Adwords is that it can do something that no other form of advertising can do. Adwords can target the exact customers you need to make sales. Adwords grants you unmatched access to keyword generators and demographic tools, allowing you to find just the right keywords to bring in just the right demographic for maximum return on your advertising dollars. Anytime someone in your target demographic searches for your keyword phrase, your sponsored link will appear to the side of the screen. And you don’t have to pay for that ad unless someone clicks on it.
Just as an example, let’s say that you run a fantasy baseball website. You can design an Adwords campaign that allows you to target searches on fantasy baseball related keywords. Fantasy baseball keyword searches are seasonal, like the game itself. Throughout the year, anywhere from 74,000 to 20,000,000 people search for information on fantasy baseball, with the peak month being March. You can run your ads to a niche market or a broad market. If you choose to run your ads when competition is high, you will find the rewards are high as well. Your average Cost per Click (CPC) will run $0.93, but that $0.93 can be money well spent.
Let’s further suppose that you make $20 per sign up to your website with an additional $100 per 10,000 visits you get in ad revenue. Of course, the more people you can get coming to your website, the more money you will make. If one in 20 people signs up for your site after clicking your ad, you make about a dollar in profit per signup, plus whatever profit you make on advertising revenue for their repeat visits. If you refine your ad campaign so that one in 10 people you get from Adwords signs up for your site, then you make a whopping $10 per signup, a 1000% improvement in return on investment for just a 100% improvement in signups.
Like any other advertising option, Adwords is a basic investment. You put money in to get more money out. Unlike other advertising services, though, Google Adwords gives you more control over exactly what kind of traffic you generate for your website. You can choose whom to target, what kinds of searches to target, and when to display your ads for maximum response.
As you hone your target demographic, you will earn enough to reinvest in even more advertising to grow your niche on the net. Millions have done this already and proven that online advertising is one of the best moneymakers around.
Justin Harrison is a leading Internet Marketing consultant responsible for the Internet Marketing strategies behind some of the biggest online brands including Amazon, BBC, MasterCard and many others.