« Pricing Strategies - Always #1 | Main | Pricing Strategies - The Cheapskate »

Jul22
Pricing Strategies - Quick Spender
This series is called "Pricing Strategies".  In this series, we will look at different techniques for bidding.  These bidding strategies dictate when you bid, how you bid, and where you bid.  You'll probably find that you already fit into one of the categories, but instead of just staying with what is comfortable, think about your industry, and see if one of the other strategies might help make some extra money!

With Google AdWords there is a way in your account settings to show your ad as fast as possible, even if you blow throught your daily budget in 2 hours.  AdWords allows this because they don't care when you spend your money, as log as you spend it.

This is a great way to spend your money if you are the "Quick Spender".  This pricing strategy is great for people who want to a certain CPC but want to get clicks as soon as possible.  For this to work you have to set a daily budget that is a lot less than the maximum clicks you could actually receive.

For example:

You have $100 per day to spend.  You pay $1 per click and get the number 1 spot (your average CPC is $1 to keep the math simple).  Imagine now that there are approximately 5,000 clicks per day on the AdWords ads.  You would probably get the first 100 clicks and would spend your daily budget in an hour or two.

The reason this is better for those with a small budget in comparison to the total daily potential is because you are almost guaranteed to spend your total budget.  If you were to space your clicks evenly throughout the day, you will have some days that you only spend $90 and others that you might only spend $75.

The "Quick Spender" spends his daily budget and no less which is great for him!

Is "Always #1" right for you?  Possibly, but that is for you to decide!

If not, check out:

Steady Eddie
Vulture Bidding
The Cheapskate
Always #1
Quick Spender

0 Comments/Trackbacks




Comments/Trackbacks are closed for maintenance.


« Pricing Strategies - Always #1 | Main | Pricing Strategies - The Cheapskate »

Advertise

Related Resources

sponsored ads



subscribe


Prefer Email?
Subscribe below-

Enter your Email:


Powered by FeedBlitz What's this?

Current News

Support This Blog

business social media

Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

BIZZlogos - Add your logo - free link to your site
BIZZphotos - Add photos of your products and people
BIZZprofiles - Submit your profile and build your online visibility
BIZZspotlight - Spotlight your business with free links
BIZZvideos - Videos about businesses, products and business people.
BIZZbites - "Digg" for Business - Submit your articles and posts

know more media network

View Network Map

Network Feed List (OPML)

Know More Media Network
Feed


we support unitus

PRWeb

Influencer



PayPerClickIQ is a member of the Know More Media network of business related blogs.

Here are some current headlines from some of our business publications:

ProductivityGoal

CallCenterScript

AdHurl

TheBizofKnowledge

LandingTheDeal

CustomersAreAlways

HealthCareVox

BrainBasedBusiness

TheInsurancePolicy

MarketingBlurb