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| | #1 | |
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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I get this question a lot and answered it in another thread, but quoted it below. Quote:
I wanted to post this to add to my post quoted above, (which I should have to begin with). You CAN start small with any paid traffic. The budget you have depends on you. You CAN start with $10 and keep reinvesting profits back into your campaign until you hit your goal. But you've got to know that if you want to make $100 per day or $10 per or whatever per day, you'll be spending at minimum THAT amount per day in buying traffic. So if your goal is $100 per day profit. You will be spending at least $100 per day to make it. Typically you'll need to spend $200 or more to make $100 profit. But you have to crawl before you walk, walk before you run and run before you sprint. Don't expect to get there right away by spend $10 per day. It is not going to happen. IF your budget is $10 per day and you're profitable on that $10, then you take what you've earned and reinvest it back into your campaigns, raising your budget every time. Example: $10 spent returns $11 per day. $1 profit. Now budget can be $11 per day. $11 spent returns $13 per day. $2 profit. Now budget can be $13 per day. $13 spent returns $16 per day. $3 profit. Now budget can be $16 per day. $16 spent returns $20 per day. $4 profit. Now budget can be $20 per day. Do you see a pattern? Your budget just went from $10 per day starting out to $20 per day just by reinvesting back into buying MORE traffic. Now I will warn you that your progress will typically not be as linear as that. You will have ups and downs, BUT if stick it out and keep putting money back in, you'll get there. So next time someone asks, "Is $___ enough to start with PPC or FB Ads or POF or CPV" refer them to this thread. The answer is yes, but know it's going to take time and reinvestment into your campaigns to do so. | |
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| | #2 |
| Cpa Mastermind War Room Member Join Date: Sep 2010 Location: United Kingdom
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Awesome share again Will this question seem to pop up every day |
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| | #3 |
| Warrior Member War Room Member Join Date: Nov 2011 Location: Toronto
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I was thinking about how much money would be needed for the testing of keywords. This thread answered a lot of my questions. I guess investing something like 10 bucks would take too long to find a successful strategy; though it wouldn't hurt to give it a try and learn something in the process. But what guarantee is there that a successful keyword would keep converting months later? Is it common for certain keywords to be successful for a long run? |
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| | #4 | |||
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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I know a lot of courses and training programs try to promise you'll get rich quick, but the reality is you won't. It takes time. But look at any offline real world job. My wife is a teacher, it took her 10 years to get to the $87,000 per year salary level. Yet online marketers expect to make $100,000 for a weeks work. That's not realistic. If people would align their expectations with realistic timeframes, more would succeed. I've seen this almost 10,000 times in my own training sites. People join, try one or two things, (half assed usually), then quit. Those people don't get it and they're in the majority unfortunately. Quote:
They want guarantees on everything. Look at the WSO section, if you don't have a 60 day, money back guarantee on anything, some won't buy it. That's totally contradictory to the true business persons mindset. That's the salaried workers mindset and trying to switch from one to the other is difficult if not impossible for most. It's yet another reason people fail so often and keep buying more and more garbage to try to find the perfect solution. When the solution is there, but they're hard wired to not accept it. Quote:
I don't mean to be a downer, but you bring up some excellent points here that most newbies should know. The good part is that the guys I've seen and helped succeed have a couple things in common:
That's just off the top of my head. The longer I've been doing this the more I've come to realize that most of success is mindset and the above list. The fact is some people just aren't meant to be working for themselves and that's ok. There's nothing wrong with trying, but if you're going to do something, do it 100%. | |||
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| | #5 |
| CPA Networks Reviewer War Room Member Join Date: May 2010 Location: Pandora
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Very nice share, thank you Will |
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| | #6 |
| Advanced Warrior War Room Member Join Date: Jan 2011
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Excellent share mate! |
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| | #7 |
| HyperActive Warrior Join Date: Jan 2012
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I had the same question in my mind. I will typically start with only 200 - 250 $ "total budget". My final goal is to get 50% ROI so I will stick to Facebook advertising making many copies of the same ad "recently added Microsoft Ad-center to my plan" so I track performance of each copy and see which one works for me. Thanks for this nice thread |
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| | #8 |
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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No sweat, keep reinvesting and you'll get up to a large budget after some patience and success. |
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| | #9 |
| Senior Warrior Member War Room Member Join Date: Oct 2005 Location: , , India.
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You have said it right that you need to learn to walk before you run. However, the question is where can we start to advertise with $10 budget, apart from Google adwords which is out of the question due to its strict rules + too much competition?
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| Your site ranking can go from 100+ to Page 1 in one month. Don't try my service or you will be hooked! -------------- Xrumer or Scrapebox blasts cannot compare with this! This is one of the most powerful, effective and yet under-utilized link building technique for getting links from authority sites which can make Google fall madly in love with your website. | |
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| | #10 |
| Active Warrior Join Date: Mar 2010
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why you increase your budget so little when you see that your campaign is working? Why dont you be more aggressive ? if you see your campaign is working then add 25% to your budget not just 1-2 dollars per day..... |
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| | #11 | ||
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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| Quote:
Quote:
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| | #12 | |
| Warrior Member War Room Member Join Date: Nov 2011 Location: Toronto
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These are some very powerful points that I copied pasted on my computer. I can tell you right now as a newcomer to this business that I am battling against most of the obstacles that you wrote about. I also would like to add having a positive mindset would allow you to be more creative with ideas. When you are down on yourself your mind and body will also give up. | |
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| | #13 |
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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Agree 100%. Mindset is probably THE most important part of success. Yet it's something that is not talked about enough. I could make a longer list but that is the main ones that came to my head in training affiliates over the past 4+ years. |
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| | #14 | |
| Warrior Member War Room Member Join Date: Nov 2009
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Thanks. In your experience, how many of the "successful" keywords (as a percentage) do not recoup the cost of finding them before going stale? | |
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| | #15 |
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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90% will be crap at least. 5% to 10% will be keepers. It's really hard for someone who has never profited on any campaign to accept that though, so they get antsy, impatient and quit before the war even starts! |
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| | #16 | |
| Warrior Member War Room Member Join Date: Nov 2009
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I accept from your opening post that at least 90% will be crap. My interest is in the 5% to 10% of keepers... In your experience, how many of the keepers (as a percentage) will remain profitable long enough simply to pay for the crap it took to find them? | |
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| | #17 | |
| HyperActive Warrior War Room Member Join Date: Sep 2007 Location: Canada
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| Web Development since 1999: http://www.e4WebSolutions.com | My site: I want to help you make money online: http://www.FrancoFrenette.com | Website Thumbnails Service:http://www.ThumbnailsPro.com | Dropshippers Directory:http://www.webdropshipper.com | Save On Insurance: http://www.Save364.com | ||
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| | #18 | |
| HyperActive Warrior Join Date: Oct 2011
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Will great break down. Stuff you don't hear in sales copy! One thing I do that helps with the testing curve is doing proper research/spying on whats running currently on the traffic source im using. I never go blind when I start running an offer. Why use my own money for testing if i dont need to ![]() Quote:
If you actually invested 100$ into a CPA campaign with google you more than likely will not profit, but if u can get a coupon its worth it to test, track , learn the ins and outs with out investing your own money. Even though there is lots of competition on google, you can direct link CPA offers. Gotta test sites/keywords (i've only direct link with content network), offers, and landing pages. You can test building a list/ not building a list, but get a 100$ coupon code and get started!! | |
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| | #19 |
| Warrior Member Join Date: Sep 2011
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Nice thread. Learned some new stuff here
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| | #20 | ||
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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Quote:
Cool... | ||
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| | #21 |
| Senior Warrior Member War Room Member Join Date: Aug 2009 Location: Brazil
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Very nice thread. Now I think it's clear for everybody how money makes money. ![]() W
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| >> Best Success Rate << So far, I don't have 1 single student who has tested 5 or more campaigns without finding at least 1 winner. And I intend to keep this success rate. | |
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| | #22 | |
| Warrior Member War Room Member Join Date: Nov 2009
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I take from this that the competition is the limiting factor (as opposed to a decreasing number of people interested in completing the offer) which gives rise to the initial cost of simply getting into the game. Thanks again. | |
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| | #23 |
| Warrior Member Join Date: Sep 2011
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About the first post. Say I found that 2.5 keywords that worked, what am I suppose to do next, smack 100 on each of those profitting keywords per day until it dies or increase daily depending on the ROI? and then put another 100 up to run more tests to find more profiting keywords? Sorry if the questions sounds dumb, compplete newbie to PPC. Just learning. |
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| | #24 |
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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Competition is certainly a factor because if something is very popular, there will be loads of it. If you have 2.5 keywords that worked, you keep those running while still testing more new ones. It's a constant battle. Testing new stuff and keeping the good stuff going. I wouldn't stop testing until I had reached my target profit per day. Even then if you stop testing, you'll only coast so far until something happens and you need to add more "fuel to your fire". |
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| | #25 |
| Warrior Member Join Date: Sep 2011
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Ok, think I understand that part now, keep looking testing New key words incase my originals stop converting. Keep good ones and scale up, test different offers to see which converts best, change landing pages, hit the goal mark. Then move to different niches and offers. Am I in the right steps? Lol
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| | #26 |
| HyperActive Warrior Join Date: Dec 2010
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Great info as usual, hopefully they wont have to ask the question again. I'll make sure to leave it for you if they do!
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| | #27 |
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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sayso, that's pretty much it. Andrew, thanks man. |
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| | #28 |
| Warrior Member Join Date: Sep 2011
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Post 15 is good, people quit before the war even starts. I'll remember that. Thanks for the tip.
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| | #29 |
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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They do, the other thing is people always report the "macro" level numbers on campaigns when in reality they're totally un-important to the campaign being a keeper or not. For example: I had 120 clicks, cost me $13.20 and I haven't had a conversion yet on this campaign, what should I do? The answer is, what's the details on those stats? What's the offer payout? What's your maximum spend per keyword? What if it looked like this: keyword one: 75 clicks costing $8.25 @ $0.11 per click keyword two: 20 clicks costing $2.20 @ $0.11 per click The rest have 1 click at $0.11 per click each If the offer pays $1.50, then you screwed up in managing this campaign. 2 keywords have drained almost the entire budget without converting and they were not removed from the campaign. That's bad/no campaign management. Get rid of those costly 2 keywords and keep the ones that have only cost $0.11 each until they reach your MSPK then figure out whether you're going to keep them or remove them as well. BUT my point is people don't even get to the real campaign management phase, they totally ignore it. They just drop this campaign and move on, (usually to the next shiny object). The ones who do know that there's more to it then macro level numbers stick it out and test each keyword thoroughly before deciding to drop the campaign. So that is quitting the war before it even starts in a nutshell. |
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| | #30 |
| IM King War Room Member Join Date: Apr 2011 Location: Chicago
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Nice plan you got.there very workable..
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| Get Coached with some one with Experience and Success. P.M for 1 on 1 Coaching | |
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| | #31 |
| Advanced Warrior War Room Member Join Date: Nov 2010
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Dude, you rock, simple as, this post is GOLD. Cheers |
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| | #32 |
| Warrior Member Join Date: Apr 2011 Location: Brisbane, Australia
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Thank you for this great post - I am looking to get back into PPC after a 3 year break - i used to be very sucessful - most days >$600 profit, but then got the big slap and just gave up! Now very keen to get back in but not sure of the rules of play these days - any thoughts would be appreciated.
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| | #33 | |
| Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , .
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It's hard to say without details, but yeah, traffic sources change their rules all the time, but we need to adjust and adapt to survive. | |
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| | #34 |
| Warrior Member Join Date: Jan 2012 Location: Manchester, UK
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very well explained, kind of dashed my thoughts of how it would work but it's better to be realistic, it's easier to lose money testing campaigns when you expect to lose money. I am going to start off small as it's all I can afford, but I am going to reinvent what I earn and just keep going like the example, I don't plan on giving up no matter how much I lose in money and time, I will become successful in PPC. On your website do you explain how to do keyword research and find keywords for our campaigns? Edit: I just set up my first PPC campaign, I only invested $25, I would be happy earning just $1, I am going to stick at it no matter how much money I lose, I am only going to do small investments and I plan on joining the forum soon so I can get help on setting up successful campaigns. Edit 2: OMG I just got a lead! the campaign has been up for less than 15 minutes with only 2 keywords and I already have a lead |
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