Pay Per Click (PPC) advertising is the fastest growing segment of online advertising. According to Forbes Magazine, by the year 2008, companies will spend $8 Billion a year on PPC advertising.
No wonder, almost every keyword search, especially related to products and services that are for sale in market, yields host of sponsored links in the top, side and bottom column of all the major search engines. This clearly indicates the growth and popularity of PPC advertising among online marketers.
The growth paired with success is always threatened by increased competition. PPC advertising is no exception. The number of firms offering PPC management services has mushroomed in recent times.
According to a survey by Reprise Media, not only is the PPC advertising market widening for the past three years, the growing interest in PPC advertising has caused a rise in keyword costs of some markets by as much as 25 percent. This means the average cost per click (CPC) rate is also increasing rapidly.
Factors fueling growth of PPC Advertising
PPC advertising is helping many businesses to grow and thrive. Pay Per Click (PPC) advertising offers a new and cost effective way to attract potential customers to your business. Besides others, some exclusive factors propelling to the growth of PPC are:
Geo Targeting Customers: Pay Per Click allows you to publish your ads in selected geographical area. This helps you in regulating the flow of your investments in right directions and to reach only the right customers.
Organic advertising on internet does not have that edge of limiting publications geographically. Pay per click in that case becomes a cost effective choice for marketers who want to limit their web advertising to particular region(s) state(s) or even nation(s)
Instant Result: Organic listing of website at top slots of search engine can take months, whereas the PPC advertising can place you at top within minutes. This means you get nearly instant traffic.
Pre-Qualified Customers: The best part of this advertising campaign is that you don’t have to look out for your customers but your potential customers will find you. Prospects use certain keywords or phrases to search for your products and services on internet. You need to have those keywords in your PPC advertising campaign and bid to ensure that your ads get top spot in the sponsored listing of search engines.
Compelling Ad Copies: “Small and smart” is the mantra here. Creating PPC ad copies is a challenge for any copywriter because in the space of a very limited number of characters you need to appropriately position your product/service for your customer.
That tiny ad needs to be compelling enough to attract the customer and encourage him to click. So your professional PPC advertising company or in house PPC management team must highlight the key benefits of your product/service, place in the keywords, mention special offers if any and put in a call to action, all in the space of those few characters. Its tougher than it sounds!
Plus, strategically designed ad copies can filter unwanted clicks and ensure qualified visitors on your website.
Tracking The Success: Using various analytics tool, you can check how people are responding to your ads in both qualitative and quantitative way. The measurability factor attached with pay per click campaigns makes it a favorite advertising strategy for online marketers.
You can exactly calculate metrics like click through ratio, cost per click and cost per conversion, ensuring almost complete control on your advertising budget.
Flexibility: PPC campaigns can accommodate any budget. If your budget is low you can still launch an effective PPC advertising campaign by incorporating less popular but still relevant keywords. Less popular keywords are less expensive.
But in case your goal is to maximize visibility in top search engines you can have wider range of keywords from most popular and expensive keywords to least popular and less expensive keywords.
PPC advertising campaigns, if designed professionally can propel business growth. It definitely is a complicated task that requires constant professional attention and analysis.
Every click from visitors is costing you money, hence to get optimum results and better ROI, ensure your PPC campaign is being handled by professional PPC Advertising Company.
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