How do you know if the impression data is good? What are the things you look at?
So you've got to consider a few things (I'm talking about IM/lead generation in general, but you can apply it to anything really):
- How will you monetize leads?
- How much you'll earn per lead or customer (one could also think of this as a per-traffic value once you know conversion rates etc.).
Of course, the more impressions the better, but if you're getting paid $1,000 per customer you send vs $1 per lead for a high volume, low revenue service like handymen, you can then see why it's not as clear cut as saying more is better. So I'd say know the 2 points above first. Sometimes, a few impressions a day could be enough to land a solid lead or job. If you're partnering with a local company who's going to revenue share on job value, then that one job could be worth a good amount of money to you. One thing to consider is you'll often find a lot of junk impressions that are probably from bots and impressions will be lower until you hit page 1 (which is where actual users will be).
What you can do is reverse engineer. and work out a rough monthly earnings value based on a few metrics:
Both of these will be dependent on the niche and urgency of the job. BrightLocal did a
study a few years back on local CTR (25-27% #1). As for conversion, you could use a 10-20% range.
OK, so let's say you get paid $100 per qualified lead. You are seeing 300 impressions per month. So how much could you earn at #1?
300 * 0.25 = 75
75 * 0.1 = 8 leads (let's be generous).
75 * 0.2 = 16 leads
8 * $100 = $800 per month.
16 * 100 = $1,600 per month.
There are a lot of assumptions I've just made, but I hope this helps somewhat.
So for this example of the real estate test sites I'm working on, I want to answer a few questions:
- Are people searching for specific long tails (3 bedroom, 2 bathroom for sale XYZ, homes for sale near XYZ airport, brownstones for sale XYZ, etc.)
- Is there enough traffic/earnings potential to make these worth trying to rank?
- How will I monetize? How much will I earn, etc.?
If I can find long tails that have good enough impressions, I can rank well on that. If competitors aren't bothering with it (and SERP is not matching search intent), then I've possibly found a lucrative keyword. One that I could scale across a city, metro, state or nationwide. I'm pairing this with testing on one particular site where the median home value is $1,000,000+. At that price point, I'd imagine there's a lot of value to a real estate agent to get a buyer for.