High CPC on Small Keywords – How to Reduce?

Hello,
I am targeting a very niche product and the CPC for my keywords has gone insane. I am paying $8–10 per click, and my budget can’t handle it. I tried lowering bids, changing match types, and adjusting targeting, but it’s barely helping.
Any strategies to lower CPC for high-competition, low-volume keywords?
Check the actual search terms. a few expensive searches may be wasting most of your budget.
 
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