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The dominoes are finally falling

Discussion in 'CPA' started by artizhay, May 9, 2011.

  1. artizhay

    artizhay BANNED BANNED

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    I was just so happy about this that I had to tell someone, haha. I've just gotten into PPC marketing and it seems to be working great so far. I honestly have no idea what I'm doing, but I'm reading Advanced Google AdWords when I have time (which isn't often). All I know so far is ad position affects leads. I was at a flat 0% conversion rate for a few days, but I raised by CPC by $0.24 and now I've been seeing 10%-20% conversion! High payout (for me) CPA offer at $28.75.

    This is just for everyone (mostly noobs or somewhat-knowledgeable people like me, or those who only specialize in one thing - SEO, etc) to realize that diversifying your methods can bring a really big return. I told myself I would never do CPC because I didn't want to spend money to make money, but I was getting impatient with SEO so I gave PPC a try. I was just making $600/month with content locker e-mail submits, but now I can make $1500-2000 with just PPC alone.

    The only problem is that I'm on a $75 voucher, but I want to keep paying for my ads since I've made $86 and spent $40 for it. I would like to spend $30/day or $1000/month. What is the best way to go about doing it? This is probably a question better left in the AdWords section, but I figured I might as well include it. I don't really want to debit directly from my bank because I'm just a teen and don't have the money to put up the initial $1000 (or any amount, really). Would it be better to apply for a credit card with a $1000 credit line? I have good credit, as in my provider has doubled my credit line in the past 6 months, so this shouldn't be too hard.
     
  2. DebtFreeMe

    DebtFreeMe Regular Member

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    I make it a habit not to put myself into debt with the hopes of making money. I always look at the worst case and decide from there. If you go back to a 0% conversion can you afford to pay back the money, or would that completely cripple your financial position?

    If you couldn't pay it back, I would personally say, bring up your conversions as much as you can, and cash flow your business with profits, that means that if you run out of money available to keep funding your campaigns for the month, then suspend them until you find more money or get paid from your current adventure.

    As a side note, my perspective may be a bit clouded on this because, I don't personally don't have any credit cards, and after paying off $50,000 in debt about 4 years ago I never will either, I learned my lesson, thus the name, Debt Free Me...
     
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  3. artizhay

    artizhay BANNED BANNED

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    Hm...you make a good point. I've been attributing the high conversion rate to my higher ad position (usually 3-4) when it used to be 9-10 before I raised my bid. Maybe I should keep testing on vouchers to see if the conversion is consistent?

    If conversions seem consistent, maybe it would be prudent to do a manual credit card payment every day as long as I am profiting. That way, if I go a few days without profiting, I can pause everything and figure out the issue.

    There are just so many payment plans in AdWords that it makes everything complicated. Damn people should read The 4-Hour Work Week. More options = more problems. And then there's the incremental payment thresholds, which just muddles everything even more.
     
  4. AdGate

    AdGate Jr. VIP Jr. VIP Premium Member

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    If your seeing a positive ROI a credit card may not be a bad idea. Make sure to only use it to scale campaigns, not test new ones (if you can't afford the debt).

    Also, reach out to your network and see if they can get you set up with more frequent payments. A lot of networks will give you weeklies if you do $1k a week, especially if you they know that you need it for cash flow.
     
  5. artizhay

    artizhay BANNED BANNED

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    I always test my campaigns on vouchers because I'm just a teen and can't risk my money. I'm just afraid Google will ban all my accounts for multiple voucher accounts. =/ I don't take the time to use proxies or anything.

    Yeah my network is pretty friendly and flexible. They offer net-15, bi-weekly, and weekly and there aren't any thresholds. One just has to request a different payment and they'll do it for you. That'll definitely help keep the credit balance low so I can scale it more.
     
  6. Spaceman

    Spaceman Regular Member

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    You'd better get some proxies sorted - they will shaft you in the ass - and it will be game over - with your next thread going like this

    "Oh No - All My google accounts have gone - I dont understand why?"

    :)