If you don't know
how PPC works, at least through Yahoo Paid Search, you only
pay a penny more than the bidder below you.
So the guy "bidding"
$3.00 is actually only paying $2.26. And the guy at 2.25 is
only paying .76. The "bid price" represents the
maximum an advertiser is willing to pay - not what he's actually
paying.
Many advertisers
don't know this, so by having this information you can get
a better gauge on the true price being paid - and what you'll
be making.
Plus, you are only
paid a percentage of the pay per click price - probably in
the range of 25-35%. So that .49 paid click probably means
.12-16 for you. That adds up, but we want as much as we can
get for our time. It's the same amount of work any which way.
IMPORTANT NOTE: One reason I stress to trust your
intuition is that not every industry has embraced Internet
marketing - yet. When I first built my Outdoor Fireplace site,
the criteria I used was seeing there was low competition -
ie, not many sites on the subject.
In one year, the marketplace has changed dramatically
and it's just the beginning. There are many more sites, more
competition, and the advertisers are willing to pay two-to-three
times as much per click.
You may be smart to consider who you know who hasn't
embraced Internet marketing - it's probably indicative their
industry is behind the curve and building your sites on the
subject might be like buying up prime real estate in an urban
growth path.
How difficult is
it going to be to get search engine placement?
There are many
ways to determine this and none is "perfect". So,
go with a couple "rules of thumb".
One, the more general
the search term, the more competition there will be. IE, "home
improvement" will be more competitive than "how
to replace kitchen counter"
And, that's funny
really because "home improvement" can mean any number
of things, while "how to replace kitchen counter"
tells us very specifically what the searcher is looking for
- that's the person we want anyway.
Step Two: Plan
your site
You will come up
with so many ideas by following step one that the biggest
challenge will become managing them. That's why it's really
important to make plans for your site now. My site, HomeSellingHelp.net,
could focus on how to sell your home yourself - ie, For Sale
By Owner - or it could focus on ways to make little improvements
that help your home have maximum curb appeal. But, if I'm
not careful, it can easily become an out-of-control monster
that never reaches anything close to completion!
I suspect there's
more money in helping people sell their homes, so that will
be my focus. You can quickly get the outline for your site
by picking up a book - or an article - that talks about selling
your home.
So, I went to Google
and did a search for "home selling tips". The numberone
result is a site ( http://content.realestateabc.com/homeselling/
) that gave me almost exactly what I'm looking for. It seems
to cover the bases well. Looking further, I found another
site that might be even better - http://www.pueblo.gsa.gov/cic_text/housing/sellhome/sellhome.htm
Between the two
I get the following ideas:
1. Preparing Your
Home for Sale
2. Getting the Best Price for Your Home
3. Selling with a Realtor
4. For Sale By Owner
5. The Need for Legal Representation
6. Tax Implications
So, each of these
six themes are potentially very good money makers, whether
by Adsense or selling products and services.
IMPORTANT
NOTE: Many people are tempted to save some
money by using articles written elsewhere. This is not a good
idea - at least not for the first phase of building your mini-site.
Although some people cry chicken claiming "you'll get
a duplicate content penalty", the real reason is you
simply need fresh, unique content written to exact specifications
for optimal search eninge placemnet.
re Duplicate Content
Penalty
A "duplicate
content penalty" is just the search engines way of avoiding
the first 50 search listings being the exact same article.
This used to happen frequently. I once wrote an article and
distributed it to the affiliates of a program I managed; for
a specific keyword phrase, eight of the top twenty results
were this exact article.
So the search engines
way of dealing with this is to give a "duplicate content
penalty" which amounts to "this isn't the original
source, so we don't want your page to rank highly". On
the whole, it doesn't hurt your site. It simply means you
stand little chance of receiving good search engine placement
using someone else's content.