
BidRank can simultaneously manage keywords across various accounts and
search engines. Each product possesses advanced features that allow you to
totally customize your keyword bidding strategies.
Keyword Wizard.
BidRank makes it easy to set up your bid
file using the Keyword Wizard. This tool downloads the entire list of
keywords from the account and search engine that you specify. You may then
use this pick list to select the keywords that you wish to manage. Upon
finishing the wizard each keyword is correctly set up to manage using the
default target rank and bid max that you specified. Select Save from the
File menu to make sure that your new bid file is preserved for future use.
Remember that BidRank is a desktop application and this bid file is where
all of your bidding rules settings are stored.
Advanced Automation.
Not only can you specify how often you want
BidRank to check and change bids, but the advanced features allow you to
specify a Primary and Secondary set of Target Ranks and Bid Maximums based
on time of day and/or day of week. Basically the Primary settings are used
when inside the times that you have specified and the Secondary settings
take effect when outside of those times.
For example:
You may have customer demographics that tell you that your best ROI
(return on investment) is realized during the evening hours of 4:00 PM to
9:00 PM. Perhaps your best shoppers are those that log on from home after
work. You would set BidRank's primary automation to be in effect Monday
through Friday from 4:00 PM to 9:00 PM with a target rank of number 1. The
secondary target rank could be set to 15. This will allow you to be #1
during your best click through conversion period while saving you money at
#15 during poor ROI periods.
Gap Surfing.
Most people think of bid management as
something that keeps you at a certain rank while under a specified bid
maximum. Those that use Gap Surfing have realized that it can keep them at
the most cost-effective rank within a specified range of ranks. Gap
Surfing scans the specified range of ranks and calculates the gaps between
them. Once the largest gap is determined, Gap Surfing will place your
keyword at the bottom of the largest gap giving you the highest rank
available for the minimum increase in cost per click.
For example:
You may have a keyword for which you have determined that being anywhere
in the top three generates your desired ROI. Perhaps this keyword is
listed on the PPC Search Engine's partner sites if it is within the top
three positions. The bidding scenario could be as follows:
- #1 $0.78 www.abc.com
-
- #2 $0.47 www.pdq.com
-
- #3 $0.25 www.xyz.com
The gap between #1
and #2 is $0.31, while the gap between #2 and #3 is $0.22. The largest gap
is between #1 and #2 therefore Gap Surfing will place your bid at the #2
position for $0.48 as follows.
- #1 $0.78 www.abc.com
-
- #2 $0.48 www.yours.com
-
- #3 $0.47 www.pdq.com
Gap Surfing
also has a "Min Gap" setting so that you can determine when you just want
to be #1. The default is $0.01 which means that if each bid is only one
penny from the other, Gap Surfing will place your bid in the #1 position.
FAQ's
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