Re: How much to invest in adwords to test the waters?
I would start with a low budget, just to test the water.
Turn on the accelerated display, and your ad's will still be constantly displayed until your budget is used up. You can then increase your budget if you wish.
If you use normal display with a low budget, google will only show your ad's now and again, to try and spread the ad's display over the course of the day. Accelerated display won't do this, so is an ideal way to test the waters without spending huge amounts of money.
You don't necessarily need a high budget with adwords, and with affiliate ad's where you have a very low margin, you can't usually afford a high budget. As an example, my most campaign has a daily budget of £10, and I don't usually use even 50% of this. However, it still gives very good returns.
Remember that upping your budget is not an instant solution to more sales. I`ve posted the above before, and people have said "why just have a £10 budget, spend more!". However, the campaign is not scaleable. If I set a £20 budget, I wouldn't get a lot more sales because the search levels aren't there. As I don't hit my £10 budget, theres no point upping it to £20, as it won't make any difference. If I was constantly hitting the £10, then I would raise is it.
Adwords is one of the easiest ways to lose money there is! If a campaign goes off track you can quickly spend hundreds of pounds, and found that you've made very little. Best to go in cautiosly with a low budget. If you use that up, and had good results, then increase it. If you don't have the results, look at whats going wrong. Sometimes it's things that you have no control over, and you should just try something else.
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