Google’s AdWords Select(tm) Groundbreaking Program (Part 2)
Keywords costs can vary tremendously ranging from $.05 to $11. USD or more per keyword - Google assigns a “minimum cost per click” for specific keywords based on “market value” and “performance history” via Google’s AdWords Select program history. Be prepared to pay a much higher rate for very popular keywords and this is a moving target all of the time - the more popular this program becomes the more you will be forced to pay for selected popular keywords.
Creating your Sponsorship Ad
Your Ad’s position is based on a combination of the CPC (”Cost per Click”) you selected and relevancy of your ad - if your ad and keywords are relevant and drive clickthroughs, then your ad will rise in position on the sponsored column versus your competitors. This is an innovative feature and helps to distinguish Google’s program from all other PPC (”Pay per Click”) campaigns (Overture and their primary competitors) - most of these programs have an “economic bias” built into them; i.e. whoever pays the highest fees gets the top placement.
