Adwords is no different than any kind of advertising… You need to spend money first to make money…
You will eventually (no specific timeframe; depends on the person) reach a point of break even and then move beyond.
I base the amount of money I spend on the commission… or should I say the lowest commission. If you can make between $25 and $10,000 then I would spend $25…
UNLESS, I think there are still things I haven’t tried to make it work.
When I first started out using the Google Cash method over a year ago, I spent hundreds of dollars to finally get to my brake even…
I probably spent… trying to remember… $2-300 to get to profitable campaigns. Up to that point I was way in the hole, but then the campaigns started to be profitable (I was making more than I was spending) and that gap closed and I surpassed it and made up for the initial loss.
You WILL get to a point where you will spend less than you make.
Everyone ends up in a different spot:
Might be:
$5000 per month Expenses/$5000 Profit
$250 per month Expenses/$5000 Profit…
Either way you are making the same profit. You will have a cash reserve to pay for your advertising eventually and skim your profit off the top to give yourself a salary.
If I stopped all my experimental campaigns right now I would have a decent residual income. BUT I take a lot of my profits and reinvest it into new campaigns.
In the beginning reinvesting your earnings is essential.
I don’t want to discourage anyone from pursuing this biz. BUT, you may have to spend money before you make money… not always… some I know strike it rich right away by lucking out and finding the gold campaign. Each of our results will be different…
You know what keeps me at it? My successful campaigns. Listen this morning I entered a sale into my handy dandy Campaign Tracker and looked at the ROI of that campaign… 1400%!!! Now that’s what I call a return on investment… Actually I think it’s actually higher; that’s just this month.
That keeps me going.
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