My Google AdWords Campaign: Day 7
If you haven't read my first posting on this AdWords campaign, please be sure to visit my post entitled Google AdWords Campaign Examined.
I have an update on my progress with this campaign, and it is very good news, at least for me and my bank account it is. My total spending yesterday came out to be $39.87. I mentioned yesterday that I would not know the totals for my earnings until today. Well folks, the results are in.
I earned a grand total of $88.95 yesterday!
That's a profit of $49.08!
This is so exciting. I finally know what it feels like to make a good return on my investments. I would now like to toot my own horn for a minute. If you remember my prediction for my profits from yesterday's post, I said I should be making about $50 profit according to my campaign history and the numbers that I looked at.
Sorry, I was $0.92 cents off the mark. Ha! I guess the market trend is more predictable than we may think it is sometimes. I have been pretty amazed at the consistency in numbers when it comes to product conversions, especially when it comes to marketing online.
Here's another exciting point that I'd like to report. There are still more earnings that will be pouring in for me over the next day or two. So, when I report my earnings for a single day, that may not be the total amount of earnings associated with the money spent on my AdWords campaign for that day.
In fact, I am getting better ROI than I am reporting, so that is not something you'll hear me complaining about. I can now estimate my ROI to be around 123.10%.
For my calculation, I used the simple formula:
ROI = (Gain from investment - Cost of investment) / (Cost if investment)
So, ROI = ($88.95 - $39.87) / ($39.87) = 1.231 0r 123.1% Got it?
Hey, I'll take that any day. If I know that when I spend $100 and I know I'm going to be getting $223 back from that, or $123 profit, I would be willing to do that until the cows come home.
My new experiment began today. I increased my campaign's daily budget to $50 instead of $40 just to see if the ROI remains the same for a higher initial investment. My research has told me that often times the ROI increases as the investment goes up.
I'm hoping that holds true, but I'll be happy with a steady ROI of 120% or so. All I have to do is get some capital to invest in my campaign now and when I get paid at the end of each month, I'll just use my profits to run my advertising. That's the smart thing to do, right?
Keep checking back to my blog as I will update my progress on this increasingly exciting AdWords Camopaign.
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