Frequently Asked Questions - Dynamic Bid Maximizer™
| Q: | How quick can BidMaximizer achieve my Target Position? | | | A: | Before answer this question, please refer to "Understand How BidMaximizer works with Google Adwords" for more information.
How quick you can acheive your target position will control by the "Preserve Value" under the "Keyword Property/Options" setting. If you want to increase or decrease your bids quickly, please set a high figure for "Preserve Value".
For example, your Current Position is #5 and your MaxCPC is $0.30, and you want to be #1 position. Let’s assume that to bid to #1 position, you need to raise your MaxCPC to $0.50. Here is how it works:
1. If your "Preserve value" is 0.01(by default), the program will use this formular to calculate your new MaxCPC:
New MaxCPC = (5 - 1) * 0.01 + $0.30 = $0.34
in this case, the program will increase your bid amount $0.04 each time until you reach your Target Position #1 at $0.50. To achieve this, the program needs to perform 5 updates. If you set your Scheduler interval to update bids every hour, it may take 5 hours to achieve your target position.
2. However, if you set your "Preserve value" to $0.05, the program will increase your bid by $0.20 each time:
(5 - 1) * 0.05 = $0.20
or
New MaxCPC = (5 - 1) * 0.05 + $0.30 = $0.50
as you can see above, the program only takes one update to achieve your Target Position #1 at $0.50.
Please NOTE: the program will use the same logic when dropping your position.
For example, if your Current Position is #1 and you want to drop your position(for example, when use Set Back Position option) to #5.
In first sample, the program will drop your bid by $0.04 each time and it will take 5 updates to drop your position to $0.30. However, the second sample will only take 1 update by $0.20 to drop your position to $0.30.
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Related Questions
| » | I change my tracking URL in Google Adwords, however, the Dynamic Bid Maximizer wipes out all the changes and re-set them to default URL when I run AutoBid. Is there a way to not have it alter the URL? |
| | » | Why my position is not showing up on Google Adwords or why the ’Current Position’ is blank when I’m doing a look up in Dynamic Bid Maximizer™? |
| | » | How does Dynamic Bid Maximizer™ control my position on Google Adwords? |
| | » | How do I make my ads appear more often? |
| | » | What happen if my Destination URL is different to my Display URL? |
| | » | What is Google Adwords API? |
| | » | Why can't I see the "Competitor Listing" information on the bottom section of the BidMaximizer screen? |
| | » | Understand how BidMaximizer works with Google Adwords |
| | » | When I search on Google, my ad is showing up, but when I perform a Keyword Look Up in BidMaximizer, my ad is not showing in the "Competitor Panel", why? |
| | » | How quick can BidMaximizer achieve my Target Position? |
| | » | My Target Position is #1, I run BidMaximizer once, but it does not change my position to #1, why?
(I just start to use BidMaximizer for my Google Adwords and I want to be #1 position. I run the AutoBid, but my ad still stay on #5, why?) |
| | » | Most of my keywords have a #1 position before using BidMaximizer, after use BidMaximizer, some positions have dropped, why? |
| | » | How can BidMaximizer save money for me for Google Adwords? |
| | » | Is BidMaximizer able to import “Adgroups” into my Google Adwords account?
(Or can I create new AdGroups with BidMaximizer?) |
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