What is the optimal bid level?
- Check first our Mobile Volume and Bids or Desktop Volume and Bids to get an idea of market prices.
- Adjusting your bids make you gain traffic and be more competitive. To do so, work out from the "position" parametre (see more on "Campaign Optimization" tutorial).
- Powerful bid adjustments are obtained once your campaign is tracked correctly AND you have activated the Goal management. Now, your stats show you a Key variable: the EPC (Bid you could have made to gain more traffic, being profitable):
For example, let's say your campaign has a conversion value of $2.Let's say you bid at CPC=$0.001, and bought 1.000 impressions ($1 spent) on one source that generated one conversion. Then your EPC is calculated at 0.002.So next time you buy traffic you will get 1000 imps faster, spending 2usd and reaching your target conversion value.Well, what you need to do, is to adjust your CPC to your EPC, as it will allow to buy traffic according to its profitability for you.Same applies on the other side, if you bid too high, then lower your CPC to the EPC level.You should do this especially by subIDNote: You can setup "autobid" so this functionality is applied automatically. But be careful, and optimizer sometime can lead you into the wall, so do put a limit on your campaign ($500 to $600, not less) and see how it behaves.