Google Adwords PPC
Google Adwords PPC or paid placement has revolutionized the manner in which buyers are connected to sellers online. Virtually any business can benefit from this model of consumer advertising given its capacity to surgically targeted pre-vetted consumers. That is to say consumers who have; by the mere fact that they’re searched for a given string of keywords on the Google search engine; an understood interest in your product or service offering (assuming you’ve targeted keywords that accurately and honestly reflect the qualitative nature of your company’s product or service offering).
The reason Larry Page and Sergey Brin are both billionaires is the aforementioned revolution their search technology unleashed upon the advertising world. Of the billions of daily searches people perform daily – from Albuquerque to Zambia – a percentage (in the region of 1 to 10%) click on the sponsored text ads on the top or right hand side of the search engine results page. Each time this is done, the entity advertising pays Google. The amount they pay is decided by an auction process. And that, kids, is how Google earn the vast majority of their corn.
The beauty of this system is the transparency and free market led shaping of those prices. What’s more is the assurance the advertiser is given that, at the very least, they’re only paying for the exposure they are given. So unlike old media – magazine advertising, television ads, billboards etc. – there is the assurance of a measurable form of exposure. Add to that the world class measuring tools Google provide advertisers with free of charge (Google Adwords, Google Analytics and so on) and you can see how the visionaries behind the Google Money Minting machine have effectively filled a gap of inefficiency that few even considered there but a decade ago.