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Making money with Google Adwords has become very popular. It's the new trend that took the Internet by storm. Affiliate marketers are constantly researching new niches, keywords and competition to monetize the traffic from Adwords. Profiting from the 'Google Gash' game was much easier just a few years ago. Cost per click keeps going up each and every month. Below I have listed some Adwords strategies that can help affiliate marketers maximize their earnings.

1. Bidding On The Exact Name Of The Product

This method is very effective and can bring substantial profits very quickly. Basically, affiliates can bid on the exact name of the product and profit from other affiliates advertising efforts. When a product is popular there are a lot of people searching for it on Google to find out more information, read reviews, or even bonuses offered by affiliates. If you choose to try this method, you should research other affiliates to see what exactly they are doing and what bonuses they are offering. Next construct a review page of the product and offer a better bonus package. Using this method you are going to pay more per click, because the traffic is highly targeted.

2. Creating Site-Targeted Campaign

With this method you can target the exact pages where you want your ads to appear. Of course the publisher must display Adsense ads on their site. First of all, you need to find websites relevant to the product or service you are selling. Do a search on Google for the keyword phrases that would potentially bring in sales. Next make a list of all the web pages that display Adsense on the first and second page of the search results. This ensures that the website you are going to display ads receives high quality traffic. Next create a 'site targeted' campaign targeting the pages you just researched. With this method you could end up paying less than 0.05 per click if your CTR is performing very well.

3. Using Huge Keyword Lists

Using this strategy you must create a big list of relevant keywords for your product or service. The key to making this method work is to find many low searched keywords with little or no competition. Utilizing the method you could get away with paying cents per click instead of dollars. You should get yourself a keyword research tool that will help you find relevant keyword phrases. I highly recommend Keyword Elite software for this project.

4. Monetizing On Big Product Launches

This is probably the easiest way to make money using Google Adwords. Basically, you will need to watch for next big product launches by some of the big marketers. Some of the product launches generate a ton of searches on Google on the day of the launch. Once you spot one, you should bid only on the name of the product on that exact date. You could also give away some bonuses to increase your sales. This method can bring quick and easy profits due to the fact that there is almost no competition on the date of the launch.

The above strategies are just some of the most popular ways to easily monetize on the traffic from Google Adwords. You should always monitor your CTR (click through ratio), Cost Per Click, and conversions.