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biophase
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Hi Biophase,
Thanks for helping us out.
Here is my dilemma. I found a product with roughly 50% margin and which sells for around 30 $. The keyword research in Adwords says 670,000 global searches and 110,000 US searches. How does that sound? How would I estimate how many sales I could make? I don't have a site up yet, so I would like to get a feel if this is the right product before I get into Google analytics and PPC campaigns.
Cheers,
Mike
Hi Mike,
I don't use too many statistics, but an easy way would be 110,000 monthly searches, assume that #1 spot gets 40% of the traffic so you would get 44,000 hits. Assume a conversion rate of 1% and you'd get 440 sales a month. With a $15 profit, you'd make about $6,600 a month.
This could be your expected #1 ranking profit starting point and you can adjust your numbers from there.
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