Learn From My Mistake – Don’t Leave Money on the Table!

Have you ever found that you’ve been leaving money on the table? It’s a frustrating feeling and one that many of us can relate to. I discovered that I’ve been doing it for the last few months – here’s my story.

I run Chitika Premium ad units on some parts of my blogs – particularly at my photography site on single pages. One ad unit that I’d had running for a while now was one that appeared above posts whenever anyone from the US arrives at my site from a search engine.

I like these ads because they don’t appear to regular readers arriving from RSS feeds, newsletters or other sites – just those people coming in from Google – PLUS the ads that show are contextual ads to the search that the person has just performed.

I’ve always found that the ads convert pretty well – but this week I realised that for months now they could have been converted ALOT better.

I made this realisation by making one simple change to one ad unit – here’s what happened to my earnings on that ad unit when I made the change.

Yep – the ad unit had been averaging around $37 a day – but in the few since making the change it’s earned around $108 a day on average – around 3 times as much!

Considering I’ve had the ad running for quite a few months now – I’ve been leaving money on the table.

OK before I tell you what change I made (and it’s so simple that I’ve been kicking myself for a week now) I want to really emphasise the take home message here – even though it is so very obviously –test your ad units!

Here’s the thing – the chitika ad that I did have in this ad position used to perform to the best of its ability. I’d previously tested it and made sure it was working well. However Chitika added a new option to their premium ads – an option that I ignored. In actual fact someone from Chitika told me to make this change months back – I got distracted (life’s busy) and never got around to doing it.

While I feel pretty stupid and am completely aware that I’ve cost myself thousands by not making this change earlier – I know I’m not alone.

Many bloggers are in the same boat. We put ads on our blogs, get them to a point where we think they’re well optimised and then move on to work on other aspects of our blog without ever coming back to make sure things are still performing at their highest potential. Ad networks change their offerings, add features and sometimes blogs just change and things that used to work well no longer do.

The lesson here is to revisit your ad units and to test if there might be someway to increase their performance. You might not see the tweaks you make bring in $70 a day like my one did – but over time the small tweaks add up!

What was the change I made?

The change was so simple – I just made the Chitika ad unit bigger. The ad unit I used to have on there was a 468×180 pixel sized ad. The new one is a 550×250 pixel ad unit. It’s considerably wider (it now takes up almost the whole width of my content area) and a little deeper.

It does push the content down the page a little but as it’s only impacting search refferal traffic and the content is still above the fold user experience isn’t impacted that much – but the ad performance is so much better (with 3-4 times the click through rate depending upon the day).

from : http://www.problogger.net/archives/2009/10/17/learn-from-my-mistake-dont-leave-money-on-the-table/