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Bear in mind that there is a vast amount of clicking on "wasted" adverts, i.e. paid adverts which would have been the top result of an organic search anyway, e.
by m-i-l 6y ago
Bear in mind that there is a vast amount of clicking on "wasted" adverts, i.e. paid adverts which would have been the top result of an organic search anyway, e.g. eBay spending $20M a year on ads targeting the keyword "eBay", which they thought was great because it appeared to give a $245.6m return on investment, until they switched it off for a bit and realised they got pretty much the same traffic and conversion rate without the massive advertising spend[0].
[0] https://thecorrespondent.com/100/the-new-dot-com-bubble-is-here-its-called-online-advertising https://thecorrespondent.com/100/the-new-dot-com-bubble-is-h...