To say that I am underwhelmed would not be an overstatement.
Last Monday (January 5th) was the official start date for The Arbitrage Conspiracy course. Uploaded to the site were 7 instructional videos and 3 "Bonus Jumpstart" videos, for a total of ten. I spent half a day watching the videos, and embarked on my first CPA campaigns.
Now, one of the first gripes I have is that Emmanuel (who does the teaching content) is not the world's best presenter. But then I'm sure he'd agree to that anyway. He and his partner Ayman are not marketers, they're arbitrage guys who are teaching this course as a way to "give back," according to their materials. OK. So there's some irritations here, but overall I feel Emmanuel does a decent job. He's less hyper and easier to understand than Ayman, who gets all hyped-up and who does not have (on the best of days) the greatest English (and again, I'm sure he would stipulate to that).
So, for me, regardless of the minor irritations in presentation,
it's all about content. And while there was quite a bit of content, some of it very informative, I found that – at the end of the day – some of my worst fears were confirmed.
What were these? Well, chief among them is that I know from my own experience and studies that it is
nigh-on to impossible to get cheap clicks anymore on Google. BTW, the course is being taught for and around Google (at least initially), because Google is the big dog and it's where most arbitragers (from what I understand) spend most of their time.
Some gurus
claim you can get "wholesale" clicks in the 5 to 10 cent range, which would make Adwords highly profitable for many offers it wouldn't otherwise work for (I'm getting to that). I don't even doubt that this is true, but there's something I know about the wholesale business from the real world...
It's this:
if you want wholesale prices, you'd better be buying in wholesale numbers. In other words, I suspect that in order to get wholesale click prices on Adwords, you'd better be sending thousands of dollars worth of clicks through to Google every day (or something on that order). Now let me ask you, dear reader: how many novice PPC people can spend that kind of money out of the gate? Not too many, right? Maybe big corporations can, and they'd be well within their rights to ask for wholesale prices from Google. But for you and me...
I don't think so.
So here's the problem. In the examples of "cranking" (setting up CPA campaigns on Adwords) Emmanuel gives in the Week One vids, he tells us to
"bid 25 cents." Well, that's all fine and good. Sounds great, right? I mean, you won't spend too much money at $.25 per click testing the waters. It's not like the $1 per click I've spent in the past when I've lost my shirt.
But therein lies the next problem. For those of you who don't know how Google Adwords bidding works, it's pretty simple.
The guys who bid the most get the highest placement in the paid search results (the listing on the right hand side of the page) when somebody does a search on Google. Well, for the CPA categories that I've experimented with, there isn't a single one where a 25 cent bid will even get you in the top ten – which means you don't make page one of the search results, which means
you have NO CHANCE of being seen! And if your ad isn't seen, it doesn't get clicked on. And if your ad doesn't get clicked on, your CTR (Click Thru Rate) is crap. And if your CTR is crap, then Google isn't going to cut you any slack or give you any favors on either positioning or cost.
See where I'm going here?
So, the AC Boys have told us a big, fat whopper of a lie. Because we are told in the Week One course to "crank" a bunch of campaigns out there and bid $.25 on keywords, at the most.
But so far as I can tell, it won't work. It can't work. And they should know this. Am I missing something here? It's entirely possible. Are the AC Boys holding back on important info (i.e. "trade secrets") that will not be revealed until later (if at all)? Possibly so.
Still, I consider it very poor instruction (at the very least) to
send us off on a wild goose chase that they should know is not going to work. They should have more respect for us and our time.
Having spent many hours in the past week "cranking" to no avail,
I'm pretty seriously pissed off!I don't ask for much in this world, but I do expect people who take my hard-earned money to show me some respect. All I ask is that
you don't blow a lot of smoke up my skirt, and don't waste my time. For the big money I've paid, I don't believe that's a lot to ask. And yet, that's exactly what the AC Boys have done.
FYI, I actually have eight campaigns "up and running" at 60 cents/click and more and I'm still not getting clicks because the competition for the keywords is .75, 1.00, 1.50 or more. Three of the eight are non-starters anyway, because Google doesn't like the CPA-provided landing pages, either. Nice, huh?
The AC Boys recommend "cranking" at least 2 campaigns a day to find the real winners that can be ramped up.
But so far as I can tell, this is not even possible. How can you "ramp up" when your campaigns are not producing anything at all, following the very parameters stipulated in the course?
And in case you're wondering why I haven't boosted my bids through the roof, it's really quite simple. On many CPA offers, you're making $1 or $1.50 per lead. It doesn't take a genius to see that you can't afford to spend a buck on a click when that's what you're making for every "sale" (i.e. lead generation).
At this point, I don't even have a clue as to what to expect anymore, or whether these guys even actually know what they're talking about (despite all the testimonials and "proof" provided).
They've wasted my time, told me to do something that doesn't work at all (they didn't call it an exercise, which would have been fine if that was what it was), and demonstrated (seemingly) that they aren't (by all appearances) the "masters of the universe" they claim to be.I'm getting a very bad feeling about this, and I'm sure I'm not the only one...Worse still (I consider this a major oversight), we haven't been given even the faintest guidelines of what to expect or how to measure our success/failure, such as: "You can expect a 10% optin rate if you do things right." Or anything like that. So, not only is the initial information bad – so far as I can tell – there is no way to gauge what "it should be" or what I should be able to accomplish.
So far, this is very poor instruction, and that is perhaps the best I can say about it.
As I said before, I'm thoroughly pissed off, as well as being disappointed and damn close to pulling the rip cord.
I'm not ready to quit – yet. Call me pig headed or maybe stupid. I dunno. My feeling is that I'll wait until Week Two to see what transpires...
If it doesn't get a lot better fast, I don't see how I can hang around.
I wonder how many refunds have been requested at this point? If Ayman and/or Emmanuel is reading this, please tell me – try to put yourself in my shoes – why
you would stay...