Hi Christy, and the rest of the gang!
Christy, I haven't had any additional expenses over and above AdWord Analyzer and GoogleCash.
Once I pared out some general keywords, my CTR's combined have been well over 2-3% on some days. Some campaigns are less than 1%, others are near 3-5%. For most campaigns I opt out of AdSense.
My profits so far are not hefty - around $50 a month. I've been running 3 basic campaigns for 2 months, adding 1-2 per month after testing a few for no more than 5 days.
I see big potential...but I believe you have to keep re-reading Google Cash to get in the groove. Also, it seems to me that you have to get your feet wet at the 5 cents per word for a bit, then jump into the more expensive keywords once you know how to analyze your figures and breka-even points. The biggest payouts are, of course, in the most competitive keywords.
HOWEVER...Christmas season is coming up. I'm currently researching some things I think will be big sellers. You never know!
To answer your other question, I'm just using AdWords for affiliate sales (watch out for those popups). Soon, I'll try it to drive traffic to my website.
Thanks, everyone, for recommending my affiliate link. I really appreciate it! And by the way, Christy, I emailed Chris Carpenter (author of Google Cash) with some questions after I bought the product, and he was SUPER helpful. I also emailed Jeremy of ww.googuide.com and got some good information from him as well.
Parting thoughts: Definitely read Henrik's review of AWA but realize a great benefit is the number of Google campaigns per keyword that come up; utilize AdWord's keyword suggestion tool to refine your campaign; use brackets "[ ]" around certain keywords to make sure you don't get impressions you don't want; TRACK, TRACK, TRACK (I do it in Excel) and TEST, TEST, TEST; set a budget per campaign that won't break your bank; and don't get discouraged. Try setting up 1-2 new campaigns a week. That's 8 a month. I find about 1 out of every 3-4 I try is profitable.
GOOD LUCK! Please keep us posted!
Cate