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Although Pay Per Click (PPC) has made online advertising expenditure relatively transparent (you know exactly how much you need to pay to get a certain position and is relatively easy to track), Pay Per Click (PPC) is becoming very costly as keyword prices are spiralling upwards and accusations of click fraud has meant that many companies are paying for clicks that are not generated by genuine customers, but by competitors or affiliates.
Whilst Pay Per Click's are a relatively new phenomenon, recent research has shown that, on average, the top two 'natural' search engine listings usually receive around 50% of the clicks on a search results page. The average click through for Pay Per Click advertisements is around 2%.