I am running a campaign for about 1-2 weeks. My CTR is around 3%-4%. I want to start lowering my bids but I don't want to lower it to the point where I lose my position. What is a good strategy in doing this?
Yep, don't bother playing with the bid amount, unless of course you want to rank higher, work on your pathetic CTR though!
You can bid $50.00 per KW if you want, what you pay is a combo of CTR, quality score, and your competitors bid, but your competitors bid don't mean shit if you keep improving your ads and CTR.
usually what i do is decrease my bid within 5 cents range, once a day, depends if the position is 1 - 3.. but if 'bid below first page' comes up, i stick with the bid.