Tracking & optimisation · also called keyword reporting, term-level reporting, query-level reporting
Keyword-level reporting
Keyword-level reporting breaks down clicks and revenue by the individual keyword or related search term the visitor clicked on the landing page.
A lander might show six search terms. They are not equal. One may attract most clicks; another may attract few clicks that pay five times as much. Keyword-level reporting shows, for each term, how often it was shown, how often it was clicked, and what it earned.
This is the main optimisation lever on the selling side of search arbitrage. Revenue per visit is the sum of each term's click rate times its value, so replacing a weak term with a strong one raises earnings without buying a single extra visitor. It also guides the buying side: knowing which terms pay tells the buyer which angles and audiences to pursue.
The data comes from the feed or feed provider and is joined to traffic data in the tracker; trackers advertise this as "EPC per keyword". Detail is limited by privacy thresholds and by what each feed exposes, so low-volume terms may show nothing. On Google's related search, a publisher may suggest terms through the terms parameter, but Google decides which are shown and may discard those it finds irrelevant, and RSOC policies forbid choosing terms merely because they pay well.
An example
Say 450 keyword clicks split as: "roof repair quotes" 200 clicks, $180 ($0.90 each); "roofing materials" 150 clicks, $60 ($0.40); "roof pictures" 100 clicks, $30 ($0.30). Total $270. The third term earns a third of the first per click.
Related terms
EPC (earnings per click)
EPC is average earnings per click sent, a term borrowed from affiliate marketing that trackers use for revenue divided by clicks.
Keyword
A keyword is the word or phrase that triggers search ads, either typed by a person or passed to the search feed by a web page.
Related search terms
Related search terms are clickable search suggestions shown on a page, each of which opens a results page of ads for that phrase.
Terms parameter
The terms parameter is an optional field in a Google related search request where the publisher lists its own suggested search terms, separated by commas.
Tracker (campaign tracking platform)
A tracker is software that records every click an arbitrageur buys, matches it to the revenue it later earns, and reports profit by campaign, ad and keyword.
A/B testing
A/B testing is showing two versions of something to randomly split, similar audiences at the same time to learn which performs better.
Sources: ClickFlare: Search arbitrage tracking, Google AdSense Help: Related search for your content pages