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Pay per click (PPC) is an Internet advertising model used on websites,
in which advertisers pay their host only when their ad is clicked. With
search engines, advertisers typically bid on keyword phrases relevant to
their target market. Content sites commonly charge a fixed price per click
rather than use a bidding system.
Cost per click (CPC) is the amount of money an advertiser pays search engines
and other Internet publishers for a single click on its advertisement that
brings one visitor to its website.
Although many PPC providers exist, Google AdWords, Yahoo! Search Marketing,
and Microsoft adCenter are the three largest network operators, and all
three operate under a bid-based model. Cost per click (CPC) varies depending
on the search engine and the level of competition for a particular keyword.
The PPC advertising model is open to abuse through click fraud, although
Google and others have implemented automated systems to guard against abusive
clicks by competitors or corrupt web developers. Position King has partnership
arrangements with Google, Bing, and Yahoo.