I recently set up a goclick campaign to test adsense arbitrage. I know alot of people have grief with 2nd and 3rd party PPC. So i decided to see for myself.

 Goclick has much lower traffic than adwords so you need alot of keywords. I have 12000 keywords promoting a single landing page. Apart from the colours and ad locations the page is not optimized.

The page content is not dynamic so it doesnt match the keyword list and nor do the adsense ads on it. I will try a dynamic page with dynamic ad matching next. That should see my traffic and clickthroughs go way up.

 I set my clicks at 1 cent initially and got almost no traffic. Then i set my max bid to five cents to see if the traffic would pick up. I got 50 bogus clicks very quickly. Seeing this i lowered my max bids to 3 cents. Now i have traffic that is clicking my ads.

So its a matter of initially finding a balance between cost per click/click fraud and the amount of traffic. I suspect the fraudsters cant be bothered with the cheaper clicks.

 Right now i only have channels set up on this but will apply some tracking scripts and use dynamic tags next.