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12 Search Terms That Can Waste a Real Estate Investor’s PPC Budget (Based on Real Google Ads Data)

12 Search Terms That Can Waste a Real Estate Investor’s PPC Budget (Based on Real Google Ads Data)

$4,951.63 in ad spend. 72 interactions. Zero tracked conversions.

Those are the combined results for 12 search terms I identified while reviewing approximately one year of Google Ads data from multiple real estate investor accounts I have access to.

To be clear, these aren’t all campaigns I personally manage. The data comes from accounts I can review, giving me visibility into actual search behavior, advertising costs, and reported performance across different campaigns and advertisers.

And what stood out wasn’t a collection of obviously irrelevant searches.

These weren’t people looking for apartments, applying for real estate jobs, or shopping for their first home.

They were searching for things like “how to sell house fast,” “cash offers on houses,” and “best cash offer companies.”

In other words, searches that look perfectly reasonable in a Google Ads campaign designed to generate motivated house seller leads.

That’s what makes them worth investigating.

After more than a decade managing Google Ads for real estate investors, I’ve learned that wasted spend isn’t always hiding in obviously irrelevant keywords.

Sometimes it’s hiding in searches that appear relevant on the surface but attract homeowners who are researching their options, comparing competitors, or looking for something different from what your business offers.

A search for “how to sell house fast” might come from a homeowner who needs to sell immediately. Or it might come from someone researching how to prepare a property for a traditional listing.

A search for “cash buyer” could come from a motivated seller. Or it could come from a wholesaler looking for an investor to purchase an assignment.

Google sees related language. An experienced PPC manager has to understand the intent behind it.

And here’s the distinction that matters:

A search term can be relevant to real estate without being valuable to a real estate investor trying to acquire houses.

In this article, I’ll break down 12 real search terms from the accounts I reviewed, show how much they spent without generating a tracked conversion, and explain which ones deserve negative keywords, tighter targeting, or a different landing-page strategy.

I’m not claiming that every dollar was definitively wasted. A search terms report alone can’t establish whether an inquiry eventually became a qualified seller or a closed deal.

But it can reveal where significant advertising spend deserves a closer look.

And that’s exactly what we’re going to do.

Which Search Terms Waste Real Estate Investor PPC Budgets?

The biggest risks tend to fall into four categories: broad research searches, competitor and brand-comparison searches, ambiguous cash-buyer terminology, and searches where the homeowner may be researching a transaction rather than ready to request an offer.

That distinction matters because a term can be relevant to house selling without being the right fit for a particular Google Ads campaign.

Here’s what the actual data shows.

What We Found in the Search Terms Report

The source was a Google Ads search terms export covering November 1, 2025, through November 2, 2026, across multiple accounts.

I focused on Search campaign records associated with house-seller advertising and excluded identifiable non-seller campaigns, including land, therapy, direct-mail, and non-Search campaign types.

I also excluded identifiable AI Max campaign labels. The export doesn’t provide a dedicated AI Max settings field, so a definitive AI Max exclusion would require checking the underlying campaign settings.

The figures below combine rows with the same exact search-term wording across the eligible accounts.

12 real search terms worth investigating

Search termReported spendInteractionsTracked conversions
how to sell house fast$800.29140
ibuyer companies$794.66130
cash offers on houses$576.6150
best cash offer companies$453.3980
[market_city] cash buyer reviews$384.56120
how to sell house quickly$365.3220
best way to sell your house fast$353.2950
how much does we buy ugly houses pay$321.1230
legitimate home buying companies$264.6330
we sell houses$241.0630
cash buyer$215.8330
offerpad contact$180.8710
Total$4,951.63720

Source: Anonymized, multi-account Google Ads search terms export. These are selected examples, not a complete measure of wasted spend across the accounts. “Interactions” is the metric supplied in the export; it should not automatically be interpreted as independently verified clicks. Zero tracked conversions does not prove that no qualified seller or contract resulted.

Notice something important.

Several of these terms aren’t obviously bad.

That’s precisely why they deserve a closer look.

1. “How to Sell House Fast” — $800.29 Spent, Zero Tracked Conversions

This is the kind of search that can fool an otherwise reasonable campaign strategy.

A homeowner wants to sell quickly. You buy houses quickly. The intent seems aligned.

But the wording matters.

“How to sell house fast” is a question about the process.

The searcher might want to learn how to price a property, prepare it for sale, choose an agent, or avoid delays.

They may not be looking for a cash buyer yet.

That doesn’t make the search irrelevant. It makes the intent less specific than a query such as “cash home buyers in [market_city].”

In the uploaded report, this exact search term generated $800.29 in spend across 14 interactions without a tracked conversion.

What I’d do

First, review the campaigns and keywords that triggered it.

If the term is appearing in a high-intent campaign built specifically around cash-offer requests, I’d consider excluding the exact query or moving it into a separate research-intent test.

If the business has a strong educational landing page that explains direct-sale options, it may still be worth testing.

But I wouldn’t let it consume the same budget as proven cash-buyer searches without evidence that it produces qualified sellers.

Verdict: Test separately or restrict—not an automatic account-wide negative.

2. “iBuyer Companies” — $794.66 Spent, Zero Tracked Conversions

This one is more nuanced.

A person searching “ibuyer companies” is clearly researching businesses that purchase homes.

That sounds relevant.

But an iBuyer isn’t necessarily the same thing as a local real estate investor buying distressed or off-market properties.

The searcher may be comparing institutional home-buying platforms, researching service availability, or looking for a particular type of offer experience.

If your business specializes in buying houses that need major repairs, the expectations created by an iBuyer search may not match what you offer.

The term generated $794.66 in spend across 13 interactions without a tracked conversion.

What I’d do

Review whether the account actually serves the same seller profile as an iBuyer.

If not, isolate the term rather than allowing it to match freely into your main motivated-seller campaigns.

A dedicated landing page explaining how your buying process differs from an iBuyer might be appropriate for some investors.

For others, the better decision is to exclude it.

Verdict: High-priority intent review; often a poor fit for distressed-property campaigns.

3. “Cash Offers on Houses” — $576.61 Spent, Zero Tracked Conversions

At first glance, this sounds like an ideal motivated-seller query.

But the phrase is ambiguous.

Someone could be researching how cash offers work when buying a house.

They could be evaluating whether to accept an offer on a property.

Or they could be looking for a company that will make a cash offer on their own home.

Those are three different situations.

In the report, this term consumed $576.61 across five interactions without a tracked conversion.

That’s a meaningful amount of spend for a query whose intent isn’t immediately clear.

What I’d do

Inspect the matching keyword, ad copy, and landing page.

If your ad promises “Get a Cash Offer for Your House” but the searcher wants to understand cash offers from buyers, the message won’t necessarily align.

Consider whether a more specific positive keyword such as “cash offer for my house” provides better intent alignment.

Verdict: Tighten targeting and evaluate query-level performance before excluding.

4. “Best Cash Offer Companies” — $453.39 Spent, Zero Tracked Conversions

This is a comparison-stage search.

The homeowner may be evaluating several companies before deciding whom to contact.

That’s not bad intent.

In fact, comparison-stage sellers can be valuable.

The problem is that they may have a different set of expectations from someone who searches “sell my house as is today.”

They may want reviews, proof of legitimacy, pricing comparisons, and an explanation of fees.

A generic landing page with a headline and a short form may not give them enough information.

The report shows $453.39 in spend across eight interactions without a tracked conversion.

What I’d do

Check whether your landing page answers the questions this search implies.

Why should the homeowner trust your company?

How does your offer process work?

Are there fees or commissions?

What happens if they decide not to accept?

If the page doesn’t address those concerns, the problem may be the experience after the click—not necessarily the keyword.

Verdict: Keep under review; consider a trust-focused landing page.

5. “[market_city] Cash Buyer Reviews” — $384.56 Spent, Zero Tracked Conversions

This is a branded review search.

The person is researching a specific cash-buying company.

That can signal genuine seller interest, but it doesn’t necessarily mean they’re looking for your company.

The report shows $384.56 spent across 12 interactions without a tracked conversion.

Competitor review traffic deserves special attention because it can be expensive without producing much incremental value.

A homeowner searching for reviews of a particular buyer may already be in that company’s sales process.

Your ad has to overcome a very specific expectation.

What I’d do

Separate competitor-brand searches from your core nonbrand motivated-seller campaigns.

If you intentionally target competitors, evaluate them as their own acquisition strategy.

Don’t let competitor searches quietly consume the budget allocated to homeowners looking for cash buyers generally.

If competitor advertising isn’t part of the strategy, use carefully scoped negative keywords.

Verdict: Separate into a competitor campaign or exclude.

6. “How to Sell House Quickly” — $365.32 Spent, Zero Tracked Conversions

This is another informational search.

The homeowner may want to sell fast, but they haven’t necessarily decided how.

They could be exploring an agent, auction, pricing reduction, direct cash sale, or another approach.

The term generated $365.32 in spend across two interactions without a tracked conversion.

With only two interactions, I wouldn’t declare the query inherently unprofitable.

But I would question why a broad informational search received that level of spend in a campaign focused on generating motivated seller leads.

What I’d do

Review the matching keyword and bidding strategy.

If the campaign is intended to capture homeowners ready to request an offer, this search may belong in a different funnel stage.

A lower-priority educational campaign could make sense if you can measure whether those visitors eventually become qualified sellers.

Verdict: Restrict or move to a separate research-intent campaign.

7. “Best Way to Sell Your House Fast” — $353.29 Spent, Zero Tracked Conversions

This query has the same underlying issue as the previous two informational searches, but with a stronger comparison element.

The homeowner wants to understand their options.

They may not yet have chosen a cash sale.

That’s an important distinction.

Someone researching the best way to sell might be weighing maximum sale price against convenience, speed, and repairs.

A real estate investor’s offer may be a good fit for some of those homeowners—but not all.

The report shows $353.29 in spend across five interactions without a tracked conversion.

What I’d do

If you want to target this search, give the homeowner an honest comparison of selling options.

Explain the tradeoffs between listing, selling as-is, and requesting a direct cash offer.

If your landing page only says “We Buy Houses Fast,” it may be skipping the question the homeowner is actually asking.

Verdict: Better suited to an educational funnel unless conversion data supports direct-response targeting.

8. “How Much Does We Buy Ugly Houses Pay” — $321.12 Spent, Zero Tracked Conversions

This search is about pricing expectations.

The homeowner may be evaluating whether an investor offer would be competitive.

They may also be researching a specific national home-buying brand.

Either way, they’re asking a different question from someone searching for a local cash buyer.

In the report, the query generated $321.12 in spend across three interactions without a tracked conversion.

What I’d do

Determine whether the campaign is intentionally targeting branded comparison searches.

If not, consider an exact or narrowly scoped phrase negative.

If you do target these searches, the landing page should explain how investor offers are calculated, including property condition, repairs, holding costs, and the convenience of an as-is transaction.

Avoid making unsupported claims about what a competitor pays.

Verdict: Separate branded comparison intent from core seller-intent traffic.

9. “Legitimate Home Buying Companies” — $264.63 Spent, Zero Tracked Conversions

This is one of the more interesting terms in the dataset.

It suggests the searcher may be concerned about trust.

And that’s reasonable.

Selling a house is a significant financial decision. Homeowners should verify who they’re dealing with before signing anything.

A person searching for legitimate home-buying companies may be a real seller who wants reassurance.

The report shows $264.63 spent across three interactions without a tracked conversion.

What I’d do

Don’t immediately classify this as irrelevant.

Instead, examine your credibility signals.

Does the landing page identify the company?

Are reviews genuine and verifiable?

Is the buying process clear?

Can homeowners understand how to evaluate an offer?

Do you explain that requesting an offer doesn’t obligate them to sell?

A trust-focused search deserves a trust-focused response.

Verdict: Potentially valuable; audit the landing page before adding a negative.

10. “We Sell Houses” — $241.06 Spent, Zero Tracked Conversions

This phrase illustrates how a small wording difference can change the audience.

“We buy houses” describes a company purchasing properties.

“We sell houses” may describe a brokerage, home-selling service, real estate business, or a brand.

Those aren’t the same thing.

The term generated $241.06 in spend across three interactions without a tracked conversion.

What I’d do

Unless the phrase is a deliberate target with demonstrated seller-lead value, I’d investigate it as a negative keyword candidate.

It can indicate an audience mismatch rather than a homeowner looking to receive a cash offer.

Be careful with the scope of the negative.

You don’t want to block legitimate searches containing “sell my house.”

Verdict: Strong negative keyword candidate for most direct-to-seller campaigns.

11. “Cash Buyer” — $215.83 Spent, Zero Tracked Conversions

This may be the most deceptively ambiguous term on the list.

A homeowner might search for a cash buyer because they want to sell.

But so might a wholesaler looking for someone to purchase an assignment.

An agent could be searching for a buyer.

Another investor could be building a buyers list.

Without more context, the phrase doesn’t clearly tell you which side of the transaction the searcher is on.

The report shows $215.83 spent across three interactions without a tracked conversion.

What I’d do

Prioritize more explicit homeowner phrases such as:

  • cash home buyers near me
  • sell my house for cash
  • cash offer for my house
  • companies that buy houses as is

These aren’t guaranteed to produce qualified sellers, but they communicate seller intent more clearly.

I’d keep the standalone “cash buyer” term isolated until the account demonstrates that it produces the right inquiries.

Verdict: Restrict broad targeting; validate seller intent before scaling.

12. “Offerpad Contact” — $180.87 Spent, Zero Tracked Conversions

This search has a specific navigational purpose.

The person appears to be looking for contact information for Offerpad.

They might be a homeowner.

But they’re looking for a particular company.

That makes the search very different from “cash home buyers near me.”

The report shows $180.87 spent on one interaction without a tracked conversion.

One interaction isn’t enough to establish a long-term performance pattern.

But it is enough to warrant checking why a campaign paid for a navigational search involving another company.

What I’d do

If you’re not intentionally running competitor campaigns, consider excluding the exact query.

If you are running competitor campaigns, keep their budget and reporting separate.

Make sure your ads accurately represent your own business and don’t imply an affiliation with the competitor.

Verdict: Strong exclusion candidate outside an intentional competitor strategy.

What These 12 Search Terms Actually Tell Us

The selected terms spent a combined $4,951.63 without a tracked conversion.

But I wouldn’t publish that figure as “$4,951.63 definitively wasted.”

That would overstate what the report proves.

A search terms export tells us what searches triggered ads and what the advertising platform recorded.

It doesn’t tell us whether every call was answered, whether a seller was qualified in the CRM, whether someone returned through another channel, or whether a contract closed months later.

What it does show is where advertising spend deserves investigation.

And the patterns are clear.

Intent categoryExamples from the reportMain risk
Informational researchhow to sell house fast; how to sell house quicklyHomeowner may not be ready to request an offer
Company comparisonbest cash offer companies; legitimate home buying companiesLanding page may not address trust and comparison needs
Competitor or brand navigation[market_city] cash buyer reviews; offerpad contactSearcher may specifically want another company
Ambiguous transaction intentcash buyer; cash offers on houses; we sell housesSearcher may not be a homeowner looking to sell

These aren’t four categories of keywords to automatically block.

They’re four categories to manage differently.

That’s where effective search-term optimization begins.


Why Broad Match Can Make These Problems More Expensive

Broad match can be useful.

But it requires careful oversight, especially when you’re advertising in a market where the same words mean different things to different audiences.

Take the word “buyer.”

To a homeowner, a buyer is someone who might purchase their house.

To a wholesaler, a buyer may be an investor on their cash buyers list.

To a retail homebuyer, the word refers to someone shopping for a property.

Google Ads uses matching and contextual signals to determine which searches are eligible for your keywords.

According to Google’s keyword matching documentation, broad match can serve ads on related searches even when the query doesn’t contain the exact wording of the keyword.

That’s why a campaign can drift into searches that sound related to real estate but don’t match the business objective.

The solution isn’t necessarily to eliminate broad match.

It’s to use it only where the account has the targeting structure, conversion measurement, and search-term review process needed to manage the additional reach.

A campaign optimized toward unqualified form submissions can learn to generate more unqualified form submissions.

A campaign supported by accurate qualified-lead data has a better basis for evaluating which searches produce meaningful seller opportunities.

Which Search Terms Should Become Negative Keywords?

Here’s where I’d be careful.

A lot of PPC advice treats negative keywords like a cleanup exercise:

Find a term with no conversions. Add it as a negative. Move on.

That’s not how I’d manage a serious real estate investor account.

A negative keyword can prevent wasted clicks.

It can also block a search that might have generated a profitable deal.

The decision should depend on intent, campaign purpose, and evidence.

Recommended action matrix

Search term or patternInitial recommendationWhy
we sell housesConsider exact negativeLikely audience mismatch
offerpad contactConsider exact negativeNavigational competitor intent
[market_city] cash buyer reviewsIsolate or excludeCompetitor review intent
how much does we buy ugly houses payIsolate or excludeBranded pricing research
cash buyerRestrict and investigateBuyer-versus-seller ambiguity
ibuyer companiesSegment or excludeDifferent buying model and expectations
how to sell house fastSeparate research-intent testInformational but potentially relevant
how to sell house quicklySeparate research-intent testInformational but potentially relevant
best way to sell your house fastSeparate research-intent testComparison-stage intent
cash offers on housesTighten targetingAmbiguous buyer/seller context
best cash offer companiesTest trust-focused pageCommercial comparison intent
legitimate home buying companiesTest trust-focused pageCredibility-focused seller research

These are review recommendations, not a universal negative keyword list.

Before applying a negative, inspect the search term’s matching keyword, campaign, geography, landing page, historical performance, and available CRM outcomes.

Why negative match type matters

Google Ads supports broad, phrase, and exact negative keywords, but negative matching works differently from positive keyword matching.

For example:

  • [we sell houses] targets the exact negative phrase.
  • "offerpad contact" blocks searches containing that phrase in the same order.
  • A broad negative can block searches containing all its terms, even in a different order.

A careless negative can block legitimate homeowner searches.

Google also notes that negative keywords don’t cover every synonym or close variant automatically.

Review the official Google Ads negative keyword guidance before building account-wide exclusion lists.

How to Find Wasted Spend in Your Own Real Estate PPC Account

You don’t need a massive account to uncover these problems.

You need a repeatable process.

Here’s the workflow I’d use.

Step 1: Open the Search Terms Report

In Google Ads, navigate to the Search terms view for the campaigns you want to evaluate.

Start with a meaningful date range.

For lower-volume real estate investor accounts, a 60- or 90-day window may be more informative than looking at the last seven days.

Use longer periods when you need enough data to identify patterns.

Step 2: Separate Campaign Types and Business Objectives

Don’t mix motivated-seller Search campaigns with land acquisition, direct-mail marketing, therapy, or unrelated services.

Also review AI Max settings separately if you want a conventional Search-only analysis.

Each business objective needs its own definition of relevant traffic.

A term that’s valuable for a land investor could be irrelevant for someone buying distressed single-family homes.

Step 3: Sort by Cost and Review Zero-Conversion Terms

Start with the terms that have consumed meaningful spend.

But don’t assume every zero-conversion search is bad.

A search with one expensive interaction provides much less evidence than a search with repeated interactions over several months.

Look at the volume, intent, matching keyword, and campaign history.

Step 4: Classify the Searcher’s Intent

Ask one question:

Is this person likely to be a homeowner exploring the sale of a property we want to buy?

Then classify the search:

  • Direct seller intent.
  • Informational seller research.
  • Competitor or brand research.
  • Ambiguous buyer/seller intent.
  • Clearly irrelevant traffic.

This classification determines whether you exclude, segment, test, or retain the term.

Step 5: Review the Landing Page

Sometimes the keyword is relevant but the page is wrong.

A homeowner researching “legitimate home buying companies” may need reviews, company information, and an explanation of the buying process.

A homeowner searching “sell my house as is” may want a straightforward cash-offer request.

Sending both to the same generic landing page may limit performance.

For practical improvements, see our motivated seller landing page optimization guide.

Step 6: Check Qualified Leads, Not Just Google Ads Conversions

If your CRM tracks lead quality, compare search-term performance against actual seller outcomes.

Did the person own the property?

Was it inside your acquisition area?

Did the homeowner genuinely want to sell?

Was an appointment scheduled?

Was a contract signed?

Google’s enhanced conversions for leads documentation explains how eligible offline conversion data can be connected with advertising interactions.

This is important because a search that produces several forms but no qualified sellers may be less valuable than a search that produces fewer inquiries and more legitimate opportunities.

Step 7: Make Changes at the Right Level

Not every negative belongs at the account level.

A term might be inappropriate for a high-intent cash-offer campaign but worth testing in an educational campaign.

Use account-level negatives for consistently irrelevant concepts.

Use campaign- or ad-group-level negatives when the intent is only inappropriate for part of the account.

And keep a record of changes so you can evaluate what happens afterward.

The Real Cost of Poor Search-Term Management

Let’s say your Google Ads account spends $5,000 a month.

If you remove irrelevant traffic, you don’t automatically save that money.

Google Ads may continue spending the budget on other eligible searches.

The benefit comes from reallocating spend toward searches that have a better chance of producing qualified sellers.

That’s an important distinction.

Negative keywords don’t create motivated sellers. They help reduce the number of times you pay to reach the wrong audience.

You still need compelling ads, appropriate landing pages, reliable conversion tracking, and an acquisitions team that can turn legitimate inquiries into contracts.

This is why I wouldn’t judge a PPC manager by how many negative keywords they added last month.

I’d judge the strategy by whether the account is getting better at producing qualified seller opportunities at an acceptable cost.

How SoarSEM Approaches Real Estate Investor Search-Term Optimization

A real estate investor doesn’t need more website traffic for its own sake.

It needs conversations with homeowners who may be willing to sell properties the business actually wants to purchase.

That requires more than choosing keywords that contain “house,” “cash,” or “sell.”

It requires understanding what the searcher is trying to accomplish.

At SoarSEM, the approach to motivated-seller Google Ads management centers on that distinction:

Search-intent analysis: Separating direct-sale intent from general real estate research.

Search-term reviews: Identifying queries that consume spend without supporting the acquisition objective.

Negative keyword strategy: Excluding irrelevant searches without unnecessarily blocking legitimate seller demand.

Campaign segmentation: Managing competitor, informational, and direct-response searches according to their different roles.

Landing-page alignment: Matching the homeowner’s question to the information and next step on the page.

Qualified-lead measurement: Evaluating campaign performance against meaningful seller outcomes when reliable CRM data is available.

The goal isn’t to make the search terms report look cleaner.

It’s to make the acquisition pipeline more productive.

If you’re spending money on Google Ads but aren’t sure which searches are helping your business, see how SoarSEM manages PPC for real estate investors.

Find wasted spend in your account—and put your budget to work attracting the right sellers.

Frequently Asked Questions

Which search terms waste real estate investor PPC budgets?

Common risks include informational house-selling searches, competitor-brand searches, ambiguous cash-buyer terminology, and queries that don’t clearly indicate homeowner selling intent. However, a term should be evaluated using campaign context, spend, conversion data, and qualified-lead outcomes before being excluded.

Should real estate investors use broad match keywords?

Broad match can be useful when supported by accurate conversion tracking, disciplined search-term reviews, and a clear seller-intent strategy. It can also expand into ambiguous or irrelevant searches, so it should be managed according to actual lead quality rather than raw conversion volume.

Should I add “how to sell my house fast” as a negative keyword?

Not automatically. It’s a relevant but potentially informational query. If it consistently produces unqualified traffic in a direct-response campaign, consider restricting or excluding it. If it produces qualified sellers through an educational landing page, it may deserve a separate campaign.

Are competitor keywords worth targeting?

They can be, but they should be evaluated separately from nonbrand motivated-seller keywords. Competitor searches may have different intent, conversion rates, and costs. Ads must accurately represent the advertiser and comply with applicable Google Ads policies.

What is the difference between a keyword and a search term?

A keyword is what an advertiser targets in Google Ads. A search term is what a user actually searched when the ad was triggered. Reviewing search terms helps identify whether keyword matching is reaching the intended audience.

How often should I review search terms in a motivated-seller campaign?

Review frequency should reflect spend, traffic volume, and campaign maturity. Higher-spend or newly launched campaigns generally need more frequent checks. Lower-volume accounts may require longer reporting windows to make reliable decisions.

Can negative keywords improve cost per qualified seller?

They can help reduce irrelevant traffic, but the outcome depends on how the budget is subsequently spent. Measure qualified seller volume and cost after changes rather than assuming fewer irrelevant searches automatically means better performance.

Why does my Google Ads campaign get leads that aren’t motivated sellers?

Possible causes include ambiguous search intent, overly broad matching, poor landing-page alignment, weak qualification, inaccurate conversion tracking, or campaigns optimizing toward raw form submissions instead of qualified seller outcomes.

Research note: The 12 search terms and performance figures in this article come from an anonymized multi-account Google Ads export dated November 1, 2025–November 2, 2026. The examples were selected to illustrate seller-related intent and search-term management risks. They are not a representative industry benchmark, and no individual client results or identities are disclosed.

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