what is best way to get cheapest bids in adwords?

i am trying to get the lowest but good bids in my adwords account..please tell me how can i do that..but i don't want to compromise quality wise..i am doing it just to avoid excessive competition for the famous keywords in money making..any idea would be appreciated..thanks

Keep experimenting til you find something and remember others are doing the same. Everyone's playing the same game so it's a big matter of getting lucky with timing. Once people figure out there's money, they flock to it and the money dries.

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