The Long Tail Keyword Myth
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You haven't even got to do that!
It takes very little time, in many industries, to build 100,000s of keywords. It is just string concatenation:
{modifier} {Size} {Colour} {Clothing item}
Adjective: buy, cheap, buy cheap, cheapest, best, quality Size: large, small, extra large, petite Colour: .... Clothing item: t-shirt, tshirt, hoodie
That's hundreds of keywords quickly.
Keyword research is something I think people overdo. You know the sorts of keywords that exist, you need to get them all into the system, and then optimise en masse.
Also, Wesley, the scrolling on the site seems to be broken/hijacked.
If you think about it, it's a trivial result. In any other industry if I tell you "I'm going to focus on increasing the ROI of 10% of our sales", you'd laugh. Why not focus on increasing the ROI of the other 90% of the sales?
However, it does depend on the account. On an account where you have the same number of 2 word keywords as 5 word keywords, of course the 5 word keywords will have a tiny tiny percentage of the impressions (say 1%). But obviously a marketer who goes for the long term strategy will tell you that you need 100x more 5 word keywords, in which case the 5 word keywords would have the same number of impressions as the 2 word keywords. But in comes the author's argument that you can do virtually nothing to manage that many keywords (we'd be talking millions here).
I would disagree with your second point though. If you take a look at the search query data you will see that over 80% of the searches come from where users have typed less than 2 words in length. Only a small number of impressions are coming from searches that are 5 words or more in length so even if you had 1 million 5+ word keywords you would never be able to get the same number of impressions as you would with 2 word keywords if that makes sense.
By all means it is possible to manage accounts with huge numbers of keywords and we regally do at Clicteq through using things tools such as Adwords Editor and Adwords Scripts, however I would argue that for doing this with 5+ words keywords is probably not an effective use of your time
No, it doesn't make sense.
10k 2-word keywords: 1M impressions/day
10k 5-word keywords: 100k impressions/days
If I now increase the number of 5-word keywords to 100k, what do you expect will happen? I expect to get abobut 1M impressions/day
Short tail keywords will still catch long tail phrases with BMM for example the two word keywords +ppc +agency will still catch a search like "ppc management agency prices in york" which is along tail search query.
If you add 1000000000 million long tail keywords to capture that 6% of long tail searches that will never = the 94% of searchers that are shorter than 4 words in length.
So 100K 5-word phrases = 6K impressions and 10K 2-word phrases = 94K impressions
Obviously two/three word keywords bring in more volume and have a higher ctr.. They include your brand name. Brand ctr is always 25% or above, and non-brand fathead keywords have much much lower ctr and impressions.
IMO all the data is suspect if you leave brand in their. As it stands its a better comparison of brand v. generic rather than fathead v. longtail.