In a big week of changes to contextual advertising Jen posts that Yahoo! are now adding dynamic image ads to their contextual advertising line (original source of information). Things are certainly hotting up in terms of competition between Yahoo and Google in advertising – hopefully publishers will be the winners).
Search Engine Journal has a good post on how to work out how much to charge for text ads on your blog. It comes at a perfect time for me as I’ve had a number of emails recently from webmasters asking how much I charge for links. The article suggests the following criteria might be helfpul to keep in mind as you consider how much to charge:
1. PageRank of Site (poor measurement, but probably still worthwhile)
2. PageRank of Page
3. Site Position in Top 50 Results for Primary Term (TLD)
4. Page Position in Top 50 Results for Primary Term (Page specific)
5. Number of External Links on Page
6. Site Flavor from Google (shows theme)
7. Date of Cached Snapshot of Page (shows spidering frequency)
8. Primary Topic of Page Extracted via Yahoo! API (Then conduct C-Index with target term)
9. Alexa Rank (again, poor measurement, but probably worthwhile)
10. External Links to Site (Using Yahoo! LinkDomain Search)
11. External Links to Page (Using Yahoo! Link Search)
12. Internal Links to Page vs. # of Internal Pages
13. Type of Link (customizable text, directory listing, banner/image, etc.)
14. Location of Link (content section, advertising section, navigation area, footer, etc.)
Read more at Text Link Pricing Criteria
Head over to BlogKits and fill in the survey there if you’re interested in helping them research what blogger think about ads on their blogs. The survey is easy to use and quick (took me 5 minutes) and will help to create a blog ad system that is useful and profitable for bloggers.
They’ll be offering three options for running ads on your blog:
- Ads directly on your blog
- Ads in your RSS Feed
- Podcast Advertising (not available yet).
It is a pretty smart move on both party’s parts. Whilst bloggers could already access the first option with Adbrite (I’ve been using them for a year or more on some of my blogs) this partnership will put Adbrite into contact with a whole new range of publishers that the previously had no access to. It will also be one of the first options for RSS advertising – beating some of the major ad networks to the punch.
Found via Blog Herald
Duncan has a great post on DIY Blog Advertising which is well worth the read for anyone who is contemplating finding advertisers for the blogs. In it Duncan cuts through some of the terminology and gives some valuable tips (some of which I’d known a few months ago).
I particularly like Duncan’s advice on setting the price for your advertising:
‘Setting a charge for your advertising is often the hardest part of the process. Everone thinks their blogs is worth millions, and I can tell you that some try to charge that way. There is, however I fine line between charging a premium amount and an amount that it too low.
Last year I was approached by an advertiser who wanted to sponsor the Blog Herald and wanted a whole lot of advertising in return. Massive banners 728×90 banners, exclusive run of site the whole thing. I put forward an offer and I was basically laughed at it. The response was that they could get $1 CPM elsewhere for a similar deal and why would should they pay more here, this despite them being the ones approaching me. Suffice to say it was an interesting lesson, both in that advertising wasn’t worth as much as I’d expected (particularly when you’re talking exclusive rights) and that advertisers can be fickle.’
‘John Cate, vice president and national media director for Carat Interactive, said clients such as TiVo and Pfizer will each be given a three-part blogging “starter kit,” introducing them to the increasingly influential world of blogs.
The kits will instruct each client on how to effectively monitor blogs within their purview, advertise on appropriate blogs, and actually blog themselves. “This practice won’t be right for all of our clients,” said Cate. “We’ll have to access the landscape, and determine who can sustain a dialogue and who can’t.”‘
I’ll be interested to see how companies respond to Carat with this kit – particularly if and how many take up the advertising approach (especially with my recent advertising experience in mind).
Are you a media buyer or seller that wants some work? This might be a good post for you to read to the bottom of.
One of my biggest frustrations as a single practitioner blogger is that I have to get my head around multiple areas of expertise. I’m a writer, an editor, designer (I do outsource a lot of this), PR person, marketer, tech person (I outsource some of this) media seller, search engine optimizer and strategist – all wrapped into one.
I’m becoming more confident in most of these roles but am aware that I have a lot to learn in most of them – particularly in the area of selling advertising space on my blogs.
I now have a blog that is attracting semi-regular requests from large companies, ad agencies and media buying groups about advertising with me. This is both an exciting prospect (the money involved in these transactions is great) but also incredibly frustrating and stressful. You see I have little experience in selling advertising on this scale.
The most recent of these requests was for a two month campaign, the figure I could quote up to was five figures, with a large multinational company. I was dealing with a media buying company who were very encouraging. However the negotiations broke down simply because of my inability to get my head around the complexity of what was require to make the campaign happen – to put it most simply it was out of my league.
It was complex on some of these levels:
I find it interesting to see that MSN Spaces is now adding advertising to their blogger’s blogs. In a way if makes sense – they have 4.5 million users, even if it was just the users themselves who saw the ads thats significant exposure – let alone all the readers.
I’m surprised however not to see much reaction from bloggers about this yet. When I first heard the news I thought that there might be a bit of an outcry from MSN spaces users who resisted the idea of MSN using their blogs to make money for themselves without giving them anything but a free space to write. Perhaps I’ve missed these sorts of blogger’s posts – has anyone seen any? Update: in digging around I’ve now found a few but not as many as i’d have expected.
I’m also a little intrigued by MSN’s business model in comparison to Blogger’s (owned by Google) who used to have their Adsense ads on every free Blogger blog but who removed these ads about 18 months ago for some reason. I’ve always wondered why they removed these ads – Did they just not work? Were bloggers protesting too much? Do the search boxes that they now put on blogger blogs pay more? Or do they hope that every blogger in their program will add their own Adsense ads and blog better and smarter if they give them the chance to earn a share of the revenue.
I’ll be interested to see how this strategy goes for MSN Spaces and am especially interested to see if they offer a paid version where bloggers can opt out of the ads or even a system of sharing revenue on advertising with bloggers using some sort of system like Adsense.