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May 28, 2012, 05:16:03 PM |
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I was really hoping bitcoinadvertisers was going to blow away the competition like it was promoted to do. But the images aren't showing up on my site and I've yet to receive any reason why.
That's a technical issue I am sure will be worked out, but the biggest thing working against bitcoinadvertisers is Andrew. He hasn't done anything to piss me off, but he's clearly not putting in any effort to be helpful and courteous to others. The other biggest problem is his insistence to use this CPC method. I think the CPC method is highly flawed. It opens the door to potential fraud and policing, and then legitimacy issues. I use Google Adsense and to this day I really think they're a ripoff, both for advertisers and publishers.
To be honest, my favorite method is the one Operation Fabulous uses. I really think it's an intelligent system. The problem is it seems to be over most people's heads. I know that's a dick thing to say, but I don't think most people see the brilliance in it.
When I designed my website at dailyanarchist.com I put a column in the middle of the page that could be filled with tower ads. Originally my intention was to sell direct advertising spaces from top to bottom. How much a person bid would determine how high their ad was placed on the page. It was pure auction style. This means that each advertiser is getting the most bang for their buck, never overpaying for ad space, and the publisher's income is not dependent on how enticing an ad is to click on. For example, some advertisements are boring and nobody would want to click on them. Then the publisher isn't making any money on that ad if it's CPC. But if it's auction style the success of an ad is dependent on the advertiser, like it should be.
But a lot of people are frustrated by OF's auction style format, because they say they have to keep checking in on their ad to see if it's up or not. What they don't get is that they aren't supposed to have to check in at all. You simply find a website you want to advertise on, place your MAXIMUM bid for how much you would be willing to spend per day, or in other words your MAXIMUM CPM, and then walk away. If someone outbids you you don't have to go back to out bid them, because you already put your MAXIMUM bid in. If you are the winning bidder you don't need to adjust your bid because you're automatically paying the lowest amount possible, just above the second place bidder.
Anyways, it's a brilliant system that most people don't understand, and because of that it doesn't get used very much, which means the possibilities for publishers to make money suffers.
The only way I could see bitcoinadvertisers salvaging this whole thing is if they switch to a CPM method and Andrew just completely stops posting on this forum. His mouth is his greatest enemy especially when dealing with an inherently untrustworthy method of payment like CPC.
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