TommyCarey
Level X3
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When I say a bidding platform for selecting and paying for advertising spots won't work, I'm not referring to adwords or Yahoo!/Bing advertising.
I'm currently using a small start up advertising company and they have some decent sites listed as their publishers, but they system is severely flawed. I don't really want to post the system here, because it's in the early stages and I don't want to post bad PR for it.
The system I'm talking about is one that only rewards the highest bidder. I placed a banner on a website and was the highest bidder in the US, Europe, and everywhere else in the world. After a few days I got an email from the platform to let me know that I have been outbid and my ad was removed. I literally said "WTF?!?!?! I just funded my account with $50 and now I have to watch this sh*t every day?!?!?!?!" Yeah, if you're like me you want to pay for an ad placement and let it run it's course. You don't want it to be loaded and then you get an email saying you're ad has been removed.
So after I raised my bid I was the top bidder again. Of course I could set a high amount that I want to bid, but I don't exactly trust any new advertising system. I don't trust them right off the bat because they could be sending me automated notifications that I've been outbid just so they can get me to come in and increase my bid so they make more money, but that may not be true.
A system like this will not work because you're only focusing on the one website, person or company that has the highest bid. You're basically putting everyone in competition to get that one spot for their banner ad and in the end you'll just create frustration and people will leave. I'm actually about to stop using the system because my bids are almost double of what I started with 
Now if there was some kind of rotation system in place that allowed me to bid and get a percentage of the views, I'd be happy with that. The only thing is that they system would have to set it up so that the top bidder can only get a maximum of 75% of the views just so that the smaller guys can get a banner up and see the results. This will also increase the revenue of the company because people can bid low to test a out an ad spot and if they like it they will increase to take that 75% placement.
This is all just me theorizing about a banner advertising platform, so it could be completely wrong lol
If you want to know the platform just PM me and I'll let you know.
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https://www.seoclerks.com/user/Razzy
Thanks,
Razzy
So getting 250+ clicks and only one sale doesn't seem right to me. Either they are fake clicks or the clicks are only coming from India. I'm targeting the entire world, but my main target is the USA and Europe. So something doesn't make sense just yet.
Yeah, I don't want to bash them just yet because they're new. I know that when I launch a website or service it's not always 100% flawless, so I don't expect other people to be perfect right out of the gates :D
I really hope it's not bots that are upping the bids. The good thing is that I can check who is beating me for the spot because I can just go to the website and see where the banner is aimed. Click the banner and then I find out exactly who is paying for the ads :D
The platform itself doesn't get a ton of traffic I think. It's the websites that are listed as publishers that get the traffic in which I'm trying to profit from. I added $50 because I was targeting 2 different ads and I was going to put $30 in to one and $20 in to another. I didn't split it evenly because one gets more traffic than the other and I wanted to see if I could capitalize on the larger traffic source first.
I haven't seen many conversions from this traffic. I think I've gotten around 250 unique clicks and one conversion out of it. And if you've read any of my previous posts you know that I'm not a novice in the marketing category so my banners are set up so that people know exactly what they're getting into before they click :D So getting 250+ clicks and only one sale doesn't seem right to me. Either they are fake clicks or the clicks are only coming from India. I'm targeting the entire world, but my main target is the USA and Europe. So something doesn't make sense just yet.
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(I won't take more than 5% commission for the idea. ;))
Well.. Just imagine what would happen if SEOClerks would have decreased the featured slots, to let's say 5 slots and make people bidding for them. - With a starting price of $375. - I bet people would bid like crazy.
And fortunately, that won't happen on SEOClerks, but I feel sorry for people who run businesses like this. It's a poor and flawed system and people using things like this are usually ending up with nothing but holes in their pockets. - Sad but true.
That being said, you've mentioned several times that they are new and all, so perhaps things will be better in the near future. However, to me, it sounds like you're throwing money in a pond.
Btw, wouldn't that be a cool thing to do. Have 1 featured slot on SEOClerks per month/week or even per day, open for bids? :D (I won't take more than 5% commission for the idea. ;))
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MusicMoguls
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