From the category archives:

ask anna

Ask Anna: What Do You Think About iSocket?

by anna on November 4, 2010

New here? You may want to subscribe to the (free) ABDPBT Personal Finance RSS Feed. For an explanation of how RSS subscriptions work, please see this explanatory post. Or, you can also sign up to receive new ABDPBT Personal Finance posts by email (also free).

Ask Anna Q: What do you think of this iSocket thing? A guy there told me they’re “interested in my vertical” (why thank you, sir!) and all this other stuff. I had filled out a thing on their site not thinking that I had enough traffic to really join up. Now they’re talking about the next step and I’m realizing I don’t even know how it works. I do feel like there might be more growth potential than with [my current network], but it’s also just the simple truth that I don’t want to work very hard. What is your impression of this operation and is it a good idea? I thought of you and figured you would have an opinion.

Ask Anna A: I met the iSocket guys at BlogWorld and enjoyed talking to them about their product. I think iSocket is a good product, but the truth is that I have mixed feelings about its utility within this niche (ie the mommyblogging niche). On the one hand, the service has a real utility, and for the right site, they would make a lot of sense. First let me explain what iSocket does, in case people haven’t heard of them yet: it is a way of making the process of buying private ads on your site self-service, and technologically hassle free, so instead of having to email back and forth with people who want to buy private ads, and then mess around with code, the advertisers can just buy it directly and all the publisher has to do is approve the ad. This kind of funcitonality is already available in some services (for example, you can do it with my site through BlogAds), but the difference with iSocket is that they don’t take a commission on each ad. Instead, they take a monthly fee. This may seem like a small distinction, but if you are a site that is selling a large number of private ads each month, this can lead to a ton of money staying in your pocket, which is why iSocket has a real utility for some sites.

Here’s the catch: I do not think this niche is, generally speaking, going to have a bunch of publishers who should be signing up with iSocket. At present, there are not many mommybloggers who are regularly selling enough private ads on their own to justify the monthly expense of iSocket. The smallest package available is for sites with traffic up to 500,000 pageviews, and most mommybloggers never even get to that level in the whole of their careers, and even if they did, they aren’t selling enough private ads to justify paying for a service to manage their ad sales. I have been in contact with the guys at iSocket about this and I think we just don’t agree on this point, which is fine, but in my mind $49 is a lot of money to pay, at least for many of the people who are out their in the trenches selling private ads within this niche. The people with high traffic in this niche tend to not sell private ads, though for the life of me I will never understand why they don’t.

Here’s how to decide if iSocket is right for you: Do you spend more than $49 worth of time dealing with the technological aspects of managing private ads on your site every month? Personally, I do not. I also have the luxury of already having a self-service ad management system on my site, and so I know that there’s really not much of a reason to install iSocket — though I’ve made some sales through that function on BlogAds, most of my BlogAds come through their ad sales team, and that’s why they get a commission. Please note that at present there is no ad sales team with iSocket, so you are not going to just get ads by signing up with them, either — they are not a typical ad network in that sense, at least not at present. I will not be using iSocket on my site right now because it doesn’t make fiscal sense for me right now, but I do think it’s a good product in general. My thoughts are that there are a few sites, mostly in the design community who could really benefit from iSocket, but I cannot really think of any within the mommyblogging niche that are likely to greatly benefit offhand, though I might be incorrect on this.

As a parting note, Google recently launched a private beta version of this kind of ad management system. It is not available to everyone at present, but if things continue as they usually do, my guess is that iSocket will get purchased by Google and this will all be free at some point anyway. This is all totally unsubstantiated conjecture on my part, obviously.

blogads

Ask Anna Question:
I only recently started putting ads on my site, I’ve noticed that you’ve started to use BlogAds . . . would you say that BlogAds might be a better way for a blog my size to start out? I don’t think I’m in a position to hunt down sponsors on my own yet . . . — Carolyn

Ask Anna Answer:
BlogAds works a little bit differently from other display ad networks in that they might require the site on which they run to “sell” them a bit more. You do get some ad sales just by virtue of being featured on one of BlogAd’s hives (e.g. parenting, entertainment, politics, etc.), but they really are not much of an option for a blogger just starting out for a couple of reasons, the most important of which is that it probably will be hard to get into the network right out of the gate unless you have a connection with them or have crazy high traffic. I have not checked on this recently, mind you, I’m just basing this on historical facts — traditionally, BlogAds has been kind of choosy about who they let in and has kept their membership to a referral basis. When I first started blogging, they were not accepting new members and I did not even try to get into the network. What happened recently . . . [cough] was that I was in need of new representation [cough], and I sent an email and it turned out that we were a good match.

BlogAds is a good match for a mid-range blogger (say 75K through 500K or higher, when combined with other CPM network options too): you get a higher cut of earnings (as much as 70%) but you don’t have as much of a guarantee of running ads. You have a higher rate of return, so if you have a good readership, you might find people on your site buying ads from the widget you host (you get an even higher cut if they do that than if companies go to the BlogAds site directly and buy them there). This is a better deal for somebody like me than a network can offer. It’s not a good deal for a newbie, even if they let newbies in, because you just don’t have the traffic yet to support it. Similarly, it’s not an ideal situation to use *exclusively* for somebody with super high traffic, because although you do have the traffic to support selling the ads in the first place, you want a high CPM thing running in that space if you can get it — because there’s only so much money you can sell a sidebar ad to a small company for: they just cannot afford to buy a placement for $10,000 or whatever. BlogAds are kind of a sweet spot niche company for somebody like me, or to fill in the gaps on a big site like Perez Hilton.

You get a bigger cut, but you also don’t have as much of a guarantee of running ads. So, in short, it’s probably not a great option for a smaller site, no, because you have to have more traffic just to get the ads in the first place.

Incidentally, I’ve been getting a lot of these kinds of questions lately about the nuances between different ad networks, and some of the questions I can answer from personal experience, others I have to research, but I’m going to do my best to create some kind of guide so that people can have a place to go to figure this stuff out when trying to make the best decision for monetizing at the various stages of their blog’s growth. Anyone who wants to help by giving me info on their own experience (confidential, of course) can do so by emailing me (anna at abdpbt View definition in a new window dot com).

One last word: regarding hunting down sponsors, I believe that you are always in a position to start doing this. You can still do it while running network ads, you’ve got nothing to lose, and experience to gain, Sounds cheesy, but it’s true.

Hey everybody, we’ve got a new featured blogger ad up and running! Please check out carolyndraws.com in the sidebar (Carolyn is a former art director so I wasn’t surprised that she sent me a gorgeous ad, and her illustrations are really fantastic, no kidding.) ASAP! If you’d like to participate in the ABDPBT Featured Bloggers Program, please email me and I’ll put you on the waiting list.

this is not me

Last Monday, I posted a list of recommendations for small bloggers looking to monetize. The recommendations I made prompted a few questions regarding timelines and what kind of results to expect, and as I began to answer I realized that perhaps it would be better to just write a post on the topic. In July, it will be two years since I first launched ABDPBT, and though the blog has since grown into four different sections, I have learned quite a bit since then about what it means to approach blogging as a business. Though there are countless other people who have been doing this for far longer than I have been, I am one of only a handful of people who started blogging as a business endeavor from day one and who have worked at it full time since then. Below are some observations and advice based on those two unusual characteristics of my blogging experience.

  1. It takes almost two years really gain traction.

    People want to start blogging and hit it big yesterday. There is no one-size-fits-all answer for how long it take to hit it big, but look at it this way: Dooce View definition in a new window was blogging for five years before her husband quit his job, and Ree Drummond published her cookbook after about three years of full-time blogging. Those are the two meteoric success stories of the mommyblogging world, and they are hardly overnight success stories, so you shouldn’t expect to be any different. In fact, you should expect it to take longer, if anything.

    I think it is something like two years before anything tangible is likely to start happening.

    This doesn’t mean that magically after two years, you are huge or an “A-lister” or that everybody loves you and you’re being invited to speak at conferences, represented by Federated Media, and have a book deal. But if you are working very hard and consistently, beating down every doorstep and not taking no for an answer, over and over again, for two years, you will have gained some traction and have a readership in that time.

    At almost two years, there are many people who, maybe they don’t actually read my blog, but they at least know this blog exists by now, they are aware enough of its existence to be annoyed by its name. That’s with updates of not every section of this blog every day, but at least a few times per week, going to two or more conferences per year (even though these sometimes give me anxiety), keeping up with tons of other blogs (commenting when I can), returning emails (always), returning comments on my site (nearly always), returning @-replies and DMs on Twitter (very often), responding to PR solicitations (often), offering to help PR people when I think I can help them find people who fit their products better than I do (occasionally).

    I consider this my career and treat it that way, even when I don’t want to — like the past few weeks, when I’ve kind of wanted to escape it. I have faced it. And even then, success isn’t handed to you overnight. It takes a ton of work. I rarely think about how long it is going to take, perhaps that is because of my background. But people who think that bloggers who are fabulously successful like Heather Armstrong View definition in a new window and Ree Drummond are just lucky are sorely mistaken: it takes a ton of hard work and time to get where they are. You will probably have to work even harder.

  2. You have to bring something new to the table.

    It’s really easy on the outside to see a blogger who is successful and think, “I can do that.” Maybe you can. But they did it first. What are you going to do that is different? Because they’re already doing it. We don’t need another one of them. We don’t even need a better one of them, necessarily. We need a different something.

    The easiest thing to do is to just figure out whatever it is that makes you you and make that your thing. Like for me, maybe being a pain in the ass critic is not necessarily something that you would consider an asset, but look, nobody can do that like I can. So that’s my thing, and that’s what I built this site around, different aspects of that, and my life. And all of the parts of the site feed into that. Nobody else is doing it because, well, nobody else can do it — and would they want to? And there’s a purpose to it, and there’s a market for it, and it allows me to do what I do best, and I can go through the web and be me, even if I have to take heat for it sometimes, I never have to hide who I really am, or worry that somebody will figure out that the way I present myself doesn’t really match my personality.

    If I have one piece of advice to give a new blogger it is this: try to make you “online brand” match your real identity as much as possible — to the extent that you can control this. They don’t have to be the same thing, necessarily, but try to keep them from totally clashing. Discrepancies between the two can really cause problems down the line. This might not make sense to you now, but later on it will — you need to have a brand that allows you to be true to yourself, or else you won’t want to stick with it for as long as blogging takes to turn into a money making endeavor.

  3. Very few can make it on display ads alone.

    Very, very few bloggers can make a living solely on display ads. There are some who do: Dooce, Pioneer Woman, MckMama, and some others (Nie Nie?) I believe. But even those ones are plagued by the problems we have seen with ad networks being able to meet their ad inventory demands in a down market. You have to have crazy traffic to do so: I’m going to estimate that the point at which it becomes a full time income (when using an ad network, that is) is somewhere over a million pageviews per month, though this would depend upon where you live. If you live in Los Angeles, it would probably be several million pageviews per month, but elsewhere in the country, perhaps only 750K would be enough. If you sell private ads on your own, you might be able to make a full time living before that point, and if you broker your own placement deals, you definitely could make it long before that. The point is: display ads, at present, are only an option for full time income for a small portion of bloggers with very high traffic levels. You might be one of those people some day, but you have to be in it for the long haul and you have to really put in your time and be willing to sacrifice to get there. It is not going to happen in a year. It might not happen in five years. It might not ever happen.

  4. There must be some kind of EVENT View definition in a new window (over which you have no control) that brings you to the next traffic level.

    This is the very cynical part of my analysis that is going to make everyone cringe, but when has this ever stopped me from doing anything in my life? If you look at the few people who have reached the very very high traffic levels, the ones who have a full time income from display ads, they all have some kind of EVENT that got them there with one very notable exception. That EVENT includes a firing for writing about a job on the internet that was covered extensively in mainstream media (Dooce), the heartwrenching struggle with sickness of child (MckMama), a horrific near-death accident that was covered by mainstream media and subsequent triumph of the human spirit recovery that was covered by Oprah (Nie Nie). The exception to this is Ree Drummond, who I think bypassed these through masterful use of marketing to get the word out about her site, and kept people around because the content was good and everything spread through word of mouth until mainstream media finally caught on within the past year. My point is not to lessen the merit of these bloggers but rather to call attention to the importance of these EVENTs in bringing up their traffic to income-generating levels. Without those EVENTs — over which a blogger cannot have any control — the blogger’s traffic might not ever have reached the traffic at which it currently resides. (And yes, I know I will be attacked as “heartless” for saying this.)

  5. You must be an entrepreneur first, writer second. At some point in the history of the blogosphere, it might have been the case that you could end up finding yourself at the helm of a very profitable blog without a plan, but this is not the case anymore. Do I consider myself to be a writer? Yes. I always have been. When I was a child, I wanted to be a writer. But if you want to turn a blog into a money-making endeavor you need to think of yourself as an entrepreneur first and a writer second. Hopefully you have skills in both areas, and about eighteen other areas as well, because you are going to need them. Being a good writer is not enough. In fact, it’s not even necessarily required. There are tons of good writers, and not all successful bloggers are necessarily the best writers. If what is most important to you is to write, then just write. If you want to find a market for your writing, then blogging is a good way of doing that, but you will have to be willing put your artistic needs in the backseat on occasion to get stuff done. This does not mean it’s not important. It just means that there are many ways of being creative. The great thing about building a blog is that you never know which way you’re going to be able to express your creativity next.
  6. Related Posts with Thumbnails
  • Page 1 of 2
  • 1
  • 2
  • >