April 1, 2008
The Money Bomb
I was inspired by Obama and Ron Paul. Grandfather Howard Dean and Joe Trippi must also be proud of my accomplishments.
Early this morning we (that being Fixion Media) launched a pilot program at Blabbermouth.net enabling independent artists and record labels to share in the cost of advertising. Much like Google ads, except branded and far more relevant, our shared Indie banner template shatters the barrier of entry for clients of all sizes.
Here’s an example campaign from the original story posted by Blabbermouth.net:
Double Banner Features:
- Shared banner (2 ad spots available per banner)
- More than 50% discount compared to “non-Indie” banner campaign
- Top-of-page “Leaderboard” placement alongside other premium advertisers
- Your ad rotates within a BLABBERMOUTH.NET-branded double banner frame
- Ad Specs: 350px x 70px - GIF, JPG, or Flash - Max 50KB File Size
- Click here to view a demo of the Double Banner.
Campaigns ranged from $75 to $150 USD.
The long and short of this story is that it was our goal to sell 10 campaigns in 48 hours. It’s a quick blitz; a cash infusion that is certainly scalable. Less than 24 hours in and we’ve closed 7 deals. This being a new campaign offering for Fixion Media at Blabbermouth.net, interest may be yet to peak. We don’t know yet. The important part is that we will likely meet our target by this evening.
But the experiment in itself was to test the “top down” versus “bottom up” donation strategy used frequently by politicians these days. Rather than sell our inventory to the higest bidder–which in remnant terms is nothing short of an insulting figure–we have looked to the community that is loyal and familiar with Blabbermouth.net. Visitors include all types of music fans and a significant porition of the rock/metal industry that find value in the site’s content and reach. In this case we wanted to know how much support we could count on only from the grassroots. The “top down” strategy in our case would have been to max out our leads, max our existing client buys, and seek new clients externally. The “bottom up” strategy allowed us to listen to the community and listen we did.
Publicly the comments on Blabbermouth.net’s message board have been very insightful. Mind you, it didn’t help that it’s April 1st. Some called this out as a joke but in any event it helped generate some added buzz on the side.
The most important part of this experiment: we now have 7 great new clients and hopefully more will decide to be more aggressive in the digital marketing space–especially first timers.
The real trick to keeping this momentum going a la Barack Obama is to keep POW-ing our client base (a la Andy Nulman). We have to keep innovating and building new products to further complement the needs of Indie advertisers. Soon enough you won’t be seeing Classmates.com ads or Google Ads anymore. And that’s music to my ears.
Filed under: Fixion Clients, Case Studies, Publisher Side, Vertical Ad Networks, The Future, Music Industry, Leadership
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