adbidding - bidding for text links from $0.01
Adbidding is the notion of bidding for a text link; logic dictates that your links are only worth what people will pay for them and this is the embodiment of that concept. Users will enter basic credentials and bid for a well placed link on your site (on Seopher.com it's at the very top-right, underneath the search).
How it works
It's really very simple. Bidding starts at $0.01. If you want that slot click on the "click here..." bit of the advert and it'll take you to the bidding page. From there you enter your email address, what you want the text-link to say (and where it should link to) and enter a bid value.
If your bid is higher than the current one then you are assigned an "authorisation number" (explained later) and invited to pay for the advert using Paypal - as a trusted third party. Once your payment is completed you are directed back to this site and invited to enter your "authorisation number" and email address to confirm your listing. Enter both correctly and your bid is #1 on the site. Nice and quick, cheap and painless.
Why this is good
Well, Text-Link-Ads value my links at $35 a piece (for a standard link on the right hand side in the "sponsored listings" list). This way you get to determine the value of that leading advertising slot. This is good because it means you can get an excellent text-link spot for $0.01.
So if I bid $0.02 when there's one up at $0.01, I win?
Absolutely. All you need do is bid $0.01 above the current link and you've got yourself a great ad spot.
It's still in a really early phase but I've rolled it out onto the site to get some feedback. So please, feel free to put a link up there and give it a go. Please leave me feedback either in comments or email variety. I'm thinking that if it's a good idea, it might end up as a Wordpress plugin... You never know.
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