Just want to stop by and say that I used this service back when jedberg was here talking about it (a month ago or so I think) and was really happy with it.
I had some problems with their credit card processor and they (being reddit) responded to my emails withing a few minutes until we were both sure that everything was as it should be (this was impressive to me because I was spending such a small amount of money).
That and it ended up costing me about $0.10 CPC - considerably less than I remember spending on google ads back when I tried them. The lottery system really scared me, but it ended up working out pretty well. I'd definitely recommend it to anybody else.
People say that redditors are a terrible market to advertise to (they use adblock, etc.) but I disagree. I think they'd probably be a terrible audience to market to if you're selling teeth whitener or pyramid scheme "Google pays me $1000/hr from home!" things, but if you've got something useful to show them (like a webapp that they would like) then you're going to be buying a lot of eyeballs for not a lot of money.
All-in-all try it out - I was really happy with it.
I tried it as well. I have to say the best part was having comments enabled on my ad. I got some good feedback from members (if not a few posts advertising competitors) and even answered some tech support questions in the thread. Combine the fact it was dirt cheap and the bounce rate was insanely low (60%!) compared to things like StumbleUpon or AdWords, and you've got a no-brainer on your hands.
Agree. Once tried to order something from Newegg with a European credit card (I'm in the US at the moment) and after ordering I got an email that I canceled my order. I had to go the customer chat room and chat with one of their guys to find out they do not allow foreign credit cards. Went to Amazon and purchased the same product without problems. That was a $100 loss for them and I'm sure I'm not the only one.
I don't think that's likely to be an issue in this case because the ads are not presented in a standard ad format, instead they are part of the usual list of reddit items.
Yeah, probably not good for ad-based sites, but those usually don't have high enough revenue/user to make advertising cost effective anyway.
For a cool new consumer product or service that makes money directly, though, this could be great. When I tried it, the CPC was very low. Whether it's worth it depends on how good a fit the thing you want to advertise is with the audience of Reddit.
I guess it would be a good way to get some interest in a new service, thinking of it similar to a HN review my app post which you can keep at the top for more than a couple of hours.
I can't imagine making a great return selling something directly on there unless you product was so cool that a regular post would have had nearly the same effect.
I had some problems with their credit card processor and they (being reddit) responded to my emails withing a few minutes until we were both sure that everything was as it should be (this was impressive to me because I was spending such a small amount of money).
That and it ended up costing me about $0.10 CPC - considerably less than I remember spending on google ads back when I tried them. The lottery system really scared me, but it ended up working out pretty well. I'd definitely recommend it to anybody else.
People say that redditors are a terrible market to advertise to (they use adblock, etc.) but I disagree. I think they'd probably be a terrible audience to market to if you're selling teeth whitener or pyramid scheme "Google pays me $1000/hr from home!" things, but if you've got something useful to show them (like a webapp that they would like) then you're going to be buying a lot of eyeballs for not a lot of money.
All-in-all try it out - I was really happy with it.