Hi everyone,
I wanted to see if I could grab anyone's interest in a possible project that I'm looking to start and if anyone would like to work towards making something like this with me I'm open to suggestions. So what I would like to possibly start is an affiliate program that is geared towards social media.
I'll start out by using Twitter as an example because I know this market best. Much of the twitter pages right now are monetizing their pages simply by putting up a crappy website throwing some galleries on it and monetizing it with Adsense. In return people try to boost their Adsense revenue by placing the ads in a misleading way to grab extra clicks etc. Beyond that, some pages use sites like mylikes.com or fans2cash which work fine but campaigns they offer are pretty dismal - 1.5, 2 cents a click. What's missing in this space is a true affiliate program that doesn't rely on Adsense as the primary cash flow, but rather some direct deals with some brands that are targeted.
If we were able to offer an affiliate system with deals that were directly targeted at social media this business could make some really good cash and do a lot of volume. I know I could sign up hundreds of accounts if 1) We offered per click rates of 2-3 cents, and 2) offered weekly/bi-weekly payouts as most people have to wait till the end of the month to get paid and many accounts lose their money from the Adsense ban.
I won't bore anyone with too much writing for now, but this is the basis of what I had in mind. Feel free to let me know what you think and if you have any interest. It's a business that could do some very high volume right from the start. Thanks!
Based on what I read, it sounds like you want to start an ad network as opposed to an affiliate network.
Basically plug in your ad tags on peoples twitter profiles and serve that ad space on a platform that affiliates can bid on?
Yes sorry I might not be using the right terms when describing this. In the simples sense there is a huge market for a platform for something like Mylikes.com that doesn't rely on just revenue from Adsense. If we could sign up some direct deals with brands and offer social media users a payout rate of even 2 cents a click to start, along with weekly or biweekly payouts I could literally convince almost everyone on twitter to use this service.
I'll just keep using Twitter as the example because I know this market best. Everyone on Twitter right now just uses Adsense or a site like mylikes.com because there is nothing out there that actually works well for people to monetize their accounts. Furthermore, the current affiliate networks really don't have too many campaigns that work well with social media. Its a wide open market if the platform can be set up correctly. Heck you could even take existing campaigns on other affiliate networks and offer them on our own platform as well because most of these high school kids that own all the pages just have no idea that they can run things such as mobile installs, health pill campaigns etc.
Maybe I shouldn't say that the current campaigns don't work for social media, but high school kids just don't have the knowledge to run them effectively. They don't have a sense of how to sell products and really do actual affiliate marketing they just know that they can get clicks on links. I really do believe if someone could pull off the kind of platform I'm imagining it would make some really good cash and the volume would be big right from the start.
There have been a few startups trying to make this work, like Adly and Klout:
http://adly.com + http://crunchbase.com/organization/ad-ly
https://klout.com + http://crunchbase.com/organization/klout
They're both focused on big brands/agencies and big influencers/celebrities, not your regular avg users... probably bc that's where the $ is.
I would have to disagree to an extend. Though there might be big money with big brand and celebs the amount of volume you would be doing with what I have in mind would produce huge profits as well. Klout's main focus is on data and Adly only appeals to larger brands like you said. I will clarify that I don't have this idea in mind for really the average users but rather bigger accounts that don't have a way monetize their social media pages well. I know hundreds of guys who own strong social media accounts with 500K+ users that don't have a good sense of to monetize them.
If you can give them an easy to use platform that is going to make them some decent money each day and it's fair, you in return are going to have a very profitable business. I know this idea will work and I even know some guys that run this on a smaller scale without much knowledge themselves. Its a wide open market if it's done correctly.