Project Wonderful
440 words | Last Updated: February 5, 2008 |
Are you looking for an AdSense alternative? There's another way to make money online with the help of your freely accessible content. And the great thing about it is, it can co-exist with your Adsense ads. Yes, I'm talking about the increasingly popular Project Wonderful.
Get the inside scoop here...
Project Wonderful is a system where advertisers try to outbid each other, so that their ad appears on your blog.
Here are some of the things I've learned:
1. Before your site can participate, it will be manually reviewed by someone in Project Wonderful.
2. You can choose which ads may appear in your blog.
3. You can advertise in other blogs, for as long as your bid is at least 10 cents higher than the highest bid.
4. You control how much you're willing to pay for your ad, and for how long you want your ad to appear (assuming no one else outbids you).
How To Attract Project Wonderful Advertiser Bidders:
1. Visit blogs participating in the PW system, particularly those whose ad prices are higher than the rest. That means they have money to spend on advertising.
2. Read their blog posts and determine what kind of people they are trying to attract.
3. Build a blog that attracts those types of people. Publish at least 30 entries containing useful and unique content.
4. Join Project Wonderful (registration is free) and describe your blog.
5. Leave a comment in the blogs containing expensive PW ad spots, and see if the blog owner will consider advertising in your blog.
Remember, advertisers want value for their money. Who cares if your blog has a million visitors a day, if only 1 visitor clicks on over to your advertiser's site. If your advertiser paid $10 for a two-day appearance in your site, but only got two visitors, that's a whopping $5 per visitor.
Of course, depending on the nature of the advertiser's site, the $5 per visitor figure might still be worthwhile.
Anyway, the key is to create sites that attract responsive visitors whom advertisers would like to reach. When you do that, don't be surprised if you begin changing your views about online advertising revenue sources. 
(Thank you to the tireless Marghil Macuha and his Project Wonderful Is Wonderful post over at Macuha.com, because that's where I found out about ProjectWonderful.com)
UPDATE: Chanced upon Bruce Hopkins' Project Wonderful Update, which makes me pause and think if I'm willing to experiment with PW. We'll see...
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Manuel Viloria is your friendly multimedia internet publishing coach who helps you gain more traffic for your web sites. Whether it's through blogging, podcasting, article marketing, videoblogging, email listbuilding, or even through Web 2.0 or social network marketing, you can increase your website visitors today. For more information, please visit Get More Traffic | ManuelViloria.com
"Project Wonderful"
First Posted: February 5, 2008 | Filed in: Make Money Online
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Thanks for the mention!
Regarding attracting advertisers, here's my strategy: I check which sites got a high price and visit their advertisers. If the advertiser got Entrecard on it (most of them have), I simply drop my Entrecard. After that, I could see them bidding on my ad box the next day. 
i've set my bidding price to $0 because i'm testing the waters. lol some of my bidders have backed out. i don't mind though.
what made project wonderful exciting for me is the bidding war.
@Marghil - Wonderful tip, especially the one about the profit-boosting Entrecard tactic. Thanks!
@Jamie - Try testing 0.10 (something tells me fewer bidders will back out).
@Kuya Manny my stats is quite low for me to charge especially with the changes I did to my blog (I deleted my old entries because it takes so much of my bandwidth and I have to pay for reserve pag sobra sa quota so less entries = less hits) but right now I can say that I've earned some money in just a few days (much faster than my Adbrite CPM earnings). I also didn't need to deposit funds via Paypal for me to bid on other ad spaces because of the earnings. I can target those $0 ad spaces. Okay na rin yun.
@marhgil ahehehe strategy talaga.
I love project wonderful too, it's easier to earn from it compared to adsense (in my case). ^__^
I am now testing this project and I hope it will work for me
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