How To Increase Your Bids On Place My Product Dot Com

February 22nd, 2008 | PlaceMyProduct Auctions

Place My Product Dot Com is still new; it launched just 3 weeks ago and traffic to the site is increasing. There are, currently, a few auctions that are receiving bids. The most successfull, so far, is Michael Kwan’s auction for a bundle that includes a review and a 2-month text ad on his blog, Beyond The Rhetoric.

The auction has received 8 bids and is currently valued at $30. Why is this the most popular auction currently running? Here’s a few reasons:

  • Michael has created value for his advertisers. He’s not vague. His auction answers any question that advertisers may have, including how long the text ads will run and the amount of traffic his blog receives. Advertisers want to know these things. Already, I’ve been seeing a few auctions where the product placers are way too vague about the value that advertisers will receive. They’re bad at selling themselves.
  • Michael wrote a blog post announcing his auction to his audience. What better way to get bids than to actually tell the people that read your blog about it? They’re the most likely to actually place a bid.

Michael’s auction ends in 7 hours.

A few other well-valued auctions currently running are 2 separate auctions placed by Super Blogging Tips and areview and 3-month banner ad placed by Island Sports Media.

UPDATE: Michael’s auction sold for $40.01. It started at $10. That’s a 4X increase.

This post has No Rating

5 comments ↓

#1 Tay on 02.22.08 at 4:40 pm

Thanks for featuring my auctions, it’s much appreciated!

#2 animemagnet on 02.26.08 at 8:25 am

Ahaa.. a very nifty idea for a good website.. keep it up..

#3 Todd on 03.04.08 at 8:47 am

I like the idea of direct selling via auctions like this one. Kinda like ad networks only with a much more direct relationship. And better flexibility.

#4 CompuWorld on 03.06.08 at 12:49 pm

I have a juicy ad + review deal for your service ..

if you are looking for blogs to advertise on then mail me and then we will discuss things in detail.

this was short and sweet so that I don’t bother you much.

#5 Jim Musselwhite on 03.09.08 at 10:07 pm

Todd,

Exactly. More of a direct relationship, with a heck of a lot more flexibility, than any of the ad networks can provide.

Jim

You must log in to post a comment.