Rate my ad!
Update 6/11/09: Read more details on Digg Ads
Recently social bookmarking site Digg announced a new initiative for its advertising, where the users rate the ads and discuss them. Poor performing ads have to pay more, or get kicked off the site. (Details here in the MediaVision blog) It's an interesting concept, and it just might be crazy enough to work.
Remember a decade ago when everyone thought search results needed to be unbiased and "editorial", rather than being paid? At the time, GoTo (later Overture, now Yahoo! Search Marketing), and later Google AdSense and MSN adCenter have proven that the users "voting with their mice" for pay-per-click advertising is a smart and lucrative business model.
Will people vote for ads? Comment on ads? Similar functionality already exists in Facebook, with the thumbs up or thumbs down button next to each ad. It sounds like Digg plans to take this to the next level, although I couldn't find any further details on their plans yet. Update 6/11/09: Read more details on Digg Ads
Certain kinds of ads are likely to work well here. Think about the Super Bowl, where you have day-after-the-game reviews of the ads in every major newspaper and TV station, plus dozens of websites. People will weigh in on advertising. But is Super Bowl advertising different, since companies are spending millions of dollars on the airtime and likely six or seven figures making each 30-second spot? How will that model translate to a simple online ad, created by a not-so-talented marketing manager in less than an hour? That's where I fear the Digg model may fall down.
But whether or not it works, kudos to Digg for trying something new. If this type of model is going to work anywhere, Digg is probably the place -- since the whole site is based on people voting for articles.



