Has Entrecard Jumped the Shark?
Posted on : 06-04-2009 | By : mcangeli | In : Delusions
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It’s called Jumping the Shark and it usually refers to TV shows who have passed their prime (did you know it takes its name from an episode of Happy Days??). It’s also been applied to web startups, new companies, and ideas that are worn out or before their time. In this case, I’m wondering if EntreCard has jumped the shark. EntreCard is (was?) a pretty good traffic sharing tool and a good way to find some good (and some not so good) blogs to read/visit on a regular basis. Without EntreCard, I would not have found CigarJack’s, Five Blondes or The Hawg. And for periods where I haven’t written anything worth reading, its has provided some steady traffic, ensuring that I keep my blog in front of some eyes.
The original premise was simple. Display the Entrecard Widget. Visit other blogs with the widget and drop your “card” on their widget. In theory, people would visit those that had dropped and would drop their card in kind. A “I scratch your back, you scratch mine” kind of traffic trade. You could use built up credits to advertise on other blogs and sometimes the traffic they generated was good. Really good. Some times not so much. However, having the EC widget on a site didn’t really hurt. Until Now.
On Saturday, Entrecard Announced on their blog that the “beta” of their new paid advertising system was going in to effect. People could ‘buy’ ads on your site in the EC widget and EntreCard would benefit. You however, would not. Currently, the way things are working, Paid Ads are taking precedence over the traditional EC ads. So if you purchased a traditional EC Ad with EC Credits, you could be preempted at any time during your run on a blog. I pulled up my site this morning and was greeted with every ad except the one that should have been there. I logged in to my dashboard and there were over 30 paid ads waiting to be approved. Of course, I couldn’t see them, as ABP was blocking the ads (apparently).
Once I went through and rejected ALL the paid ads, I was able to accept the regular ones and the Card on my blog appeared as it should. All normal like. As I said, currently, the blog owner is not able to benefit from the paid ads at all other than the fact that Entrecard is able to pay their bills (which, if their math is correct, they must have had some hella venture capital for startup money). Eventually, the plan is to ‘pay’ blog owners 25% of whatever the ad was purchased for and allow them to then buy Entrecard credits with that. There by, keeping all the income for EC and basically ‘gifting’ extra credits to the blog owners. How this is going to work out has yet to be seen as that portion of the program ISN’T WRITTEN YET.
That’s why I’m wondering if EntreCard has Jumped the Shark. I, like many others have rejected most (if not all) of the paid ads in lieu of the traditional EC ads. Entrecard had a good thing going. Did they screw it up with this seemingly poor implementation of the paid ad system? Should they have added another set of code for only paid ads? I guess we’ll have to wait and see.
EDIT: Apparently, I have my figure wrong. EC is only keeping 25% of the income from the ad’s the other 75% is going to the members through a ec buyback program “The fact of the matter is that 75% of all the revenue we’re generating from the paid ads is going to the members. “
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