Project Wonderful - how does it work?
Most advertising affiliates work with click-through rate or some other means of measuring traffic to determine your income. Project Wonderful determines your income from the amount an advertiser is willing to spend to advertise on your blog.
Advertising is sold on daily basis. The amount of money an advertiser is willing to spend acts like a bid for that advertiser. The highest bidder wins, and his ad is displayed on the square.
Each square may have individual bids. Bids pay for daily advertising, regardless of traffic and regardless of clicks. Highest bidder wins, Project Wonderful takes a percentage and you get to own the difference!
This is a wonderful way to generate income, if you'll pardon the pun. You can adjust the minimum amount you would like advertisers to bid on your site. My advice is to keep this initial value low - no more than $0.01 or $0.02 for a site that gets less than 50 hits per day.
Installing Project Wonderful
The steps involved are as follows:
- sign up for Project Wonderful
- once you are a member, sign in to Project Wonderful and click on 'My Ad Boxes'
- way at the bottom of the page, you will find a link 'create a new ad box'. Click on it
- adjust the amount of rows and columns you would like in your widget. You can also set the size of the ad squares you like here
- grab the code, and put it on your blog
- it might be a good idea to upload a custom 'your ad here' image. Just ensure that the custom image is the correct size. In my case, the 'your ad here' image of my main blog, The Necro Files, is 125 x 125 pixels. I made my images with The GIMP. The GIMP is small, cheap and relatively easy to use. You can also use it on Microsoft Windows. Try it!
Advantages of Project Wonderful
- the minimum payout is only $10
- you can earn as little or as much as advertisers are willing to bid per ad
- once you have an account, you can advertise on other Project Wonderful widgets too
Drawbacks of Project Wonderful
The only drawback I can think of is once you have a widget on your blog, you can't adjust the minimum bidding amount while there are active bids. This is not really a disadvantage. It makes sense not to adjust the minimum bid while you have ads running. The only way you can do this is by stopping all the ads - which I don't want to do because those ads are already paid for.
Fortunately, you can easily add another Project Wonderful widget to your blog! I left the minimum bid at $0.00 for a widget with less than optimal visibility, and added a new widget with a slightly higher minimum bid.
Simple, fast and you can earn from day 1.