Facebook Now Effectively Paying Users 10 Cents to Watch Certain Ads

Published by pratyushkp on May 6th, 2011 - in Social, Technology

Image representing Facebook as depicted in Cru...

Image via CrunchBase

Facebook on Thursday introduced a program that, in effect, offers consumers a financial incentive to watch ads on the site.

Facebook will now reward users who watch certain ads on the site with Facebook Credits, which can be redeemed to purchase goods on Facebook Deals, the company’s new Groupon-like daily deals service. The incentive, however, is not huge. Initially at least, the average ad will yield one credit, which is the equivalent of 10 cents.

The ads will mostly be in games. CrowdStar, Digital Chocolate and Zynga are among the participating game publishers. Facebook is working with Sharethrough, SocialVibe, Epic Media and SupersonicAds to serve ads on the program as well as TrialPay, which will provide analytics.

Dan Greenberg, CEO of Sharethrough, says that Facebook’s move represents “a step away from interruptive advertising.” Greenberg, whose clients include Microsoft and Nestle, says his network won’t deliver traditional advertising, but rather branded entertainment, which consumers will want to not only watch, but share with their friends.

Incentivizing consumers to watch ads is one solution for Facebook’s low banner click-through rates. The move comes after Facebook expanded its Credits program last week to let consumers use the Credits to buy real-world goods advertised in Deals. Previously, the credits, which were awarded for consumers who signed up for various programs (like magazine subscriptions) or bought outright could only buy virtual goods.

  • Facebook Now Effectively Paying Users 10 Cents to Watch Certain Ads (fakeiitian.com)
  • Facebook Now Effectively Paying Users 10 Cents to Watch Certain Ads (mashable.com)
  • Facebook Now Paying Users To Watch Video Advertisements (blogherald.com)
  • Facebook tests video ads inside social games (venturebeat.com)
  • Facebook Deepens Partnership with TrialPay DealSpot to Offer Credits for Watching Videos (insidefacebook.com)
  • Facebook Deepens Partnership with TrialPay DealSpot to Offer Credits for Watching Videos (insidesocialgames.com)
  • Facebook Ads: How to Get 1 Cent CPC (and why you might not want to) (tech.momentgarden.com)
  • One Third of U.S. Online Ads Now Served By Facebook (hubspot.com)
  • How We Increased Facebook Fans by 43% in 23 Days (webpagefx.com)
  • Facebook’s possible worth? $100B (thestar.com)




7 Responses

  1. jack says:

    Wow faceboook paying users 10 cents to watch certain ads
    http://www.technews5.com/2011/05/10-cent-from-facebook-to-users.html
    Facebook will now reward users who watch certain ads with Facebook Credits, which can be redeemed to purchase goods on Facebook Deals, the company’s new Groupon-like daily deals service. The incentive, however, is not huge. Initially, the average ad will yield one credit, which is equivalent to 10 cents.

    Reply
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