NASCAR drivers – the model for blog monetization
monetization May 27th. 2008, 2:30amYou may well be laughing at me for writing such an odd title for this post and I don’t blame you. Bloggers are known for their ideas, writing skills, multi-media expertise, and often their wit, but most of us aren’t known for good looks, physical prowess, or heroic deeds.
A profession that requires you to spend a lot of time inside, sitting on your bum, and developing carpal tunnel syndrome doesn’t exactly pass most tests of coolness (although it does bear some resemblance to car racing when you look at it the right way…)
NASCAR driver are walking billboards and their cars are billboards on wheels. Look at your average stock car or driver’s uniform and you’ll see that there’s barely any space for color: cars and uniforms are covered in logos and company names of several different sizes.
Some of the logos are quite recognizable and show up very well on TV. But some of them… you’d need a telescope to see them from a short distance. They’re positively tiny compared to their larger neighbours. There’s virtually no chance that anyone’s ever going to see or recognize those logos, but they are there in spades.
I’m not writing this post to advocate selling every pixel of blank space on your blog for ads. What’s the value for sponsoring something when no one can see your ad? However, seeing those tiny ads made me thing about the bigger ads and about how NASCAR drivers make a lot of their money. I think there’s an opportunity for bloggers to monetize themselves in a different way than most do today: through bigger, longer term sponsorships.
Consider:
- You can place an ad on someone’s blog and it’s a simple business transaction that might have no lasting value.
- Or, you could be a sponsor of a blog and that entails something different. Sponsorship could be a longer term relationship and support for the sponsored.
There’s also another possibility, a reason why people buy tiny ads on racing uniforms and cars. You know what that is?
Bragging rights. Some people will take any opportunity to be associated with greatness. That’s where the small ads come in. And the really big ads, too.
Think about it. It could be good for the blogger and the advertiser. It might not be something that many bloggers have the pull to do, but who knows? Maybe it’s worth checking out?
Just make sure you wear your seatbelt. And a helmet. Because falling asleep at your keyboard can be hazardous to your health.
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May 27th, 2008 at 3:42 am
Excellent idea Mark! If someone hasn’t done it already, I’m sure they will now.
Sharon Bray-McPherson
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May 27th, 2008 at 5:18 am
Heh, I like the analogy. WinExtra was talking about the economic model for Web 2.0 yesterday and the failure of advertising, and I think this is relevant. Sponsorship possibly is the more appropriate model than click-through advertising.
In fact developing a sponsorship relationship on a popular blog to some extent gives you the best of both worlds. Not only does the brand recognition develop as with entirely passive sponsorship (e.g. seeing a logo on a NASCAR uniform) but equally it has a click-through function as well to make it more interactive.
Check out Traffic Growth #8 - Growth Through FriendFeed from Robin Cannon
May 27th, 2008 at 5:54 am
@Sharon - sure, why not?
@Robin - I’ve noticed a few different sponsorship comments or links on various blogs, so I think a few people are doing it. I don’t know how many bloggers would allow themselves (or their blogs) to be sponsorship billboards, but I think there would be some advantages to long term relationships between bloggers and sponsors. I can’t see us ever being celebrities like pro athletes or race car drivers, but who knows?
May 27th, 2008 at 6:28 am
Possibly not blogs, unless they have a very specific niche or massive traffic that would make them attractive to a sponsor. But actually I think it’s arguably better than plastering advertising everywhere. And it’s certainly a potential business model for the large scale networking sites, who could pick up sponsors and develop longer term relationships with them as a funding source, rather than looking at click through ads.
Check out Traffic Growth #8 - Growth Through FriendFeed from Robin Cannon
May 27th, 2008 at 7:03 am
@Robin - that’s the advantage, I think: a longer term, stable funding relationship for the blogger or network.
May 27th, 2008 at 8:37 am
Not only that, but NASCAR is an extremely popular marketing subject as well. I wrote a post about making money with NASCAR on my site awhile back.
Enjoy,
Barbara
Check out 21 Days to a more profitable blog - Day 8! Add eBay to your sidebar from Barbara Ling
May 27th, 2008 at 9:10 am
@Barbara - your comment’s a bit off topic, don’t you think? Unless, of course, you happen to blog about NASCAR.
May 27th, 2008 at 12:43 pm
Great, great tip!
Passing this on to my readers now
Maria Reyes-McDavis
Check out Fave Internet Marketing Links for May 26, 2008 from Web Success Diva
May 27th, 2008 at 1:40 pm
[...] Learn something about blog monetization from NASCAR! Great tip on a very creative way to monetize your blog. Short read [...]
June 5th, 2008 at 12:35 am
It makes sense what you wrote here. You would think though, that some of these companies that are sponsoring nascar car’s would make their logo stand out more. I just saw one car recently, I think it was sponsored by Microsoft on the number 44 if I am not mistaken…. But the paint scheme, was very hard to see, and it did not stand out at all.
June 7th, 2008 at 3:37 pm
Okay sorry it wasn’t the number 44, it was the number 00 of driver Michael Mcdowel. the sponsor was “microsoft small business” but very hard to see on tv.
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