PagedLife

6 Responses to “The EntreBribe, good marketing or EConomy killer?”

1. Graham Posted: May 22nd, 2008 at 1:14 pm

   1 Hey, Graham here. This promo hardly effects the economy at all. The burn rate is 75%, which means that as soon as these credits get spent one single time, 75% of them are completely gone, leaving only 25% remaining in the accounts of the people whom the advertising was purchased from. When they spend those credits, it is burned by another 75%. So, in two cycles of spending, only 6% of the credits are remaining from the promo. After three cycles of spending, only 1% remains. People sometimes complain that they only receive 25% of the cost to advertise on their blog, but it is precisely because of this rate that we can hold promos like this without it effecting the economy. Now, this is not to say that prices may be higher over the next day or two. They certainly will be. My point is simply that a week from today, all of those credits will have been spent two or three times over, and thus completely removed from the economy. If we started giving away millions of credits then yes, we would have a problem. But giving away a few hundred thousand in a big promotion like this barely even registers on our radar, and we monitor the economy with intensity. Reply to this comment.

2. Roy Posted: May 22nd, 2008 at 1:29 pm

   2 just putting my comments here… ‘tho entirely for this particular post read all the post on the first page… very informative. thanks! would love to come back here soon and re-read them again as i am already sleepy now. more power! Reply to this comment.

3. PagedLife Posted: May 22nd, 2008 at 1:32 pm

   3 Author Comment Hey, Graham here. This promo hardly effects the economy at all. The burn rate is 75%, which means that as soon as these credits get spent one single time, 75% of them are completely gone, leaving only 25% remaining in the accounts of the people whom the advertising was purchased from. When they spend those credits, it is burned by another 75%. So, in two cycles of spending, only 6% of the credits are remaining from the promo. After three cycles of spending, only 1% remains. People sometimes complain that they only receive 25% of the cost to advertise on their blog, but it is precisely because of this rate that we can hold promos like this without it effecting the economy. Now, this is not to say that prices may be higher over the next day or two. They certainly will be. My point is simply that a week from today, all of those credits will have been spent two or three times over, and thus completely removed from the economy. If we started giving away millions of credits then yes, we would have a problem. But giving away a few hundred thousand in a big promotion like this barely even registers on our radar, and we monitor the economy with intensity. Graham, I am throughly impressed by your response! I definitely think its a good promotion and hope that it will bring a lot of new faces to Entrecard as I have started to become quite active in the community and I do like it very much! It will be interesting to see what happens over the course of the next few days/weeks as people are getting there credits and becoming more active (and maybe frivolous)! ;) Thank you for your response Graham, and if anyone reading this has not yet signed up for Entrecard, I urge you all to as it is a great community and it does send some quality traffic! Reply to this comment.

4. MySiteComeTrue. Posted: May 22nd, 2008 at 8:13 pm

   4 I use entrecard myself on my website, mysitecometrue.com. I am not worried about the value of entrecard credits due to the fact that 2000c introduced a few times is nothing. People get 300ec a day from dropping and some more from drops on them. this is thousands in total introduced every day. It isn’t that much of a difference in my opinion Reply to this comment.

5. Liane Posted: May 22nd, 2008 at 8:51 pm

   5 We must admit that the Entrecard team are a bunch of marketing genuises. We can’t blame them if they’re going all out on the EC based market. It’s their company their promoting in the first place. Business is business. MArketing is marketing. And people are sure getting hooked on this. I just don’t think their will be any drastic disadvantages (in my opinion). And oh, I didn’t post about their new features. They already are getting a lot of buzz and I’ll be like a duplicate content maker if I posted one, which would get some Search Engine trouble as I believe… Great opinion on your part though… Reply to this comment.

6. rhyan Posted: May 22nd, 2008 at 10:04 pm

   6 I would prefer if they give some cash rather than EC credits. And still waiting for a program from them where I can make some cash out of their EC. Reply to this comment.