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Trada Opens Crowdsourced Ad Marketplace
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Trada Opens Crowdsourced Ad Marketplace

by Pace Lattin2011-11-21

PPC crowdsourcing firm Trada has released a Facebook version of its advertising marketplace. Trada, founded in September of 2008 in Boulder , Colorado, originated the PPC crowdsourcing concept for Google Adwords. The company will use a similar model to help advertisers target and optimize campaigns on the world’s largest social network.

Trada’s thousands of ad optimizers seek to create the best adword phrases and ad copy that will deliver the most efficient campaign for their clients. The Facebook strategy centers on helping advertisers avoid ad fatigue, a phenomenon that occurs when a user is exposed to the same advertisement over and over. Trada’s strategy constantly renews a campaign with fresh ads as they are created on the fly by the crowdsourced optimizers.

Trada clients set a budget limit for an ad campaign. They also designate where they want to appear- Google is the most common but they can also choose Bing, Yahoo and now Facebook. They enter into the system the amount they are willing to pay for PPC or on a CPA basis.

One of the major challenges of PPC is coming up with the right keyword phrases for a product or service. Trada meets this challenge by crowdsourcing the task to an army of individual freelance experts. They not only build the campaign, they write the ad copy to drive as much traffic to client offers as possible. Each expert gets a cut of the action if he or she is able to run a campaign below the client’s goal efficiencies.

Facebook adds a social integration to the mix. Ad optimizer’s work with clients to generate not only clicks and conversions, but also the ubiquitous Facebook “likes” as well. Trada mostly appeals to mid-sized businesses that cannot afford to pay a dedicated PPC person. If they work with large agencies, they often get lost in the mix.

According to Techcrunch.com, Trada has added more than 500 advertisers and 2000 paid search experts to its marketplace since March of 2010. Trada shares that their typical clients spend anywhere from $3,000 per month all the way up to $500,000 per month on the service.

Recently the Wall Street Journal reported that many of the largest advertisers in the U.S. admit their ad spending on Facebook is not near the size of other sites like Google. According to the Journal, “Facebook will take in less than one fifth the ad revenues per U.S. user that Google, Inc. will this year, eMarketer predicts.” Trada’s crowdsourcing model will help Facebook fill in the gap with thousands of new mid-sized advertisers. If Trada’s success on Google is any indication, their Facebook service will be another success story.

 

About The Author
Pace Lattin
Pace Lattin is one of the top experts in interactive advertising, affiliate marketing. Pace Lattin is known for his dedication to ethics in marketing, and focus on compliance and fraud in the industry, and has written numerous articles for publications from MediaPost, ClickZ, ADOTAS and his own blogs.
4 Comments
  • 2011-11-24 at 18:35

    Hey Joe,
    Even though it is my first time tackling the word Trada, I could say that it is really a great company when it comes in strategy since it has a plan on using Facbook(One of the most leading social network nowadays). And it would be a great plan. I gained a lot of new terms. Thanks.

  • 2011-11-24 at 19:36

    Sounds a very promising company. If they will succeed in filling the gaps of Facebook then surely this company would make a break in the industry.

  • 2011-11-25 at 06:03

    I think that everyday Face-book keep on enhancing because of the ideas they are creating daily. we all know that almost all the people uses this high ranking social media site, maybe this will be very effective.

  • 2011-11-25 at 07:37

    great blog….this company sounds very, very promising!!! looks like they will be the ones to succeed in filling the gaps of Facebook

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