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Saturday, June 14

On Creating a Startup

Repost: http://onstartups.com/tabid/3339/bid/43774/The-5-Minute-Guide-To-Cheap-Startup-Advertising.aspx

I recently advertised my developer's guide to launching a startup on StumbleUpon. The plus side of StumbleUpon is that all clicks are 5 cents. The downside is the bounce rate is high since people are basically channel surfing. I achieved a 96.88% bounce rate in my experiment, with an average stay of 2 seconds. I wonder if it was something I said? In my test, only 25 visitors stayed longer than 5 seconds. I paid $50 for 1000 clicks, but since only 25 of them stayed long enough to read anything, I effectively paid $2 per click. Your mileage may vary, but through this and other experiments I've gathered the following tips for advertising on StumbleUpon:
  • Your #1 goal is to get stumblers to stay longer than 5 seconds. Your #2 goal is to get them to up-vote your page. Paying $50 for 1000 clicks is one thing. Having it go viral and receiving 10,000 clicks for the same price is another.
  • Don't send StumbleUpon traffic to a landing page that asks for an email address. StumbleUpon users are notoriously fickle about providing their email.
  • People stumble to be entertained, so if your page doesn't have the potential to go viral or turn into linkbait, you will not likely fare well.
  • Blog-like content and videos seem to work best. Anything that resembles a traditional landing page will bomb.


In 24 hours, my listing was shown 26,050 times (to 3,187 unique visitors). The link in my ad was clicked 419 times, resulting in a unique click through rate of 13.15%. Not bad – that’s about $0.09 per click.


Timing of your email and Tweets
Timing is also a very important aspect for getting you covered. The best days for traffic for getting coverage of your story I have learnt are Tuesday, Wednesday and Thursday. Monday is way too fast to get you written up, the inboxes of reporters are full it's just not a great day.
At the same time, I learnt that, whilst Fridays aren't as good for traffic, the news is slower. So your chances of getting covered on that day can be higher. With a recent story about Buffer on Mashable, I took advantage of this. I followed up on a story I had pitched earlier in the week. Since it was extremely busy, I wouldn't get a response, yet a quick follow up email on Friday would receive an immediate response.

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