Reddit Ad by the Numbers for B2B Services
Reddit Ad by the Numbers for B2B Services

			
				
									Reddit Ad by the Numbers for B2B Services								

				
					
						Published August 6, 2010					

					 Analysis

					5 Comments
					
					Tags: advertising, reddit
				
			 

			
				

We’ve started experimenting with  various advertising strategies here at 80legs.  So far we’ve mostly  focused on Google AdWords, but we’re now looking at other channels as  well.
We just wrapped up our first experiment with Reddit Ads.  I recently  read both Gabriel Weinberg’s and Jason Wilk’s posts on using Reddit  Ads.  Here’s a summary of the results they got with their ads:
DuckDuckGo (Gabriel):

Duration: 13 days
Cost: $650 ($50 per day)
Impressions: 1,288,378 (282,732 uniques)
Clicks: 20,700 (18,420 uniques)
CTR: 1.61% (6.49% unique)

Whiteyboard (Jason):

Duration: 2 days
Cost: $700 ($350 per day)
Impressions: 299,784 (63,000 uniques)
Clicks: 4,226 (4,197 uniques)
CTR: 1.41% (6.68% unique)


Here are the numbers for 80legs (note: only ran in Technology section):


Duration: 6 days
Cost:$120 ($20 per day)
Impressions: 402,537 (86,174 uniques)
Clicks: 1,327 (1,276 uniques)
CTR: 0.33% (1.48% unique)

And here’s some additional data from Google Analytics:

Pages/Visit: 2.41
Avg. Time on Site: 01:11
Bounce Rate: 50.25%

While our numbers seem quite pitiful compared to DDG and Whiteyboard,  I’m not exactly disappointed.  Both DDG and Whiteyboard are consumer  products/services.  We’re a B2B service, which means our target market  is much smaller in terms of # of individuals.  There are going to be far  fewer people interested in web crawling than using a search engine or a  whiteboard.
The most important factor is ROI.  Our ad cost $120.  I have at least  1-2 people that contacted us expressing interest in purchasing plans or  custom services.  Our plus plan is just $99/month, so I’m fairly  confident the ad was a “win” for us.
We also had 116 signups during the course of the Reddit ad.  A  typical 6-day period will have 80 – 100 signups.  So that’s also good,  but not astoundingly awesome.
Overall, I would say the ad worked well for us.  We’re going to try  some variations on the ad (targeting specific crawl packages, etc.) and  see if that works better.
B2C ads are going to perform better than B2B ads on pretty much any  ad channel.  With a positive ROI, the ad was worth the expense and at  the very least warrants additional experimentation.


							 
			
		