Believe it. Google has more recently than not launched a new service allowing for next to anyone to buy ad airtime on TV, and it’s part of AdWords. Google TV Ads works very similarly to the current AdWords, you log in with your existing Google account, upload an ad 15, 30 second, etc… name your price, place it in a network and time slot, and boom there you go. Your home made ad is now on TV.

Of course getting your advertisement during a top rated show such as the Simpsons, South Park, or similar is going to cost you a heavy penny as you’ll be competing for airtime with large advertising companies, multinationals brands, etc… and in all as a startup, it’s probably not the most effective manner in which you can spend you ad dollars, but nonetheless, an ad during off peak may be just what you’re looking for.

Though we can’t really vouch for the effectiveness of the service, in the video that we’ve included from from SlateV on using the new service, they explain that from the one million people who saw the advert only about 1000+ actually typed in the address, making a click through of 0.1%, and for the $1300 they spent on the ad campaign, that makes a potential customer acquisition cost of $1.30. Worth it? Perhaps not for SalteV, but all the same it was just a test ad, and I’m sure that if a company were to offer a service that the TV viewer could use there and then i.e. price promotions, etc… the customer retention would in fact be higher.

Do note though, that “Google TV Ads are available only to advertisers located in the United States who pay in U.S. dollars. We can’t take advertisers from outside the U.S. just yet, and we can’t offer direct debit or prepay as payment options. In addition, advertisers must set up billing prior to initiating a TV Campaign. – Google“

BY F3FUNDIT

If you’re basing your entire business model on advertising, bin it, it will get you nowhere. Especially if your business falls within the boundaries of a mobile / web business. Why?

How shall we count the ways.

Supply & Demand – With the prevalence of Google’s AdSense on even your grandma’s blog, advertisers are just not willing to pay big bucks for most keywords. Sure you can get a list of high paying ones and try to develop a site for that, but your target market will also be so miniscule that your traffic will make a blip on the radar, and then how much fun can it be to write about “Mesothelioma Lawyers in San Diego” or “Endowment Selling”. Remember, in the web world – Quality Content is King. It’s the differentiating factor between a site that grows and a site that stays stagnant. Same that goes AdSense goes for AdMob, except that on Mobile devices people are even less likely to click through, due to the basic nature of phones. People use apps for one specific task, then close them. i.e. I’m not signing up to flickr when translating something from Catalan to English.

Savvy Individuals – Perhaps savvy is the wrong word here, but do you yourself click on ads when visiting websites, or do you simply pass over them as if they were empty space? Reckon it’s the latter, and just like you, so’s the rest of the wider internet community. And while in a perfect world we’d like to think the opposite, it’s just not the case, even when it comes to mobile applications, see above ref.

Dedicated Ad-Space – Sites that typically rank in the 1000+ range on Alexa can charge between €30-40 CPM. Mind you these guys tend to have dedicated sales teams going after advertisers, and have information on their users that goes far and beyond what you can access with Analytics -Age, Sex, Annual Income, all the stuff that warrants a high CPM. If you want to star playing with the big boys get your traffic to their level 1st, and if you can, by all means best of luck.

It’s Inefficient – Chris Anderson editor-in-chief of Wired Magazine wrote in the WSJ said this better than I ever could. “The standard business model for Web companies that don’t actually have a business model is advertising. A popular service will have lots of users, and a few ads on the side will pay the bills. Two problems have emerged with that model: the price of online ads and click-through rates. Facebook is an amazingly popular service, but it also an amazingly ineffective advertising platform. Even if you could figure out what the right ad to serve next to a high-school girl’s party pictures might be, she and her friends probably won’t click on it. No wonder Facebook applications get less than $1 per 1,000 views (compared to around $20 on big media Web sites).” You can read the article here.

Notwithstanding there are some things that you can do to augment your income from online advertising revenues, such as placement, colour coding, etc… etc… and as a supplementary revenue channel it can cover some operational costs but don’t bet your bottom dollar on it, and don’t try and raise money with it as your main revenue source. You need to have a value proposition that is actually viable, mobile or net, or for that matter with any business.

Think we missed something? Let us know.

BY F3FUNDIT

While twitter is nearly everywhere these days, many people still consider themselves naysayers. These individuals don’t really understand what the platform can do, most people will just assign a basic social network narcissistic assumption to twitter, and sure there are millions of people who use it for nothing more than to tell the uninterested world about the lack of a C in their alphabet soup, but what Twitter truly excels at s information distribution.

Simply look at the impact it had in Iran a month back, information was relayed in seconds across the globe, I think at one point in time a notable western news and media outlet just told people to head to twitter for updates and news, then look at the death of Michael Jackson, the first to know were twitterites and facebookers. It’s information gone global.

And what a business tool this little platform is coming out to be, at this month’s Drink Tank – I met an interesting fellow, Jason Barett from TwitJobs – a company that distributes job postings via twitter; effectively an internet company they’ve been profitable since day one, which assuming some of you who read this will understand is quite the task.

So what am I saying? This platform is turning out to become quite the business tool, from sharing information regarding links, benefits, contests, to anything that will grab the user’s attention, and if you’ve got your company, or are thinking about starting one, use it! It helps, it works, and most importantly it will bring you traffic, and make you money, so use it. But remember, like anything you can use it right, and use it wrong. So for a final sum up, here’s five tips on how to use twitter in the business world.

1. Make your followers want something, create a desire. Updates are useless.
2. Be constant, have something flowing naturally.
3. Provide interesting content, links, and services.
4. Monetize it. How? Google search it, but you can always sell ads via your twitter account as well
5. Don’t over do it. Twitter can be addicting, focus on your main business, unless of course your main business is twitter based, then focus on that.

And that’s that!