Thursday, April 26, 2007
Lunch @ EconSM: Edgeio Builds White-Label Classified Systems Scaled for Social Media
The EconSM event is living up expectations for a great networking environment, including bumping into a new company called Edgeio, which provides classified ad systems on a white label basis for publishers of all kinds. The concept behind Edgeio is fairly simple but compelling: use their technology to build up easy-to-track classified ads from individuals and get them placed contextually in appropriate content. You can use just the technology to build your own ad service or syndicate in content from publishing partners using Edgeio. The publishers are in complete control of how ads are priced (or not) with Edgeio taking a percentage of revenues, typically 20 percent. This has good use for publishers in general, but it appears to be especially well positioned for social media, especially Wiki-based microcommunities. As communities grow they can spawn of new microcommunities that can use Edgeio to exchange ads with the parent community and to draw in other highly related communities. There's a lot of talk about scalability in online advertising and marketing at EconSM today but not much talk yet about how classifieds are the perfect one-to-one marketing medium for social media. Expect tools like this to thrive for highly targeted social media content - and to form the base for tools that help higher-powered marketers to reach customers on a one-to-one basis.