Jason Del Ray of Advertising Age looks at AdVoice, the initiative launched by Forbes in 2010 to generate revenue from advertisers by selling them space on its website.
“The way Forbes has sold AdVoice also makes it difficult to gauge its effect on the business’ top line. Advertisers have had to ‘earn’ their way into AdVoice participation by buying ad packages of at least $1 million on an annualized basis. But Forbes is now starting to introduce an alternative for advertisers who don’t want, or can’t afford, to buy a big campaign: a licensing model, with a six-month minimum, that will cost somewhere between $50,000 and $100,000 a month, according to Ms. Levien.
“‘We are still working on formulating the right way to value it,’ she said.
“The best Forbes says it can do in measuring the revenue from AdVoice is to say that ad packages including AdVoice have accounted for about 10% of the company’s overall revenue this year. Ms. Levien said she expects that number to reach at least 25% next year. Forbes is also expanding its concept into video and will unveil its first Ad Voice video partner in October.”
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