Reddit Opens Its Homepage To Anyone Willing To Pay (Invites)

In a world where Facebook and Twitter dominate the headlines, it’s easy to forget that other social properties, like Reddit still send a ton of traffic to sites. But they absolutely do, and now you can buy your way into that. Starting today, Reddit is testing out a new closed beta experiment to allow anyone to purchase a sponsored link on Reddit’s homepage. Yes, that means you, not just some random advertiser. And not just the homepage, it’s the top overall link.
Now, obviously, this link will be clearly labeled as “sponsored,” but that shouldn’t make it that much less of an enticing opportunity for some individuals who want to drive traffic to their site. Reddit says it sees anywhere from a 2% to a 10% click-through-rate on the ads that run in this area. At the very least, this should mean thousands of hits coming to your site that wouldn’t otherwise get.
So what’s the catch? The only catch is money. As long as you’re willing to pay the minimum of $20 a day, Reddit will enter you into a pool with everyone else willing to pay to determine how much face time you’ll get on the homepage. For example, if the total bids for the day equal $200, and you bid the minimum $20, you’ll get 10% of the day in this ad slot. It seems very likely that the daily bids are going to be quite a bit more than that, so $20 probably isn’t going to buy you much, but still, it will get you something.
With this beta, there won’t be the ability to target specific Reddits (the Politics Reddit, for example), but the plan is to eventually offer that option to better match individual advertisers with the audience they are trying to reach.
Adding your own self-serve ad