I got an invitation to join the "Forbes blogging network". My reaction was "WTF?"
My blog is about free market economics. My blog is the *OPPOSITE* of Forbes' communist pro-State agenda.
My blog does have some relevant content. There's my articles on the Bear Stearns Bailout. There's my series on the Black-Scholes formula. There's my articles on the shrinking US economy. Of course, there's the Compound Interest Paradox.
The "ad revenue sharing" plan was offensive. It's 40% *AFTER FORBES' EXPENSES*. Since "Forbes' expenses" are controlled by Forbes, the incentive is for them to overstate their expenses. It's the usual "monkey points" deal that skilled movie stars and writers refuse. To be fair, you should ask for a % of *GROSS* revenue. A % of *NET* revenue is meaningless, because the expenses can be inflated.
It would be cool if Forbes promoted my blog if I joined their network. I doubt they're offering any such service. They're just offering to place targeted ads on my blog and give me a thin slice of ad revenue. I don't have enough readers for it to be meaningful income. If I had substantially more readers, I probably could negotiate better terms than Forbes is offering.
Should I join Forbes' blog network? My guess is "No", because:
- The revenue sharing terms are offensive.
- I don't have enough readers for it to be meaningful income.
- Their contract has offensive details in the fine print.
- They don't promise to spend any effort promoting my blog. I'm just agreeing to carry their targeted ads.
- The blog is banned from promoting software piracy or mentioning software piracy. That is silly. My position is very clear. Intellectual property is not a valid form of property. "Intellectual property" is only enforceable in the context of a monopolistic abusive government.
- As I stated above, you only get 40% of *NET* revenues, not *GROSS* revenues. Forbes' expenses are arbitrary. 40% of *NET* revenue may be only 5% or less of *GROSS* revenue. The payment terms appear to be inferior to Google Adwords.
I'm interested in ways to profit off my blog, directly or indirectly. Forbes' network doesn't appear to be worth anything.
1 comment:
Should you join Forbes?
Fuck no. They are putting no value on the table for you and they are just looking for content to paste between their ads.
...Since "Forbes' expenses" are controlled by Forbes, the incentive is for them to overstate their expenses. It's the usual "monkey points" deal that skilled movie stars and writers refuse. To be fair, you should ask for a % of *GROSS* revenue. A % of *NET* revenue is meaningless, because the expenses can be inflated.
This one I am close to. I joined a startup dot-com in 1998 and they offered me a % of NET revenue. In other words, I got a percentage of whatever was left after their *legal* embezzlement of the company account (i.e. whatever was left over after bonuses, tax restructuring, taking the wives and the kids to Disney for a week on the company as part of the Annual General Meeting etc. etc.) need I go on?
Needless to say, I walked.
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