When QuiBids started way back in 2009, it was still a niche site in a niche but exploding market of penny auctions. It did remarkably well during a time when much of the competition folded shop (or were outright scams) over the long term, but every business has a way to get its name out there during the initial days. Sometimes, these methods are not the most 'white hat' and the CEO of QuiBids, Matt Beckham is all too familiar with such tactics.
There was quite a controversy several years ago around QuiBids advertorials. QuiBids CEO Matt Beckham had a history in this field, even before he founded QuiBids. And it was controversial. Here's an old QuiBids advertorial:
In this case, I saw a QuiBids advertorial linked to from 24/7 Wall Street, a financial news site. This was the ad unit:
and here's the screenshot for the full page:
The ad read:
"Discount Site" Sells Apple Products For $20-$35
That does sound like a penny auction site. When I visited the site, it was an advertorial for QuiBids, titled: How To Pay Just Pennies For Brand New Products. The site links to a QuiBids landing page for Black Friday.
QuiBids is a big and mature company today, and has distinguished itself very well from most other penny auction sites, even popularizing its category as 'Entertainment Auctions', to distance itself from the 'penny auction' label. However, such advertorials don't always speak too highly of the business and the site. I think it should stop this form of advertising. What are your thoughts?
Rise of the QuiBids Advertorials
QuiBids has used the advertorial model very effectively, especially during the initial days. An advertorial is a very frowned-upon tactic where an article appears like a news article, but is just an advertisement really. The advertorial links back to a site's landing page, where it is meant to convert visitors into customers. The advertorial itself is linked from various places online, from buying up Adwords ads to other pay per click advertising. The advertorial gives an air of legitimacy that doesn't actually exist, which is why it is considered quite shady. The advertorial-aggregating website doesn't do any editorial work, obviously, but will instead publish anything and everything that would pay money.There was quite a controversy several years ago around QuiBids advertorials. QuiBids CEO Matt Beckham had a history in this field, even before he founded QuiBids. And it was controversial. Here's an old QuiBids advertorial:
Current Status
It appears that QuiBids hasn't stopped the practice of advertorials even now. Today, it seems like it's easier than ever to insert these ads, especially in the 'Around the Web' type of articles that you often see at the end of another article that you're reading online.In this case, I saw a QuiBids advertorial linked to from 24/7 Wall Street, a financial news site. This was the ad unit:
The ad read:
"Discount Site" Sells Apple Products For $20-$35
That does sound like a penny auction site. When I visited the site, it was an advertorial for QuiBids, titled: How To Pay Just Pennies For Brand New Products. The site links to a QuiBids landing page for Black Friday.
QuiBids is a big and mature company today, and has distinguished itself very well from most other penny auction sites, even popularizing its category as 'Entertainment Auctions', to distance itself from the 'penny auction' label. However, such advertorials don't always speak too highly of the business and the site. I think it should stop this form of advertising. What are your thoughts?
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