Another entry in the pay-for-attention category on the Web is the recently launched FreeRide, which pays consumers to surf its ad-packed “Frequent Browser” site.
Launched by advertising agency veterans Jordan Stanley and John Mezzina, FreeRide brings together on one site a host of national advertisers–each offering consumers a common incentive for browsing and buying.
Customers are rewarded with FreeRide Points–the electronic version of the Frequent Flyer Mileage Points–for every interaction with advertisers both online and off.
FreeRide sponsors’ banners are prominently featured as “destinations” on the “Instant FreeRide” menu. FreeRide members can redeem their points for things like free CDs, free movie tickets, and free Net access.
The FreeRide site claims more than 200,000 registered members–60% male and 40% female. Sponsor click-through rates range from 7.5% to 22%, versus the industry average of 1.5% to 4.5%, the company said, adding that FreeRide visitors spend about 50 minutes surfing sponsors’ sites, compared to the average Internet site visit of 7 minutes.
FreeRide’s sponsor roster currently includes more than 240 major companies, including American Home Products, CDnow, Clairol, HBO, Nabisco, Kraft, Bristol Myers, Duracell, Johnson & Johnson, NetGrocer, Kodak, Time Inc.
“FreeRiders can earn hundreds of points every month simply for browsing sponsors’ Web sites; that’s enough points to get free CD’s and movie tickets,” according to Stanley, president and co-founder of FreeRide. “In the process of browsing, they often find personal relevance in other sites that they wouldn’t normally have visited.”
Despite the fact that it faces growing competition from Facebook, Instagram and Snapchat, Google-owned YouTube is still one of the most popular ... read more
Amazon prides itself on being the most “customer-centric” company in the world, but according to investigative journalism non-profit ProPublica, Amazon’s algorithms are often anything but ... read more