Blog advertising network Adgitize closes

Following the demise of CMF ads, Adgitize is the next blog advertising network to bite the dust.

"Costs to run the business were more than the revenues generated," explained the founder, Ken Brown, in his December 27 announcement.

photo credit: vdaiga

As such, all types of Adgitize members would stop receiving points (converted to cash) after January 1st this year, and by January 10th, payouts and refunds will have been sent to those who indicated valid PayPal addresses.

Adgitize had been in business for 3 years and was lauded by blog advertisers for the network's ability to deliver world-class advertising on a blogger's budget.

For a flat fee of $14 a month,  advertisers enjoyed instant traffic correction and rebates for page views and blog visits. Publishers who did not spend on advertising were also given point incentives for updating their blog, visiting other member's sites, referring advertisers and posting on the forum.

The shut-down of Adgitize is sad news for the owners behind the 17,000 registered blogs in the network, but it did not come as a surprise. Keeping the fees low and the incentives generous was simply not feasible for the long-term survival of Adgitize as a business entity, pointed out Plin, an Adgitize member and the author behind My Frugal Ways.

Thursday, blogs got slapped by Google Panda

This is not a regular blog post for Teecup Limited. This entry does not discuss freelancing, writing or working from home. Consider it a sporadic burst of emotion.

Something weird happened today... apart from the fact that Apple's Steve Jobs passed away (may his soul rest in peace).

Is it just us or did Google Panda decide that the blogosphere is a pet peeve?

We were doing our rounds on Adgitize when we noticed that not just one -- but all of the blog sites we checked out lost their page rank from 1, 2, 3 and 4 to a measly N/A - ours included, of course.