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Why you aren't making money on Reddit?

Discussion in 'Making Money' started by Tiddlywink19, Jun 13, 2016.

  1. Tiddlywink19

    Tiddlywink19 Regular Member

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    (Preface: If you are/have made money on Reddit, this post is still for you. I have done it as well, but this article will explain a little known fact that I believe will help everyone.)

    People often ask me why I don't focus on Reddit when compared to other highly trafficked websites to drive users to my pages.

    Now, I should be clear, I absolutely use Reddit and would never discourage somebody from making a post on there. However, time is money, and money is time, and sometimes there may be better alternatives when it comes to getting highly converting traffic to your website.

    For anybody that has made money off Reddit, I have as well, some of my most viral post of been shared on Reddit, and many of my most trafficked and shared articles have been through Reddit.

    So this is not meant to discredit any of those things. However, I am going to explain why Reddit is not the same traffic or converting the same as other websites like Facebook, YouTube, or Twitter.

    So with all that said, on one of my lower trafficked sites, someone posted a link to one of my articles to Reddit. The reason I know this is because for one, I checked and it was on there, and two I received this graphic on my WP dashboard.

    [​IMG]

    That's right, on day 3 my post was shared, do you notice anything? Well you obviously do; 19% of the users on my site that day had Adblock. Most my other days the average is around 2-3%.

    The average traffic on the site is about 150-250 daily, I don't update it a ton so most is organic. So if we account 109 new Reddit users just to postulate, 59 of them had Adblock. So all in all 54% of users from Reddit were using Adblock. No Good.

    Would you like to know why that 54% is an interesting coincidence?

    [​IMG]

    That's right, 54% of users on Reddit are between the ages of 18 to 24 or under the age of 18.

    In marketing terms we call "the money demographic" 25 to 54. The majority of Reddit's users are essentially children with no money who use adblock.

    I had wondered for so long why conversion rates are so much higher with targeted and geo-specific ads on Facebook, or using other methods where I can literally pick the age range I am targeting, or even using an ad or a blog post on a website where I know the traffic is full of adults looking to buy things.

    The reason why, is that Reddit is filled with teens and young adults who don't have money, who use Adblock, and don't want to buy anything.

    Again, I am not trying to be critical of people who love Reddit or swear by it. I, as you can see, also check it.

    But I just want to make users aware why their conversions might be lower on Reddit when compared to other websites a specially if a post does not go viral. Which mine obviously didn't. Someone just shared it and I got 100 extra users. Yay!

    This post was meant to be purely informative, not defamatory, and hopefully, help members in the BHW community so please only positive comments or stories if you agree.

    It was just to prove a point you may be better off spending or focusing your time somewhere else and weighing out the pros and cons of other different online arenas.

    I wrote this with the intent of trying to give back to our community and I hope you guys enjoyed this.

    Have a great day!
     
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  2. Loadzz

    Loadzz Regular Member

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    Very informative - Thanks.

    Was going to try Reddit to make some money, but i'll now focus more on Twitter and Facebook :)
     
  3. _clicking_

    _clicking_ Power Member

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    In my experience, reddit users are more "internet savy", and can spot spam/self-promotional post a mile away. Which results in downvotes, and less views
     
  4. Tiddlywink19

    Tiddlywink19 Regular Member

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    I had noticed this as well. I wonder what the tech stats are. But this is another issue, good point!
     
  5. ijocrumut

    ijocrumut Registered Member

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    *not big money here*

    But i can say Reddit traffic convert!
    85% my gearbubble sales come from reddit. (and i'm not promoting anymore this product but still got 1-2 sales within a week)

    you just need to find subreddit who really passionate about their hobby, and offer something they will like
    and yes the bought it!


    for reddit ads, they convert aswell

    good read here :
    Code:
    http://ryanluedecke.com/reddit-ads/
     

    Attached Files:

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  6. BloodyNinja

    BloodyNinja Power Member

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    It fully depends on what you promote. For my SaaS reddit works wonders. Traffic from Reddit converts at 35% compared to 25% from Google. (conversion is a free download). I learned Reddit basics from "The Evil Reddit Magician" course. It's quite basic but allows you to understand some main ideas about Reddit
     
  7. SEO1337

    SEO1337 Jr. VIP Jr. VIP

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    Well clearly you aren't targeting the right sub reddit. If you pick your niche based on the age group whilst ensuring there's an active sub reddit in that niche, you can bank easily.
     
  8. limez

    limez Regular Member

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    Partially you are right. But it still depends on how you monetize your website. If your website depends on ads, then it was a big loss since most of redditors are smart and hate ads. For cases if you are monetizing your website with cpa then I think it really doesnt matter.
     
  9. DankHorse

    DankHorse Junior Member

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    Makes a lot of sense.
     
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  10. Shadexpwn

    Shadexpwn Elite Member

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    Reddit can always be a suitable traffic source, it takes a bit more effort than usual though. If doing this think about buying grade A accounts or outsourcing on a small scale between employees to better stick what's provided.

    It may become tricky once ghosted so always keep ahead with proper security / proxies. The trick here is to make 1 account per message and ensure everything stays there.
     
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  11. Tiddlywink19

    Tiddlywink19 Regular Member

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    I can see english isn't your native language so I will be lenient, I said in the OP It's not about it not converting, it's about it converting less.


    You can make a someone convert to a nun if you try hard enough lol
     
    Last edited: Jun 13, 2016
  12. Tiddlywink19

    Tiddlywink19 Regular Member

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    That data is from the subreddit literally related directly to that website. And I have noticed this hundreds of times, from numerous subs, you are wrong. Sorry.

    Again, it's not about banking easily. Do you guys not read entire posts? It converts worse. Period. End of story.
     
  13. Tiddlywink19

    Tiddlywink19 Regular Member

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    What do you mean from google? Like organic search?! Lmao. Also, that course is a scam. Good work.
     
  14. Tiddlywink19

    Tiddlywink19 Regular Member

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    Again, never said it wasn't suitable. Converts less. Last time I am going to say it.
     
  15. Tiddlywink19

    Tiddlywink19 Regular Member

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    Yep, I would focus on other sources. Don't dump it, just keep it as a little inside tip. 54% of that site is essentially aged 13-24. Just keep it in mind.
     
  16. GiftGuru

    GiftGuru Supreme Member

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    I always forget about Reddit.... I am going to hit the jewelry and see if I can pull some sales/hits out of it
     
  17. SEO1337

    SEO1337 Jr. VIP Jr. VIP

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    Well, I'm not wrong. You jsut don't know what you're doing. I read the entire post, Reddit traffic converts better than any other social media platforms I use. So don't tell me I'm wrong when you're converting worse when I have a great conversion rate. K? Good.
     
  18. CRT

    CRT BANNED BANNED

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    I've used reddit and its amazing for getting exposure and critical feedback. However you must ensure you actually have valuable content or you will be fucked.
     
  19. Tiddlywink19

    Tiddlywink19 Regular Member

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    Do it up and enjoy losing your valuable time.
     
  20. SEO1337

    SEO1337 Jr. VIP Jr. VIP

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    Just because you don't know how to use Reddit effectively, which you don't regardless of what you say after one case study, don't discourage others. Reddit is a gold mine if you know what you're doing. Maybe put more effort into looking at how to increase your conversion, do more trial and error instead of discourage people and disrespecting people because English isn't their first language.