The BuiltByBit Ads manager is a platform that allows you to pay money to promote your resources and enhanced discovery. The system allows you to create, manage, and analyse the performance of ads. This article explains how to use our Ads manager as an creator. If you’re looking for information about our audience and the benefits of advertising with us, please refer to the Overview page.
Each week we hold an auction to sell 6 slots on the resource index page, and 6 slots per category, to the highest bidders. With tens of thousands of products available and hundreds of creators bumping their resources daily, winning one of the few featured resource slots each week can result in a significant boost to your sales. The minimum bid for each auction is just $0.50 per week.
Each category varies widely with how high auctions go, usually dependant on how competitive and lucrative each section is. On each category page at the top you will see, for example, “Feature your resource at the top of this category for just $8.00 per week!”. Clicking on this text will open the current auction bids so you can see what you would need to bid to win this slot in the next auction.
Due to the bidding format the price of winning a featured resource slot each week is never underpriced or overpriced, it is always at an equilibrium based on the demand from other creators. We would suggest that it is worth buying a featured resource just for a week to see how it performs for you through our extensive analytics that we provide.
Click here to create a featured resource.
The other ad formats are less relevant to resource creators so will not be covered extensively in this article. The other advertisement formats are:
Advertising is done through our bidding system to ensure that ads are always priced fairly based on demand. This means that you’ll never be paying more than an ad spot is worth and won’t have to wait in long queues to receive a slot.
There is no minimum amount of BuiltByBit Credits required in your balance to purchase an advertisement, just enough to afford your first bid. You can learn more about Credits and purchase them here. Then you can create an advertisement and enter the maximum amount you're willing to pay for your advertisement to display each week as your 'max bid', which will be discussed in more detail later in this article. You can create an ad or update your bid at any time, but any adjustments to bidding will not be updated until the auction that happens every Friday at 9:00 PM UTC. When the auction occurs, you will have your bid amount deducted from your Credit balance, and your ad will be active for the following week.
Setting your bid for an auction only needs to happen once, and it will continue placing bids until you either:
Display banner advertisements require manual approval from our staff members before they’re eligible to enter an auction. Thread and resource featuring ads do not require manual approval from us. Once an ad is created, it will display on the Your ads page where can view the status, edit details, adjust your bid, view analytics, or deactivate your advertisement.