Peanut Labs Provides Monetization Means for Social Networks and Applications With $2.5 Million Paid to Partners in Past Year
2008-08-06 07:00:00
Peanut Labs Provides Monetization Means for Social Networks and Applications With $2.5 Million Paid to Partners in Past Year
Peanut Labs Provides Monetization Means for Social Networks and Applications With $2.5 Million Paid to Partners in Past Year
Next Twelve Months Will Bring More Than $5 Million to Publishing Partners to Raise Overall Partner Revenue to $7.5 Million in First Two Years
SAN FRANCISCO, CA–(EMWNews – August 6, 2008) – Peanut Labs, provider of unmatched Gen-Y
sample for market researchers, announced today that it has paid out $2.5
million to its network partners over the past year and expects to pay out
some $5 million in the coming year. Peanut Labs provides respondents for
conducting market research through its sampling methodology integrated into
more than 70 social networks and social applications, including MySpace,
Facebook, and Google OpenSocial. Social networks and applications rely on
Peanut Labs for an additional monetization stream as online advertising
struggles to generate revenues.
A wide variety of publishers and applications have benefited from the
additional, incremental revenues that Peanut Labs has generated for them,
ranging from social applications like Fluff Friends, Oregon Trail or
Makemebabies to blogging sites like LiveJournal and Xanga to gaming sites
like Acclaim, Backstage Technologies or Ijji. Publishers experience payout
rates from market research that tend to be many multiples higher than
revenues generated by online ads.
“Peanut Labs surveys have fit seamlessly into our ‘Scratch and Win’ and
‘Pull Tabs’ applications as our users have appreciated interacting with
surveys to earn additional tokens for our apps,” says Marc Dugas, manager
of Backstage Technologies, maker of casual games for social networks. “Our
partnership has meant an important source of revenues, enabling us to
continue using casual games to increase fundraising and awareness for
charities and non-profits.”
According to a recent Peanut Labs survey, social application use amongst
13-25 year olds has continued to rise, while banner advertising that social
networks rely on for revenues is struggling to inspire clicks, with 52
percent of young Americans surveyed saying they would never or rarely click
on ads in social networks. As social applications and networks continue to
incorporate alternative means of generating incremental revenue beyond ads,
market research will continue to pay partner revenues, building up to $5
million in the coming year.
“Our partnership has proven beneficial for both our gamer community and
Acclaim itself,” said Howard Marks, Chief Executive Officer at Acclaim
Games. “Peanut Labs has allowed us to engage young gamers for their coveted
market research feedback, while allowing them to acquire Acclaim Coins for
new in-game items to continually enhance their Acclaim experience.”
“Our recent survey indicates that Gen-Y is truly enjoying social
applications, regardless of publishers’ monetization challenges,” said
Murtaza Hussain, chief executive officer of Peanut Labs. “These publishers
have begun to realize that Peanut Labs is unique in that we are one of the
few companies to offer them revenue streams for social networks and
applications to monetize social network users.”
About Peanut Labs
Peanut Labs is changing the way online market research is accessed and
delivered, providing unparalleled access to millions of 13-25 year olds
that comprise today’s Gen Y audience. Developer of Sample3.0, the Peanut
Labs sample methodology taps into more than 70 social networks including
MySpace, Facebook, and Google OpenSocial. Sample3.0 is quickly becoming the
online sampling methodology of choice by leading marketing research firms.
More information about Peanut Labs and Sample3.0 can be found at
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