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Credit Exchange: Entrecards New and Exciting Feature

picture - entrecard logoSo while taking a bit of a glimpse over at Entrecard today after a rough day of card dropping, I noticed a new section on the dashboard called “Exchange Settings”

What are “Exchange Settings”:

By the looks of it, it is a future idea which is being implemented by Entrecard, and what an idea it is! The ability to exchange cash for credits, or credits for cash. Most of you are thinking it is probably a great idea (and I agree, I wouldn’t mind making some money off of my 4,000-6,000 EC that I saved up for this week alone), however there are already a few websites out there currently trying to make a profit off of entrecard/cash trading. Those sites are in some serious trouble if this new feature goes through.

Entrecards new feature - 'Exchange Settings' - this is to trade credits for cash

What does it do right now?

Right now, it does nothing. It is just there currently to gather data on what you think would be the best amount to trade, whether to buy or to sell. It is also noted that Entrecard.com may turn this feature on in the future, without notice! So dig deep and play around with the settings, you never know when you could be getting some money for your credits ;)
Start Your Trades:

For the seasoned blogger who makes a nice earning from other sources, this could be rather pointless. However, for the blogger who just scrapes by to make 1000 credits in a 3-4 days so he can sell off for about $10, it is not so bad. Personally, if I was making more money elsewhere, I’d purchase about 5,000 entrecard credits and advertise everywhere on popular blogs. A lot of “Seasoned” blogs that still bother with entrecard can end up giving you about 100+ views daily. Multiply that by about 30-40 advertisements, that gives you a nice boost. :)
Entrecarders:

Though Entrecard is still rather new, it has gained enormous momentum and profitability. Ads on entrecard.com go for about $3+ using project wonderful (and that is calculated on a day basis, so thats $3+ a day for a single ad spot, when it really has 6 ad spots on the campaign window). Right now, for example, it is at $4.60.

Anyway, Entrecard is coming out with great ideas and is gaining popularity amongst bloggers. It already, in my opinion, surpasses other blogging networks which I have participated in, in the past. So prepare yourselves, new features are coming soon!

29 February 2008 | Entrecard/Contests | 12 Comments

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