Slide Confirms Cuts to Ad Sales Staff, Continues to Shift Focus

slide_logo_sm.gif

Late last month, we reported that direct to consumer virtual goods sales were now accounting for at least half of Slide’s revenues, and that the company is working on its own payment platform. Today, GigaOm reports that the company has laid off several members of its sales staff. Levchin confirms that the company is refocusing on larger, custom integrations in the $500,000 range instead of lower-margin deals in the $30,000 to $50,000 range.

The changes reflect the difficulties Slide has had selling more “traditional” ad units inside their network of social applications. Nevertheless, the company still claims a monthly audience of over 150 million uniques across Facebook, MySpace, hi5, Orkut, and other social networks – reach that still puts it in a league with only a few other application developers.

While Slide will certainly be focusing on larger, more custom sponsored integrations across its ad network, I continue to think Slide’s virtual goods business and payment products are going to be a much more significant part of the company’s future than most expect. Slide’s executive team built, ran, and sold Paypal, so it’s hard to find a front office more expert in the dynamics of e-commerce, payments, and emerging web platforms.

Facebook Marketing Bible -
The Guide to Marketing your Brand, App, Website, or Content Inside Facebook

Leave a Reply

One Response to “Slide Confirms Cuts to Ad Sales Staff, Continues to Shift Focus”

  1. Slide Brings In More Premium Ad Revenue With Katalyst Video Deal says:

    [...] the company’s revenues up three times above what it made last year. So, its decision to refocus from more traditional online advertising earlier this year seems to be working — at the time, it said virtual goods had already become [...]

Inside Facebook Sponsors
Votigo LifeStreet Nanigans Frima GREE Appmau PangeaMedia Shoutlet
Featured Company
Jobs of the Day

TinyCo
San Francisco, CA

Virgin Atlantic Airways
Norwalk, CT

SponsorPay
San Francisco, CA

More Research & Information from Inside Facebook

Sign up for free email updates beyond today's news.

 

WebMediaBrands
Mediabistro | All Creative World | Inside Network
Jobs | Education | Research | Events | News
Advertise | Terms of Use | Privacy Policy
Copyright 2012 WebMediaBrands Inc. All rights reserved.