Last week or so, Seattle based Mpire launched a widget ad network called WidgetBucks. With this widget, bloggers can customize the type of consumer items that they want to appear in the widget.The other option is that Mpire can serve up contextually relevant ads based on the topics they write about just like Adsense. The widgets are used for selling items from 30,000 retailers, including Amazon, Shopping.com, Wal-Mart etc. WidgetBucks shares the cost-per-click revenue with bloggers, promising the equivalent of $3 to $6 CPMs (cost-per-thousand views). When you sign-up with WidgetBucks, you’ll automatically receive a $25 bonus into your account to get the ball rolling. Their minimum payout is $50.

One thing that I like most about WidgetBucks is that their referral system is fair. With the WidgetBucks’ Referral program, affiliates can earn a 10 percent referral fee based on the commissions earned by the people they refer. Affiliates receive this 10 percent for the full 12 months after the new member joins. Payouts to affiliates are monthly, along with their commission checks. To me, paying the affiliates for the 12 months period is a fair way of compensating them. As pointed out earlier,I do not like referral systems that credit the affiliates forever because first sign-ups and high profile bloggers are the only real beneficiaries of such systems. I have, therefore, signed up for WidgetBucks. I just hope that it will be a great monetization tool.You can take a look at my WidgetBucks shop in the sidebar. I will let you know my experience with this widget as we go along.