Another thing would be to specialize in targetting uncontested elections, where the D or R don't have a candidate. Those are often safeish seats, but a 3rd party might be able to get traction.
Or there'd be the extortion effect: "give us a bone or we'll run as a spoiler", for at least having influence. Doesn't work if no one votes for you, though.
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http://kfmonkey.blogspot.com/2007/01/repost-crazification-factor.html
Another thing would be to specialize in targetting uncontested elections, where the D or R don't have a candidate. Those are often safeish seats, but a 3rd party might be able to get traction.
Or there'd be the extortion effect: "give us a bone or we'll run as a spoiler", for at least having influence. Doesn't work if no one votes for you, though.