Lack of time or money is hardly an excuse anymore for not making your own site as there are tons of available free (or very low cost) tools on the net. But when you actually do start one, it’s important to make sure that you’re earning money from it. When you are deciding about the best monetization method, then you should give thought to your market and their needs, first. The kind of method you go for depends on the type of website you have. It just depends on what you prefer to use as well as what your audience responds to best; such as either banner ad placement or writing good preselling copy. But in order to find the appropriate monetization method that you can apply to your site, you have to go through the ones that are available and get an understanding of them. A lot of marketers with experience have successfully used the following monetization methods with great success. Even though we have discussed three strategies related to commission infusion here, try to have an open mind in your approach to using them.
Let other people get stuck with their fave method or whatever, and there are people exactly like that, and you consider all the possibilities with your business.
Are there any possibilities for using any of these approaches in your business? If so, then what are you going to do about it, now? It is not necessary to do a full-blown campaign if you liked something you read about, here, and that is the beauty of running limited testing. What you want to avoid is spinning your wheels, though, which is what you will do if you proceed with inadequate knowledge. Also there are the human elements to consider such as your particular level of confidence, etc. You will have every reason to be optimistic here, and why should that not be the case, ever?
Have you ever considered setting up a sort of online marketplace? Your capacity would be that of the go-between. It doesn’t matter at all how big or small you are in the beginning; you can still get started and do this. You, as the middleman, will basically provide a central place where people can trade, buy, barter, or sell their goods. Your income will derive from charging a small listing fee once your marketplace is established. Of course you will need some kind of software for this, ideally, but it can be done with smaller apps. Keep in mind this isn’t a short-term business model, but you never know who this will appeal to because people are different.
Ever thought of adding a job board to your website or blog that is targeted towards your niche? This strategy will work the best, though, if you are already receiving a decent amount of traffic to your site or blog. And actually the overall method is easy to implement, as well. For those who appreciate passive income streams, and who doesn’t really, then this may be worth keeping in mind. As far as fees to post a job, perhaps in the neighborhood of $10 up to even $100 if you have a high traffic volume.
Automatic Pay Per Play advertising is yet a newer monetization approach that plays a brief ad as someone arrives for the first time on your site. It never hurts to be open about trying/testing new forms of advertising or monetization, and that’s the story with this one because it is new to IM. Overall, these are all potentially good ways you can start making money from your website. Yet, figuring out how to earn a consistent income from your site may take some time, as quite a few elements come into play. So if you haven’t monetized your site yet, then you need to start working on it right away because the more time you take to put a proper income earning channel on your site, the more money you’re leaving on the table. You’re putting in effort to drive in targeted traffic, why not get the most out of it?