Direct Methods
1. PPC Advertising Networks
Google AdSense is the most popular option under this category, but there are also others. Basically you need to sign up with the network and paste some code snippets on your website. The network will then serve contextual ads (either text or images) relevant to your website, and you will earn a certain amount of money for every click.
The profitability of PPC advertising depends on the general traffic levels of the website and, most importantly, on the click-through rate (CTR) and cost per click (CPC). The CTR depends on the design of the website. Ads placed abode the fold or blended with content, for instance, tend to get higher CTRs. The CPC, on the other hand, depends on the nice of the website. Mortgages, financial products and college education are examples of profitable niches (clicks worth a couple of dollars are not rare), while tech-related topics tend to receive a smaller CPC (sometimes as low as a couple of cents per click).
The source of the traffic can also affect the overall CTR rate. Organic traffic (the one that comes from search engines) tends to perform well because these visitors were already looking for something, and they tend to click on ads more often. Social media traffic, on the other hand, presents terribly low CTRs because these visitors are tech-savvy and they just ignore ads.
List of popular CPC advertising networks:
- Google Adsense
- Yahoo! Publisher Network (YPN)
- BidVertiser
- Chitika
- Clicksor
2. CPM Advertising Networks
CPM advertising networks behave pretty much as PPC networks, except that you get paid according to the number of impressions (i.e., page views) that the ads displayed on your site will generate. CPM stands for Cost per Mille, and it refers to the cost for 1,000 impressions.
A blog that generates 100,000 page views monthly displaying an advertising banner with a $1 CPM, therefore, will earn $100 monthly.
CPM rates vary with the network, the position of the ad and the format. The better the network, the higher the CPM rate (because they have access to more advertisers). The closer you put the ad to the top of the page, the higher the CPM. The bigger the format (in terms of pixels), the higher the CPM.
You can get as low as $0,10 and as high as $10 per 1,000 impressions (more in some special cases). CPM advertising tends to work well on websites with a high page views per visitor ratio (e.g., online forums, magazines and so on).
List of popular CPM advertising networks:
- Casale Media
- Burst Media
- Value Click
- Advertising.com
- Tribal Fusion
- Right Media
3. Direct Banner Advertising
Selling your own advertising space is one of the most lucrative monetization methods. First and foremost because it enables you to cut out the middleman commissions and to determine your own rates. The most popular banner formats on the web are the 728×90 leaderboard, the 120×600 skyscraper, the 300×250 rectangle and the 125×125 button.
The downside of direct banner advertising is that you need to have a big audience to get qualified advertisers, and you will need to spend time managing the sales process, the banners and the payments.
Related links:
- How to Find Advertisers for Your Website
- Finding Advertisers for Your Blog
- Direct Advertising Sales for Beginners
- Openads Ad Server
- OIO Publisher Ad Platform
4. Text Link Ads
After Google declared that sites selling text links without the nofollow tag would be penalized, this monetization method became less popular.
Many website owners are still using text links to monetize their sites, though, some using the nofollow tag and some not.
The advantage of this method is that it is not intrusive. One can sell text links directly through his website or use specialized networks like Text-Link-Ads and Text-Link-Brokers to automate the process.
Text link marketplaces and networks:
- DigitalPoint Link Sales Forum
- Text-Link-Ads
- Text-Link-Brokers
- TNX
- LinkWorth
5. Affiliate Marketing
Affiliate marketing is a very popular practice on the Internet. Under this system you have a merchant that is willing to let other people (the affiliates) sell directly or indirectly its products and services, in exchange for a commission. Sometimes this type of advertising is also called CPA (cost per action) or CPL (cost per lead) based.
Affiliates can send potential customers to the merchant using several tools, from banners to text links and product reviews.
In order to find suitable affiliate programs you can turn to individual companies and publishers like Dreamhost and SEOBook, or join affiliate marketplaces and networks.
List of popular affiliate marketplaces and networks:
- Commission Junction
- ClickBank
- Azoogle Ads
- Link Share
6. Monetization Widgets
The latest trend on the web are widgets that let you monetize your website. Examples include Widgetbucks and SmartLinks. Some of these services operate under a PPC scheme, others behave like text link ads, others yet leverage affiliate links.
Their main differentiator, however, is the fact that they work as web widgets, making it easier for the user to plug and play the service on its website.
List of companies that provide monetization widgets:
- WidgetBucks
- ScratchBack
- SmartLinks
7. Sponsored Reviews
PayPerPost pioneered this model, with much controversy on the beginning (related to the fact that they did not require disclosure on paid posts). Soon other companies followed, most notably Sponsored Reviews and ReviewMe, refining the process and expanding the paid blogging model.
Joining one of these sponsored reviews marketplaces will give you the opportunity to write sponsored posts on a wide range of topics. Not all bloggers are willing to get paid to write about a specific product or website (because it might compromise the editorial credibility), but the ones who do are making good money out of it.
If your blog has a big audience you could also offer sponsored reviews directly, cutting off the commissions of the middleman.
List of sponsored reviews and paid blogging networks:
- PayPerPost
- Sponsored Reviews
- ReviewMe
- BlogVertise
- Smorty
8. RSS Feed Ads
With the quick adoption of the RSS technology by millions of Internet users, website owners are starting to find ways to monetize this new content distribution channel.
Feedburber already has its own publisher network, and you can sign-up to start displaying CPM based advertising on your feed footer. Bidvertiser recently introduced a RSS feed ad option as well, with a PPC scheme.
Finally, some blogs are also opting to sell banners or sponsored messages on their feed directly. John Chow and Marketing Pilgrim are two examples.
Related links:
- Feedburner
- BidVertiser
- Pheedo
9. Sponsors for Single Columns or Events
If you website has specific columns or events (e.g., a weekly podcast, an interview series, a monthly survey, a special project) you could find companies to sponsor them individually.
This method increases the monetization options for website owner, while giving advertisers the possibility to target a more specific audience and with a reduced commitment.
Mashable illustrates the case well. They have several advertising options on the site, including the possibility to sponsor specific columns and articles, including the “Daily Poll” and the “Web 2.0 Invites.”
Problogger also runs group writing projects occasionally, and before proceeding he publicly announce the project asking for sponsors.
10.Premium Content
Some websites and blogs give away part of their content for free, and charge for access to the premium content and exclusive tools.
SEOMoz is a good example. They have a very popular blog that gives advice and information on wide range of SEO related topics. On top of that visitors can decide to become premium members. It costs $48 monthly and it grants them access to guides, tools and other exclusive material.
11. Private Forums
While the Internet is populated with free forums, there is also the possibility to create a private one where members need to pay a single or recurring fee to join.
SEO Blackhat charges $100 monthly from its members, and they have thousands of them. Obviously in order to charge such a price for a forum membership you need to provide real value for the members (e.g., secret techniques, tools, and so on).
SEO Blackhat charges $100 monthly from its members, and they have thousands of them. Obviously in order to charge such a price for a forum membership you need to provide real value for the members (e.g., secret techniques, tools, and so on).
Performancing also launched a private forum recently, focused on the networking aspect. It is called The Hive, and the monthly cost is $10.
These are just two examples. There are many possibilities to create a private and profitable forum, you just need to find an appealing angle that will make it worth for the members.
List of popular forum software:
- vBulletin
- Simple Machines Forum
- phpBB
- Vanilla
12. Job Boards
All the popular blogs are trying to leverage job boards to make some extra income. Guy Kawasaki, ReadWriteWeb, Problogger… you name it.
Needless to say that in order to create an active and profitable job board you need first to have a blog focused on a specific niche, and a decent amount traffic.
The advantage of this method is that it is passive. Once you have the structure in place, the job listings will come naturally, and you can charge anywhere from $10 up to $100 for each.
List of popular job board software:
- JobThread
- Web Scribe Job Board
- SimplyHired Job-o-matic
- Jobbex
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A Beginners Three Step Guide To Affiliate Marketing
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To a beginner, affiliate marketing may sound like a complicated and though to master money making method. But the truth is affiliate marketing is far from being complicated. In fact it’s one of the easiest online money making methods to understand and execute. Affiliate marketing is simply the middle man concept, that has moved from the brick and mortar markets to the digital online market, and found a new identity. It’s a simple yet powerful way to make money online, in which the affiliate (middle man) earns a commission in return for generating sales/leads.
Using affiliate marketing, the seller is expanding his chances of success by reaching more potential buyers through the efforts of his affiliates, and the affiliates make money by selling a ready product, without having to take any risk by investing any of his own money. While it takes some general knowledge and hard work to be a successful affiliate marketer, the one thing that set affiliate marketing apart from other online money making opportunities is the fact that it doesn’t require any special skills or years of training to make money as an affiliate marketer.
Just like any new job or skill, as a beginner affiliate marketer you will face many challenges, but if you truly follow these 3 simple steps, you are sure to succeed as an affiliate marketer.
Choose A Niche
The first step is to find a niche in which you are interested and/or passionate about. Like any other job, doing what you enjoy is an important factor in your success. You can use search engines and online forums to find what people are buying or taking about. Pick one and stick with it. Jumping from niche to niche will not get you far. An example of hot and profitable niche would be the diet and weight loss niche.
The first step is to find a niche in which you are interested and/or passionate about. Like any other job, doing what you enjoy is an important factor in your success. You can use search engines and online forums to find what people are buying or taking about. Pick one and stick with it. Jumping from niche to niche will not get you far. An example of hot and profitable niche would be the diet and weight loss niche.
Find A Product To Promote
Now that you know what kind of market you are going to promote in, it’s time to find a high paying, easily marketable product to promote. This can be done by using affiliate marketing networks such as Clickbank,Commission Junction and etc. Register with some of these sites for free, and search their marketplace for the kind of product you are looking for. Upon getting accepted, you will be given a special link with your own affiliate id encrypted in it, which any time someone uses that link to go to the merchant’s sale page and buy the product, you will be paid a commission. Keep in mind that using more than one affiliate marketing networks, gives you a better opportunity for finding many different related product, since not all merchants use the same AMN to find affiliates. An example of a good product for diet and weight loss niche is obviously a diet plan, fitness program, e-book, gym membership and etc.
Now that you know what kind of market you are going to promote in, it’s time to find a high paying, easily marketable product to promote. This can be done by using affiliate marketing networks such as Clickbank,Commission Junction and etc. Register with some of these sites for free, and search their marketplace for the kind of product you are looking for. Upon getting accepted, you will be given a special link with your own affiliate id encrypted in it, which any time someone uses that link to go to the merchant’s sale page and buy the product, you will be paid a commission. Keep in mind that using more than one affiliate marketing networks, gives you a better opportunity for finding many different related product, since not all merchants use the same AMN to find affiliates. An example of a good product for diet and weight loss niche is obviously a diet plan, fitness program, e-book, gym membership and etc.
Promote And PromoteHere comes the last but most important step for making money with affiliate marketing, promotion. Now that you have your niche and product picked, you need to find ways to promote the product you chose. This can be done in many ways. You can either setup a website or a blog and start driving traffic to your site. You can also use a review site, where you write reviews and articles for a product is a simple yet effective way of promoting a product through your site/blog. Article marketing is another great way to promote products and services.
Another way would be to use sites like yahoo answers or e-how and such to answer or write how-tos related to your niche, and including your special affiliate link in it. Considering how many millions of people use these sites everyday, it is the easiest and fastest way to promote a product. In fact this is the number one way seasoned affiliate marketers use to make money. Because it’s a very targeted market. Meaning since you are answering questions related to your niche, the people who ask the questions are most likely already looking for such product. Plus it’s totally free, since you don’t have to buy your own website. Also, since these sites are already getting huge amounts of daily traffic, you don’t have to worry about driving traffic to them. Instead you can focus all of your efforts on writing good articles that will lead people to buy products your promoting.
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