Friday, December 19, 2014

Make Money by selling advertising space

The most popular form of making money from a website is by placing ads on it. We all know what it is, but it can make you money in different ways, such as Paid Per Click, Paid Per 1000 Views or Paid Per Time Frame.

The most common form of advertising is Google Adsense which is paid per click, however a lot of people know what Adsense is in some industry’s so perhaps in those markets the other two may be more profitable.

If you want to sell advertising I recommend either complete site domination with Google Adsense, placement is important, where you put it on the site can be the difference between $10 a day and a $100. If you have more traffic or depending on your industry I recommend you sell a small amount of advertising at the highest price possible.


Benefits:
  1. Often guaranteed income
  2. Little effort to monetize
  3. Great way to connect with others in your industry.

Drawbacks:

  1. Takes away from user experience.
  2. If you set a set price per month, you can’t make any more even if you double you traffic.
  3. Advertisers come and go, you have to spend time editing, adding, deleting and finding more advertisers.

Methods :

Pay-Per-Click 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:


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:



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:


Monetizing 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:

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