Showing posts with label Earn Money. Show all posts
Showing posts with label Earn Money. Show all posts

Thursday, September 2, 2010

How To Make Money Blogging


More and more people are realising that blogging is one of the best ways to start your own online business. It requires minimal start up costs, you can build an impressive and loyal readership over time and once you know how to monetize your blog it can also bring in a decent income that will keep on coming even on the days when you don’t update your blog.
There are several ways to set up a blog online. You could use WordPress, Blogger, or another free site that hosts your blog for you; or alternatively you can set up your own blog under your own domain name.
If you want to make serious money from blogging, you must have complete control over your blog – and that’s something the free blogging accounts won’t give you. You’ll be bound by their terms and conditions and that usually includes not being able to actively promote anything. There are plenty of people who have established a blog only to have it removed without notice some weeks or months later.
It will cost you a few dollars to buy your domain name and set up a web server that will host your blog, but the benefits will far outweigh the cost involved. It can literally be as little as $20 a year we’re talking about here – and that buys you total freedom.
Once you’re ready to set your blog up you’ll need to choose a good theme and layout for it. You might find one that relates to your choice of subject (more on that in a moment) or else there might be one you just like the look of. But there are thousands of templates available for you to use – a simple search on Google will reveal the ones that will be best suited to your topic.
But perhaps the most important question is what you are going to blog about. The whole world is your oyster here – some people blog about their lives in general; some blog about their jobs; some blog about their hobbies; some tell the world about their kids and what it’s like to be a parent, and still others blog about the weird world of celebrities. But whatever you choose to blog about it needs to be something you are passionate about. Don’t forget, you are going to be writing about this topic several times a week, and if you don’t have the enthusiasm for it, that will show in your posts – and no one else will have the enthusiasm to read them.
Okay – so you’ve got your subject. Now you have to start writing your blog posts. If you take a look at just a few of the blogs already online, you’ll notice that the length of the posts varies a lot. Some people only write a paragraph or two each time, but you’ll get better results if you go for something a little longer than this. Around 400 to 500 words makes for a good post with a lot of information in it; some people write hugely long posts that are thousands of words long and could be called an e-book by another name.
But you can also take the format of this blog, by posting a short blog entry which leads into a longer article. This has the benefit of highlighting a lot of blog posts on the home page of the site, and people can then click through and read the ones they like the most.
You should remember however that there are no real rules when it comes to blogging. Over time you will naturally find what works for you, and your blog will settle down into a nice pattern that both you and your readers will enjoy. You’ll find your character and personality will start to come through in your writing too; don’t fight against this as it is one of the hallmarks of blogging. It is, after all, a personal account of an individual’s life and experiences, so show people what you’re made of! You’ll get a more loyal – and bigger – audience like this.
So you’ve got your blog up and running and you’re posting to it on a regular basis. The next step is to get it in front of as many interested eyeballs as possible.
One great way to do this is to submit it to as many of the social bookmarking sites as possible. You can also join social networking sites and build a profile which contains a link to your blog. Other no cost ways to generate traffic include writing free articles for article directories with a link to your blog at the end, and creating signatures at the end of any posts you make to internet forums, and also in all the emails you send out. When you really start thinking about it, you don’t actually need to spend anything to generate plenty of traffic.
All we need to do now is monetize the blog itself. You’ll want to generate some money from all the visitors you’ll start getting, and there are plenty of ways to do this easily. Google Adsense is probably the most well known method – you can join the program for free and display contextual ads that your visitors will be interested in to maximise your click through rate.
There are also a handful of websites which give you the opportunity to get paid for each blog post you make on a specific subject. Pay Per Post and Review Me are two such examples, and they will pay you a certain amount of money to review a product or website for the owner. In a similar vein you can also review and recommend other people’s products through affiliate links inserted into your blog posts, and earn money on commissions earned through any purchases people make.
And once you’re more established you can offer ad space on your blog too, and charge a fee for both classified and display ads if you wish. What could be better than setting your own price?
But there is one final step you can take with your blog if you enjoy a change of scene every now and again. You can sell your blog! Once it is established and has plenty of revenue and traffic, you can usually sell it for ten times its monthly revenue.
And then, you can start all over again with a whole new subject!
So that’s it – profitable blogging in a nutshell. If you have any questions feel free to leave your comments in the form below. And once you’ve done that, get out there and get started building your first blog today.
Read more >>

Wednesday, July 1, 2009

6 more free steps to making money online

If you read my previous article you will know that the goal of these articles is to teach you ways to get started making money online without having to spend any money.

This is the second in the series and this time we deal with having your own blog. There are endless ways of making money once you have traffic, and your blog will get you traffic. The income we will be looking at today will come from Google Adsense.

There are multiple benefits to having a blog including the low cost (or no cost), the resources that will help you get traffic to your blog and the fact that you can provide your blog as an RSS feed. An RSS feed will allow readers to automatically receive your updates into their RSS reader.

Let's get started with our 6 steps.

1. Set up your blog. You will need to decide what you are going to blog about. You should decide on a theme and name your blog appropriately.

There are a number of free ways to set up a blog & to have it hosted for free. We will go with Blogger.com for our first blog.

Blogger will allow you to set up a blog for free they will host it for free and they will ping search engines every time you update, meaning you will get spidered & found.

Visit blogger.com & click the button on the front page labelled 'create your blog now' then follow the step by step instructions that Blogger provide.

Some key settings you will want to get right are:

I) 'Host your blog at Blogger' = Yes
II) 'Add your blog to our listings' = Yes
III) 'Ping Weblogs.com' = Yes
IV) 'Publish Site Feed' = Yes

2. Write some content. Before we move any further there has to be some information on the site & that means that you have to make some entries. You can write some of these entries yourself & some can be quotes from sites of interest to your reader that you can post using the Google Toolbar.

You can download the Google toolbar for free at toolbar.google.com. The toolbar includes a Blogger button. When you visit a site that has something of interest to your readers you can highlight the appropriate text & click the Blogger button. The content will then be added to your blog along with a link back to the site.

3. Once you have some content eg a weeks worth of blogging with 1 or 2 entries for everyday, you can apply for an adsense account. When you sign in to Blogger you will see an invitation to join Adsense. Use this link and apply for an account.

You can find out all about Adsense on the Adsense page but basically you get Google ads on your site & get paid if your visitor clicks them.

Google will decide what adverts show on your site based on the content it finds within.

You need to be aware that Google will decline your application if your site is not considered to have content. Nobody outside of Google knows the precise rules on this.

Once you have been accepted you can get some javascript from Google to add to you site. Copy this & then log in to Blogger.

Once you have logged into your blog you will see that one of the tabs across the top of the screen is labelled 'Template'. Click this. You will need to know a little bit of HTML to help find the right location to paste your Google code. But with a little experimentation you will find the right place for you. See the resource box at the end of this article for more help.

I would suggest that the ads need to be seen when the site loads but should not be too obvious or dominate your site.

4. Write some more content. Try and keep your content coming at regular intervals as a number of directories will check on your site at regular intervals & the smarter ones will visit on a schedule based on your update schedule. They will probably determine this in the hours after you first submit to them. Which is what we will do next.

5. Submit your site to Blog & RSS directories. Because you are hosting at Blogger, Weblogs.com will already be notified when you update your blog. (That means that every time you make a new entry they are automatically notified) You will need to manually submit to the various other directories some of which will require a link on your site to theirs.

You can add these links to your template below your Blogger logo. For a list of directories to get you started visit www.themoneyseed.com/rss

6. Keep writing interesting content. Ideally you want people to come back again and again. As with customers its harder to get a new visitor than to keep existing visitors. So make it interesting, in fact make it so interesting that they can't help but tell all their friends about it also.

As with most free ways to make money this will take time to get going, but if you can build a following you will make money.
Read more >>

Sunday, June 14, 2009

Simplest, Cheapest and Easiest Money Making Ideas for Your Online Business

Essentially there are 5 tremendously powerful methods to make money online. These methods were not always available but have only become available due to the large amount of internet commerce being conducted each and every day online. While it is possible to make money, and lots of it, using other methods, these are in my opinion the best for 3 reasons. First, they are some of the cheapest methods around. Imagine running a business for an entire year where your total cost was less than $1 a day. Secondly, these methods are fast to implement. Some of the methods can have you up and running in hours, if not only a day or two. Lastly, these ideas are simple. When it comes to working online, simpler is better and complex is dead.

5 Simple, Cheap and Easy Money Making Ideas.

ONE. Making Money the Google Cash Way.
Google Cash is a term coined by Chris Carpenter. In his amazing eBook, he teaches you how to start a profitable advertising business by using Google Adwords to promote products to web searchers on the Google search engine. The strategy is simple. You create ads to attract interested people. When they click on your ad you are charged for that click. The visitor is directed to your site where you can sell them products. The advantage is you get to leverage the Google traffic. You can purchase clicks for as low as 5 cents. Lastly, done properly, you can test dozens of different ads and campaigns allowing you to perfect your selling system.

TWO. Making tons of money selling someone else’s stuff.
Affiliate marketing is the manner in which you market a product for someone else, known as the merchant. In return for providing a qualified buyer, the merchant agrees to pay you a commission. The beauty of this type of business is that you can take advantage of hot products; you can easily create a large cash flow by setting up dozens of small income streams promoting hundreds of products. In other words, the business is scalable. Once you learn to make money selling a product for one merchant, you can reproduce that for another. For this to work, the critical step that you need to master is getting traffic. You can use the Google Cash method or start your own site. Getting traffic, either inexpensive or free will be the lifeblood of your business.

THREE. Turn Treasure into Dollars with eBay.
In case this is your first week using the internet, I will briefly explain eBay. They are the world’s largest online auction system. People from all over the world, lots of people, using it each and ever day to sell everything from toasters to Hummers. In order to make money on eBay, you research what is selling at the moment; source that product for at great price and then start creating auctions. Of course, that all sounds easy, but the truth is there is a lot of work involved, especially if you have to ship all those products from your house. If you are organized, can research or can use the software to do that research for you, and can negotiate with suppliers than you can really make money with eBay.

FOUR. Drop Ship It.
The thought of storing boxes and boxes of products at your house may have you running away from eBay. Thank goodness there is something called Drop Shipping. A drop shipper is a wholesaler who will sell you their products at near wholesale prices and ship them directly to your customer. World Wide Brands maintains a directory of wholesaler and drop shipping companies giving you access to over 2 million products to sell on eBay. The good news is that once you have access to your own products, you can now use the first three methods to market them. Do you see the power now? Maybe you used the first two methods to market someone else’s product. Now you can get a better profit margin by drop shipping your own products using these same methods.

FIVE. Write yourself rich.
The first 4 methods involved selling someone else’s products for a commission or profit margin. If you want to make the most money, you have to produce and sell your own products. An exceptional item to sell online is information. In particular, eBooks, software, audio and video products have incredible profit margins. But, you think, you have no writing skills. What are you to do? Easy, hire people to do the work for you. This is an amazing way to leverage the skills of someone else. Pretend you have an idea for a new software program. There are many resource sites where you can hire people to work for you. Depending on your product idea, you can get the software coded for $100, $200, maybe even $300. Then the product is yours to resell. You can keep 100% of the profits. You can do the same thing writing a book. Writing is not that hard. Maybe you produce a newsletter. You could combine your articles into an informational eBook. As with software, you can even hire a ghost writer to do the work for you. Once you have your product, you can enlist the power of a site like Clickbank to help you sell it.

There you have it. The 5 best ways of making money online. It is now up to you to master one or more of these ideas. A great idea is to start with one method and become masterful at it. Next, spread out to another and then another. Next thing you know, you will have streams on income flowing into your business.

Read more >>

Friday, February 6, 2009

28 Ways to Make Money with Your Website

There are several lists with “ways to make money with a website” on the Internet, but none of them seem to be complete. That is why I decided to create this one. If you know a method that is not listed below, just let us know and we’ll update it.


Notice that ways to make money with a website are different from ways to make more money from it. Methods to increase your traffic or click-through rate will help you make more money, but they do not represent a method of making money per se.

For example, one could suggest that blending AdSense ads with the content is a way to make money from a website. In reality it’s not; it’s just a way to make more money by improving your ad click-through rate. The real monetization method behind it is a PPC ad network.

The list is divided into direct and indirect methods, and examples and links are provided for each point. Enjoy!

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:

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:

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:

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:

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:

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:

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:

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:

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).

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:

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:

13. Marketplaces

Sitepoint is the online marketplace by excellence. Some websites and blogs, however, are trying to replicate that model on a smaller scale.

Depending on your niche, a market place that allows your visitors to buy, sell and trade products could work well. Over the time you could start charging a small fee for new product listings.

The problem with this method is that there are no standard software on the web, so you would need to hire a coder to get a marketplace integrated into your website.

You can see an example of a marketplaces being used on EasyWordpress and on Mashable.

14. Paid Surveys and Polls

There are services that will pay you money to run a small survey or poll on your website. The most popular one is called Vizu Answers.

Basically you need to sign up with them, and select the kind of polls that you want to run your site. Most of these services operate under a CPM model.

15. Selling or Renting Internal Pages

Million Dollar Wiki made this concept popular, but it was being used on the web for a long time around (check Pagerank10.co.uk for instance).

These websites sell for a single fee or rent for a recurring fee internal pages on their domain. Usually they have either high Pagerak or high traffic, so that people purchasing a page will be able to benefit in some way.

Implementing this method on a small blog would be difficult, but the concept is interesting and could be explored further.

16. Highlighted Posts from Sponsors

Techmeme probably pioneered this idea, but somehow it has not spread to other websites. The tech news aggregator displays editorial posts on the left column, and on the sidebar they have a section titled “Techmeme Sponsor Posts.”

On that section posts from the blog of the advertisers get highlighted, sending qualified traffic their way. Considering that the monthly cost for one spot is $5000 and that they have around 6 sponsors at any given time, it must be working well.

17. Donations

Placing a “Donate” link or button on a website can be an efficient way to earn money, especially if your blog is on a niche where readers learn and gain value from your content.

Personal development and productivity blogs, for instance, tend to perform well with donation based systems (one good example being Steve Pavlina).

A small variation of this method appeared sometime ago with the Buy Me a Beer plugin. This WordPress plugin enables you to insert a customized message at the bottom of each article, asking the readers to chip in for a beer or coffee.

18. In-text Adverting

In-text adverting networks like Kontera and Vibrant Media will place sponsored links inside your text. These links come with a double underline to differentiate them from normal links, and once the user rolls the mouse over the link the advertising will pop. Should the user click on it the site owner will make some money.

Some people make good money with this method, but others refrain from using it due to its intrusiveness. It is also interesting to note that very few mainstream websites have experimented with in-text advertising.

19. Pop-ups and Pop-unders

Pop-ups are a common yet annoying form of advertising on the Internet. If you are just trying to make a much money as possible from your website, you could experiment with them.

If you are trying to grow the traffic and generate loyal visitors, however, you probably should stay away from them. Just consider the hundreds of pop-up blockers out there: there is a reason why they are so popular.

Ad networks that use pop-ups:

20. Audio Ads

Also called PPP (Pay Per Play), this advertising method was introduce by Net Audio Ads. the concept is pretty simple: play a small audio advertising (usually 5 seconds) every time a visitor enters into your website. The user should not be able to stop it, creating a 100% conversion rate based on unique visitors.

The company is still rolling tests, but some users are reporting to get from a $4 to a $6 CPM. Regardless of the pay rate, though, this is a very intrusive form of advertising, so think twice before using it.

21. Selling the Website

Selling your website could be your last resource, but it has the potential to generate a big sum of money in a short period of time.

Market places on online forums like DigitalPoint and Sitepoint are always active with website buyers and sellers. Keep in mind that they most used parameter to determine the value of a website is the monthly revenue that it generates, multiplied by a certain number (the multiplier can be anything from 5 to 30, depending on the expectations of the seller, on the quality of the site, on the niche and other factors).

Some people also make money trading and flipping websites. They either create them from scratch or buy existing ones, and after some revamping they sell them for a profit.

Related links:

Indirect Methods

22. Selling an Ebook

Perhaps one of the oldest money making strategies on the web, using a website to promote a related ebook is a very efficient way to generate revenue.

You could either structure the website around the book itself, like SEOBook.com, or launch the ebook based on the success of the website, like FreelanceSwitch did we the book How to be a Rockstar Freelancer.

Related links:

23. Selling a Hardcover Book

Many authors and journalists leverage their blogs or websites to sell copies of hardcover books. Examples include Guy Kawasaki, Seth Godin and Malcolm Gladwell.

While most of these people were already renowned authors before they created their website, one could also follow the other way around. Lorelle VanFossen did exactly that with her Blogging Tips book. First she built her authority on the subject via her blog, and afterwards she published the book.

List of self publishing and publishing services:

24. Selling Templates or WordPress Themes

As more and more people decide to get an online presence, website templates and WordPress themes become hotter and hotter.

On this segment you have mainstream websites like TemplateMonster, as well as individual designers who decide to promote and sell their work independently.

Brian Gardner and Unique Blog Designs are two examples of websites that make money with the sales of premium and custom WordPress themes.

25. Offering Consulting and Related Services

Depending on your niche, you could make money by offering consulting and related services. If you are also the author of your blog, the articles and information that you will share will build your profile and possibly certify your expertise on that niche, making it easier to gain customers.

Chris Garrett used a similar strategy. First he created a highly influential blog on the blogging and new media niche, and afterwards he started offering consulting services to clients with related problems and needs.

26. Creating an Email List or Newsletter

Email lists and newsletters represent one of the most powerful marketing and money making tools on the Internet. They offer incredible conversion rates, and the possibility to call people to action in a very efficient way.

Creating a big list is a difficult task though, so if you have a popular website you could leverage it to increase the number of subscribers on your list.

Yaro Starak is a famous Internet marketer, and if you visit his blog you will notice that right on top he has a section encouraging visitors to subscribe to his email newsletter. Yaro generates five figures in revenues each month from his email newsletters, proving that this method works.

List of software to manage email newsletters:

27. Mentoring programs

People are willing to pay for someone or something that will teach them and give them knowledge (as opposed to mere information). Education is one of the biggest industries in the world, and the online landscape behaves in a similar way.

Creating a mentoring program related to the niche of your website could be very profitable if you manage to structure and promote it adequately. There is a wide range of media and tools that you can use to deliver the information, from text articles to audio and video lessons.

Brian Clark leveraged the success of Copyblogger to launch a mentoring program teaching people how to build membership and how to sell content online. The program is titled Teaching Sells, and it costs $97 monthly. Sounds expensive, but they have over 1,000 members.

28. Creating a conference around the website

If your website takes off and becomes an authority on its niche, you could create a conference around it. Depending on the size of your audience, the event could attract thousands of people, and you could make money directly from conference passes and sponsors.

Search Engine Land, for instance, created a series of conferences that visit several cities on the United States and on other countries as well. The conferences are called Search Marketing Expo, and the tickets and passes cost thousands of dollars.



Read more >>

Thursday, February 5, 2009

How to make money on your news content website

his article is designed to help journalists learn how to make extra money, or even a full-time wage, by publishing independently online. It is not intended to provide an online revenue model for established news organizations. Heck, they've got business managers. They shouldn't need a wiki to show them what to do.

Content websites typically earn money through one of four ways:

  • Commissions / Affiliate links
  • Advertising networks
  • Selling your own ads
  • Paid content
  • Sponsorships/Grants

Once you have ads on your site, you will want to compute the eCPM (effective cost per thousand impressions) of revenue that each ad type is earning for you. You calculate eCPM by taking the total amount generated by an ad (or ad type), diving it by the number of pages on which that ad (or ad type) appears, then multiplying by 1,000. Let eCPM data help you decide which advertising type, layout and position work best for you.

Commissions / Affiliate links

Affiliate programs, such as Amazon.com's Associates Program, provided the first ways for early solo and small Web publishers to make a few bucks on their websites. In these programs, an online retailer will pay you, the publisher, a percentage on sales made after customers click through from your website to the retailer's site. Links can include traditional banner ads, search forms and links to individual products.

Because you only earn money when sales are made, affiliate programs will work best for you if your site's readers are consistently looking to make high-priced purchases -- for example, if you run a product review site. If you're interested in affiliate program, browse through merchant directories like Commission Junction and LinkShare to find retailers that offer products that fit your site's topic and audience.

Once registered with a merchant's program, you can create an ad or product link on your site using a snippet of Web code downloaded from the retailer. Some merchants go further and allow you to create virtual storefronts that match the design of your site, but where the retailer still handles all the inventory and commerce. Be careful setting up such arrangements -- unless you want customers coming to you for return and refund questions instead of to the retailer.

You'll want to note what percentage of a sale the retailer pays back to you, as well as the length of time after a sale that you get credit for the purchase. Some retailers limit credit to sales made on the initial click-through, but others will give credit for any sales made within a day or so. Also, some retailers will pay a commission on purchases you personally make after clicking your own links; others may kick you out of the program for doing that. Check a retailer's affiliate agreement and shop around for what you consider the best deal before putting links on your site.

Many publishers have found that links to individual products return more commissions than banner ads going to a retailer's home page. But the additional money those links earn might not be enough to justify the extra time that selecting and maintaining them requires.

Advertising networks

Most news websites earn the bulk of their money through advertising. But you don't need a sales staff to attract advertisers to your site. Ad networks can handle the sale and display of ads on your site. All you need do is drop a few lines of code into your Web pages where you want the ads to appear.

The most popular ad network for independent publishers is Google's AdSense program. AdSense is a "pay per click" (PPC) program, where you earn money each time one of your readers clicks on a Google-served ad. Since you earn money on clicks, rather than completed sales, PPC ad networks can provide a more reliable source of income for sites whose readers are not looking to make a purchase right away. Other notable PPC ad networks include the Yahoo! Publisher Network and Ad Voyager.

Most PPC ads are text, but some PPC networks also sell image and Flash ads. Ads are sold and displayed based on an auction system, where advertisers bid on selected keywords and phrases that appear on network websites. The ad network looks for webpages displaying its ad code, then matches what it determines the content of a webpage to be with the most appropriate keywords and phrases that advertisers have bid upon. The network then automatically weighs several factors in determining which ads to serve on the page, including the value of those bids; advertisers' remaining budgets for those bids; what percentage of readers have clicked on those ads in the past; and, in Google's case, the percentage of those readers who have made a purchase or read a designated number of pages on the advertiser's site.

Google's "Smart Pricing" program will adjust the amount paid to you for each click based on your readers' track record of making a purchase, or viewing a certain number of pages, on that particular advertiser's website. So if your site attracts motivated buyers, you remain in the best position to earn money.

Whatever you do, do not even think about clicking the ads on your site, or encouraging your readers to do the same. All PPC ad networks prohibit click fraud, and will boot from their program any publisher found to be inflating their number of clicks. Even well-intentioned discussion board participants can get a publisher booted from the program by encouraging other readers to click the ads to support the site. Google, for example, has suggested publishers concerned about their readers' conduct add this disclaimer to their site:

"Your postings to this site may not include incentives of any kind for other users to click on ads which are displayed on the site. This includes encouraging other readers to click on the ads or to visit the advertisers' sites, as well as drawing any undue attention to the ads. This activity is strictly prohibited in order to avoid potential inflation of advertiser costs."

If you don't think PPC ad networks will work for you because your site's target audience is defined by demographics, such as geography or a religious or political affiliation -- don't worry. Traditional ad networks such as BlogAds provide an alternative to the PPC networks. BlogAds sells its ads on a more traditional site-targeted model. Advertisers do not bid on keywords or phrases, but instead pay for their ads to be displayed a certain number of times on selected websites or groups of websites. BlogAds has become especially popular on political blogs, where advertisers can buy across a group of liberal or conservative weblogs.

Design to maximize online ad revenue

Since PPC ad networks target their ads primarily by topic, rather than geography or demographics, that makes these networks work better with niche topic websites than with sites that target their readers by geography or other demographics, such as gender, education, income or political affiliation.

For the system to work well for you, the PPC network's spiders must be able to determine a topic for each of your webpages and then must match keywords or phrases that advertisers have bid upon. That means the advantage goes to websites where each page covers a distinct and easily identifiable subject. So if you have a blog that covers a mishmash of topics on a single URL, you won't elicit the targeted ads that lead to high-paying clicks.

If you want to use PPC ad networks, organize your content to limit individual URLs to a specific topic. Break long blogs into individual entries. Archive old posts and stories by subject matter, not just by date and author. Stay active on discussion boards, keeping threads on topic and directing folks to more relevant pages should they stray toward other subjects. Use keywords in headlines, decks and URLs whenever possible. And spell out keywords, phrases and proper names on first reference, rather than using acronyms throughout the piece. (See, old fashioned copy editing rules *can* help you make money!)

Well-organized pages on individual topics also show up better in search engine results, attracting Web surfers curious about a specific keyword, who are more likely to click on a targeted ad. Publishers who create evergreen articles that are likely to attract a high number of links and clicks over time will do best in attracting search engine traffic to their ad-supported webpages. If you publish time-sensitive articles, which are not likely to have a long-enough shelf life to attract significant search engine traffic, consider swapping out or archiving articles on the same topic to a single URL, so that URL can get linked to and picked up in search results.

Where you place ads on a page affects how many of your users see them, and click. According to recent Google research, top performing ad formats include:

  • Large box ads placed in the middle of your main content column;
  • Skyscraper ads placed in a left-side column;
  • Leaderboard ads placed at the top and the bottom of the main content column.
Customize the ads' colors to match the background, type and navigational colors of your site, too, to eliminate "banner blindness" and maximize their visibility to your readers.

Then keep an eye on your ads to make sure that they remain relevant to your site. To a reader, ads -- like anything else on your pages -- are part of the content of your website. If an ad network fails to deliver consistently relevant ads, dump it and try something else. Respect your readers by not bombarding them with irrelevant advertising and they will respect you by continuing to read your site.

Think twice before installing pop-up, pop-under and screen "take-over" ads, too. Many readers steer clear of sites that block their access to the content they're looking for with aggressive advertising. Keep your website a safe haven for these ad-weary readers and you can build its audience over time.

How much traffic do you need?

With advertising, the more readers you have and page views you serve, the more money you can make. But how much traffic do you need to make a living from your website?

To make $36,500 a year, you'd need to earn $100 a day on your site (plus whatever expenses you incur). Let's assume your site is attractive to advertisers and earns $10 in ad revenue for every thousand page views. That would mean you'd need to serve 10,000 page views a day to meet this target. (And more if your site earns less than $10 per thousand page views.)

How can you attract that much traffic? If you are writing one article a day on subjects that will be out of date within 24 hours, it's going to be tough. You'll need to attract nearly 10,000 views each day for that's day article, since few people will bother reading your old, out-of-date work. If you write a fair number of "evergreen" features, which keep attracting page views long after they are written, you'll find the task much easier. If your site naturally deals with "perishable" news content, at least publish each day's new news to the same URL, overwriting or pushing down the old content, so that URL can build the in-bound links and search engine traffic that will help you attract new readers you need each day.

Reader-contributed content can also help you meet your page view goals. Well-managed, thoughtfully organized discussion boards and wikis can add dozens of new content pages a day to your site, with much less effort on your part than writing that many original articles.

Selling your own ads

If you don't want to share your ad revenue with a network, or if your site isn't the type to do well with PPC ads, you might consider selling space directly to advertisers.

First, you will need solid information about your site's visitors. Ultimately, what you are selling to advertisers is access to your readers, so you'd better know how many, and who, they are. A traffic tracking service like Google Analytics can provide accurate trafiic data that filters out hon-human traffic like search engine spiders and automated robots (which can account for up to 90 percent of a site's overall traffic). Make Money also provides reader tracking, along with some crude demographic information about your site's readers.

You should also consider conducting a survey of your readers, to get more detailed information about their demographics and behavior. SurveyMonkey provides easy-to-use tools to set up such surveys.

Once you have advertisers, you will need a system to serve and manage ads, such as OpenAds, as well as system to invoice your advertisers, such as Blinksale or PayPal. (PayPal's invoicing system does not require your advertisers to have a PayPal account, just a credit card.)

Set up a page on your site, linked from the header or footer, that provides data about your site's traffic and visitors, as well as a list of available ad packages. You might also provide a well-designed PDF version of the same data, as decision-makers often prefer "hard copy" versions of this information. (If you need free software to convert Word documents to PDFs, OpenOffice does this with a single mouse click.)

If your advertising page does not generate enough leads to support your site, you'll need to make cold calls to potential advertisers, via e-mail, phone or in person. You'll have the best luck with smaller businesses that do not place ads through agencies, but where the owner makes his or her own ad decisions.

Paid content

Given the variety and depth of information available on the Web, you have to provide truly unique content of high value to specific readers to get those readers to pay for it. The fact that a paid journalist wrote an article for you does not mean it's worth paying for to a reader. Detail-oriented publications such as Consumer Reports and Cook's Illustrated have had success selling the results of their independent testing online. And, of course, porn sites have been earning big bucks from paid content since the Web's earliest days. But general-interest publications, such as the Los Angeles Times, have found that walling off content to paid subscribers has generated less revenue than the company could have earned by selling advertising on freely available pages.

If you are certain that your content is unique and valuable enough that readers would be willing to pay for it, you'll need to select a way to handle payments from your readers. The system could be as easy as asking readers mail you a check in exchange for your putting them on e-mail content distribution list -- a method which offers the advantage of not requiring any advanced Web server security set-up. Or you could restrict access to certain folders on your website to readers whom you assign log-ins after they buy a subscription. Such restrictions are relatively easy to set up on Apache webservers. Payment can be handled manually via postal mail or phone, or automatically through an e-commerce storefront. (Many Web hosting packages include e-commerce storefronts.)

Read more >>