Institute a Layaway Program A layaway program — an alternate form of offering credit to customers — is a way to allow your customers to pay on time without you having to incur financial risk. Ask for a raise. Sell your old cellphone.
Monetiztion ideas: 3 clever ways to monetize your blog
In a bind? Need some fast cash? Some are easier than others, compnaies nearly all require very little to no capital. They are meant to get you through the difficult times. Some of these strategies to make extra money will require you to be in certain locales, while others are location-independent, but it all boils down to being resourceful.
Strategies to increase sales revenue
Some wish to start a blog and make some side income online. Others, to escape routine traffic jams to work, or to expand their business online, or to quit their 9-to-5 job, etc. I truly wish to help those I know accomplish this. But, I can only share so much during in-person gatherings or Whatsapp or Facebook Messenger. Hence, I am writing this long article to share lessons I have learned as a problogger in the last 15 years. PDF format. Or, check out the presentation slides I created based on the points discussed in this article.
Expand Your Market
Some wish to start a blog and make some side income online. Others, to escape routine traffic jams com;anies work, or to expand their business online, or to quit their 9-to-5 job. I truly wish to help those Monsy know accomplish. But, I can only share so much during in-person gatherings or Whatsapp or Facebook Messenger. Hence, I am writing this long article to share lessons I have learned mony a problogger in the last 15 years.
PDF format. Or, strategied out the presentation slides I created based on the points discussed in this article. Depending on what industry you are in and where your blog is at, there will be a better way to monetize your blog. Services are generally hard to sell and therefore generate less revenue but the profit margin is excellent. A lot of top bloggers make a decent living blogging and selling services.
Ad selling generates a yhat of income 2nd best but because ad sellers need to produce a lot of content and sometimes acquire traffic, the profit margins shrink quickly. Affiliate marketing is actually the most profitable monetization tactic, which makes it excellent for new bloggers who need to build an income quick.
This site is mainly funded by affiliate income — and we managed to grow from a one-man-blog into a team of one editor, six active bloggers, and two social media marketers. Own products sales generate the most revenue with great profit margins. The margins are slightly lower than affiliate marketing because of the costs associated with customer service, payment processing.
If you read till this point and you don’t have a blog yet… you must be banging your head right. Read that first and come back to this guide later. But to make money in the long run, you must have two other key elements — a profitable niche and targeted web traffic. Back when I first started my career as an Internet marketer, I made an affiliate site to sell inflatable boats. Can you imagine how many people would purchase an inflatable boat online?
The site averaged not more than two sales per year. It was not worth my time to build that site. The lesson in this: No matter how well written your content or how beautiful your blog design is — if you fail to pick a profitable niche, you will fail converting your effort into money. There are countless ways to find a profitable niche on the Internet. I will cover three methods that work best for me. The same goes to finding a profitable niche. We simply look for industries where advertisers are spending boatloads of money.
Advertisers would not invest that much money unless the ads are bringing back positive ROI. Here are a few tools you can use to find out if the advertisers are spending money and more importantly, how much they are spending. Do a search relevant to your niche on Google or Bing. Is there any advertisers in your search result pages? Another way to determine how much and more importantly, where advertisers are spending on pay-per-click PPC ads is via SpyFu.
Spyfuoriginally GoogSpy, is a search analytics tool that shows the keywords that advertisers are buying on Google Adwords. I use it every time I need to research a niche in depth. Images below are some examples I found using Spyfu Free Search. Each of these searches take less than 5 minutes to complete — and I can learned about the profitability of a niche by just looking at these stats.
There are more valuable details if we go beyond the free search but we will stick to the free edition for. To do your own research, simply key in your competitors or strtegies big players in your shortlisted niche domain into the search bar. Another method I often use to judge the profitability of a niche is looking at the numbers at Commission Junction CJ. The world’s largest social media is actually a great tool to understand the new niche you are getting. Learn more about your target audience, stalk your competitors, strategiees an angle to tackle your niche, and so on.
This is where you can find compahies compare similar pages suggested by Facebook. You can click on each link to find out popular posts published on these pages. Keyword research is usually performed in the beginning of an SEO campaign. Its objective, more often than not, is to identify frequent searched keywords be it short or long tail and set directions for the campaign.
But as most experienced thaat know — there is more to harness from this keyword data. With the right set of keywords, we can also understand the following better and might as well spot new business opportunities :. The more advertisers bidding on a particular search term, the higher commercial value is for that search term. We will then compare these numbers with the amount of results monye and judge the competitiveness and profitability of a niche.
In the following images, I will demonstrate how I use these tools to study a niche and interpret data obtained. This process monney take a very short time less than 30 minutes or it could take days compsnies complete.
It depends on how big your keyword list is and how deep you wish to dive in to understand the business landscape. Movie posters have always been one of my favorite collectibles. Note that I have not done any research before writing this guide — so I am as curious as you are right. To go one step deeper, we can click on the keyword for more details. Pay attention to what type of information the searchers were looking. Can we spot buying intentions in these searches if our plan is to sell movie posters directly?
Also, these keyphrases can be our blogging topics. What if we prefer not to sell physical products? Can we just blog and sell advertising space? If so, what kind of blog? Can you sell ads directly to these merchants? To guesstimate the profitability of this topic, strategies that companies use to make money can apply this keyword data to Spyfu to determine how much advertisers are spending.
To go deeper, we might want to dig into organic search results site back links, onpage optimizations, social media shares. Should we jump in? Is this a good niche? What would be a good angle to approach this niche? One thing, strategiex, I wish to make clear before we end this section — is about how you decide on a niche. Quite a number of tnat advise newbies to avoid steep SEO competition and pick a smaller playing field when choosing a niche.
I believe the exact opposite. Obtaining a targeted audience and serving information they want has always been the key to online success. Before we dive into specific traffic tactics and strategies, let’s talk about stratdgies big overall strategy.
The most effective way to promote a blog is to focus on things that are already working for your blog. Depending upon the nature of your niche and level of understanding, you might look at different types of statistical data. At first look, Google Analytics report can be overwhelming.
So many numbers! And you may not be familiar with some of the metrics or concepts. Go simple. Your objective is to build a better blog for your users, not spending hours after hours learning the technicalities behind Google Analytic numbers.
As you can see — Users are spending more time on some of these pages underlined numbers compare to my site average. Doing so might not give you an instant boost to your blog traffic. But as this snowballs — the magnitude would be bigger than many tactics. Now that we are done with the overall strategy, it’s time to look into some specific blog traffic tactics. Regardless of how Google bashes tp posting practices — this strategy works. Writing quality guest posts on others’ blogs simply is the most efficient way to reach targeted audience and build blog readership.
The key to success, as I see it, is finding the right blogs — those with real readers and social media followers. You can use Topsy or Buzz Sumo to spot popular blogs and influencers in your industry. Or, you can simply take a closer look at the comment section to see if readers are interacting with the bloggers. Always keep in mind that you are blogging for real readers hence the quality of your content is crucial. I have gotten and have seen many others getting some good results via this strategy.
The challenging part in Facebook advertising is that you need to test a lot different ad versions, different countries, different interests. Also read — 20 non-interests based targeting ideas for your next FB ad campaign. Make sure your new posts link back to your old content to draw in traffic. Make new blogger friends and promote each other’s blogs online. Write in a way that makes people want to find out more about you. However, keep in mind that not all freebies are good on their.
You need to offer something in demand so you give the public a reason to talk and share your blog on social media. Remember the whole point of this is about getting traffic. Those loads of free icons?
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Netflix Business Model Strategy
The psychology of making money.
Each of these strategies are powerful revenue generators in the right circumstances, but the optimum choices for your company will depend upon your understanding and knowledge of the customers you serve. Don’t expect to get rich answering questions, but you can generate a few bucks here or there if you’re in a bind. Make Money Explore. You’ll need a good camera and some experience, but you can definitely earn some must-needed income this way no matter strategies that companies use to make money you live. They can include custom logos, inspirational sayings strrategies other topical or trending designs appealing to the masses. Depending on your skills, you could do considerably well on. Sell your product or service in larger purchase strategiee. Some of these are small client gatherings, while others are full-scale events with exhibition halls and concurrent sessions. Learn More. You have to pay them back but it can help if you’re in a bind. Example: Apple-Google-Microsoft-Samsung patent war Some of the largest technology firms in the world, including Apple, Google, Microsoft, Samsung and RIM are locked into a long xompanies ongoing war to acquire and hoard patents. There are loads of platforms that offer comanies small microloans. Access OSRconnect Find business licences and permits Find a scientific research organisation Use our payroll tax calculators Use our transfer duty calculator Find business grants and assistance.
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