After following the steps of making a very profitable affiliate blog. Today am sharing how what other thing s you can do to supplement on your affiliate commission which we call multiple streams of income. This is a very good concept because enables you to generate more income by optimizing your visitors actions on the blog.
CREATING YOUR OWN PRODUCT.Alongside promoting affiliate products, if you have if the capacity to make your own product it would supplement on your affiliate commissions. It can either be a physical product or a digital product like an online course, kindle book, software or another product. This is a great option since you can promote them on your blog and also create an affiliate program in order to have more people promoting your product.
PAY PER CLICK (PPC) ADVERTISING.This allows to utilize the visitors on your site mostly when then do not purchase anything and click on on the ppc ads. Ppc adsing is a form of adverting where a publisher is paid whenever a person clicks on an advert on his site. Here you sign up with an advertising network for example google adsense, infolinks and the ads will show up in the select placed of your preference and whenever person clicks on the you will always get a commission.
SELL AD SPACE.Another is to simply sell your own ad space directly to companies looking to sponsor different blogs. For example, you can come up with a price for each space, like: “Sidebar banner ads will cost $xxx per month”.
You can get paid depending on how many visitors you get. Typically this is quoted as a dollar amount per one thousand impressions or(CPM) . So for example, you might see it as: $5 CPM. If the website gets 100,000 visits a month, that ad price translates into $500 bucks.
Amount= No of visitors*cost
The good thing about this approach is that if your site gets a ton of traffic from different sources, your simple banner ad pricing can go up to as high as $5000 per month! However, the obvious downside is that if your site doesn’t get a lot of traffic, you can’t expect to earn as much either.
The other common method when selling ad space directly from your website is a simple direct price. Here you simply name a price (based on what you think it’s worth, relative to what the competition might be charging), and get paid upfront at the beginning of each month. This pricing is also generally a simple flat fee, not tied to a Cost Per Click like Ad Sense.
Where can I let others know that my website is selling ad space?
• BuySellAds – The most popular one.
• Advertise Space – I haven’t tried it, but it should be a good alternative.
ACCEPT SPONSORED POSTS AND ARTICLES (…but use no follow tag)
One of the common ways to making more money from your website means getting those visitor numbers UP.
Once you’ve done the hard work of building steady traffic to your site with an engaged community, there are a few different ways to monetize your hard work.
For example, many companies go out of their way to look for blogs that will feature their sponsored content. ‘Native advertising‘ like this works well because it still lines up with your site’s primary content, so it comes across relevant and transparent.
You can also review the products from a company in an ‘advertorial’ that’s part content, part advertisement. For example, if your website is all about the latest iOS games for iPhones and iPads, the creator of one of those ads would LOVE to have you review and feature their app to your fans.
When done right, this can create a win/win scenario. However done poorly, with irrelevant or inauthentic site content, and it can erode all of the reader’s goodwill you’ve.
Generate ‘leads’ for other companies
Businesses thrive off new leads coming in their door to inquire about their products or services.
It’s no surprise then that they’re always on the lookout, searching for creative ways to find new sources of leads to help them grow.
Let’s say you have a website about teaching math skills. Your reader’s information (like their email address or phone number) would be of great value to different online schools who’re looking to sell their courses to eager, proactive students.
Basically, you’re connecting the dots; playing the matchmaker by introducing two parties who can benefit one another. While it’s similar to how affiliate marketing works, in this case it doesn’t actually matter if your reader ends up purchasing their product or not. They’re just looking for an introduction at this point.
• worked so hard to create in the first place.