What is monetization? It's a pay off for having a web site. Unless you're promoting and selling your own product you could monetize your site by promoting other people's products. Actually, you could sell your own products and promote other related items at the same time. Let's say you're a web designer, you could promote web hosting by way of affiliate links to help you earn extra money. Or, you could review and advertise related software for web designers. There's lots of possibilities if you get creative.
Affiliate advertising is a good way to monetize a site. Businesses pay you for advertising their products and pay a commission based on sales generated by your site. When a customer follows a link from your site to theirs and completes a transaction you then will be paid a percentage of the sale. This can be done by text links or graphic ads supplied by the affiliate.
Make sure you have ample traffic to your site before you start affiliate ads. Why? First of all it takes a lot of traffic to make a conversion. That is to say, sales are only made about 2% of the time. Of course this percentage varies but if you plan on that rate you won't be disappointed.
Lack of Conversions
Many affiliates will disqualify your site for lack of sales. I suppose they have a model to adhere to and a site that doesn't make any or few sales skews their numbers in a bad way.
Some affiliates will accept anyone. Others you will have to go through an approval process. Some will make you fill out a form to submit for approval. You may have to provide the amount of hits and traffic your site gets as well as how your site relates to their product.
- Anyone Can?
When you look at affiliate information on web sites they make it sound as if you can start right away and make money and I suppose some do. But it takes lots of traffic and they don't tell you they can disqualify you whenever they want. Many have a six month policy. If you don't make any sales in that time you can't be an affiliate for them anymore.
Many businesses have an affiliate program. Affiliate links can usually be found at the bottom of the site in all of the links listed at the bottom of the page.
- Commission Junction
This is one of the sites that deals in nothing but affiliates. You have to join their program and they then supply a list of affiliate advertisers in many different categories. You are then paid by them instead of the site your advertising for.
This is another affiliate site that works in the same way as CJ. Make sure you read up on an affiliate site before you join. Some prefer ClickBank to Commission Junction for various reasons. Many say don't put all your eggs in one basket which I would agree with.
- eSellerate, MyCommere and Digital River are different affiliate programs under the same roof.
My advice to you is let your site mature before you join any of these programs. I learned this the hard way. To make any money with affiliates or adsense a site definitely needs a lot of traffic. Get your site up, hopefully you picked a good niche, not all are good and many are flooded, leaving you struggling to get a following. Get up a lot of good, quality content and make your site relevant. I can't stress this enough.
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