Using Banners to market your web site
Banner advertising is on just about every web site you visit today. Banners are a form of advertising. This advertising is used to help pay for the site and help make the owner money. Regardless of the type of business or web site you have, you can use banners to help increase your income. The advertising revenue generated from banners falls into 3 groups: Pay Per Impression (PPI), Pay Per Click (PPC), and Pay Per Sale/Lead (PPS).
Pay Per Impression
With PPI banner advertising you are paid each time your advertiser’s banner is shown on your web pages. A term CPM is often used with banner advertising. It means cost per thousand, which basically means you will be paid $x.xx for every 1000 banners displayed to the visitors of your web site This is the easiest method to earn money with as every time someone visits your web site you get paid. However, this is not used very much and is very easily abused. If you have a 1000 visitors per day and are paid $5 per thousand then you make $150 per month. As an advertiser you do NOT want to use PPI. It would be like paying the newspaper or phone company money every time they said someone opened the newspaper or phonebook.
Pay Per Click
With PPC banner, you are paid more than with PPI but only when the visitor actually clicks on the banner rather then just seeing it. With PPI you many be paid $5.00 CPM (per thousand) and with PPC you could be paid $5 per click. However, not as many will click on the banner. Banner design has a lot to do with what we call the conversion rate. That is basically how effective is the banner. Conversion rates for banners is usually less than 1%. A very good banner may have a 5% conversion rate. Remember that is a passive income stream. It is working around the clock and requires no work on your part. So, if you have 1000 people a day coming to your web site and you have a 1% conversion rate with a payment of 50 cents per click, you could be earning $150 a month just for having the banner there. As an advertiser this is a little better than PPI. At least now the visitor is on your web site and you have a chance to gather information about them and possibly sell them your product or service.
Pay Per Sale/Lead
PPS banner advertising using pays the highest dollars of these three methods, but only generates income when the advertiser makes a sale to someone visiting from your web site It will have the lowest conversion rate of the three. PPS banners only work well for the web site owner if the advertiser does a good job with the banner design (creating a desire to click), selling (presenting information), and closing (getting the sale). None of these do you control directly. Selecting PPS advertisers for your site should be well thought out. As an advertiser, this is the preferred type of banner advertising.
Where to find advertisers
I think the best place to find people that want to place banner ads on your site will be the affiliate programs. This is also a good place for you to advertise that you would like to place banners on others sites as well. Read the pages carefully. Banners can be expensive if you don’t generate any sales.
If you have friends or business associates that you do business with you can ask them if they would like to place a banner on your site or if you could place a banner on theirs. These exchanges become more and more popular as your site becomes more popular as well.
A new source for banner ads are from the major search engines. Google Adwords are probably the best known new source for advertising on a pay per basis. This works both ways. You can pay to have your ad/banner placed on others sites as well as have other web site ads placed on your site. When your ad is displayed and someone clicks on it they will visit your site and you pay Google for the visit. When you allow Google to place ads on your site and someone clicks the ad, you get paid.
In the resource section of rd-webhosting.com you will find more information on using banners to market your website.
Using Classified Ads to market your web site
Classified ads are just like in the newspaper. They are small detailed ads that offer your product or services and provides a contact (your email or web site). A quick search on Yahoo for classified ads will find over 58,000,000 entries for sites and people who will either sell or place your classified ads on their web sites.
Classified ad sites fall into two categories: Free and Paid. Free sites should be avoided. BE CAREFUL… most free classified ad web sites. are farming your email address to sell to others. You will find you email box loaded with tons of offers and once it starts it will never stop. Paid classified web sites, however, can be like having a store in the world’s largest shopping mall for pennies a day in rent.
One of the largest classified ads web sites is…eBay. Think about this. For about 30 cents an ad (item to sell) you get listed for one week where over 1 million people a day come to shop. I have more information on eBay and other auction sites under Web Basics.
There are other forms of advertising as well. One of which we discussed before was newsletters. Others include, your email signature, banner ads, ebooks and affiliates. Each are discussed here. Click on the Marketing Resources to review each form of advertising.