So you've decided to attempt to make some money from your website or blog? Where do you start? What do you need to know? Well Steve Pavlina has done it and gives a very detailed and comprehensive article on the process. It's a must read. Steve focuses on blogs, but for any content based website the same rules really do apply.
Here's a few things of note from the article:
- If you're going to monetize your site don’t take a half-assed approach. Either be full-assed or no-assed.
- 99% of people who try to generate serious income from their blogs will fail.
- You don’t need to be a programmer, but you need a decent functional understanding of a variety of web technologies.
- A lack of understanding is a major cause of failure in the realm of online income generation.
- Come up with an overall income-generation strategy.
- The three most important things you need to monetize your blog are traffic, traffic, and traffic.
- Putting ads on your website will not cripple your traffic.
- Have multiple streams of revenue.
- Pick a broad niche that's not too small.
- Test, test, test.
Traffic and testing are the two main keys I have found. Without traffic you will not make money. Without testing location and placement of ads and/or affiliate programs you won't make much either.
I have found that you must move stuff around and judge the results. It is one of the reasons I started this site in the first place, to show how I'm testing on my main website Diggers Realm and what the results were with the changes I made.
Steve makes a very profound statement that must be believed by anyone wanting to monetize from their website.
"Failure is impossible here — you either succeed, or you learn something."
There is absolutely no failing when it comes to making money from your website, there are only varying levels of success.
StevePavlina.com was launched 19 months ago. 12 months ago it was averaging $4.12/day in income. Now it brings in over $200/day. I didn’t spend a dime on marketing or promotion. In fact, I started this site with just $9 to register the domain name, and everything was bootstrapped from there. Would you like to know how I did it?
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Posted on Sat May 06, 2006 at 01:59 AM | Permalink | Email This | Blogroll IOA! |