4 Ways to Supplement Your Main Business Income With Your Website
The internet is split along a line … I hesitate to say “roughly equal lines”, because I’ve no idea if that is true! On one side of the line are the businesses who simply use the web as another marketing and promotion avenue for a business that already existed pre-WWW. On the other side are the businesses that would not exist without WWW and internet marketing – businesses like online freelancing, sole-purpose ad revenue sites and affiliate marketing sites, etc.
What many traditional businesses don’t realize is that there are plenty of way to combine the two approaches to making money online – we explore 4 of those today. Of note, we are only looking at methods that detract little from the actual corporate identity of a site.
1. Hosting banner advertising
The suitability of this strategy depends on the setup of your site. If you have substantial information sections, then it makes sense to offer links to other sites that people might find useful. If your site is purely marketing copy, it makes less sense to dilute your message. Still, consider that a site that hosts a banner ad with a $1CPM (cost per thousand impressions) and gets 100,000 page views a month will generate $100 monthly …pretty decent!
2. Affiliate marketing
Find a business that is complementary to your own,, and also has an affiliate program. Mention them and link to them in your own copy (only where appropriate), and you have the potential to be earning commissions from your website, without changing the perceived quality.
3. Sponsored reviews
If you are able to, or already have, built up some kudos in your industry community, people may ask you to do paid reviews – either of their site, a book, a product, etc. If they don’t ask, send out a letter to let them know! Alternatively, use sites like Pay Per Post.
4. Host Premium Content
As a business, you have lots and lots of expert knowledge. Given the quality of most content on the net (!), anything that comes from the expert’s mouth is highly regarded! Have some content on your site as free, and some paid. Offer a range of payment options – subscription, per-per-article, etc.
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