What are Advanced Monetization Strategies for Power Of System

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					What are Advanced
Monetization Strategies
for Blogs?
In the past, the only extra revenue an
affiliate marketer could make from a
blog was through running AdSense
ads, which are easy to install.

You select a few options, such as color theme and preferences for text boxes or banners, and
Google returns a line of code that is easily copied and pasted onto your blog. Then ads start
appearing on your blog. It’s as simple as that. The ads look like they belong there because they
are relevant to your site’s topic.

Therefore, for any targeted niche, the traffic coming to your blog is already interested in
whatever is displayed in the ads. In this case, getting a lot of clicks is a good thing, as you get
paid for each click on an ad, even if the visitor doesn’t subsequently buy anything.

Today there are many advanced ways to make money with blogs. Unfortunately, too many
marketers are still stuck solely in the old AdSense ad era. Advanced monetization takes your
blog to the next level.

Here are just a few of the types of monetization we’ll be discussing in this course:

   •   eBay auctions

   •   Amazon product listings

   •   Product datafeeds

Using one of these techniques, or combining a few of them, can help improve
conversions rate by:

   •   Giving customers a range of buying options.

   •   Leading customers to sites where they can buy other products, as well as the ones they
       are specifically interested in.

   •   Making your site more attractive to the casual viewer.

   •   Encouraging impulse buys.

                        • For the most part, these strategies pay much higher commissions
                     than AdSense ads – if done correctly.
Benefits of Advanced
Monetization Methods
Today's technology makes it easier
than ever to offer your customers a
range of targeted, complementary
products that are appropriate to your
niche.

Better targeting and wider selection
leads to better click-through and conversion rates. In turn, these improvements will also
improve your income.

If you have a site that only includes AdSense advertising, you're likely to get paid just a few
                   cents for each click. Your customers may then buy from the site that paid for
                   the advertisement. You make pennies while the merchant makes the majority
                   of the profits.

                  Advanced monetization is all about taking advantage of the opportunities for
                  you to receive a larger percentage of these sales.
Using eBay, Amazon,
and GoldenCAN for
Advanced Monetization
It's fortunate for affiliate marketers
that Amazon, eBay and GoldenCAN,
leading ecommerce websites, have
developed advanced tools to help
market their products.

These tools are extremely easy to work with. You can add a variety of different types of product
listings to blogs or websites. In addition, you can create various styles of advertising and
promotions, from text links to full shops that display a range of relevant items for your niche.

                                                          Amazon Store Builder
                                                          Here is an example of a site that uses
                                                          Amazon Store Builder to add a
                                                          complete line of products to a gift site.
                                                          The site was easily set up in the store
                                                          builder and then the code was simply
                                                          copied and pasted into the gift site.
                                                          After you’ve done this once, a complete
                                                          store can be built in about 10 minutes.

                                                          You can see that the page offers the
                                                          most popular items on the first page
                                                          (including images). It also offers a
                                                          search box and an option to “Browse
                                                          by Category.” If you click on any
                                                          image, you are taken to a page that is
                                                          formatted exactly like the starting
                                                          page. Here’s what you see if you click
                                                          on the “Grey Arabian” link:

The user is never confused by being transferred
immediately to Amazon’s site. They can add items to
their shopping cart and continue shopping on YOUR
site until they are ready to check out. It’s only when
they click on “Proceed to Shopping Cart” That they are
redirected to the Amazon site to process payment and
delivery. This ensures that the affiliate makes a
commission on all products ordered.

This tool uses a datafeed from Amazon to display
these items, which means you, the website owner,
never have to update the text or images!

Amazon also offers a variety of links and banners, as
well as a widget tool. All are easy to use and require
very little (if any) technical knowledge to customize. You can sign up for their program at:
https://affiliate-program.amazon.com/
eBay Partner Network
eBay also has a variety of tools for affiliates to use. Here are brief descriptions of their tools,
taken from their website (https://www.eBaypartnernetwork.com/files/hub/en-US/tools.html).

Here is a list of some of these helpful tools:

   •   Creatives — Choose from a variety of colorful graphic and interactive ads to enhance
       your site and attract visitors to eBay pages from your website.

   •   Link Generator — The link generator allows you to create a trackable link to any of the
       eBay Partner Network's program pages and is great for all types of business models.

   •   eBay To Go (United States Only) — Showcase your favorite eBay discoveries directly on
       your website with eBay To Go. Use any of the widgets to easily display eBay listings,
       search results, or store items across the web.

   •   RSS — Easily generate trackable RSS feeds with dynamic eBay content that provides
       users with live eBay listing information.

   •   Custom Banner — Add a customizable flash banner with relevant, real-time eBay listings
       to your web site.

   •   Editor Kit — Add relevant, real-time eBay listings to your website or blog in just seconds.
       The editor kit works a lot like a datafeed (but much easier to set up).

Of course, other companies offer datafeeds through affiliate networks such as ShareASale
(http://www.shareasale.com), Datafeedr (http://www.datafeedr.com), or Commission Junction
                (http://www.cj.com).

                 However, if you’re not already established and making a good level of sales, you
                 might not be authorized to use some datafeeds. In addition, datafeeds require
                 technical knowledge to set up. If you’re not an expert, or don’t have the
                 software required to make things easy, you might give up on this experience
                 before getting started. That’s why you might want to check out an alternative
                 called GoldenCAN.

GoldenCAN
Golden CAN was the first easy-to-use datafeed site (http://www.goldencan.com). With
GoldenCAN, you can select the products you want to display on your site and the software will
return one line of code for you to copy/paste onto your site. And since this is an active datafeed,
your site will be updated automatically when a merchant updates the feed.

GoldenCAN offers datafeeds for a huge variety of products and merchant s found in larger
networks (ShareASale, Commission Junction, LinkShare, etc.). You must be signed up with the
merchant through the network in order to use the feed, but after that, GoldenCAN makes it
easy.

Helpful Plug-Ins
For eBay and Amazon affiliates several plug-ins are available that will allow you to simply add
related products to your site. These include PhpBay (http://www.phpbay.com ) and ReviewAZON
(http://www.reviewazon.com).
Video Lesson: Advanced
Monetization Strategies
for Blogs
Learning What Works
As you can see, many of the
advanced monetization strategies
are easy to incorporate using
merchant-supplied tools. But before
you give up your AdSense ads, you
should determine which method of
monetization works best in your
niche. Take some time testing the different advanced monetization options available to you.

Test with and without AdSense ads, and consider testing these options:

   •   Various ad positions.

   •   Different ad sizes and colors.

   •   Combinations of ads.

Remember, test only ONE thing at a time, otherwise your results may not be reliable. Test until
you’ve had about a thousand visitors. Then change the monetization methods and see which is
                more profitable.

                 And lastly, don’t get carried away. It’s best to have only one or two methods of
                 monetization on a blog at one time. Any more can be distracting for the visitor.
                 If visitors feel like they are just being sold to, they will leave a site in a minute!
                 So be sure to provide valuable content on your site along with the datafeeds
                 and store builders.

                 Some of these tools provide search engine optimization, some (as in the case of
                 datafeeds) do not. So be sure you always add keyword specific content to your
                 site when using any tool.
Stay on Topic
We've stated that datafeeds and
store builders work in real-time and
never have to be updated. However,
it's a good idea to check your site
every few days to make sure
everything is up and running and
working as planned.

One important thing to check is that
the datafeed displays the items you requested. Bloggers should always ensure that the types of
products appearing through the feed are relevant to their sites and tie in with the content.

Over time, since products can be updated or become obsolete, you must stay up to date. This is
especially true for banners and text links.

Two simple ways to stay up to date are:

   1. Subscribe to the merchant’s newsletter.

   2. Create Google alerts for every merchant or product you sell. Google
      alerts enable you to subscribe to any information that Google finds for
      the product or merchant you select. This way you get advanced notice
      of new products and can prepare for the launch.

The same applies to signing up for press releases and emails from the
merchant. It’s always nice to be able to ride the wave of a new, exciting
product when you get advance notice and have time to prepare your site for
maximum conversions.
Get Paid for Reviewing
Sites or Products
As your blog grows and you begin to
gain a steady readership, you can
earn money by being paid for
reviews (pay per review).

With this strategy, marketers pay
you to write a review of their
product and then send your visitors
to the merchant’s site to complete the sale. Since you are getting paid to
write the review, there may or may not be an affiliate commission
available.

If you’re interested in writing reviews, there are a few sites that make
finding marketers who need reviews easy.

Here are two sites that bring advertisers and bloggers together for this marketing
strategy:

   1. http://www.reviewme.com/

   2. http://payperpost.com/

                 Most of these advanced methods do require more of a time commitment than
                 just using AdSense ads, but the monetary benefits can far outweigh the time
                 involved – especially if you can outsource some of the work.
The Next Big Thing?
Another promising opportunity
includes the ability for a blogger to
post a toll-free number that provides
information and sales support.

                This would be a great feature for review sites, which could review a product and
                then have visitors call a number to learn how to purchase. Like online sales,
                these sales are tracked to the affiliate.

                This is currently being tested by some networks and is achieving very good
                results. The call tracking is proving to be more accurate than normal affiliate
                links and the calls are being converted to sales at a much higher level than click-
                through traffic. One of the companies involved in this new trend is Ring
                Revenue (http://www.ringrevenue.com).

HubPages
On HubPages (http://hubpages.com/tour/affiliate/), “Hubbers” (HubPages' authors) earn money
by publishing their “Hubs” (content-rich Internet pages) on topics they know and love. They
earn recognition among fellow Hubbers through the community-wide HubScore
ranking system.

You’ll need to set up an account and create your web articles. Then, when a
visitor clicks on your article’s (Hub’s) ads, you share the revenue. It’s all done
by linking affiliate IDs from eBay, Amazon, and Google. Your Hub actually
displays products as if it were a professional website or magazine – and it’s free
to sign up!
Let’s Review
Before you move on to the quiz, let’s
take a few moments to review some
of the most important information in
this course.

Summary
Using advanced monetization
methods, alone or in combination
with AdSense ads, gives the marketer a unique opportunity to easily offer more products on his
or her blog site and increases the amount of time a visitor spends at the site.

These methods can increase commissions by helping bloggers make the sale directly from their
sites. Bloggers get a higher commission payout, and may also be able to build a list of loyal
subscribers/purchasers.

Quick Tips
   •   Use the tools that have been developed to easily incorporate advanced
       monetization strategies into a blog.

   •   Always test changes to make sure profits increase.

   •   Sign up for Google alerts on a merchant or product to keep up to date
       on changes.
       Keep a watch on the industry for new developments and strategies.

Glossary
AdSense — The program in which a web owner places Google ads on their site and Google pays
them a few cents each time one of that site's visitors clicks through the Google ad.

Datafeed — A listing of merchants or products with images and descriptions set up in a format
that allows affiliates to incorporate products on their page and linking directly to the merchants’
sites.

Pay Per Review — Marketers pay affiliates to write reviews of their products then send readers
of the reviews to the merchants’ sites to make the sale.

                 Action Steps
                __Sign up for Amazon and eBay affiliate programs.
                __Find appropriate feed settings for your niche.
                __Check into GoldenCAN for easy incorporation of datafeeds.
                __Incorporate one or more feeds into your website.
                __Track and test your results from various feeds.
                __Stick with the most profitable merchants and feeds.
Resource Links
Amazon Store Builder — https://affiliate-program.amazon.com/
eBay Store — https://www.eBaypartnernetwork.com/files/hub/en-US/tools.html
ShareASale — http://www.shareasale.com
Datafeedr — http://www.datafeedr.com
Commission Junction — http://www.cj.com
Golden CAN — http://www.goldencan.com
PhpBay — http://www.phpbay.com
ReviewAZON — http://www.reviewazon.com
Reviewme — http://www.reviewme.com/
Payperpost — http://payperpost.com/
Ring Revenue — http://www.ringrevenue.com
HubPages —http://hubpages.com/tour/affiliate/

				
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