The world has undergone a lot through various ages since the beginning of evolution or creation depending on what each person believes in. from the Stone Age to Iron Age and subsequent plastic age or what other scholars will refer to as silicon age, man has done several economic activities in the quest for income generation. Early hunters and gatherers used crude stone and bone tools for their day to day activities. This was cumbersome however this men and women were toned to it. The introduction of machines meant efficiency in production, but this brought about the reduction on overdependence on human labor rendering much-unskilled labor force jobless. This did not hinder social development but rather brought about the prosperity of nations economically. Machines have empowered humans giving them the ability to accumulate wealth beyond measurable doubt.
In this current age of information, things have become even better. The internet has opened up areas one wouldn’t have imagined. The entire world has become one big global village where one can trade information and goods to anybody at any location on the planet. The invention of the computer which was followed by the interconnection of each computer to the internet has made this possible. Other devices such as mobile phones that are equipped with devices such as the digital camera and various applications for social networking and comers has made the human race skyrocket to an incredible height of socialization. Things that were regarded as hobbies have now been turned into massive income generating activities that have even enabled the participators to quit their employment and concentrate on such activities. The underlying principle that one has to know about such activities is the clear understanding of the internet and how to maneuver about the domains and host.
Goods can now be sold and bought online, generating income for individuals, companies, and nations. Online trading is carried out in many different ways, and one of them is through monetizing products on the web and monetization of websites and blogs. There are several ways that are proven for the monetization of a product; some of them are discussed below.
Affiliate marketing and links
This is a commission based model of monetizing a product. The blogger can generate upto70 percent of the products selling price, but it may range between 30 percent to 70 percent income on the sale price. For instance, if the sale of a video on the internet is worth 20 dollars and the split percentage is 50%, the blogger will make 10 dollars for simply referring a purchaser.
In affiliate marketing, the blogger identifies a product to be marketed, then endorses it on its website and promotes it to his or her website visitors and also email subscribers. On visiting the website or blog, the buyers will click on the affiliate link to purchase the product. This is the easiest, most popular and quickest way of monetizing a product.
Such products can be easily accessed via commission junction that offers one-time payments on reliable products, share sales and click blanks. One disadvantage of click blanks is the lack of good credible products for to sale however they have high payout percentage.
Pay per click advertising
Time you might notice some advertisements showing up at the top of Google search results. This is normally referred to as Adwords. AdSense is the direct opposite of that. AdSense is a pay per click advertisement that enables website owners and bloggers to tap into Google advertising network that is immense. This enables other advertisers to run their advertisement projects on your website. This system has a simple but interesting way of operation, you start by signing up after which Google will subsequently place a code on your website. This code enables Google to identify the content of your website. This will then enable only adverts related to your content to be displayed. An example if your content is about cars, adverts for engine oil, brake fluids, and car accessories will then be displayed on your website, if it is about photography then adverts on best cameras and hiking areas will display and so forth.
Payment for this kind of monetization is done every time a person clicks on any of the adverts. Depending on the advert, the rate might range from $0.50 to $5.
Sell Ad space
In this mode of monetizing products, you allocate spaces on your blog normally known as Ad space. These spaces are then priced accordingly. Companies looking to sponsor different blogs will then purchase the space. As your site is visited by other people, your income is generated. The higher the visit, the more money you make. This method has one vital advantage that can otherwise be a minus. If your blog generates high traffic, your ad space banner value increases translating to higher income, however, reduction in traffic will mean your banner will have a lower value translating to lower income.
Sell Ad space can be popularized on BuySellAds and Advertising Space.
Digital product sale
This is a direct sale mode. It involves selling your products directly to your customers. This method seems simple to implement and actually is, but there are some technical complications involved. This complication will in most cases include the mode of payment. If not discussed well, this might bring about a big confusion. Shipping services might also bring a complication, especially when it comes to who will settle the shipment cost, the mode of packaging on shipment and taxes involved in the shipment, the integrity of the product during shipment or rather the assurance the product will arrive in the customer without damage. This method might also involve another cost of website design to match what is being marketed and include that persuasive tone to ensure your products are appealing to the customer.
SELFLLERY can provide a blogger with reliable income for bloggers and photographers who wish to monetize their products on the internet. It is easy to use in comparison with other diverse modes and value for your resources is realized in a short time of investment.
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