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1. The Citadel - BADM 750. Insert institution’s name. Building a Successful Business on the Internet Session 4 - Welcome Back!. Building A Successful Business Using The Internet Session 4 – Welcome Back!. The Goals For Session 4. Work on your Site Content Blueprint.
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1 The Citadel - BADM 750 Insert institution’s name. Building a Successful Business on the Internet Session 4 - Welcome Back! Building A SuccessfulBusiness Using The Internet Session 4 – Welcome Back!
The Goals For Session 4 • Work on your Site Content Blueprint. • Do a preliminary “M” assessment. • Investigate/plan your Monetization Mix. • Learn how to refine your Site Concept and content by continually reviewing and revising Master Keyword List and monetization options.
Is It Time To Register A Domain? It’s almost time, but first… • Have you completed your brainstorming? • Have you pruned and sorted your keywords? • Have you built a 3-TIER blueprint? • Have you planned your Monetization Mix?
Class Exercise Complete your Site Content Blueprint.
15 Minute Break… Insert message
Why Research Monetization Now? • You must execute C-T-P first to monetize successfully. • Do a preliminary assessment and start an M plannow in order to avoid future disappointment. • You can always refine the Site Conceptaccording to the Monetization Mix.
The M Comes Last • Do a quick preliminary M assessment. • Think about potential income streams (monetization models) NOW. • Identify enough good monetization models to have several ways to convert PREsold traffic into dollars. Think diversification! • Understand how each model "fits" your Site Concept. • Do your monetization plan before you commit to a domain name.
Tobi’s Monetization Potential • Monetize individual content pages. • Monetize entire site. Here are two examples: • Become a Webmaster and build sites for others. • Joint venture with products/services partners, to market/sell their stuff for a percentage.
Monetization Models (Part 1) • Represent the products/services of related, non-competing online businesses and earn affiliate (commission) income. • Partner with an offline business, such as a real estate agent or hotel/motel owner, sending them customers, on a pay-per-click, per-lead, per-sale, or per-month basis. • Sell your hard goods, such as jewelry, tools, books, and so on, and ship them yourself, have them drop-shipped, or handled entirely by a fulfillment house.
Monetization Models (Part 2) • Sell digital products, such e-books, software, music, and so on, where payments can be processed electronically through services such as ClickBank. • Add contextual advertising, such as Google AdSense or Yahoo! ads, to your content and earn click income. • Sell advertising directly to advertisers with products related to your content.
Monetization Models (Part 3) • Sell your services, such as copywriting, programming, event planning, and so on. • Advertise items you're selling on eBay directly. • Insert eBay auction items directly into related content pages.
Monetization Models (Part 4) • Build warm leads for your Network Marketing ("MLM") venture. • Rent stuff, anything from heavy equipment to extras for movies to your own time-share villa. • Send traffic to your own business, such as a Yahoo! store, your jewelry Web site or your local brick and mortar business, expanding its reach.
Google AdSense • A low-maintenance way to begin monetization. • Serves up ads related to content. • Rewards keyword-focused, content-rich sites. • Google algorithm considers many factors. • Blend ads into the content on page (rather than distract from it).
What Should Tobi Do? Follow the Action Guide!
Successful Monetization Tips • Consider each potential model carefully. • Be flexible and open-minded. • Tailor choices to your time and priorities. • Consider your Site Concept growth. • Look for diversification. It’s the long-term key. • Use your PREsold traffic. • Try to monetize every visitor. Make every visitor count!
Monetization Scorecard • See at a glance your Monetization Mix. • As your mature site evolves and/or note trends within your target group, revise your monetization plan.
Monetization Resources Monetization HQ http://mhq.sitesell.com/ SBI! Resources HQ http://sbiresources.sitesell.com/
Concept And Monetization Forms Best-Horror-Movies http://www.best-horror-movies.com The Ultimate Quit Smoking Guide http://www.quitguide.com All About Puppies http://www.all-about-puppies.com
Mid-Term Survey • Check your Gmail account tomorrow. • It won’t take long. • Results will help you and other students. • Free e-book upon completion.
Homework – See You Next Class! • Complete your Site Content Blueprint. • Refine it with Site Info and Search It!. • Complete your Monetization Plan. • Review Day 5 of the Action Guide. • Think about possible domain names. Questions? Contact Us!