How To Make Money With Your Classified Ads Website? Essay

How To Make Money With Your Classified Ads Website
Making money online is the dream of everyone who works online or owns a website. However, if you own an online marketplace or classified ad site, there are quite a number of ways you can make money from it. Let us now consider the ways you can profit from your classified ad site
Membership or Pay per Ad There are some sites that charge visitors to post either monthly or weekly or one-off payment. However, this method can be counter-productive such that it restricts visitors who just want to post one ad and go. Some sites charge for listings. This is used mostly by ecommerce sites as against classified ads sites.
Special Placing/Move Ads to top This has to do with placing ones listing back at the top. The most recent listing gets to be placed at the top. The strategy to go about this is ensuring that only few ads show per page so that advertisers can easily pay to bump their ads.
Advertisements this is the surest and best way that classified ads sites make money. Even if every other thing on the site is free, advertisement is never free. The traffic is however a factor here, the more people that visit the site the more you make. Google AdSense can come in handy here, once you register, Google will channel ads to your site and when visitors click them you get paid (if it's pay per click).
Affiliate Marketing This is performance based marketing i.e. getting paid for promoting another's site or trade by sending traffic there. Once they buy or use the site, you get paid. Affiliate networks connect online business people together e.g. publishers, advertisers etc. Examples are Amazon, Clickbank, Google Affiliate Network etc.
As an affiliate marketer, what you need to do is place relevant adverts on your site and when visitors click the ad and convert you receive your commission or percentage of sale depending on the terms. It can either be
Pay per traffic conversion.
Monthly fee in exchange for displaying their link on your site
Commission on sales
Featured Ads are sections/slots where ads or listings get displayed. These are usually at the front page of the classified site. The featured ads are seen easily out of cluster of listings. Advertisers are therefore charged to have their ads displayed on the featured ads slots.
In conclusion, whatever way you choose to make money from your classified site or any other site will depend largely on your site, niche, traffic, competition etc. Your strategy and technique must be right to keep you afloat. One bad move can mar your site forever, so tread softly. For example a pre-matured charging plan can mess everything up for you. It is therefore advisable to start most of the services free for a while and by the time there is enough traffic, then you can easily introduce payment plans of your choice  this should be done.