LIVE BLOGGING: There’s More to Monetization than Advertising

j0433118 150x150 LIVE BLOGGING: Theres More to Monetization than Advertising

***Featuring Stephanie Agresta (Internet Geek Girl), Kristen Hammond (owner of Baby Brewing), Lynn Truong (WiseBread), and Dana Loesch (mamalogues).

We walked into a packed session – attendees sat on the floor and lined the back and side walls. 

The session began and ended with one question: How Can I Make Money From My Blog?

Questions were asked and advice was shared.

Following you will find a transcript of the answers that were provided by the panelists.

One of the panelists began the session by pointing out that, “There isn’t one method. Just as your blog has a distinct voice, you have to know what your niche is and what you want to accomplish with your blog.” 

HOW TO JOIN AN AD NETWORK

There are many ways to find and join an ad network. Two to consider are the BlogHerAd network and Chitika. Or you can google “ad network” and a whole bunch of them will pop up. Consider your audience and your goals before selecting one. 

HOW TO GET ADVERTISERS “ON YOUR OWN”

  • If you’re doing independent advertising (not through an ad network)…ask yourself: What businesses do you frequent every day? What coffee do you drink? Where do you get your nails done? What are five products that you’re obsessed with? Advertising should reflect your tastes and your personality.
  • After you determine the advertisers that reflect who you are, approach them and ask if they’re interested in advertising or partnering with you! Companies are eager for the “buzz.” Kristen pointed out that, “You never know unless you ask. It can never hurt you to ask.”
  • It can help to look a little bigger than you are. You could put up affiliate buttons to start. Advertisers are more likely to advertise if they see that other people are advertising. 
  • If an advertiser is hesitant, offer one month of sponsorship/advertising free and then see if they’re interested at the end of the month.
  • Remember that the number of comments you have doesn’t necessarily mean anything. If you can show that your readers are loyal, that’s just as important as numbers.
  • DO have a way to track your statistics.
  • DO know the “demographics” of your audience. Do an informal reader survey.

HOW TO LEARN MORE ABOUT ADS

Go to a few advertising conferences: adtech, Affiliate Summit, etc. 

HOW MANY ADS TO PLACE ON YOUR BLOG

One panelist shared that she chooses to place no more than three ads on her blog at any time. “The reason people go to a blog is for the content,” she pointed out.

WHAT TO CHARGE ADVERTISERS

A standard rate is $2/CPM (cost per thousand impressions). You could also look at two other sites are comparable to yours to see what they are charging.

SEARCH ENGINE OPTIMIZATION

Here are a few good websites for people who want to learn more about the basics of search engine optimization. SEOmoz.com is one good site for learning about the industry. You can also check out the Search Marketing Gurus blog. Google FAQs is also a great place to go for an easy introduction to SEO. Remember that key words, titles, and categories are super critical for getting good representation on google. 

AFFILIATE MARKETING 101
Affiliate marketing is essentially a system where publishers and advertisers work together. The best way to get started is to sign up with the networks. You could start with Commission Junction or LinkShare. Or you could sign up with the Amazon Associates Program, a hugely successful affiliate program that was started in 1995. Another option is to sign up with advertisers that are targeted directly to your audience (HerRoom was given as a example).

Remember that the public offer (affiliate fee) on the website is the starting point. Most companies will give higher percentages to people that produce. Go to them and say “I would like a higher percentage.” Affiliate managers really care about having bloggers onboard. Another approach is to ask for a small monthly flat fee.  

The conclusion wrapped up with one of the panelists stating that “Monetization isn’t for everyone.”  

Another panelist said, “Be yourself. Be authentic. That’s the most important thing.” 
  • http://www.momof3girls.net Deb – Mom of 3 Girls

    Thank you for posting these summaries – it’s so helpful for those of us who couldn’t be there to be able to stay ‘up’ with what the sessions were all about. I appreciate your work in blogging them! :)

  • http://www.internetgeekgirl.com Stephanie Agresta

    Thank you so much for attending our panel. The questions were sooo impressive and the energy of the crowd was fantastic. I love when folks live blog panels. This summary was excellent!

    BlogHer rules!!

    Thanks,
    Stephanie Agresta
    http://www.internetgeekgirl.com
    Affiliate-Karma.com

  • http://weebleswobblog.blogspot.com Lori

    I soooo appreciate the close attention you paid, and that you found the links for us (they said the Google FAQ was kind of buried).

    I was one of the people sitting on the floor in the hallway. So this post was invaluabe.

  • http://www.mamalogues.com Dana

    Awesome job. Thanks a ton for doing this ;)

  • http://www.searchmarketinggurus.com Li Evans

    Hi Stephanie!

    Thanks so much for mentioning that Stephanie suggested SearchMarketingGurus.com, I really appreciate it.

    We’ve got some quick videos that can help your audience who are looking to learn about Online Marketing. You can access them in the Online Marketing Tips Videos category. These are short videos to make it easy to implement some types to websites and blogs.

    Thanks again!
    ~Li, SearchMarketingGurus.com

  • http://freeandflawed.com Jenn

    Thank you so much for this! I wanted to make this session so bad, but I was live blogging another session.

  • http://www.musingsofahousewife.com Jo-Lynne (Musings of a Housewife)

    Good stuff! Keep the live blogging coming! :-)

  • http://velvetlava.blogspot.com/ Ann

    Thanks for posting this for us who couldn’t make it. Lo and behold, I’m from AZ too! I love seeing other AZ bloggers!

  • internet marketing gurus

    Advertising is an important aspect of internet marketing which makes our business to glow.

  • http://www.oronjo.com Lisa Cremer

    Hi Stephanie,

    You can also sell some of your blog articles. You can do this with Oronjo.com, a free service. You can even sell articles for charity.

    With kind regards,

    Lisa Cremer
    Oronjo.com

  • Lynn Truong

    It was an honor being a member of the panel, and a blast meeting many of you at the conference. We didn’t have enough time for all the questions, but I’ve created a post-panel notes page that goes into more detail answering the questions that were asked. Take a look and please feel free to contact me with any additional questions and feedback. Since it was my first speaking engagement, I’d really appreciate the feedback. Thanks again!

  • http://the5cfamily.blogspot.com/ mama_c

    Quick question: What is CPM/Cost Per Thousand Impressions? What does this mean in “lay” terms?

  • Lynn Truong

    Hi mama_c,

    CPM means how much you get paid for every 1000 times the ad is displayed. If one person sees the ad two times, that’s two impressions. If two different people each see the ad once, that’s also two impressions. So an “impression” means the ad delivered and a pair of eyes saw them.

    Impressions is different than page views. On any one page, you can deliver multiple impressions, if you have multiple ad units. Also, people may have ad blockers, so even though the page loaded (counted as a page view), the ad didn’t, so no impressions.

    Hope that helps!

  • http://newmomchicago.blogspot.com/ Heather

    Hi MetroMama,

    I just found your blog and I am really enjoying it. I started my own mommyblog a coule months ago. Check it out if you have time.