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You are here: Home > Internet and Businesses Online > Internet Marketing > How to Profit From Your Ad Space in this Economic Downturn |
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Suggest You - How to Profit From Your Ad Space in this Economic Downturn
Philosophies for Business Success >I have always been intrigued at how much some prominent business people have accomplished in their lifetime. From rags to riches these people overcame the odds to be powerhouse individuals. Society will line up to meet and listen to these individuals. And what they talk about seems to be like gold. But what got these people to the statute. What philosophies do these people live by that has held strong to carry them into the success that they enjoy? Well, I was ab 2. Auction Off Remnant Ad Space. As mentioned above, there are at least a couple of places where you can put your unsold space up for auction. If you prefer you can set a 'reserve' price, under which you are not obliged to sell. 3. Offer Incentives to Subscribers and Previous Advertisers. Your own mailing list is a great source of advertisers! They're familiar with your newsletter and know what type of exposure their ads would receive. Prev How To Discover That Million Dollar Idea Inside Your Brain? Recent research predicts that the online ad market will decline by 25% in 2003.**Niche research and brainstorming are the two top skills every Internet infopreneur needs. And it is surprising how often you often ignore your own knowledge and expertise - or are completely unaware of it!In every niche market brainstorming session, I ask a group of clients, friends, or subscribers to take out a sheet of paper and make a list of valuable things they know... things that others will pay them to learn.9 times out of ten, the answer is almos In 2004, net advertising is a buyer's market. Everyone has seen the media spotlight focused on the big dot-coms who, dependent on ad revenues, have either gone out of business or been forced to cut back. Unfortunately, it's the same story for small business owners. The economic downturn leaves many potential advertisers much more reluctant to pay the prices they would have a year or two ago. I recently came across a message board where one advertiser summed it up this way: in these hard economic times, she has read that people are less willing to make purchases. This means that she is much more at risk to suffer a loss rather than make a profit. Like most people, this advertiser does not have any extra money to spare - and certainly none to lose to a failed ad campaign. To turn the odds in her favor, she regularly goes bargain-hunting for ad specials. Frustrated webmasters and online editors are feeling the pinch of lost ad revenues. This is particularly evident with the recent launch of ad auction sites such as WebmasterBids.com and EzineAdAuction.com. These sites are specifically meant to aid newsletter editors and webmasters in selling their remnant ad space - space that would otherwise remain unsold, the profits lost forever. This doesn't mean that you can't benefit from your ad space! Quite the contrary. Here are a few suggestions: 1. Encourage Customers to Book Multiple Ad Slots. Offer large discounts on multi-ad packages. This is a win-win situation - your customer receives excellent value, and more of your ad space is booked with less stress. 2. Auction Off Remnant Ad Space. As mentioned above, there are at least a couple of places where you can put your unsold space up for auction. If you prefer you can set a 'reserve' price, under which you are not obliged to sell. 3. Offer Incentives to Subscribers and Previous Advertisers. Your own mailing list is a great source of advertisers! They're familiar with your newsletter and know what type of exposure their ads would receive. Prev Private Practice Marketing: Why You Should Absolutely Never Do a Free Consultation, Ever, Period rices they would have a year or two ago.Private practice marketing is tough enough without being encouraged to give away your services.Yet somehow it has leaked into the "popular wisdom" of the coaching world that the way to get new clients is to offer a free complimentary consultation.I do not know where or how this got started, and I really don't care. What I do care about is that the people that I mentor and coach do not offer one!Here's why:The idea behind the free comp I recently came across a message board where one advertiser summed it up this way: in these hard economic times, she has read that people are less willing to make purchases. This means that she is much more at risk to suffer a loss rather than make a profit. Like most people, this advertiser does not have any extra money to spare - and certainly none to lose to a failed ad campaign. To turn the odds in her favor, she regularly goes bargain-hunting for ad specials. Frustrated webmasters and online editors are feeling the pinch of lost ad revenues. This is particularly evident with the recent launch of ad auction sites such as WebmasterBids.com and EzineAdAuction.com. These sites are specifically meant to aid newsletter editors and webmasters in selling their remnant ad space - space that would otherwise remain unsold, the profits lost forever. This doesn't mean that you can't benefit from your ad space! Quite the contrary. Here are a few suggestions: 1. Encourage Customers to Book Multiple Ad Slots. Offer large discounts on multi-ad packages. This is a win-win situation - your customer receives excellent value, and more of your ad space is booked with less stress. 2. Auction Off Remnant Ad Space. As mentioned above, there are at least a couple of places where you can put your unsold space up for auction. If you prefer you can set a 'reserve' price, under which you are not obliged to sell. 3. Offer Incentives to Subscribers and Previous Advertisers. Your own mailing list is a great source of advertisers! They're familiar with your newsletter and know what type of exposure their ads would receive. Prev How to Create a Cover Letter Template s in her favor, she regularly goes bargain-hunting for ad specials.Employers always look for competent applicants, and screening through piles of lengthy resumes is tiring and laborious. It is, without a doubt, only sensible to always attach a well written cover letter that shows sincerity and commitment to make it through the cut.Now, since people of today need everything in a flash. Time is essential specially in a world that is fast paced. It is only a logical move to make things easier to access and quicker to use. Cons Frustrated webmasters and online editors are feeling the pinch of lost ad revenues. This is particularly evident with the recent launch of ad auction sites such as WebmasterBids.com and EzineAdAuction.com. These sites are specifically meant to aid newsletter editors and webmasters in selling their remnant ad space - space that would otherwise remain unsold, the profits lost forever. This doesn't mean that you can't benefit from your ad space! Quite the contrary. Here are a few suggestions: 1. Encourage Customers to Book Multiple Ad Slots. Offer large discounts on multi-ad packages. This is a win-win situation - your customer receives excellent value, and more of your ad space is booked with less stress. 2. Auction Off Remnant Ad Space. As mentioned above, there are at least a couple of places where you can put your unsold space up for auction. If you prefer you can set a 'reserve' price, under which you are not obliged to sell. 3. Offer Incentives to Subscribers and Previous Advertisers. Your own mailing list is a great source of advertisers! They're familiar with your newsletter and know what type of exposure their ads would receive. Prev Free Word-Of-Mouth Advertising Is The Best Small Business Marketing Tool bmasters in selling their remnant ad space - space that would otherwise remain unsold, the profits lost forever.If you are seeking ways of marketing your small business, consider one of the best marketing tools possible: Free word-of-mouth advertising.To explain, let me tell you about a conversation I had recently had with a colleague. I told my colleague that I wanted to stay in one night and rent a movie. I asked him if he'd recently seen any good ones that he could recommend. He suggested I see the horror movie, Saw. I replied that I disliked the horror genre and that This doesn't mean that you can't benefit from your ad space! Quite the contrary. Here are a few suggestions: 1. Encourage Customers to Book Multiple Ad Slots. Offer large discounts on multi-ad packages. This is a win-win situation - your customer receives excellent value, and more of your ad space is booked with less stress. 2. Auction Off Remnant Ad Space. As mentioned above, there are at least a couple of places where you can put your unsold space up for auction. If you prefer you can set a 'reserve' price, under which you are not obliged to sell. 3. Offer Incentives to Subscribers and Previous Advertisers. Your own mailing list is a great source of advertisers! They're familiar with your newsletter and know what type of exposure their ads would receive. Prev Something to Chew On >Before Christmas I found a display of older candy brands, and some of them made it into my cart. Among other things I picked up Beeman’s Chewing Gum to put in the stockings of several family members.While visiting my Dad before Christmas, he told me a story about finding something at the store and buying all they had. As he told me the story he tossed me a package of Beeman’s. I burst into laughter and told him he would enjoy at least one of the things in his 2. Auction Off Remnant Ad Space. As mentioned above, there are at least a couple of places where you can put your unsold space up for auction. If you prefer you can set a 'reserve' price, under which you are not obliged to sell. 3. Offer Incentives to Subscribers and Previous Advertisers. Your own mailing list is a great source of advertisers! They're familiar with your newsletter and know what type of exposure their ads would receive. Previous advertisers also have this type of first-hand knowledge. Encourage them to book with you by offering great incentives - free bonuses, significant discounts, or anything else of value. 4. Swap Ads. Approach other editors within your niche market and offer to swap ads. This is a great way to increase your exposure, fill your ad space, and do it all without spending a single dime. 5. Barter. Is there something you need but just haven't gotten around to doing it? Use your ad space as a bargaining chip. For example, you could ask a graphic artist to create a banner or eBook cover for you in exchange for ad(s) in your newsletter. To sweeten the deal you could offer an 'endorsed' ad. 6. Go the Extra Mile. Provide prompt, friendly, and reliable service to encourage repeat orders. A little extra attention goes a long ways! In the meantime, if your business relies heavily upon ad revenues for profits, start building another viable income stream. For example, one model that's becoming increasingly popular is the content-rich, fee-based membership site. Companies that are overly-reliant on ad revenues have a choice: adjust to the ever-changing world of the Internet, or risk going out of business. We've all heard the phrase, 'Never put all your eggs in one basket'. That's good advice for every online business owner. ** References: http://www.zdnet.com/zdnn/stories/news/ 0,4586,5081626,00.html
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