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Once a company blog is
launched, management quickly turns its attention to monetizing
it. Depending on the size and demographics of the audience, it
is not unheard of for blogs to earn in excess of $10,000 a
month. But although companies have several revenue-generating
options to choose from, they can easily go wrong. Savvy managers
tap their search engine marketing, or SEM, partner for
direction.
Common monetization
techniques include:
publishing pay-per-click,
or PPC, ads on the blog through programs such as Google™ AdWords;
affiliate advertising, through programs such as Amazon®
Affiliates; RSS advertising, or placing ads on a blog’s
subscription feeds; Selling ad space to strategic business
partners or other third parties; Offering downloadable podcasts
or research studies for a fee; Offering promotional merchandise;
and, Soliciting donations through services such as PayPal®.
Depending on corporate
culture and the nature of the market, some options make more
sense than others. For example, a not-for-profit can attract
sizable donations, whereas a commercial business is apt to put
off blog readers simply by asking for them. Packing the page
with PPC ads might seem natural on a discount retailer’s blog,
but tacky or outright objectionable on a law firm’s. The SEM
partner’s role is to sort out the client’s marketing issues and
craft a monetization plan that properly blends the ingredients.
Important as the right plan
is, the crucial element of blog monetization – and the one so
often ignored – is timing. Quite simply, no monetization tool in
the world will deliver results until the blog has established an
audience. Attracting traffic and building steady readership are
where the client needs its SEM partner first and most for:
building search engine
optimization, or SEO, into the blog’s programming; implementing
reader-friendly RSS subscription feeds; recommending SEO
techniques for blog content; developing and executing a linking
strategy; registering the blog on important blog directories;
and, analyzing blog traffic to pinpoint the most promising
monetization approaches.
Rushing to fill a client’s
blog with ads and offers, while tempting, is ineffective, even
counterproductive. A clean, uncluttered blog layout attracts new
readers. On the other hand, blogs that look like an online flea
market inspire visitors to click away.
In general, SEM firms
should advise clients to take the blog monetization plunge; but
look before they leap. A successful strategy has two phases:
first build the audience, then, second, go after the revenue.
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Aaron Wittersheim is president of
Whoast Inc., a suburban Chicago search marketing firm. For
more information, visit
http://www.whoast.com. |
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