Tips to manage your money

• Google AdSence - This is a good way of earning money by running Google’s ads on your blog. Now you may be thinking how to go about it. Though most of our blog members have done it already, I’m going to show once again. click here.
• Sale your products - I’ve gone through a fantastic site cafepress.com. This site allows individual to sell various types of goods without investing any capital. Isn’t it attractive? All required is one signup and start your store without investing any money. My observation is that it’s great place for the creative people. If you are an author or an information expert, you will be enjoying their self-publishing program where you will be able sell your books, CDs, music files etc. The main advantage is that you can fix the price of your product. There are other good programs. I’ll list them up if I find a good one.
• Advertisements - Now a days, most bloggers are making money by running advertisements on their blogs. You will be happy to know that there is a good chance of cashing in even if your blog is not among the top rated blogs. All you need to make sure that you have targeted content in your blog to attract people. Suppose, if your blog is about informative books available on the Internet, you can target advertisers of books through Google Search. There are some good advertising networks other than the Google AdSence. I’m listing some of them here.
• Affiliate Programs - I hope now you have some idea on what is an affiliate program and how does it work. It is also becoming popular among the bloggers for earning easy cash. All you need to sign up with the company and once your are declared eligible to join a their program, you will be given a referral id by them to identify the referrer. Two of the most popular affiliate program available in the market are Amazon and Barnes and Noble. You can try with them.

In my next post, I’ll be reviewing some resources that I’ve listed here and will share my experiences to help you earn more.

There are different types of money making program available in the internet:

• Pay per impression - In this program, you will be paid according to the number of times the advertiser’s banner is displayed on your site. The amount is calculated on the basis of the number of thousand impressions of the banner. By impressions, I mean the number of times the banner is displayed. Say you earn $5 for displaying 1000 banners in your site. So, the amount you earn is usually small but your conversion rate will increase because you will be earning everytime a visitor loads the page.
• Pay per click - Here you will be able to earn as and when a visitor clicks the advertiser’s banner on your site. If the banner is attractive one, you have a great chance to get high conversion rate. the only thing you need to make sure is that you choose the right banner to suit the target visitor of your site.
• Pay per sale or lead - If you join this program, you will make money if you refer a visitor from your site to the advertiser’s site through the banner placed on your site and if he purchases their product or registers with them to avail their services i.e. you will be paid for each sale or lead.

A few more things that you need to know. Here they are:

What is Affiliate Program?

The concept that I discussed yesterday for making money is known as “Affiliate System”. In short, I can say that it is the way by which you can earn by promoting other site’s product or services on your site. This method is so handy that you will be able to earn money by simply displaying the advertisement on your site even when you are asleep. Further, you don’t have to care about any customer service, product delivery, payment processing or any other responsibilities.

There are affiliate networks and directories available in the market. I am mentioning here some of those for your easy reference:

• http://www.webmaster-affiliates.net/affiliate_programs.php
• http://www.reviewcentre.com/products129.html
• http://www.cryer.co.uk/resources/affiliatenetworks.htm
• http://www.associateprograms.com/search/index.shtml
• http://www.affiliatesdirectory.com/directory/

How to choose affiliate program?

It is the most important stage while you start off. My ultimate suggestion is “not to choose any program according to the payment scheme or it will degrade your site standard as well as popularity”. You need to judge your target audience based on the information you are providing them. For example, if you are providing some information on books, it will be profitable for you if you choose the amazon’s affiliate program. So I would suggest you to cencentrate on few good affiliate programs based on the your audience.

Tomorrow I will focus on earning money from your blogs. Bye for today…