Establishing your own E-commerce site is not like it used to be. There are thousands upon thousands of of other eCommerce vendors that are also looking to get a bigger share of this “online customer pie”. So the best thing you can do is find as many tried and true methods you can find to increase your sales.
We have to admit that even when we follow our passion or purpose we are still into it for the money. Quite frankly most of us still need to make money to pay our bills. We are not going to waste our time and effort just for the fun of it, the amount of time and effort it takes to do it right needs to have a payoff of some kind….
Many site owners cannot wait forever to make money, they need to see them sooner rather than later to stay enthusiastic. While there are some who take things lightly and really don’t expect to make a real living from their website, most of us who would rather see profits even when we don’t depend on those profits.
It is common knowledge that without traffic we have no business. Like any business, without any customers you don’t get sales. Traffic represents all the people that get a chance to see what you have to offer. The more people who see your products the more people there would be to buy them. some may need to visit your website several times before buying, but they need to be able to find you first. Then they need to find what you are offering valuable to them or someone they know.
Nobody puts up an E-commerce site that doesn’t expect, traffic, profit or sales. We may have startup capital that needs to be regained, or need it to supplement lost income. With consistent traffic, we at least have a fighting chance to get a sale. Monetizing your traffic would optimize your chances of making the best out of it.
The best and most proven method of making a profit out of your traffic is using advertising. The internet generates hundreds of thousands of traffic to websites online everyday. Most of them are searching for something specific, while others are just browsing. There are also those just looking for information to help them accomplish something, but a good percentage is looking for something they need immediately.
The internet has proven to be a very reliable source for finding what was previously very tedious to find before the internet. The internet has made the world a smaller place; you can advertise a product from the depths of Timbuktu and still find a buyer from New York City or vice versa. Your location is not as important as how well priced and displayed your products are and the details you provide to help customers make an informed decision to buy from you.
Generating traffic is not an easy task. You have to contend with all the other sites that offer the same thing as you, in order to generate a good amount of traffic. But if done strategically, you can be a newcomer and still successfully gain a good share of any market… One of the benefits is to monetize your traffic flow by providing as many purchasing opportunities from product linking to either your products and services or affiliate products and services.
So, to get to the core of it the more traffic you generate the more likely you are to be considered as a desirable source of good traffic for conversion when it comes to attracting good affiliate offers to share on your website for further monetization. Basically in cases like this, more traffic equals greater chance of profit.
When you have good traffic you have a good number of potential customers, customers that are willing to pour money into your coffers. If you have nothing to sell, you can also use this traffic to be redirected to sponsored links or affiliate offers that will pay you for the traffic that you have generated.
Some affiliate or sponsor offers only require that your traffic clicks on their offer in order to pay you! This is called “pay-per-click”. With every click a visitor of your site makes on an advertised link you will be paid. The more traffic you generate and the more clicks that happen the more profits you make. They may even pay you more for the purchases made by these visitors, so that is an additional source of income.
Another method of monetizing your traffic as mentioned earlier is affiliate programs. You can link up with other tried and tested sites and online companies and monetize your traffic by having a percentage of sales generated by traffic coming from your site.
The basic idea is, traffic generated from your site will go to another site that can offer a product that you do not carry. Many programs can keep track and make records of transactions that were made possible because of site linkage. These payouts are sometimes available even if the purchase is not made on the same day that the link was clicked. You can join forces with power players like Amazon, Walmart and Best Buy for example and make a tidy little profit by simply recommending, reviewing or discussing certain products and linking to them using your special link.
When purchases are made by customers that was led by your site to their site you get a percentage of that sale. Affiliate programs would give you the benefit of monetizing your traffic without the actual need of carrying or promoting a certain product.
There are so many ways and methods to monetize your traffic. All it takes is a bit of well thought out work and preparation and the desire to successfully launch a profit-earning site. The internet is a veritable source of information, many tips and guides are offered everywhere in how to monetize your traffic and make your site a good profit earner. The key is making sure you know what content to add to your site that will not only be consistent in topic or niche and then finding great offers to link to this content.