Your website or blog can easily become a source of stable revenues — if managed properly, that is. It can complement your publication with highly targeted, relevant ads. With digital advertising opportunities, publishers passively earn thousands of dollars by simply displaying ads to targeted audiences at the right time and in the right context.
But how do you actually become a digital publisher? And what is the best way to sell ads? In this article, we will discuss how to start online advertising and will look at the three most effective methods to sell ads.
Let’s begin with initial guidelines for all publishers. Before you actually start selling advertising space on your website, make sure you fulfill all the requirements as a digital publisher.
Basic Requirements for Web Publishers
TRAFFIC. To be eligible, your site or blog must be active for at least six months and generate a sufficient amount of traffic. To apply for Google AdSense, publishers must attract around 250 unique visitors per day to complete the necessary conversions. The majority of the website’s traffic must come from the United States, the United Kingdom, Canada, Australia, and European countries. Invalid click activity, usage of malicious malware and generation of fake impressions is strictly prohibited.
CONTENT. The digital content must be original, relevant, and useful for users. Advertisers prefer theme-based, niche content that highlights specific topics such as traveling, lifestyle, sports, cars, etc. The website must offer rich content and have a reasonable amount of pages (at least 20 to 30 pages, articles or blog posts).
Be aware that websites that feature prohibited content categories — pornography, hate speech, and explicit violence, weapons and ammunition, illegal drugs, alcohol and tobacco, gambling and online casinos, spyware, malware or hacking software — will be rejected.
DESIGN. Next, think about the design and navigability of your website. Your platform must be professionally designed and visually attractive to end users. It must be easily navigated and simply structured and provide a flawless user experience. If you want to fill your web page with ads, load time and latency are important parameters. Make sure your web page is mobile and tablet compatible.
TRANSPARENCY. The information on your platform must be clear and open to the general public. Make it easy for visitors to find your contact information and to reach you whenever necessary.
If your website already has a solid traffic flow, a dedicated niche audience, and high conversion rates, it’s time to consider various sales methods. Below you will find the three most popular ways to sell ad spaces by publishers.
1. Affiliate Marketing
The fastest, and possibly easiest, way to start earning money with your website is to become an affiliate publisher by joining an affiliate program. Affiliate advertising is when a website publisher, blog owner or a business entity agrees to promote a product or service in exchange for a commission. Usually, website owners place affiliate links, banners, and text ads and convert their organic traffic into referrals for media buyers.
Minimum requirements for publishers to join affiliate programs include:
- having an individual domain name;
- at least one email account linked to that domain;
- a website layout that supports ads of various formats;
Also, you should have a responsible person who monitors emails, ads and is able to customize the website when necessary. Almost anyone who owns a website can become an affiliate publisher. You simply have to become a member of an affiliate network, such as Clickbank, Amazon Associates, eBay or Commission Junction. Affiliate networks connect publishers and advertisers and offer thousands of affiliate programs. As a rule, these networks charge advertisers with a setup and license fee. However, it is free of charge for publishers.
Affiliate marketing strategies and ways to approach the audience vary greatly, and it is not only about inserting affiliate links. For example, in order to advertise a retailer’s product, the publisher may write a product review, rank the product or compare prices of two similar products. If you have a base following or loyal viewers who trust your choice, you can also show people how to use the product, try on new clothes, test after-shaving lotion or take a new car for a test drive.
This type of digital advertising is performance-based because the publisher profits come from generating clicks, leads or sales. As a rule, 80 percent of affiliate publishers are paid on a PPS basis (pay-per-sale), 18 percent on CPA (pay-per-action), and the remaining programs use CPC (cost-per-click) and CPM (cost-per-thousand impressions) as compensation methods. Learn more about pricing models: CPC, PPC, CPM, CPI, CPA, CPL: Which Online Ad Models Are Best?
It’s worth mentioning that affiliate advertising can turn a website or blog into a real cash cow. The commission for a user clicking on the affiliate link and purchasing a product can be somewhere around 30 to 50 percent. That means if the merchant’s product is $50, a publisher can earn $25 just for referring the buyer.
2. Programmatic Advertising
One of the best ways to sell ads is to display advertising. Whether you are a blogger who just started gaining an audience or a respectable publisher, programmatic advertising has something to offer. The secret is in the automation of the buying and selling processes. No need to look for media buyers or wait for the suitable affiliate program, display advertising will match appropriate ads with relevant audiences. Much more information about programmatic advertising technology you can find here.
It is very easy to start using automated advertising. You have to register as a publisher on a supply-side platform (read about what is a supply-side platform). Then, you have limitless opportunities to sell ads online. Publishers may choose to sell ad space through open real-time bidding auctions (more information about the importance of RTB read on here), engage in private marketplace direct deals, establish one-to-one relationships with buyers via preferred deals or enjoy capabilities of programmatic direct. Programmatic advertising enables publishers to optimize sales, streamline operations, maximize revenue and receive powerful insights from real-time statistics that allow better customization of the ad space in the future.
Due to opportunities presented by display advertising, publishers finally use data and technology to boost sales. You will be able to understand your audience better, and machine-learning algorithms will deliver highly targeted ads that perfectly fit your audience's interests. With programmatic buying (read about things you need to know about programmatic buying), publishers are instantly connected to the demand sources locally and worldwide. Additionally, publishers understand the value of their inventory better when putting it into a highly competitive bidding environment.
With display advertising, publishers choose how many ads appear on the page, select the ad formats (text, banner, video, pop-ups, interactive, etc.), the content of the ads and even colors. When you become a digital publisher and sell through the SSP, you always set price floors; therefore, you never lose. The ad serving ecosystem allows publishers to sell ads for maximum profit and get 100 percent fill rates. Depending on your objectives, you can choose to work with local brands or with global brands.
Display advertising is the most effective advertising method for publishers because it requires a minimum investment, it’s easy to begin and it is fully automated. Therefore, more than half of the manual work — finding media buyers, negotiating prices — is minimized and done by machines. Publishers get simplified operations and maximized yield.
3. Selling Ad Space Directly
Finally, a publisher looking for the most effective way to monetize their website might consider direct ad sales. This method excludes the middleman (ad networks, ad exchanges, affiliate networks) and allows publishers to make direct contact with media buyers, earning significantly more money. With that said, this method is more time-consuming and requires a lot of effort and patience.
When selling space directly, publishers promote a retailer’s product or service, receiving 100 percent of the advertising revenue. Furthermore, publishers set their own pricing and remain in control over decisions on how to charge buyers and which payment method is most desirable.
Finally, publishers choose which brands to work with, establishing unique business partnerships that are both long-lasting and lucrative. With direct sales, media owners ensure stable revenue streams and never have headaches because of clicks, conversions, and sales.
The trick is that selling ad slots directly means finding advertisers manually and personally negotiating terms with them. This process may be daunting, especially for small and medium websites with average traffic.
So, how do you find people who would like to advertise on your website? First, you can create an “Advertise” landing page and a media kit. Second, you can check similar niche blogs or competitor’s websites and see what brands sponsor those platforms. Next, you can try contacting those brands and offer a partnership on your terms. You may also check the forums or chatrooms where website publishers share their experiences and provide useful tips on how to advertise directly.
Selling ad space directly involves direct contact with retailers and direct negotiations and agreement between two parties. Before offering space on your website, you must know the real value of your target audiences and be able to estimate the potential revenues. Also, you can read this article - A quick guide to website and blog traffic monetization.
Where Do I Start?
Digital publishers face an important choice when it comes to advertising. In this article, we covered three major methods to selling ad space online, and each has their own advantages and disadvantages. When choosing a way to advertise, think about whether you fit the requirements. Also, consider your objectives:
- Do you want to advertise content-related products?
- Do you want to have a separate page for ads?
- Do you wish to receive maximum revenues with programmatic?
- Do you want a specific brand to sponsor you with direct sales?
Your answers to these questions will lead you to the right decision. Whatever you chose, SmartyAds is always glad to assist you! So, if you are still interested in selling ads on your website programmatically, please feel free to contact us!
Become a digital publisher, and unleash your audience’s potential. Showcase ads, receive revenues and think about how to monetize them even more.
Irina Kovalenko, CMO of SmartyAds