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Ten Methods for Finding Profitable Niche Markets



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15 WAYS TO MAKE MONEY USING OUR NICHE SITE TEMPLATES



Niche sites are websites that focus on one particular subject / market niche. For example, a webiste about gardening is considered a niche site, or a website dedicated to business planning can be a niche site.

Here are 15 ways for monetizing a niche site using our niche site templates.


Monetization method #1: Affiliate links

Affiliate marketing is one of the most popular ways of making money on the internet. You place a company's links or banners on your pages and every time a customer lands on the company's website coming from your site through your affiliate link and buys something, you will earn a commision for that sale.


Monetization method #2: Earning with contextual advertising (PPC ads)

A great way of earning money with a website is to incorporate PPC ads from the Google AdSense network. They are contextual advertisements where you have to insert an HTML code into your website and it will display textual or banner advertisements matching the theme of your site. PPC stands for pay-per-click and as the name reveals you get paid for each clicking of the ad by a visitor. The click rates vary depending on the keywords that the ad is associated with. (Google AdSense ads are based on keywords and are served on a publisher's website depending on the keywords the site is optimized for.) Of course, AdSense is not the only one contextual advertising network, but it is the most wide spread and well known.


Monetization method #3: Displaying CPM ads

This is similar to displaying PPC ads. CPM stands for Cost per Mille, and it refers to the cost for 1,000 impressions. When displaying CPM ads you get paid according to the number of impressions (i.e., page views) that the ads displayed on your site will generate.
A site that generates 100,000 page views monthly displaying an advertising banner with a $1 CPM,  will earn $100 monthly. CPM rates vary with the different networks. You can get as low as $0,10 and as high as $10 per 1,000 impressions. (some CMP networks: Casalemedia.com, Burstmedia.com, Valueclickmedia.com)


Monetization method #4: Direct banner advertising

Create your pages with potential ad spaces on them where you can display paid banner ads of external advertisers. After your site has taken up and attracts a good number of visitors in your niche, charge money for placing banner ads on your site. If your website is rich in content or has a readership that is important for advertisers they will be willing to pay for having their ads on your site.


Monetization method #5: Sponsorship for columns / events

This model works very well in the print media and lately also on websites. If your site or blog has different sections or columns that specialize in a given subject, you could find companies as sponsors for the sections. Basically it's a form of displaying the company's banner or text advertisement in the sponsored section. It gives advertisers the possibility to target a more specific audience.


Monetization method #6: Charging membership fees for premium content

Membership sites secure their operators a steady income month after month with charging a subscription fee or membership fee from their members. A few examples for membership sites: private label rigts article sites, online courses, coaching clubs, download sites, private forums, etc. You can also mantain a website that has free content, and charge money for giving access to the premium content.


Monetization method #7: Sponsored reviews

This is getting more and more popular in the blogosphere. Bloggers can earn money by posting reviews on products, websites, services or companies. (Where to find advertisers: PayPerPost.com, SponsoredReviews.com, ReviewMe.com).
Apart from blogs, this monetizing model can work very well on a traditional website. Offer advertisers the opportunity to display a sponsored review of their products for a given fee.


Monetization method #8: RSS Feed Ads

RSS technology is adopted by a large number of websites and blogs and their owners are starting to find ways to monetize it. Feedburner.com already has its own publisher network, and you can sign-up to start displaying CPM based advertising on your feed footer. Bidvertiser.com has also introduced an RSS feed ad option as well, with a PPC scheme. To create RSS feeds for a static (HTML) websites you can use the software at FeedForAll.com or advanced webmasters might give a go to createing feeds manually written in XML.


Monetization method #9: Donations

Placing a “Donate” link or button on a website can be another way to earn money. Websites and blogs that offer valuable content to their readers and have built a loyal following have high chances to receive donations by their readers through PayPal donation buttons.


Monetization method #10: Starting a classifieds section

You can either start a free classifieds section on your website that also lists 'featured' ads (i.e. paid ads) or decide to only display paid ads. Several classifeds softwares and scripts are available on the internet that can be installed on your website.


Monetization method #11: Starting an online auction section

It is similar to the classifieds section. You could let users of your website list their products on an online auciton section of your site. Charge a fee for either just the 'featured' or 'sponsored' listings, or make everyone pay for displaying their products on your auction site. There are online auction softwares available on the internet both free and paid versions.


Monetization method #12: Starting a newsletter

A newsletter could be an additonal service to your website. Newletters offer several income options, you can read about them in more detail,  here >.


Monetization method #13: Selling your own products

Depending on the niche market you target and the theme of your website you might sell physical or digital goods via the internet. A crafts related personal website, let's say, one about candle making, is a logical channel to promote the webmaster's own self-made candles as gifts. In the digital department though, programmers might sell softwares and scripts through website, and almost anyone can find a topic to write an ebook about and sell it as a downloadable info product.


Monetization method #14: Generating income through banner ad networks

Before contextual advertising entered the scene of online marketing there were already networks that gathered together advertisers and publishers. With the two coming together, publishers who had a website could lend ad space on their sites and advertisers could target their promotional messages more precisely by appearing on specific websites with the desired readership and potential customers. The difference between these and contextual advertising is that here ads are not served on the basis of keywords. Publishers can decided which advertisements they will run on their websites. Some networks: Crispads.com, Adgenta.com, Kanoodle.com, Revenuepilot.com.


Monetization method #15: Offering private consulting / coaching

If your website's theme is related to your profession or hobby, it is a good way for extra income to offer your expertise to your website's visitors. Establishing yourself on the internet as an expert of a certain field will enable you to lure potential clients to your business.



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