2010 Reminder: Test the Monetization of Your Blog

Monetization can get lost in all the blogging activities we have to juggle. Let’s face it, there’s a lot that goes into blogging. Content, marketing, and building relationships take up a lot of our time and it can be easy to forget about monetization. But if you want to make money with your blog, you can’t ignore, well, the making money part

I believe that content and traffic comes first, but after you generate a healthy content and traffic base, there comes a time when you must focus on optimizing your monetization. Otherwise, you’ll leave a lot of money on the table.

So, at the beginning of a new year, I thought I’d remind you to look at your monetization tactics and see how you can improve on them. How can you get conversion rates and make more money with the same amount of traffic? I’ll share two examples from my sites.

There are various ways to approach the monetization process but basically it boils down to testing. In other words, try different ways to make money. Then, let them run at the same time and after a couple weeks, analyze the results and pick the best method.

Testing AdSense

I’ve been testing the AdSense ads for a dating blog I co-own with my sister. The blog reached a respectable level of traffic a few months ago, so I started optimizing the ads since they were the blog’s primary income source.

In my first test, I created two different ads and placed them above the fold and below the fold. Then, I let them run for a couple of weeks. During the testing period, ad #1 ran half the time and ad #2 ran in the other half. After the test, it was pretty clear what we needed to do to make more money. Above the fold, ad #1 made almost four times as much money as ad #2. Below the fold, both ads made the same amount of money but it was very small amount.

Based on the results, we kept ad #1 above the fold and discarded ad #2. The money from the ads below the fold was so low that we scrapped them to make the site less cluttered.

Giving Up on a Strategy

Sometimes you have to drop a monetization strategy since it’s clearly not working. For example, I’ve tried multiple ways to get AdSense working on my gaming blog. The biggest program was the irrelevancy. AdSense kept showing irrelevant ads even when I tried to tweak my posts. Because of this, the dating blog makes 30 times more than the gaming blog yet it has half the amount of traffic. I understand that dating is probably a more lucrative niche than gaming but not 30 times more!

Therefore, I scrapped AdSense and found a couple related affiliate programs. It’s still early, but the numbers have been better than AdSense.

Continual Improvement Through Testing

Fortunately, it doesn’t take much time to set up a monetization campaign. Most of the work is just setting up a test and that can be done in a couple of hours. Once you’ve done that, you don’t have to check it until a couple days or weeks have passed. Then, you spend a couple more hours to analyze the results, make the necessary changes, and setup a new test.

But you do have to remind yourself to continually test every couple weeks or so. Again, it’s easy to forget since you can get lost in all content generation and marketing so put it on the calendar as a reminder.

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Making money with Amazon even if you miss the direct sale

Until recently, I’d almost given up on being an Amazon affiliate. It wasn’t necessarily hard to get people to click on links but they rarely seemed to buy what I was offering them.

However, times have changed. I can’t think of any of my family, friends or acquaintances that isn’t aware of the Amazon brand and hasn’t bought at least one item from them.

What I’m discovering more with Amazon is that, while the basic rules of affiliate success remain the same — including traffic, deep-linking, compelling and relevant enticement — Amazon is one of the few big names that rewards you even if your visitors’ first clicks don’t make a sale.

Granted, you only get 24 hours from a visitor landing at Amazon from your site in order to earn commission from items placed in their basket, but there’s also a 90 day window of opportunity if users add something to the basket on day one but don’t purchase it immediately.

I used to think that Amazon had less earning potential than pay-per-click advertising such as AdSense or Chitika, because someone not only has to click but also purchase before you earn any money.

Thing is, I’m finding that if I can get people to visit Amazon, I have a good chance of earning commission on everything they decide to buy, even if it’s not something I initially recommended.

Looking a what people order, a number of items are either the exact product I recommended, or something closely related. The other items are seemingly random.

So, with decent traffic and a positive push towards Amazon from a wide variety of your blog posts, you do have the potential to earn, letting Amazon do its usual great job of drawing people further into its site and towards the “Add to Basket” button.

I know some other affiliate programs also offer this kind of deal. It’s worth looking into. If you’re transparent about your links and recommend stuff that you own, or would buy yourself, then regardless of whether your visitors buy those items when they go to a merchant site, they’ll hopefully remember your site as a useful source for genuine product recommendations.

Income from Amazon is still far more unpredictable than from other forms of advertising I run on my blogs, but I now believe it has much greater earning potential too.

Now to drive the traffic in.

What’s your experience with Amazon or other affiliate programs and indirect conversions like this?