Debs from SiteSell wrote:[size=150]
Tasks For Today
The first step in the Challenge is to select the top 5 strategies you are either using, or want to use for your site(s). Please prioritize them in the order you want to implement them. If you are using more than 5 monetization strategies, please note how many more are on your site at this time.
As a part of the selection, please post listing your prioritized strategies, and give a couple sentences on why you selected that particular strategy for each of the 5.
Please note if the strategy is *in place* or *pending*.
If you have any questions about your monetization, feel free to ask questions as we go along. If I can’t answer you, I’ll try to get the answer for you. If you know the answer to any questions posted, please feel free to jump in and help each other.
Tomorrow we will work on researching the strategies you've chosen.
See you again soon!
All my best,
I'm an author of Epic Fantasy (main character is an Elf wizard with his unicorn; 130+ novels and 2,000+ short stories in the series which first started in 1978 - next year will be it's 40th anniversary), am an artist (watercolour, acrylics), art car builder, costume designer, CosPlayer, YouTuber (vlogger and gamer) and doll maker. My site started out in 1997 as an author home page for my books, it has moved host several times. Crashed WordPress servers when it reached 9,772 pages, and so I moved it to SBI in 2013. Currently 1,508 pages are moved to SBI... the Wordpress site is still live, but each page is being deleted as it get moved, so eventually the WP site will be gone once all 9,772 pages are moved to SBI.
The bulk of my income is of course sales of my books and art.
You know, I don't know how many monetization methods I'm using. So let's count and find out.Things I'm already doing.
In order by which one makes the top/most money per year to the one that makes the bottom/least money per year, I have:
- my art on Zazzle products
- AdSense from my YouTube vlog videos embedded on my site
- my books for sale (both paperbacks and ebooks)(Novels, non-fiction books, and short stories)
- my crafts/dolls/etc for sale on eTsy (often made with my Spoonflower fabrics)
- designing fabric for Spoonflower
- my art on CafePress products
- Share-a-Sale Affiliate Program
- LinkShare Affiliate Program
- Commision Junction Affiliate Program
- AdSense ads on my site
- Amazon affiliates
- SBI Affiliate program
Okay, so that's 12 different ones I'm using (I hope I didn't forget any).
Ones I've tried and no longer do:
Up until this past month I was also using Shopify, but I'm discontinuing that, and moving the pages to my current SBI site, with plans to possibly next year start a 2nd SBI site and then move them to there. For a few year I had the art.com affiliate program and that was pretty good because I could illustrate my site with famous paintings and make money doing it, but sadly the company sold to a bigger company and the discontinued the program. I also had PepperJam for a while, but the company went out of business, then returned a year later and I never set up a second account due to loss of trust after their vanishing the first time.
So those are ones I had in the past until rather recently, but as of 2017 am no longer using.Future plans, ways I want to monetize, but have not implemented yet:
- Loot Crate Affiliate Program
- other affiliate programs I've not yet discovered, but hopefully will find soon
Now... which 5 do I want to focus on?
In order of priority...#1: AdSense ads on my site (which are a very different beast from AdSense ads on my YouTube videos)
While I feel I've got a handle of AdSense on my YouTube channel (which while not a large income, does increase steadily every month), AdSense ads on my site struggle to gain traction. In the past, AdSense on site (on my previous host before moving my site to SBI) was the top income, with some pages (just the 1 page, not the whole site) bringing in $200 every month, and many pages bringing in $90 per page each month. It was a really big income for several years, but then that webhost went out of business, I moved to WordPress, Google created Panda/Penguin/etc, and since 2012 AdSense income goes down instead of up. I moved to SBI in 2013, and saw a slight increase in AdSense in come, but from one month to the next, the increase is $1 more then last month, $2 more then last month, .50c more then last month, etc. In 2017, AdSense income has increased for me, but still, it's like $17 more in January 2017, then January 2016, etc. So, it's sluggish.
I know from the past, that AdSense has potential to be a huge income maker, but that was pre-Panda. I'd like to learn how to have a pre-Panda AdSense income in a post-Panda world.#2: Amazon Affiliates:
As you can see from the list, this is my worst avenue, bring in the least income. I beta tested this program in 2004, before it went live to the public. For years it was my top income. This income was massive. A full time job income. Then Maine (along with 16 other states) passed the Nexus Tax law in 2013, and to punish those states Amazon threw a hissy fit and closed everyone's accounts. In the blink of an eye, one of my largest income sources was gone without any warning. This was devastating on my family, as it was the bulk of the family income. For 4 years Amazon and the 16 governors battled it out in court. April 2017, the states won and Amazon was forced to let members have their accounts back. Now 6 months later, with Amazon back on my site for only a few weeks, it seems that Amazon links do not get the high rate of clicks they did before the Nexus tax debacle. In searching around, I've found a lot of articles, of people saying today it is difficult to make an income from Amazon Affiliates, but some people still do... I want to learn how to become one of those people. I did it before, I feel once I figure out their new system, I can do it again.#3: Dropshipping:
Not currently doing and in the stages of researching. I had an idea for a drop shipping store for several years now. I am thinking I want to start a 2nd SBI site and build a drop shipping store from it. I had started to do this with Shopify, because at the time everything I read was telling me "you can't dropship without Shopify!", but at the time, health issues sent the plans astray (me paralyzed for 5 months then relearning to walk) and I had to put the Shopify store on hiatus. It has sat for 2 years, costing monthly payments and bringing in no income. In that time I have learned more about drop shipping and no longer feel that I need a Shopify store to do it with. I've found several people who did dropshipping from their own sites and read their blogs. So I now feel that I can do the same thing. While I have no plans to implement dropshipping right now, this year, I would like to learn more about it right now, before go forward on starting a second SBI site with the goal of making it into a drop shipping store.
#4 SBI Affiliate Program:
- I already have a plan of theme/products - An Occult/Pagan/Hoodoo/Wiccan/Psychic supplies shop
- I already have a contract with 3 suppliers of such products (I tracked down suppliers of products I use so I know these products and plan to make YouTube videos on how to use them - the videos to be embedded on the product sales pages - I already started making a few test run videos to see how they stand on their own on YouTube)
- I already have/signed up with affiliate programs with 3 different online psychic readers, whose banners are currently on my current site to test them out, but will be moved to the drop shipping site once I build it
- I already have my business license from the state and resellers license from the IRS
- I already have my domain url, as I found the name of my store to be available so bought it immediately so I wouldn't lose out on having it - currently directing to Shopify
- I've decided that once I get this up and running, to use the PayPal cart as it's something I've used in the past and am familiar with
- hopefully by summer 2018 I'll have this site up and running
- I am highly interested to know if anyone has ever done dropshipping via an SBI site before, and if so, what advice they could offer, things they recommend doing and avoiding, etc.
As you can see, this is the bottom of the list in terms of income. It's in place, but so far no income from it. I feel I could be doing something different here, but not sure what. I am highly interested in learning what strategies others have used with the SBI affiliate program.#5: Finding ways to increase sales of my products.
(Novels, ebooks, short stories, crafts, fabrics, art on POD goods, etc.) This encompasses Amazon CreateSpace, Amazon Kindle, Zazzle, CafePress, Etsy, LuLu, Spoonflower, etc. These are all products I make offline with my hands (typing stories, watercolor paintings, sewing dolls, etc) and then sell on line via various venues. These things are already making up the bulk of my income, but I feel I have definite room for improvement, especially in how I use SBI to direct traffic to my products thus increasing sales.
#1: As already stated, I am highly interested to know if anyone has ever done dropshipping via an SBI site before, and if so, what advice they could offer, things they recommend doing and avoiding, etc.
This is probably my top question. I would love to know people's experiences in building a dropshipping store with SBI.
#2: Has any one tried Patreon on their SBI site?
Patreon is very new, the company is less then a year old. I've heard a lot of success stories for YouTube gamers who've tried it, but I'm wondering how would it work for an SBI site? (If you've not heard of it yet, Patreon is a "tip jar"/"donation" program that allows your subscribers to become sponsors of you, by pledging a monthly donation amount. For example a person may pledge $10 a month for a year, thus you receive $120, $10 per month for 12 months.)
#3: I have recently opened a FameBit account as I'm fast closing in on the required amount of subs. (If you don't know it, FameBit is a place for businesses - BIG businesses, like Macy's, Canon, etc - to post advertisements requesting people to review their products; the requirement is 5k subs on your YouTube channel. The company sends you a product, you use it for a few weeks, make a series of videos of you using it, upload them to YouTube, set to private, send the company the links, and if they approve it, they pay you -varies by company but minimum is $20, most pay $100+ and then you publish the videos and keep 100% of any AdSense income as well.) I already make book review pages on my site and plan to expand this, via FameBit. The company is very new, almost 2 years old. I know a couple of people who use it. I was wondering, has anyone yet tried it on SBI, or am I the first one planning to do this? The program is aimed at helping YouTubers make an income, but I'm unaware of any YouTubers (other then myself) who use SBI as a promotional means of their videos. I feel I'm treading new grounds here and cutting the trail alone, as I seem to be the first and only SBIer doing this. Has anyone else tried FameBit yet? If so, any tips, advice, etc?