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Creating a eCommerce website and hosting it is within
the reach of most of us. Even if we don’t know the
alphabets of creating a website, we can hire a web
developer and do it.
“Unless we get a lot of traffic to our websites, we
will not be able to make decent money from an Internet
venture. There are millions of websites and the
competition among these websites to attract visitors is
intense. How can a beginner like me make money on the
Internet?” Suresh asked me.
“Statistically only 3% of visitors to any website do
an act, such as buying a product or responding to a
survey, that helps the website make money. So, it is
clear that traffic and income have direct proportionate
relationship. But every rule under the Sun has an
exception. In many cases, it is possible to make money
even with a little traffic,” I told Suresh.
“That’s encouraging. I would like to hear about such
projects,” said Suresh.
“One of the ways to make money online is to sign up
for contextual advertisement programs such as Google
AdSense and Yahoo Publisher Network for your website. Do
you know what Contextual Ad program is?” I asked Suresh.
He shook his head.
“A Contextual Ad program combines pay-per-click and
pay-per-impression advertising. It displays ads that are
relevant to the content of your webpages on your
webpages. You get paid for valid clicks on the ads on
your site or search results pages as well as impressions
on your content pages. Anyone with a website or a blog
can join this program. It is free to join,” I told
Suresh and continued, “Each valid click by your visitor
gives you money. The amount of money you earn for each
click varies from Rs.1 to Rs.1,000. So, if your webpages
can generate high value ads, you will make decent money
even if your website attracts low traffic.”
“I think you are kidding. Who will pay Rs.1,000 per
click?” Suresh was not ready to believe in what I said.
“Whether you believe it or not, it is true. There are
thousands of businesses that sell very expensive or high
cost niche products. For such companies prospect
acquisition cost runs into thousands of rupees. Such
companies are happy to pay more than Rs.1000 for every
valid click,” I told him.
“Can you please give me an example?” Suresh asked me.
“Mesothelioma is a disease that afflicts 3,000 people
every year. The disease is caused by asbestos exposure.
Asbestos is a known toxin that many irresponsible
companies continued to market for decades in the face of
scientific evidence proving its danger. Mesothelioma
attorneys have made negligent companies pay millions of
dollars to asbestos victims. This means lawyers
representing Mesothelioma victims earn in millions. So,
these lawyers are ready to pay you even $50 ((Rs.2200))
for every valid click. If you send people who are
affected by Mesothelioma to these lawyers that will help
them to get compensation amount, you will make good
money. If you attract just five such visitors a month,
you will make Rs.10,000 a month.” |