The formula for making money on the internet is simple – Advertising + Traffic = Money Earned
Ads and Traffic. Yes that’s right, just add traffic to your properly monetized website and you can make all the money you’d ever want while you do something else.
If you’re asking yourself how to make more money with your website you might be asking the wrong question. The right question is how much traffic do I need? How much web-traffic do you need to make a million? Well, I can answer that question.
Get yourself a piece of paper and I will show you how to make a million with your website.
First thing I want you to write down is – The total amount of money your website has made up to this point (a round number).
*even if it’s only made a dollar, that is fine.
*If the website has made nothing, I will address this issue.
Next I want you to write – The total amount of transactions. (This means – Pay-Per-Click, Affiliate sales, Paypal, everything.)
*Example: Let say the website has made, $3.50 from Adsense (5) clicks and you sold a PayDay Loan for $6.50, for a total about of $10.00 dollars. (keeping the numbers round so this is easy for you to follow.)
So we have 6 total transactions 5 from Adsense and 1 from the affiliate sale from the payday loan that have taken place, for a total of $10.00 this would be a avg. of about $1.60 per transaction made on your website.
Now that you know your total earned – I want you add the number of hits that your websites has received.
*In this case we are going to just say 1000, again to make this as simple to follow as possible.
This is how it is calculated:
If the website has had 1000 hits, you have converted a sale 0.06% of the time from your traffic, at a average rate of $1.60 per sale.
*standard conversion rates for online sales are 1-5.5% (these numbers fluctuate, based on how targeted your traffic is.)
So if you are wondering where the million comes in, based on this sample data I provided and if this conversion rate is maintained.
You will need approximately ten thousand visitors to make 100 bucks
100,000 visits to make $1000.00
1,000,000 visits to make $10,000.00
Web traffic times sales times conversion factor equals earnings.
If your website hasn’t earned anything, you haven’t properly monetized it. Look over my blog at examples of monetization. Google ads, affiliate ads, sponsors, partners. Pick what fits with your blog’s niche, ad them and you should start earning. Then you can apply the formula to determine how much traffic you need to make the money you want to earn.
You get the idea… Now go get yourself some traffic.