Leveraging your blog space to earn advertising dollars is a real possibility for mom bloggers, especially those who have cultivated a loyal audience and have a considerable amount of readers each day. As great as the prospect of advertising is, though, there are basic rules to follow in order to properly attract ads and display them on your blog.
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1) Your blog stats: Include how many people come to your blog every month (unique visitors) and how many page views your blog receives. You can also include your Google page rank, Alexa rating, and Technorati rating if they are favorable. If not, leave them off.
2) In the press: If your blog has been mentioned or featured in the media, let potential advertisers know which publication you were featured in and the date it was published. You may even want to take a screenshot and provide a direct link where advertisers can see your media mention themselves. Media reviews or features let advertisers know that your blog has been noticed by readers and the press alike.
3) List your rates: It can be hard determining how much you should charge; you don’t want your rates to be too high where advertisers walk away and you don’t want them to be too low either where you cheat yourself out of valuable earnings.
4) Ad sizes: Online advertising is pretty consistent across the board. Ad sizes rarely veer from these standard sizes and are written in dimensions "width x height" and are measured in pixels. Here are the standard sizes:
5) Impressions Versus Monthly Rates: If there is one thing advertisers want to know it’s how many times their ad is going to be seen and how many times they can expect their ad to be clicked. Even though actual clicks can only be determined by how effective an advertiser’s message and banner ad is, advertisers do want the satisfaction of knowing how many times their ad will be seen and you can easily provide that peace of mind by selling your ad space in units as opposed to flat monthly rates.
Online ad space is sold in impressions, or how many times an ad is actually seen. And then impressions are bundled by thousands in order to be sold. This is referred to as CPM, or cost per thousand.
For example, you can sell advertising space for a small 125 x 125 banner ad at $3 CPM. That means an advertiser will have to pay $3 for 1000 views of their ad. Typically, publishers (you) will require a minimum purchase of 5,000 or 10,000 impressions. So, if you require a 5,000 minimum purchase the advertiser would pay you $15 because 5000 impressions x $3 CPM = $15.
Remember, you can set your pricing as high or as low as you think is fair. But do you homework and try to price your space as close to the going rate as possible.
Thanks for the great tips!
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