How to Find Advertisers for Your Website: The Ultimate Guide
Direct advertising sales is arguably the best method to monetize a website. Finding advertisers for your site and actually closing the deals, however, is not as straight forward. Over the past 6 months I had more than 10 high profile companies sponsoring Daily Blog Tips, and through out this article I will share what I have learned along the way.
- More money: The first advantage of selling your own ads is the fact that you will cut the middlemen out, increasing your revenue potential. Suppose you sell text link ads on your sidebar through a certain company, and the text links sell for $50 monthly. Since you are using the company network to sell the ads, they will eat 50% of the price, and you will end up earning only $25 monthly for each text link. If someone is willing to pay $50 for a text link on your site, though, it means that they are getting $50 of value out of it. Why, then, should you share that with someone else?
- Independence: Sure, large advertising networks have access to a wider pool of advertisers, and they have more credibility to close the deals. But if you have all the requirements in place (see the section below) and spend some time looking at the right places, I am sure that you will be able to sell your own ads just as efficiently as the larger networks.
- Flexibility: The third advantage of selling direct advertising is that you will have much more control over where and how the ads will be displayed (i.e., you can avoid intrusive advertising). Google Adsense is nice, but unless you blend it with the content — annoying some of the readers — you will get terribly low click-through rates.
- Credibility: Finally, having sponsors and direct advertisers on your blog might help your credibility. Even small and poorly crafted blogs can stick some Adsense units here and there. Having established companies that are willing to partnership with your site, on other hand, can signal that your content has quality and that the site is somewhat professional.
- Time consuming: While selling your own ads has many advantages, it is no panacea. The first drawback of this monetization option is the time that it will consume. This time will be spent optimizing your website for the ads, finding potential advertisers, negotiating with them, and handling the administrative matters (e.g., making payments, tracking statistics, delivering reports and so on).
- Many requirements: Selling direct adverting is not as easy as making money from Google Adsense. As you can see from the section below, you will need to have a popular blog, a professional looking design, special software and the like.
- Unstable: Unless you close deals for very long periods, which is unlikely, you will find your self looking for new advertisers or optimizing your website to attract new ones every other month. The opposite is true for most advertising networks, where you just need to plug some code and they will do the rest of the work. (If your site or blog is just a hobby, therefore, direct advertising might not be the best option)
What You Need to Have in Place
- A popular website: Before landing direct advertising deals you will need to have a good amount of traffic on your site. There is no “magical” number here, but a good rule of thumb would be 1000 daily unique visitors. If you are below that mark you should focus on building traffic instead of looking for advertisers. Other factors like Google Pagerank, RSS subscribers and Alexa rank might also help. (Notice that small websites might also be able to sell direct advertising, but usually the time spent on that will not justify the results)
- A clear focus: You might have the most popular site on the Internet (well, not as extreme as that, but you get the point), but unless your site also has a very clear niche and a defined audience, advertisers will not find it very attractive. This means that you should avoid rambling about 100 different topics on the website. Advertisers want to deliver a message to specific people, and the more specific the better.
- A professional looking design: If you are planning to monetize your website through sponsors, you probably should invest some money into a professional looking design. Advertisers will be associating their product or service with your website, and not too many of them would be willing to get mixed with an ugly, MySpace looking site.
- Give visibility to the sponsors: This point is connected to the previous one. Not all templates and themes will be suitable for selling direct advertising. Preferably you want to have an idea of what kind of advertising you will sell (e.g., 468×60 banners, 125×125 banners, text links) and design your website according to those objectives. Advertisers want visibility, so reserve a good spot for them.
- Adserver software: In order to serve your ads, rotate banners and track statistics you will need to install an Adserver. If you are looking for a simple solution you should try WP-Ads. This WordPress plugin will serve ads for specific ad zones that you create. The only drawback is that it does not count clicks (only impressions). If you need a more sophisticated solution check OpenAds. You will need to spend some time learning how to use it, but it offers virtually all the features you will ever need.
- “Advertise Here” page: It is very important to have an “Advertise Here” page. On this page you want to give some details about the website, like audience, traffic and any other factor that might be of the interest of potential advertisers. Secondly, make sure that you have some link to that page on the navigation bar and if possible close to the zone where the ads will be displayed. You can see a perfect example of such layout on Copyblogger.com.
- Standard letter to approach advertisers: While some advertisers will contact you after reading your “Advertise Here” page, the rest of them will need to be directly approached by you. In that case, it is a good idea to create a standard letter to contact the advertisers. There is no “one size fits all” solution here, but you can follow some general guidelines:1. Introduce yourself and quickly explain what the email is about
2. Explain why you decided to contact them and what they have to gain
3. Give details about your site (traffic, subscribers, topic, audience)
4. Give details about the advertising options (location on the site, max number of advertisers, monthly price)That is it, after that information the advertisers should be able to decide if they are interested or not. If they reply, then you will fix the details. Bear in mind that all the info I mentioned should be contained in 2 or 3 paragraphs. If you send an essay to potential advertisers they will just skip it altogether.
- Accepting payments: You might have everything in place, but if you are not able to cash payments — or more importantly, if advertisers are not able to pay easily — you will end up losing deals. PayPal is the best option here. Notice, however, that a personal account will not suffice. You will need at least a premier account to be able to accept credit cards.
Where to Find the Advertisers
Once you have your direct advertising program established, you will start to receive inquiries from people. On the beginning, however, you will need to hunt advertisers down. Do not get discouraged if get turned down initially, provided you have all the aforementioned requirements, sooner or later you will find someone willing to take a shot on your site.
- People posting jobs or actively participating in the forum: If you run a job board or forum then your most active users are often good candidates for ad placements. Job boards ESL Authority actively approaches the people who regularly post jobs in order to discuss direct advertising opportunities.
- People linking to your site or articles: If a company is willing to link to your articles or to add your website under its “Links” or “Resources” section, it is also probably willing to discuss about advertising on your site. Keep track of those incoming links.
- People leaving comments/e-mails: The same principle applies to people leaving comments on your blog or sending you e-mails. If among them you see an employee or the owner of a company that could be interested on your website, bingo! Contact him or her and get the conversation going.
- AdWords advertisers: Through out your search for advertisers you will notice that most of the established companies are not aware of the benefits of online advertising. If a certain company is already spending money on Google AdWords, however, it is very likely that it would also be open to other forms of online advertising. Think about some keywords that are related to your topic and Google them. Check the sponsored links that will appear and contact them. (You can also check the advertisers that appear on the Adsense units of related websites)
- Other advertising networks: While Google AdWords is by far the largest advertising network on the Internet, there are many others that could be useful. Check the companies that are spending money on AdBrite, Text-Link-Ads, BlogAds, SponsoredReviews and so on.
- Banner advertisers on similar sites: Check out popular websites on your niche and see what companies are advertising there. Provided you offer them an interesting deal (i.e., a reasonable price for your size), I am pretty sure they will be interested.
- Create a “Potential Sponsors” bookmark folder: This technique produced outstanding results for me. I have a bookmark folder on my browser called “Potential Sponsors.” Every time I come across a company or website that could be interested in sponsoring my website, I bookmark it. Currently I have over 100 bookmarked sites on that folder, and I have not approached half of them yet.
How Much to Charge
- You need to provide value: It is all about value. A potential sponsor or advertiser will want to see some returns for the money he will be spending on your site, and this can be seen as visibility (impressions) and leads (clicks and possible sales). Make sure, therefore, that your advertising deals will deliver.
- The numbers: Remember that there are some pretty cheap advertising options out there (e.g., Google AdWords), and you will need to be competitive. Provided you reserved a good spot for the sponsors (sidebar or header, preferably) you could start charging a $0,5 CPM (cost per 1000 impressions). If your blog is generating 100,000 monthly page views, therefore, a banner spot on your sidebar should cost around $50. Start low and build your way upwards. Popular blogs (e.g., TechCrunch) have a higher CPM, sometimes as high as $10, but you will need a huge credibility to arrive there.
- Cross-check: You can easily check if you are charging a suitable rate by using Adsense units on the places where you will sell direct advertising. Analyze how much you would gain with Adsense, and adjust your rates accordingly. Secondly, you can also check similar sites that are already selling direct ads.
- Be flexible regarding the terms: Flexibility is key. First of all make advertising agreements on a month-to-month basis. People don’t like to commit to something they are not completely sure about. If someone proposes you a longer deal, offer a discount in exchange.
- Offer test periods: Unless you have a very popular website, you will find potential advertisers reluctant to spend real money. If you are confident that the deal will create value for both parties, however, you can use that on your favor. Offer a free test period whenever needed. Some of the times the advertiser will turn you down after it, but other times they will confirm the deal. Either way you have nothing to lose.
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120 Responses to “How to Find Advertisers for Your Website: The Ultimate Guide”
Yes, it is very true and important to have traffic and high pr or some pr before selling advertising space.
People would not advertise if site doesn’t have any traffic or not any Google pagerank
Excellent , thank u
Thanks for all the tips of how to secure advertisers to my site. Its very useful and I will surely adopt your advice and system.
Thanks once again.
I did like this though:
Standard letter to approach advertisers:
1. Introduce yourself and quickly explain what the email is about
2. Explain why you decided to contact them and what they have to gain
3. Give details about your site (traffic, subscribers, topic, audience)
4. Give details about the advertising options (location on the site, max number of advertisers, monthly price)
Bear in mind that all the info I mentioned should be contained in 2 or 3 paragraphs. If you send an essay to potential advertisers they will just skip it altogether.
Can’t say I agree with this:
“If someone proposes you a longer deal, offer a discount in exchange.”
I’d say it’s the opposite if you have a thriving site! Them getting a long-term deal locks them at a low price, thereby taking advantage of your future growth. To then give them a discount on top of that is not good!
What you should do is put a premium on top of your usual month-to-month rate if they want a long-term deal but make that premium less than your conservative estimate of future growth. If not that, then you’d be better off month-to-month.
Great tips. I suck at monetizing my site. So maybe this will help me.
NB – you can also accept credit card payments with a Google Checkout account (and there are no processing fees until 2008 (at least in the UK anyway))…
I was surfing the web and i saw this site, pretty cool.
Currently im running and adult site:Wellness
k, just want to say hi 🙂
Can i link you from my site? im looking for quality content like yours. If no let me know if i can add u in exchange for a montly fee or something.
Nice article, thank you for effort
Tara: Graphic Design Blog
Excellent article, I have been considering placing advertising on my site and your information definitely helps. One question I would like to ask though is does advertising put readers off – stop them reading your blog?
David Airey :: Creative Design ::
Excellent round-up, Daniel. Thanks for these tips.
I don’t monetize my site heavily at all, but I do use a small TLA section in my sidebar. I’ve often thought about keeping that extra 50%.
Great article, for long term success you definitely need to sell directly. It not only increases your overall revenue for the blog but it gives you a potential user base for any other blogs/sites you launch in the future. It can even be a source of content when an advertiser wants to form a joint venture/partnership.
easier to stumble to come back to later…this tops our list with our new theme unveiling in like 24-48-72..hours from now.
wow what a complete guide it is, these are useful for me as a newbie… Thanks Daniel.
Dan and Jennifer
Excellent points, great background. So many bloggers completely ignore this very powerful revenue stream.
Even just having an advertise page can go a LONG way to keep you from losing an advertiser that comes across your site and says “hey, I think I’d like to advertise here – can I do that”?
Have an awesome day!
William Profet from OneJobTwoSalaries.com
This is a very good article – the checklist that every blog owner needs.
Excellent guide, some really interesting points.
Thanks a lot for the link to this site. It is interesting for me, as a small niche blogger, to be in the position to do well with advertising (because of the well targeted content) but in the position of not doing well with advertising (because of the trouble with getting a significant amount of traffic). Articles like this definitely help. Thanks again!
(Blog Mastermind member)
good post daniel. I think that at first a network like text link ads can be beneficial because of the exposure the network brings you but further down the line direct advertising is preferable. It’s a lot easier to get advertisers to commit to longer advertisement times if there is a big deman for it.
For most of my websites i offer a discount for those who buy a few months worth at a time.
Thanks for the informative post. It will help me line up a few deals that I need to finish.
Great article, thanks. I was just thinking about this yesterday.
I’ve worked with online advertisers before (not as a blogger, but as a webmaster) and from my experience many want to “be online” but don’t necessarily know what to ask for. Designing custom ‘packages’ can do wonders.
dugg as well ^_^
I’d have to agree with “Complete Seo Tool” that traffic/readers is more important that PR.
Also, having something like the feedburner graphic showing the number of subscribers really builds some credibility. As an advertiser it’s really hard to gauge the traffic on a blog without something like that.
Finally, don’t be discouraged not being “the biggest” blog in the world/niche. We tend to look “just below” the leading blogs in a particular niche. The top blogs tend to way overcharge (because they can) and the “up and coming” blogs tend to be better bargains.
I’ve been doing this for years on WHT, approach any potential buyer like you are the seller, they want to know
What your site is about
What the page rank is
How many unique hits you get daily / monthly
If they will have a static or rotating ad
If they are allowed to use ALT text
Do they get a discount for multiple months
CPM, impressions or time is really important.
From a publishers standpoint, selling via CPM or impressions makes the best sense. From an advertisers standpoint, buying via CPM makes decent sense, however it is usually cheaper for the advertiser to take a risk and buy a block of time (1-6 months). I prefer to sell month blocks of time because I don’t need to run wp-ads, it’s easier to track and usually much better / cheaper for the advertiser.
Some buyers of ad space are more concerned with page rank and want their link hard coded to the site, not in a program like wp-ads. Some care more about page rank than traffic, some are the other way around.
I’d also suggest limiting the number of text ads you add to your sidebar. Too many and they will appear to loose value to any buyer. Stick with 3-10 or so, state this in your ad listing.
Keep track of everything! I use Google Calendar now, back in the day it was my Palm. I contact the buyer 2 days prior to their time expiring (I usually sold one month blocks) asking how the ad campaign had gone for them and if they would like to renew. If I’ve raised my prices in the weeks leading up to the end of that advertisers time, I let them know this and will usually offer to extend the price they paid to continue advertising. This has worked out really well. I’d rather have a few longer term advertisers that make me 5 or 10% less than a few hit and miss advertisers or none at all. It’s all about money over a period of time, not short term gains.
Complete Seo Tool
Thanks for such useful info , In my opinion Traffic is very important factor than PR to attract advertisers
excellent post. made a point
Great post, I will be following some of the tips.
A.J., absolutely, that is an important advantage for some people. It also refers to the payment thresholds that some networks use.
Great post man. Finding advertisers is not very easy. But following these tips can surely get a handful of advertisers. If we have a good PR and traffic, we can make good money from the advertisers.
To know how much a an advertisement in our blog is worth, we can use the “Text Link Calculator” offered by text link ads.
Waiting for my blog to get a PR so that I can get advertisers.
Another significant pro that I have found to selling your own ads is that you get paid a lot quicker too. Some “agencies” or networks are better than others, but you can often experience payment delays of 60 to 90 days through the various aggregators of advertising.
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