Selling advertising on your website is a great way to increase your profits however in order to provide your visitors the best experience and your advertisers the most return on investment it pays to find the right advertisers.
So who are the right advertisers?
The right advertisers are people and businesses which offer your customers and visitors a better user experience. They add value to your website. This means they’re complimentary businesses. Complimentary businesses are those which compliment your business or add to the experience.
For example, if you sell coffee then a complimentary business might be a company which sells biscotti or gourmet coffee cream. Consider what your customer might need before and after they make a purchase from you.
Another example of a complimentary business might be if you own a dog supply business where you sell collars, kennels, clothing, food and cleaning products for dogs then a dog training or daycare company would compliment your business nicely.
How to find the right advertisers
If you have a blog or forum take a look at who your visitors are. Many of them might be business owners who are perfect advertising candidates.
Check to see who is linking to you. You can use a number of link checking tools available online. SEO-Watch, Marketleap and Yahoo all offer tools which tell you who is linking to you. These websites may also be great potential advertisers.
What about sites you link to? Presumably there are websites in your industry you refer your customers and website visitors to, websites that offer great products or services and are not in direct competition with you. These are ideal websites to approach for potential advertising space.
Look for up and coming websites. Most new businesses are hungry for traffic. While they may not be able to pay high advertising rates, they may be a great place to start. Once you can show larger businesses that advertising on your site will produce a substantial return on investment, you can demand higher advertising rates.
Lastly, take a look at the people who contact you. Many webmaster receive frequent communications from customers, visitors, and potential partners. Analyze each email to see if they are a potential advertiser too. They already know your business and have an interest in your products or services which makes them a likely candidate.
Finding the right advertisers for your business is well worth a little time and effort on your part. When you find advertisers who your customers and visitors are interested in you win because you offer a better customer experience and you reap advertising profits.