by: Christine Swartzendruber, Chief Technology Officer
There are thousands of new start-ups this year. New web and mobile applications are cropping up every day competing for venture capitalists and angel investors to give them the money it takes to get started on their way to making millions of dollars. But, how? How do these entrepreneurs make money on their ideas? If these websites are free for visitors to use, then where does all the money come from? If you’re wondering how you can make money on a cloud-based start-up read on for some ideas.
Compile An Email Mailing List
This is a very important step any website owner must take to begin making money. The easiest way to do this is to offer a newsletter that visitors can opt in to receive on a regular basis. It is important that you offer valuable information to your readers. You don’t want to just create a newsletter for the sake of collecting email addresses.
Once you have generated a comprehensive list you can begin to use your newsletter to advertise affiliate products and services. Let’s say an affiliate product sells for $30, and 10 people from your email buy it, that’s $300, and if you make 50% commission, you have made $150, just from sending out one advertisement in an email newsletter.
Affiliate Link Programs
Content is very important on the web. If you write a blog or an e-book, and you are writing on a specific topic, like SEO. You can include an affiliate link right in your content. Here’s an example of how this works. “To market your business effectively, you should have a great website. Orange Kite Web Development is running a special promotion right now on professionally designed websites.” If Orange Kite Web Development were an affiliate partner, you would get a certain amount of money for every visitor who clicked the link. By including it in the content the results are two-fold, you have generated revenue and you have provided a valuable resource for your reader.