How do you monetize this site?
After days and nights of work, I am ready to launch my site which is entirely different to IM niche. This is actually the 5-6 billion dollar niche and I should say it is unpolluted. This is the Microsoft's most profitable software till date. Even it surpass the revenue of MS office (which sells 1 copy for every 6 seconds).
Little bit background about my site. sharepoint news is a DiGG like site for people in the sharepoint technology (Microsoft content management system for corporates). I can say this works like book-marking site as well. I used an open source code for this to build. It is free to download. There were thousands of downloads for this software but only handful of implementations. Programmers and developers through out the world are struggling to understand this code and baffled by the difficulties to put up a site due to the poor documentation. As we always heard from everybody in the IM, go to the problem and give a solution instead of creating a product that no need for the market. I realised there is a huge potential here to make money by giving away freebie here so that I can build some serious list.
I am going to take this to the next level with all the strategies that I am learning from my IM experience. In the front end, there are 10 videos that I am giving away for free (using a squeeze page) for people who can watch me and copy, so they will be up and running with similar kind of website with in no-time in any niche.
The name of the free video product is "Build your online empire with a tenner ($6.99 for domain and $3.99 for hosting) yes, I know I have to work on my copy writing skills but I will work on that later.
In the backend, with a paid product (not yet figured it out what to include). I am planning to show them, how they can profit from this site that they just build. I am planning to show them, how they can get sponsored ads, banners or associations, flipping sites, traffic generation, SEO etc etc. But I haven't figured it out for myself how to do that. So I thought you guys can help me to brain storm some monetization ideas.
I am not sure, how I can monetize this site. How to approach companies to sponsor me or asking for a banner or something like that. There are millions of companies are advertising with the big brother (Google). Whom to approach, how to approach, what to tell, how can I convince them that this is going to be the next big thing in this niche. Please tell me what to write in the emails.
Which strategy you think will work
Build a credible site first by driving qualified traffic then show statistics so that it will be appealing to the sponsoring companies
(OR)
Tell them (and convince them) that this is the new big thing and it will work and ask them to be a part of it now.
Last and final, shell I release my free product (10 videos) without having my paid product ready yet?
I know I have asked many questions here. But please pardon me and explain your strategy if you were the owner of this site.
Your comments are much much appreciated! Thanks.
Nothing offence here. I valued your time and for your time well spend on this, the best answer will be given a token of honour of some beer money worth $5 via paypal. Please don't think me wrong but I want some serious answers so please don't get offended by this offer. Thanking you all.
Cheers..
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