A few writers were chatting in a few forums about content revenues dropping for their niche websites and many of them were concerned about this drop in earnings. I have to be honest with you, my niche sites have dropped a bit but I make up for it by adding more sites. : )
My thought is this – many advertisers are cutting back as such there is less advertising available. The most common ones that are cutting back are real estate and some retail type shops (high priced items). On the same token, financial sites seem to be booming. I truly believe that if you’re considering starting or adding to your virtual real estate empire that you “do it now.”
Here’s why – our economic situation is going to improve and when it does, advertisers are going to increase their advertising revenue and sites will start making more money. People will start buying and the economy will improve. Therefore, now is the time to build up your niche sites, to cultivate them, and keep them going strong. Then, when advertising kicks into full gear, you will be ready to collect your cash.
I also believe that now is the time to get multiple streams of income going on with your niche sites. Do not rely solely on such sites like Google Adsense. Instead you should diversify by using various monetization methods including your own books or products, affiliate links to other people’s products, etc. By doing this, you will be better prepared to weather the storm. You’ll be in a better position to win the internet marketing game.
For those of you that need instant cash, try out Associated Content, Textbroker, Demand Studios, and Bright Hub. I know for a fact that they do pay and can help fill in the blanks when you need more money now.
