Over the past good years, myriads of posts have been centered with the topic of making money through banner advertising or simply just any type of advertising. Way back from the dot com boom where startup companies were spending lucratively on banner advertisements, from the emergence of blogs and Google Adsense to the last years recession and now today, it seems like so many people just like to talk about banner advertising and their obnoxious take on it.
Initially it was the BEST way to make money online. I mean all you need to have is a web property, a topic and surely you can find some sort kind of sponsors to pay off your living. From there on, you’ll wait for them to get bankrupt and after that you chase for another sponsor. That’s the way it used to be before until big and small companies realized its all overhyped. And from there on some pundits started writing how making money through advertising is overrated and not for everyone. And until the day I write this post. 😉
Why it’s Overrated?
So to tackle it equally in both sides I decided to discuss it separately. Overrated is define as something that’s highly “perceived” as effective yet in reality its not (or maybe thats just the way I define it). Profiting from advertising is overrated because:
- It’s very hit and miss – In my blog post about how I doubled my blog advertising income, I concluded everything by saying that advertising income is still very hit and miss. What I mean there is that you can never expect to duplicate the same amount of money or more that you made last month to the current or succeeding months to come. It’s hard to rely on sponsors every month and expect they could pay all your bills.
- It’s hard and impossible for an average guy to make a living from it – Advertising is good however, if you’re just like most of us who don’t get millions of hits then its hard to squeeze a lot of money from it. As David Risley stated, if you compare a blog with 1000 visitors trying to make money solely from ads from a blog with 500 readers that is selling something, it’s obvious that the latter one is more profitable. Again, unless you are a site like YouTube, its nearly impossible to live off that advertising income.
- Couldn’t be even considered as a business model – This is true. I mean where’s the business in there? All you have to do is set up ad inventories and or use third-party advertising networks. You’re really not doing anything aside from copying and pasting codes and setting up ads so I don’t consider it a business model.
Why it’s Underrated?
Now let’s tackle it from the other side of the fence. Many people nowadays seemed to be so prolific in bashing making money from ads. If you read a lot, then you know what I’m talking about. Profiting from advertising is underrated because:
- It’s the pioneer of making money while sleeping (passive income) – Although nowadays there are many ways to make money passively, banner advertising probably is the pioneer of that. From the dot com boom days up to now, if you have a good web property then you can literally set it and forget it. Big sites like Cheezburger can literally not work for one month and I could assure you they would still be making the same amount of revenue from banner advertising. How’s that as an autopilot thing?
- Duh! It’s easy – Totally easy that even a man that came from some random cave could literally do it. We heard a lot about selling your own product or having a membership but those things are not for everyone. While on the other hand, trying to profit from Google ads or some other forms of advertising are definitely doable by any average Joe.
- You just need traffic and nothing else – In modern blogging, we all know that it’s all about building relationships. After building it, you can funnel it and then later on sell your stuff to them or promote affiliate offers. So with that, it means more than just getting traffic. When you’re profiting though from advertising, all you need is traffic (albeit massive traffic). You don’t need to respond to the comments, you don’t need to watch things closely or whatever. Just the traffic, and you’re living off that traffic.
To end this post, I hope i was able to give each argument a fair explanation on why they’re the best thing ever or not. If you ask me about my personal opinion, I would say banner advertising is still something thats worth looking at not just now but for 10-20 years to come.
Yes I can sell a product or a membership site but I can do that with ads on my sidebar right? Since I have the traffic, why not leverage it more? How about you, what do you think?