Comments on: How Much Are 5,000 Visitors Worth? http://www.youngentrepreneur.com/blog/2009/02/how-much-are-5000-visitors-worth/ Fri, 20 Nov 2009 21:18:36 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Tauya http://www.youngentrepreneur.com/blog/2009/02/how-much-are-5000-visitors-worth/comment-page-1/#comment-130592 Tauya Sat, 14 Feb 2009 20:26:20 +0000 http://www.youngentrepreneur.com/blog/?p=644#comment-130592 Thank you very much for the detailed explanation. I am working on building a user friendly functional site. like the 2nd poster said, if it works, traffic will build itself(viral). Thank you again Thank you very much for the detailed explanation.

I am working on building a user friendly functional site. like the 2nd poster said, if it works, traffic will build itself(viral).

Thank you again

]]> By: Daniel Clough http://www.youngentrepreneur.com/blog/2009/02/how-much-are-5000-visitors-worth/comment-page-1/#comment-130138 Daniel Clough Thu, 12 Feb 2009 13:46:18 +0000 http://www.youngentrepreneur.com/blog/?p=644#comment-130138 Nice post. I think it’s important to look into the detail when you are buying or trying to sell adspace to work out if you actually get a ROI on that. It’s actually VERY hard to get a ROI in my experience and it really does depend on your demographic and product. Also, a bit of advice to Tauya. (if that’s ok!) Worry a little less about all of this detailed forecasting and marketing plans/strategies. (Unless you are trying to get funding) Just keep things simple and try and build a really, really good site and then work hard to drive people towards it and keep them there. Without that, you have nothing anyway… Don’t worry about ROI’s to start with, you need to build a critical mass first and then once you have a busy site it then becomes fun trying to work out how to monetize it. Of course, you need to have ideas for how to monetize it, but the detail can come around that later. It’s not really rocket science, advertising, charge for features, affiliate programs etc. An example is I started a fitness article site 7 years ago. I didn’t have any plans beyond just putting out content. It got really popular, so I thought cool… let’s add some forums. They got really popular, so I thought how can I monetize this, not only to make money but to pay for a dedicated server! I tried advertising but it was very hit and miss and in the end I decided to start a sports supplement company which now has 12 products and is soon going to support two people full time. Ok, so that’s probably an extreme example of making it up as you go along, but emphasizes the point about just purely focusing on building something good and getting people to it. The rest will take care of itself  Be great to see the site once you have it live Good luck! Nice post. I think it’s important to look into the detail when you are buying or trying to sell adspace to work out if you actually get a ROI on that. It’s actually VERY hard to get a ROI in my experience and it really does depend on your demographic and product.

Also, a bit of advice to Tauya. (if that’s ok!)

Worry a little less about all of this detailed forecasting and marketing plans/strategies. (Unless you are trying to get funding)

Just keep things simple and try and build a really, really good site and then work hard to drive people towards it and keep them there. Without that, you have nothing anyway… Don’t worry about ROI’s to start with, you need to build a critical mass first and then once you have a busy site it then becomes fun trying to work out how to monetize it. Of course, you need to have ideas for how to monetize it, but the detail can come around that later. It’s not really rocket science, advertising, charge for features, affiliate programs etc.

An example is I started a fitness article site 7 years ago. I didn’t have any plans beyond just putting out content. It got really popular, so I thought cool… let’s add some forums. They got really popular, so I thought how can I monetize this, not only to make money but to pay for a dedicated server! I tried advertising but it was very hit and miss and in the end I decided to start a sports supplement company which now has 12 products and is soon going to support two people full time. Ok, so that’s probably an extreme example of making it up as you go along, but emphasizes the point about just purely focusing on building something good and getting people to it. The rest will take care of itself 

Be great to see the site once you have it live Good luck!

]]> By: Mark http://www.youngentrepreneur.com/blog/2009/02/how-much-are-5000-visitors-worth/comment-page-1/#comment-130082 Mark Thu, 12 Feb 2009 07:20:36 +0000 http://www.youngentrepreneur.com/blog/?p=644#comment-130082 Great article. Thank you! Great article. Thank you!

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