Making Money From Home

Video Transcript

"Hello my name is Luis Estrada and I'm a software developer. In this clip we will talk about making money from home. The advertising revenue model is a good option if you have thousands of visits to your website every month. However, it is not a good option if you cannot reach a large audience. There are two internet revenue models that might work better for you if you do not have that much traffic on your website like the affiliate revenue model. In this model you sell a product or take the necessary steps which lead to the sale of products or services of another company. That company pays you a percentage of the total sale or a fixed rate per product or service. This model is similar to the advertising model in that you publicize other company's products on your website. The difference is that in this case companies pay only when the product or service is sold where with the advertising model they usually pay whether the advertising results in a sale or not. Another option is the subscription revenue model. In this model users of your website pay a subscription for accessing some content on your site. For example, articles, reports, pictures, videos, music, broadcasts, etc. Most websites using this revenue model charge a monthly or a yearly fee for access. You can manage different access levels like a basic membership where users have access only to limited content and a premium membership where users can access everything on the website. Because the advertising revenue model is the most popular way of making money on line, people are used to getting things on line for free so it might be difficult to convince visitors to pay for the content of your website. One strategy to convince visitors to pay is to assure them that your content is of high quality and it is not available anywhere else on the web. Keeping your numbers from downloading or distributing your content on other websites can be a difficult thing to achieve. If your content becomes freely available on other websites then your visitors won't find the need to pay you for them. This revenue model is usually more difficult to use because it requires that you invest on building a website with security features for access to the content. Also you need to provide a way for your customers to pay. In these videos we will cover the three most used revenue models, the advertising model, the sales model and the subscription model. I'm Luis Estrada and I've just showed you how to make money with your websites."