It has been said that you should wait to get some decent traffic to your website/blog before you monetize it. Who thinks this is true? If true, at what point should you monetize your site? Or do you think you should monetize your site right away, and why? What have you done with your own site(s)? Also, what would be good affiliate marketing programs? And what about the donate button/widget/box? I've seen some sites ask for donations: Is this a good idea and at what point should you put the donation box on your site?
Wow, what a lot of questions! I can work through a few of these.
1. You should put the donation box on your site only if the site upkeep itself costs you money and you actually need donations. You must also be providing a service. A donation box is not free money and people will not just randomly donate simply because they are on the page.
2. I don't see any reason to wait to monetize a blog. Blog traffic is usually achieved through social routes, which will be unaffected. Google dings sites with too many ads, making your pagerank lower if you are just starting, so don't monetize if you need to increase pagerank to get traffic.
3. Amazon affiliates is great. Other affiliates you must apply and be accepted to, and they will need to see proof that you are running a valuable site before they let you in.
I guess that's my 2 cents. I only make about $1/day on Adsense so take it with a HUGE grain of salt
Lots of good information you gave me here, thanks. I can see what you mean about the donation box, and thanks for the heads up about page rank and ads. Especially like what you said about Amazon affiliates, because I am particularly interested in affiliates, which ones to use and how effective they are, and I also already have an Amazon Affiliates accounts so it should be easy to use them.
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