Websites, which provide deals and coupons online, are quickly gaining popularity. Running such a website entails listing sales and coupons. So how do you make money from a coupon site? Well, for starters, you can earn money through paid ads on your site. The second way of making money is from commissions earned anytime visitors click on the coupons.
Unquestionably, running a coupon website is an amazing way of making extra income. This is especially true if you’re into shopping or finding incredible deals online.
The beauty about it is the fact that you don’t have to break the bank in order to set up such a website. Additionally, promoting it is effortless with the availability of social networking and online marketing.
Here are the 4 steps you can undertake to start a coupon site:
Step #1: Find a niche and select your target customers
The market for finding amazing deals online and general coupons is sort of saturated. Big names make the competition so fierce. Nonetheless, a specialty coupon blog or website, which offers deals in certain areas, is an excellent alternative to make additional income.
You need to research exactly what your target clients purchase. That way, you’ll be able to begin a coupon website with low competition and relevant deals.
Step #2: Hire a professional to create a blog or a website (If you have the skills, create one for yourself)
Your website must not only be attractive, it should also be easy to use. You must install search capabilities for users to find great deals and coupons online. Your website must feature social networking attributes such as forums, chat, and blogs for those users that need to interact with one another.
How about you consider buying a tailored template? The other alternative is to hire a website designer. If you opt to begin small with a blog, it’s very easy to come up with a free blog with Blogger or WordPress.
Step #3: Register a domain name
The best part about this step is that most web hosting companies normally handle this for you. While that might be the case, you must always remember to renew your registration annually. You shouldn’t wait until it has expired. The prudent thing to do is to save some cash by registering for a longer time frame once you’ve established that your website is successful. Register the site with Yahoo, Google as well as any other search engine. How to save? For a good start, why not use coupon or promo codes right? Search for sites that can help reduce your business cost.
Step #4: Look for coupons to place on your website or coupon blog
In this step, you need to contact national and local businesses in order to get coupons. Some of them provide programs that offer you a commission on all sales when folks utilize coupons from your site. Another amazing idea is to hire some ad space on your website where retailers place coupons. You should do some work yourself by searching for coupon codes and online deals and placing them on your website or blog. You must make sure that users have a way of sharing online deals and coupons on your website.
Others important steps you should undertake
After successfully handling the above four steps, you must undertake these other steps for your blog/website to be successful at running coupons and deals. Here are the steps:
Think about registering for coupon feeds and affiliate programs – With such subscriptions, there’s a fee you need to part with. However, you stand to enjoy a huge array of coupons with minimal work.
Utilize search engine optimization and social networking techniques to market your website online – You should create Twitter and Facebook accounts to broadcast your online deals every time you hear about them. All you need to do is use status updates that direct straight back to your site. Make use of keywords when you’re writing blog posts or articles. By doing that, people searching for particular deals will effortlessly locate your website.
Ensure that your business is legitimate and legal – To know the legal requirements of starting a coupon blog or website, including liability and tax issues, you must talk to a business attorney, accountant, or an adviser. After that, you need to register your business with the relevant government agencies. Find out if you’ll need any licenses and permits to operate in your town, region, or state.
Be efficient when it comes to managing your work area and time – You must make sure that your schedule enables you to find deals online. You must a schedule that also enables you to engage in social networking and advertising tasks as well as maintaining your website. Finally yet importantly, always make sure that your website is always up to date. Get rid of deals or coupons as they expire.
One of the most popular online business models that growing at the speed of sound is a coupon site. While you might find many daily-deal sites catering for almost all countries, the truth is that there’s still room for expansion. In fact, it’s highly evident from uninterrupted growth of major players in the industry. Some people might think that starting such sites isn’t a great or wise idea. While you might need the resources and guts to compete, strategies are there for you to utilize and make it in the industry. All you need to do is settle for niches and target customers that the big guns haven’t grabbed yet. On top of that, you must be willing to put in the effort and discipline in order to succeed.
The art of coupon advertising is not just about appeasing your life’s deal hunters. It’s an incredible way to draw in new clients daily. It’s not a big secret; you could swap the countless hours you kill on YouTube, Facebook, Twitter, and the internet in general for something much better. Actually, you could put that time towards slashing costs on the items you pay for every month.
Have you been desiring to put up your own coupon blog or website? Are you passionate about shopping and deals online? If yes, then start your own coupon or deals online website by following the above steps. Success will surely be yours to enjoy.
Bio: Peter King is freelance writer who has a passion for sensible tips , helping readers save money with sensible tips and ideas. Peter doesn’t like talking in third person so please tweet him @ilovemamma