In blatant defiance of all known precedent, someone has not only read my climbing/mountaineering/great-outdoors-in-general blog, but actually thinks it's worth advertising on!
They emailed me to ask how much I'd charge per month for text ads - trouble is, I don't really know, I, like 99% of the rest of the blogosphere, just shoved AdSense on there and forgot about it. Like, really forgot about it, I haven't even had my first Google cheque yet.
So, er.... hmmm.... I don't want to undersell myself, but equally I don't want to give them a price that instantly marks me out as a no-hoper. Ponder, ponder, stick finger in the air...
But I'm a physicist by training, dammit, I should be able to work this out, surely. So let's do a quick calculation.....
It's a pretty low-traffic blog (a couple of hundred hits a day), but it's quite targetted, and AdSense shows an effective CPM of around $3 with a clickthrough ratio of just over 1%.
So, if I'm getting H hits per day, and the CPM (cost per thousand, I think?) is C, then the price per month should be (avg number of days in a month) * (H / 1000) * C, right?
That gives me a baseline price of around $30 / month. Obviously I can adjust that depending on page placement, as ads just below the banner get more clicks than in-page, but does that sound about right for a low-traffic, specialist enthusiast blog?
2 comments:
I own a second business that does a lot of advertising online... I would say that for something with that few hits, $30 per month is way to high. On several targeted Message boards with daily active unique user accounts at above 1500 people and hits obviously many multiple that; I only pay between $60 and $120 per site per month and a smaller scale if I buy larger chunks of time.
I am getting about a 1% click through rate also.I might even say I am close to you in traffic. Site seems to be growing.
I do know with a rate that low, it will take a massive amount of traffic to even pay hosting, not that it matters for a blog that is just a hobby.
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