We have a video sharing website which is a collection of youtube comedy videos for a specific country and 20% of the users are from U.S. We have 2000-7000 visitors per day and it has been 5 months since we started. Right now the maximum we made in a day is $20 and on average $9/day using AdSense. I know that other similar sites make up to $400/day but they have a lot of traffic. We also use Affiliate marketing posting (links to services that users may use) and it just started making us $30/week. We use Facebook ads to get 95% of the traffic. Is increasing traffic the only way to increase revenue? Should we try using a new video plugin that might be intergreted to advertisement companies to advertise before the video begins like youtube? Any suggestions ? Thank you.
While there are many ways to generate revenue, remember that the goal is to keep providing something of value to your site users and those who pay (which in your case right now, is separate).
Your target audience right now is consumers of comedy videos. Find ways to connect with comedians and get them to advertise their events on your site. Sell gag gifts. Explore similar sites and figure out how they generate revenue and do it better.
Answered 8 years ago