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.
I have seen many startups and projects rise and vanish, in short period of time. The only ones that stay and gain true momentum are original in essence and provide value to users.
If you truly want to carry on this platform and make it a renowned destination for fun, you need to shift your focus from revenues to value proposition, in long run.
To simply put, you need to think and brainstorm, how you can more useful or beneficial for your current users ?
If you can add value consistently, while maintaining your costs, your returns will be far better.
Answered 7 years ago