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09 Feb 10 Is Google AdSense Only Way to Monetize Your Blog?

The short and sweet answer is no, not by a long shot. But it is an important tool to monetize your website, which should not be overlooked, particularly when you are not among the biggest gun in your chosen niche.

Other monetization tools

If Google AdSense is not the only source for monetizing my blog then what are the options I have? This is natural of you to ask. Well, let me introduce you to other monetization tools:

  • Affiliate sales
  • Sponsored blog posts (not recommended)
  • In-Text ads
  • Sponsors
  • E-book and other information product sale
  • Consultancy
  • Advertising (other than Google AdSense)
  • For hire banner

As you can see advertising (Google Ads, Chikita, AdBrite, etc.) is only one of the many ways to monetize your blog, and for many it may not be the best source.

In terms of earning potential Affiliate sales, consultancy, getting hired for job, e-book and other informational products rank much higher than any other monetization source. These tools not only give an option to monetize your blog, but these tools (except affiliate sales) also help you establish yourself as an authority in your chosen niche, which is colossally rewarding in its own right.

But, for a newbie blogger, it will not be possible to make a killing using these tools (except affiliate sales, for hire banner), so they need to use Google AdSense and other CPC (Cost per Click) ads, at least by doing so they will taste the blood. And let me tell you the first taste of blood (the first dollar you will earn) will be the sweetest. It will confirm that you can make a living without even living your bedroom.

So, what are you waiting for? Google never sends any AdSense invitation; you will have to sign up. Go…now!

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07 Feb 10 PayPal Collapsed for India, Now What?

It has not been a pleasant February for Indian freelancers, bloggers, online marketers, and affiliate sales person, PayPal has stopped sending payments to India. Well, they claim they have just stopped personal payment to India, but in reality, almost all types of payments—personal, services, invoiced, etc., — have been blocked by PayPal. When consulted, they say it has some issues with its “business partners” and “credit card companies” (as told to me by inarticulate customer care representative), which according to him will get fixed with seven days time.

Like countless others, I too doubt the authenticity of this claim. And like others, I too cannot help and reflect on the future of outsourcing to India?

Who runs the show?

It was a hard pill to swallow, but PayPal has proved that it is not the countless clients, freelance exchanges, job boards, blogging jobs, and small IT jobs that are running the show not what driving the freelance economy in India; it is PayPal that does. We are dependent on this company, and freelancing in India depends a great deal on the whims and fancies of PayPal.

It is PayPal that runs the show.

What needs to be done?

It is high time for us to look for alternative. There are quite a few, but none of them are half as good as PayPal is, yeah I am confessing this, though reluctantly. Moneybookers, Alterpay, 2CO, Xoom, Wire transfer, Western Union, eGold, etc., are there, but they are either too complex or not at all good.

We need to form an Indian equivalent of PayPal to safeguard ourselves from PayPal and other companies like that. An Indian online payment processing system that works according to the guidelines of Reserve Bank of India (Indian central bank) should be formed.

Confusion is not a nice place to be in. It is dark adn dingy in here, and it feels very bad.

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