|
Making Money With Squidoo
Before we go into the actual ways to make money
with Squidoo, let's go over what Squidoo is and how it differs from other sites. For one, Squidoo is a
website, but it offers its own version of web pages, called lenses. A lens is a way of looking at some topic
that the writer is passionate about that makes it come alive for the reader. Squidoo calls it an “overview”
page because many Squidoo users just give a wide overview of the topic. Squidoo comes with a user community,
called “SquidU,” that helps newbie Squidoo users to learn the ropes.
What Are The
Stats?
For a site that started small, it has become hugely
popular online. According to Squidoo.com, around 900,000 lenses have already been built. Since these all have
to be done manually by someone, usually referred to as a lensmaster, it's an amazing achievement. These lenses attract around 420,000 people to visit
Squidoo.com every
day. It's the popularity of the site, the immense traffic, and
the ability to link to moneymaking opportunities that bring new people to the site every day. Squidoo.com
reveals that many people make around $1,000 per year with their lenses. In some unusual cases, people have
made $10,000 per year; however, it's possible you may only make $40 per year, depending on the quality of
your lenses and how many people they attract to them.
What Determines The Quality Of The
Lens?
Squidoo assigns a hidden LensRank to each lens. It
is based on an algorithm that can include the lensmaster's reputation, how many ratings and how high they
are, the number of inbound and outbound links, and the actual traffic coming to the lens. The higher the
LensRank, the more quality the lens is determined to have. Unlike other sites that pay more to people based
on a rating system that grants more privileges to older users, this one re-rates the lens every two weeks to
keep the rankings fresh.
Traffic to the lens is a major component of the
quality, as it includes click-through rates. The more traffic you get to your lens, the more opportunity you
have to make income from the lens. In that respect, they're just like any other Internet marketing venture.
You have to attract eyeballs to the lens to get visitors to create actions that bring in income. Some of that
income will be from the traffic itself. Other income might come from affiliate offers you have linked to your
lens. You might be using the lens to generate leads and make money that way too. Finally, there is a way to
create a Squidoo co-op page that essentially partners you with others who will take a share of the royalties
for that type of exposure.
Earning Money With
AdSense
It may come as no surprise to seasoned marketers
that you can earn money with AdSense from Squidoo. For those that don't know what this is, it's the money
generated from visitors who click the Google Ads located at the top of every Squidoo lens. Monies are
collected from Google and then distributed via a formula that rewards top lensmasters and popular lenses
more. Generally, the more traffic you get to your lens, the more likelihood someone is going to click on an
ad, potentially generating revenue for you. However, just because you have a lens doesn't necessarily mean
you'll make any money from Google AdSense. It's just a potential possibility until a sufficient number of
people click on ads that have a good payout.
For Squidoo, it follows a revenue sharing model
that provides 50% of the revenues generated by the lensmaster to go directly to them. The rest of it goes for
operating expenses, charity, investors, and employees. There are several tiers to the system, where higher
ranked lensmasters can make more from their lenses than others. You don't have to have a Google AdSense
account to make this money, unlike other sites where you embed the code into the pages. This is all taken
care of by Squidoo. You do, however, have to have a PayPal account where the monies from your lenses can be
deposited every month. If you earn more than $600 from Squidoo, they will want some form of tax
identification, but otherwise, you will have to report it to the IRS, however your accountant sees
fit.
What Generates More AdSense
Money?
Traffic is a big component of AdSense income.
However, so is content. Seasoned Internet marketers will be able to use their keyword skills and niche ideas
to highlight lenses that can rank well with Google, as well as Squidoo. If you don't know much about
keywords, you can find a useful keyword tool online to help you generate content around keywords that attract
more visitors.
You should not stuff the content of your lens with
too many keywords. Typically, a 1% to 2% ratio of keyword to total word count is recommended for any one
keyword that you use in your content. Using keywords in headings and subheadings is a particularly powerful
way to get noticed by the Google search engine.
Many of the same strategies that marketers use to
generate income from AdSense on their own blogs and websites can be used with Squidoo pages. However, this is
not the sole way to earn income through Squidoo. In fact, you can avoid Google Ads altogether and instead
focus on different ways to earn money.
|