7 Ingenious Ways To Earn More With Letgo Clone Online classifieds are considered to be the future best e-commerce marketplace for online shopping. So any for it will have a huge traffic on it. Bringing in the traffic was the arduous task but with the demand for it, will get good user count. Then the very next thing is the ways to generate revenue. With proven traffic, you can fancy the chance of making a good profit.
So let us see, 7 ingenious ways to generate revenue with letgo clone.
1.Membership plans You can charge some amount to the users for posting an ad. This amount can be charged for some limited period like for monthly, 6 months or for a year.
This is the ideal way to generate the recurring revenue. And you can make it flexible as mentioned above and also can mention the limits per package.
2. Freemium option Users can just sign in and post an ad for free of cost. In case if a user needs to sell his product urgently then you can charge a fee for it and can promote his ad. The benefit here is you don't need to push the users. If they want their ad to stand out then they will opt for this payment method else they can continue on the usual way.
3. Premium Ads Numerous products are posted by multiple users each day. But many visitors hardly look after the first few pages. So for users to bring their ad on the first search result page you charge some amount. So through this, a user can bring his ad to the first page to garner more views.
4. Ad banners You can integrate the Google Adsense. And the users can make use of it to post their ads on the Ad banners under relevant category pages. You charge a fee for it depending upon the duration of the ad.
5. Pay per lead Some service based companies may post the ad for generating quality leads using this platform. So if any user fills the contact form and contacts the seller you can charge a fee as commission.
6. Affiliate model If you have got a good traffic on your website then you can provide a platform for other business like you to use your platform. And if sold from your site then you can charge a fee for it.
7. Commission based For free users, if they make a sale using your platform then you charge a fee as commission. So for every sale made using your platform you will get some amount as commission from the sellers.
Wrapping it up So these are some effective monetization models you can have for revenue generation on online classifieds business. The reason I listed all these is you can combine and have multiple models at the same time to see effective returns. But before all that you will need to have an attractive and advanced feature rich classifieds platform for your business to bring you a good revenue. So for it Appkodes Joysale a letgo clone will be your best choice.