Monetizing Your Website

November 13, 2009

1110330_new_magazinesWhen marketing your business on the internet it is important to make sure you are getting the maximum use out of the website. There are ways to make the site more profitable. Networking online involves being able to allow others to network on your site so that they will benefit, spread the word about your site, and gain more visitors, which in turn will result in sales.

Being able to market to others on your site involves knowing your target market and what attracts them. Taking the time to discover what will attract your target market will ensure that you are not wasting your time. One way of allowing others to network on your site is to provide a newsletter with information which is useful to your target market. Providing advertising space on the site enables other businesses to network with your visitors.

The content in the newsletter, as with blogs and articles, is very important. It must be written well and it must engage your audience. This will ensure a following that will draw more visitors to your site. Once business owners design and write the newsletter, they can then search for an e-zine to advertise the availability of the newsletter and the advertising costs.

Business owners can be as creative as they want with providing advertising. They could advertise an event and sell ad space for the event on the website. They could opt to network with local businesses or businesses who are members of a trade association. The possibilities to advertise are only limited by the creativity of the owner of the site.

Of course providing a newsletter involves time and business owners should not commit to writing a newsletter unless they have time. If necessary, someone other than the business owner should write the newsletter.

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CIT to File for bankruptcy

November 3, 2009

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Photo by lprole

CIT has been unable to convince bondholders to finance more of their debt. This coupled with the fact that investors would lose money on the a pre-packaged bankruptcy, including the U.S., has caused the company to seek bankruptcy protection. The U. S. stands to lose $2.3 billion and opted not to supply more funds.

The only investor which seems to gain anything from this is Goldman Sachs, who will keep open its $2.3 billion loan in spite of the bankruptcy filing. CIT received a $4.5 billion dollar loan which will keep the company going during the bankruptcy proceedings and will not put the retailers at risk during the holiday season. CIT expects to emerge from this filing in a stronger position.

Many retailers have either gone out of business or cut back on their current operations as a result of the problems which CIT has had during the economic crisis. Retailers have depended on their support for factoring loans to purchase inventory. Many retailers, as a result are relying on their own money to keep their businesses open.