Make Your Website a Money-Making Machine 

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April 13, 2023

As you know, your association website is one of your most valuable assets. It's the central hub for members to connect, share information, and build community within the industry. But did you know you can monetize your website to make it work for you? Here's how! 

Take advantage of display advertising 

Your website is the first thing people see when they're looking for your association. It's your chance to make a great first impression and show off what makes you stand out from your competitors.  

Display ads allow both your association and industry suppliers to reach new audiences — member prospects for your association and customers for your suppliers. Not only that, but these ads can help bring in extra revenue for your association whether its via the sale of an ad to a supplier or through a conference registration that you’re promoting.  

They also allow you to target specific demographics (like age, gender, or location) and even specific interests (like "traveling" or "family"). Display ads can also help boost sales for your website by placing relevant products in front of customers who are already interested in them — both for your association and industry vendors. This ensures that they're not only finding what they need, but also seeing how those products can improve their professional lives. 

Make your data work for you 

If you’re not paying attention to what’s happening behind the scenes — your website analytics — then you need to start. Understanding who is coming to your website and what actions they are taking will not only guide internal marketing initiatives but enable you to offer a competitive price to advertisers.  

For example, you can use data analytics to identify the most effective ads for each visitor to your site. Let’s say that someone visits your website after researching a topic related to "clinical trials." From there, you know that they might be more interested in ads related to the latest work within the pharmaceutical space — like journal articles — than ads related to events and networking. If a pharma company (for this example) knows that many individuals are looking for clinical trials, it allows them to really home in on the targeted approach in their display advertising.

That’s not all. You can also use analytics to see which ad campaigns are working best for different types of visitors like those who come from search engines versus those who come from social media sites like Facebook. This will allow you and your suppliers to allocate more resources toward those campaigns that produce the highest ROI. 

Stay top of mind with visitors

Website retargeting is one of the most effective methods for bringing back visitors who have previously visited your website but did not complete an action and to keep your website top-of-mind.

Retargeting works by using cookies, small bits of text that are stored in the browser when someone visits a website. When this person visits other websites, the cookie will be read and used to display ads for your association and/or suppliers.

This strategy is beneficial especially if you are selling something that requires a longer buying cycle. For example, if you're trying to get a prospect to join your association, or if your supplier has a product that people may only buy every few months or years.

The goal of retargeting is to convince visitors who didn’t convert on their previous visit that they should come back again!

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