20 Different Revenue Streams from your Classified Website and Mobile application Business

As a classified business owner looking to increase your revenue streams or you want to find out business plan before you think of starting a classified business in your area? Look no further! Let’s Nurture Team business analyst team has compiled 20 different revenue models for classified business owners in North America. But before we dive in, let’s talk about the importance of a proper website and mobile app.

First and foremost, a well-designed website can make or break a classified business. Not only does it improve the user experience, but it can also drive more traffic and ultimately, revenue for your business. In fact, according to a study by Adobe, 38% of users will stop engaging with a website if the layout is unattractive. So, make sure your website is clean, user-friendly, and visually appealing.

But it’s not just about the website, mobile optimization is crucial as well. With over 63% of web traffic in North America coming from mobile devices, it’s important to ensure that your website is mobile-friendly and responsive. And what’s even better than a mobile-friendly website? A mobile app.

Having a dedicated mobile app allows users to access your site on the go and can provide a more seamless user experience. Plus, it can also help you to stand out from the competition, as not all classified business websites have a mobile app. And let’s not forget about the additional revenue streams that a mobile app can provide, such as in-app purchases or mobile advertising.

Now that we’ve covered the importance of a proper website and mobile app, let’s dive into the 20 different revenue models for classified business owners in North America:

• • Paid listings: Charge a fee (either one-time or recurring) for users to post their ads on your site. It’s like a toll booth for classified ads.
  • Commission-based sales: Take a cut of the sale when someone successfully sells their goods or services through your site. It’s like being a middleman, but without all the shady business.
  • Sponsored listings: Businesses can pay to have their listings appear at the top of search results or in other prime spots on your site. It’s like being the cool kid in school that everyone wants to hang out with.
  • Lead generation: Charge businesses for contact information of users who express interest in their products or services. It’s like being the matchmaker of the internet.
  • Display advertising: Sell ad space to businesses and let them display their ads on your site. It’s like having a billboard on the internet.
  • Affiliate marketing: Earn a commission by referring users to other businesses through affiliate links. It’s like being a personal shopper, but online.
  • Virtual currency: Sell virtual currency to users, which can be used to pay for premium features or to promote their listings. It’s like having your own Monopoly money.
  • Paid upgrades: Allow users to pay to upgrade their listings to a more prominent position or to add extra features such as photos or videos. It’s like upgrading to first class on a flight.
  • Event listing and ticketing: Charge businesses to list their events and sell tickets through your site. It’s like being the Ticketmaster of classified ads.
  • Subscription-based access: Charge a subscription fee for access to certain features or to see certain types of ads. It’s like a VIP pass to classified ads.
  • Classified packages: Offer different packages for classified ads like basic, premium, and elite. It’s like a buffet of classified ad options.
  • Job listing and resume database: Charge businesses to post job listings and access your site’s resume database. It’s like being the LinkedIn of classified ads.
  • Mobile advertising: Sell mobile advertising space to businesses targeting users accessing your site on mobile devices. It’s like putting an ad on a billboard, but on a smaller screen.
  • Email marketing: Charge businesses to send emails to users who have expressed interest in their products or services. It’s like a personal newsletter for classified ads.
  • Video advertising: Sell video advertising space to businesses, allowing them to showcase their products or services through videos. It’s like a commercial, but for classified ads.
  • E-commerce platform: Provide an e-commerce platform for businesses to sell their products directly to users. It’s like having your own online store, but for classified ads.
  • Service provider directory: Charge businesses to be listed in a directory of service providers, such as plumbers or electricians. It’s like the Yellow Pages, but for classified ads.
  • Classified API: Charge for access to your classified ad data through an API, allowing other businesses to use the data on their own sites or apps. It’s like renting out your classified ad data to other businesses.
  • Real estate listing: Charge real estate agents and brokers to list properties for sale or rent. It’s like being the Zillow of classified ads.
  • Customized solutions: Offer customized solutions for businesses such as creating a customized landing page or a microsite. It’s like creating a tailor-made suit, but for classified ads.

In conclusion, there are many revenue models that a classified business owner in North America can explore. From paid listings to customized solutions, the options are endless. And don’t forget, having a proper website and mobile app can also increase revenue streams and provide a better user experience. So, get creative and find the revenue model that works best for your business.