Your radio station website can produce a goldmine of revenue if you think outside the typical banner ad box. Today, we’ll uncover practical ways to generate revenue with your website beyond traditional banner ads.
Too often, radio station managers feel confined by the advertising slots they can offer on their websites. The fact is that the possibilities for generating revenue are virtually endless. Imagine you’ve just acquired a new radio station. How would you approach commercial breaks and sponsorships? Apply the same strategic thinking to your website. Create a “Digital Inventory List” to document potential sponsorship spots, many of which you might not have considered yet.
The Usual Suspects
These are ads that you are likely (or should) be running on your station website now.
Run of Site (ROS)
ROS banner ads on any webpage can pop up anywhere—top, bottom, middle, or sides. These are often the lowest-priced offerings, given they rotate with other ads. Please don’t think these are the only advertising you can offer.
Specific Page Sponsorships
Here, a single sponsor ‘takes over’ all ad locations on a specific page, gaining exclusive visibility. Charge extra for this privilege. Just be sure that the takeover is short-lived to avoid any visitor burnout.
Post Category Sponsor
Suppose your website contains several post categories like local news, sports, or health. Why not have each of these sponsored by a relevant business?
Since streaming is another reason people visit, have an on-site streaming sponsor. Your sponsor could even be announced as the “Streaming Studio Sponsor.”
The Unconventional Avenues
Here are some sponsorship opportunities that you might be aware of.
Allow clients to write blog posts presented in a section dedicated to ‘Expert Takes’ or ‘Community Voices.’ It’s an excellent platform for them to showcase their thought leadership.
People love giving their opinions. Why not monetize this engagement? Run a poll series like “Best of [Your Town],” sponsored by a relevant business.
Have comments become a popular staple on your website? Above, below, or both locations are a great way to include a sponsorship message.
Sponsored Videos and Testimonials
Capture interviews or testimonials at the sponsor’s location and create a dedicated video page on your website. It’s a win-win situation—both for you and the sponsor.
Host contests that engage your audience and generate valuable data for your sponsors. This is a much better way for your clients to give away something than on their website or social media posts.
Have a section or banner in your periodic newsletter that’s sponsored. The value of this slot increases as your subscriber count grows. If you don’t have a newsletter that goes out to your station subscribers, you should work on that immediately.
Pop-up Banner Modals
Use non-intrusive modals to display high-premium ads. Be sure to set these to appear at specific intervals to avoid annoying visitors. Having to consistently close a popup that the visitor is already aware of can be annoying and decrease the number of times they return.
Classifieds or Directory Listings
If you host a “swap shop” radio show, offer an online version. Alternatively, create your “shop local” directory with options for featured listings that appear first or in a different layout.
Host webinars or virtual events focusing on community issues or other topics relevant to your listeners. Businesses can sponsor these events, opening up another revenue stream.
Seasonal or Event Calendars
Offer a calendar featuring local events or seasonal activities, with the option for businesses to sponsor individual events or days. For example, let’s say your listening area is popular for car shows during a particular time of year. Your sponsored event calendar can cover every car show throughout the area and be the hub everyone turns to for updated information.
If you already have a podcast like “Better Radio Websites,” consider offering sponsorships for special episodes or segments. Many radio stations have started generating podcasts from their morning newscasts. Each one of these podcasts can be sponsored by the same or different clients throughout the day.
Merchandise/Discount Deals Store
Create an online store featuring branded station merchandise or even collaborative items with local businesses. Revenue can be shared or bought outright for sponsorship.
If you cover local sports, have sponsored team pages for each school including the list of games, players, etc. Each school page can be sponsored. If you include upcoming game widgets, the sponsor can be included each time.
Wrapping It Up
Banner ads are just the tip of the iceberg when it comes to advertising opportunities on your station’s website. An effective ad strategy combines creative design, compelling calls to action, and regular performance reviews.
With a robust approach, your website can become a major contributor to your revenue streams. So, what innovative advertising strategies will you explore next? If you’ve created innovative ways to see your station website, please let us know so we can expand this list in the future.