Top 5 Revenue Model for Classified Clone Script Software
As a budding entrepreneur, it is obvious that you will look for a successful classified clone script to start an online profitable business today!
But, do you think that's enough for today's scenario? With so much competition in this market and the cheap availability of readymade scripts, you have to do better. Now, what would that be?
It can be the marketing strategy, highlighting features of the best classified script, or the perfect revenue model for your classified software. In this blog, the last one will be dealt with. Ah, revenue!!
- Transaction-based revenue model
This is more of a default situation...
Every online business earns money from every transaction made on its website. Be it the licensing subscription pay per use or, even up-selling - it all boils down to creating the most successful revenue channel.
- Recurring purchase
For instance, your website introduces premium membership plans for loyal customers. It is not only a clever way to earn instant bucks but also making sure that your balance will be piling up every month!
- Freemium based model
Not all classified software comes with this option. But if you rely on the best classified script 2021, it will surely be there. It is providing a handful of perks to the free users for a limited time, only to prompt them for purchasing in the later stages.
- Pay per use plans
As it is a classified platform, these pricing tactics are used for paying in -
- Banner ads
- Featured ads
- Highlighted ads
For every ad post or moving it up to the top position of the website, this revenue model can be at assistance!
- Advertisement based revenue model
This is valid for almost all kinds of online businesses. It proves especially true for classified portals like yours!
It involves using the Google AdSense program to run advertisements on your website. You can sell specific spaces on your web pages to gain handsome revenue from top companies. It is also the most stable income source.
- Commission based revenue model
Who hasn't heard of this?
When the entire world is based on the commission model, why shouldn't your business do either? Every classified clone script available in the market offers this option to be monetized. It is not surprising that website owners often earn 50% of the entire income only from the commission itself.
It operates on 2 levels -
- Flat rate
A flat rate is when you fix a particular percentage of money to be deducted from every transaction or add posts on your website.
- Variable rate
A variable rate is when you charge different commissions for variable transactions made on your website. For example, if a seller contacts you to put up a particular ad on the top of your web page in the highlighted section, it will incur more payment. Got the math?
Keep in mind -
Only the best classified scripts 2021 have a special kind of commission called tiered commission. It involves a particular rate fixed as per the market demand. Remember, not all classified websites supports this feature.
- Interest-based revenue model
It is not quite uncommon that an online business can earn from the interest on the payment deposited or financial advances. Prince strong payment architecture like PayPal, Stripe is required to provide access for this kind of financial operation. Even if your script doesn't sport this feature, there are other ways to make your classified script a revenue making machine.
- Affiliate based revenue model
Every popular classified marketplace like OLX, Craigslist, eBay, and Quikr follows this marketing technique. It is in fact growing prominence in the last 3-4 years!
You must invest in a classified clone script that allows you to incorporate an affiliate revenue model right from day one. However, the affiliate model only works great when your business has hit a certain benchmark. Any sort of promotion can directly be linked with a seller's products or services.
A referral link will be provided to generate an additional income for the seller, once it is purchased from that link. You get a certain percentage from the particular transaction as commission.