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SpeakToMe offers an ‘Unusual’ way to monetize your blog/site traffic

How to earn extra money on internet SpeakToMe. SpeakToMe offers an ‘Unusual’ way to monetize your blog/site traffic

Most of the bloggers/online experts spend time updating their blogs/sites to someday become eligible for making decent money online through advertisements(be it Google Ads,third party or any other).

But only a sleek percentage of folks actually taste high payout through blogs/sites,that to after long and consistent efforts.One of the major reasons behind this is the the low CPM rates in online advertising.

As the payout is quite low,the blogs/sites need to build high traffic before earning considerable money out of their traction.So,what about those blogs/sites having few thousand uniques(inspite of good expertise/knowledge bank of the blogger) ? Is there any way out for bloggers to earn big with relatively low traffic ?

SpeakToMe has tried to solve this problem.It basically lets you try a new advertising system which does not involve any advertisers.It provides you with a widget complemented with a webcam,chat room,telephony and ecommerce capabilitiesthat can be embedded on any blog or website.It allows individual readers to speak directly to a blogger or publisher over the telephone for a per-minute charge.

The “client” sees the “expert” in the SpeakToMe widget on a live video feed,including sound.A chat room is available next to the video window for free chat conversation.If the client wishes to be connected to the expert over the telephone, a click of the button starts a private video and chat session while placing a telephone call to both the expert and the client.They are speaking together within seconds, and the paid conversation has begun.

The service is free to blog/site owners.There are no start-up costs.SpeakToMe takes 10% of any revenues paid by the client(quite justified) and the expert takes over 80% of the revenues.The rest of the gross revenues, less than 10%, go to pay for credit card fees, broadband fees and telephony charges.

What’s so unique about it ?

This service offers a new online business model, one of peer-to-peer payment rather than the “three-legged stool” of publisher-reader-advertiser.If this business model catches on, it could be the backbone of online advisory and social media based businesses.

According to Edward E. Murphy,founder of SpeakToMe(former founder of MarketPlayer, Inc., an online stock competition company) who has bootstrapped this startup with $20,000 so far,one can expect multi-language support and mobile version of this service very soon.

Challenges to face…

SpeakToMe suits basically those who are kinda experts in a field and therefore can consult/troubleshoot issues talking LIVE to the visitors having respective issues.But for those bloggers/site owners having no such intention of sharing screen with their visitors,the service looks tough to get digested.

Also,in today’s generation when music labels have,sort of surrendered in front of online public and are gearing up for advertising system(as the pay-per-download system is just dying),because hardly any user is willing to pay for downloading music,it seems tough to convince users to pay for a chat or a conversation(with higher charges).

No doubts,the system is unique but it will be tough to convince the folks.But if this system works out,it will define another unique way of making money online.

10 Comments

10 Comments

  1. Barbara

    November 10, 2008 at 8:15 pm

    I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

    Barbara

    http://www.ipodepot.info

  2. Ted Murphy

    November 10, 2008 at 9:00 am

    Right now, SpeakToMe is offering $50 to anyone who will try this product out in front of their online audience. Given the quality of this website and the readers here, we will bump that to $100. Just email me at ted@speak-tome.com for more info, and mention you heard about the offer over here on techpluto.

  3. Siraj

    November 10, 2008 at 10:46 am

    @Ted
    Is your advertising model following a proper system or not ? Is the entire system so manipulative that you are treating TP’s readers so differently.(letting them earn double the usual amount)
    Something seems wrong…

  4. Ted Murphy

    November 11, 2008 at 7:33 am

    Wow, you’re reading my blog? I’d better do more on that. Basically, I am trying to start a new business where I make money if my clients (other online experts) make money.

    The payout to the experts is 80% and there are no startup costs, but I am having trouble getting people to give it a shot. Its a pain, having to be there available for your audience to call.

    That’s why I am offering the guarantee of $50 cpm ($100 to techpluto). Basically, I want to get people to try to make money using this SpeakToMe widget.

    You can see me right now using this widget on a blogspot blog:

    http://speaktomeexpertservices.blogspot.com

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  7. Jim Spence

    November 29, 2008 at 1:28 am

    Friday In searching for sites related to AdSense but more specifically to %KEYWORD, I found your site which has great content.

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  9. Keira James

    July 22, 2010 at 6:18 pm

    there are many ways to earn money, all you need to do is become very creative.”:.

  10. Ruby Jones

    September 9, 2010 at 3:58 am

    there are lots of ways to earn money on the internet, one of them is monetizing your blogs`*.

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