Need advice about advertising

Hi friends,

i am new to advertising. I have a website http://www.worldofdth.com
i am selling the banner space on my website:
10$ for header for 1 month
8$ for footer for 1 month
5$ for postbit for one month

now the advertisers are wanting to pay for 6 months and 1 year, and i am confused how to create packages on half yearly and yearly basis.

Can you please advice me to create advertising plan for year and half yearly which can be beneficial to me....

Thanks

 

Give them 2 months free if they pay 1 year as upfront. This is like an industry standard.

If these are the monthly prices;
10$ for header for 1 month
8$ for footer for 1 month
5$ for postbit for one month

Yearly prices can be look like these;
100$ for header for 1 year
80$ for footer for 1 year
50$ for postbit for one year

And semi-annually prices;
55$ for header for 6 months
44$ for footer for 6 months
27.50$ for postbit for 6 months

 

You must be good in dealing a business with your client. You must have a convincing power in order to grab a client.

 

I always gave one month free if they signed up for six months. I didn't offer the yearly option, but I agree with make it easy. Offering 2 months free if they pay for an entire year is a good practice.

 

That's really a good option to give a month free with six months and some discounts in a yearly plan. But what ever you sell, it should be very attractive then only there going to be any possibilities.

 

Thanks for ur replies friends, what if after free period the advertiser refuses to advertise...?

 

Have them pay up front, then you say the last two months are the free months. Then since the contract ad term is up, if they dont want to pay for more, then you can find a new advertiser to take the spot

 

Definately this !