Just about every website you visit today has some form of advertising on it, whether it be those annoying pop-ups or the little link bait ads. If it seems like they are on every single page of every website you visit, it isn’t your imagination. They really are everywhere!
Having been on Steemit for a little over two weeks now, I have noticed that there currently isn't a way to keep making money on the content we have created after the first 24 hours of posting it. What happens to the content after the 24 hour period? It's still there, but it can only be found again by going to the content creator’s personal page or by doing a Google search for keywords about that specific article.
Profit sharing of ad revenue has been a very successful model for websites such as Hubpages and the now extinct Squidoo. Squidoo and Hubpages were at one time two of the top websites for user content creation. Most users made money through affiliate marketing. They would simply write about a certain product or program and post a link that would lead the reader to another website where the product could be purchased. The content creator would then receive a royalty if the person purchased the product or program for sending them to the company's page.
However, the heavy use of affiliate programs on these sites is what ultimately led Google to penalize them and ending their long reign at the top of the SERPs. But not everyone used affiliate marketing to make money on these sites. Many content creators made money with the advertisements placed on their webpages. When someone would click on a Google Adsense or other advertisement on one of their pages, a portion of the revenue would go to the content creator. Many writers were able to keep a steady, passive income from just a few well-written articles.
Theoretically, one well-written post on a subject could generate a steady stream of revenue through advertising clicks on the content page for many years.
I know having advertisements on a website is annoying, but product advertising is what makes the world go round. It’s what keeps our economy moving. By allowing advertisements on Steemit, content creators could benefit from an additional source of income, which could be paid out in SBD on a weekly or monthly basis. This would also be a strong incentive to drawing more people to Steemit as a blogging platform. Steemit would also benefit from the revenue generated from advertisements. An additional revenue stream would mean fewer power downs and cash outs needed for Steemit developers to “pay the bills” and for maintaining the site.
My question is, why not begin using on-page advertisement models like Google Adsense on Steemit? Even Reddit uses Google Adsense to generate a steady income stream. The difference is the people who create the content on Reddit don't get a portion of that income. If Steemit were to do a profit sharing of ad revenue, they would surely crush most other social media sites.