If you are the proud owner of a website or blog, you can sell advertising space on your website or blog and make money from doing it. Peruse websites and you soon will spot banner or text ads that typically run along the side, top or bottom of the web page that belong to businesses other than the site you are visiting. If you are looking to make extra and residual income, then you can make money on Internet advertising by selling this space in your own website or blog.
Create an advertising spec sheet. An advertising spec sheet is a list and description of the advertising options you offer online to potential advertisers. You can include banner and text ad options, sizes, the number of words, pricing and length of time the ad stays up.
Create an advertising page or listing on your site or blog. Alert visitors to the site that you have advertising for sale by building a page with this information on your site, or by including a way for potential advertisers to contact you. You may want to field potential advertisers to be those that relate to the topic, subject or business represented by your website or blog.
Send a contract agreement. Once an advertiser chooses the advertising options they want to use, send an agreement that spells out the details, such as the size of the ad, type of ad, how long the ad will run and the price. Have the advertiser sign and return the agreement to you.
Collect the advertising fee. Depending on how your agreement reads with the advertisers, you can collect the entire advertising fee upfront, spread it out on a monthly basis or in another format according to how your agreement reads with the advertiser.