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Been in and out of this biz for a while now and I've never tried selling gay sites other than on the occasional filter page in the past and was wondering if anybody here knows the market well because it seems to me to be an untapped income stream that I might want to check into.
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Whilst i would agree with most of what has been mentiond already it is noteworthy that the gay market, apart from the differences in marketing, is also different in the fact that the vast majority of gay surfers are EXTREMELY loyal to more 'community' orientated sites and members areas that offer them above and beyond what the 'norm' for the straight side of the industry currently offers their member base.
I would honestly start out by marketing affiliate sites, as CJ mentioned above, GWW offers some exceptional resources for anyone, gay or straight, male or female looking to enter that market and it would be worthwhile checking out some of the sponsors listed there as well as joining the community that we have built up, it really is full of great advice on a daily basis.
The only issue that you should be made aware of in the gay market are the various 'cliques' that operate within it. There are, unfortunately, those groups who beleive that only gay webmasters and companies should be allowed to profit from the gay market place and, whilst we are working on rebutting those claims, it is a slow process but, it is beginning to happen. At the end of the day, whether it is green or pink, the dollar all looks the same in my, your and anyones bank account.
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Any info on how crowded the market is, where to find good places to submit galleries to, what sponsors convert and have content I could use and such would be appreciated.
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As with the straight marketplace the gay side of the industry has its oversaturated niches such as twinks, asian, ebony etc. In all honesty you would probably be better focused using those types of sites as supplemental sites and focusing primarily more on the highly targeted niche specific sites, feet, hair color, etc etc although, because of the huge saturation by those 'cliques' of twink sites, the good selling sites are few and far between.
As i mentioned above, head across to GWW and see what we have listed there as well as asking on the community what sponsors others use for the sake of saving time i would suggest signing up at the following sponsors..
http://www.hunkmoney.com
http://www.pridebucks.com
http://gay.topbucks.com
http://www.brendonsbucks.com
http://www.badpuppy.com
http://www.bigcashsociety.com
http://www.cockscash.com
Using a mixture of the sites those 7 sponsors have to offer, you wont go far wrong.
As for the content issue, i really wouldnt use sponsor provided content to promote sites in the gay marketplace, it really has been used and abused by everyone and their boyfriend to much already, instead, opt to spend a couple of hundred bucks on content from providers such as maxpixels.com ounique.com and our content store rainbowcontent.com (which is due for launch later this month hehe). However, make sure you order after they have updated their content selections otherwise, you will find that the sets you buy become stale very quickly
As for traffic, personally i find that gay tgp is at best, hit or miss, in fact whenever we do tgp submissions we rely on the traffic purely from a site building perspective and, if any sales are made from the galleries, we view that as a bonus, get the traffic to a central hub that you own and keep hold of it for as long as possible, there are, realistically only around 10 big gay tgps and, inevitably, they all trade traffic with each other on a daily basis so the traffic you get after submitting tomorrows gallery, will be the same surfers you got after submitting yesterdays gallery
Personally, i prefer submitting to TGPs like our own
http://www.cumsoda.com that doesnt trade traffic but has built the traffic through more traditional methods such as seo and hard link trades the quanities of traffic are lower but, it is much more potent.
If you have any other specific questions feel free to join the GWW community as i have already mentioned or, ask them over here and ill be happy to give you as much assistance as possible in breaking in to this profitable market.