How much do I charge the companies who display their ads on my website?

Querist : Anonymous (Querist) 29 March 2011 This query is : Resolved
All website owners,who have their websites registered in India,please answer this..

I have opened my own website recently and it's doing extraordinarily well.So many companies want to display their ads on my website.

But I have no clue how much I should charge these advertisers who want to display their advertisements.

Please guide me:

1. How much can I charge them for their advertisement that is displayed on my website?

2. Are rates of these ads charged on per hour basis?Or on per day basis?Please give an example.

3. Just give me a rough idea how much I should charge?I don't know anything about this aspect at all.

Do explain me stepwise,very simply.

Thanks in advance :)

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