How much should I charge for ads on my website??

How much should I charge companies that want to advertise on my website?

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. 1. So,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 :)
Answer:

you need to find out what other websites are charging in your market and they go from there.

Madhu at Yahoo! Answers Visit the source

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