10 Ways to Monetize a Website/Blog
If you have a website and wish to generate some money through your website, here are 10 ways on how you can make money online.
Turning a part-time, hobby blog or website into an income-generating asset is fairly common with a bit of luck and some hard work. At the very least, you should be able to make enough to cover your basic expenses for a domain and hosting. You might even be able to replace your income (and then earn some more).
The strategies listed here are from easy to passive, and if you put some effort into it you might be able to generate enough income to cover your basic expenses and also turn it into a full time job.
The first requirement of generating money online is to have a website with good amount of traffic. This might not happen overnight but you will get there if you work on it.
Making money from your website isn’t easy. These ten tips are probably your best bet to get started.
1)“Pay Per Click” advertising (Google Adsense)
AdWords are the advertisements that show up on the top of Google search result pages.
AdSense is the reverse, allowing publishers to tap into Google’s immense advertising network so that other advertisers can run ads on their website.
In this system you simply visit https://www.google.com/adsense/start/#/?modal_active=none and sign up for their program and submit your website for approval. The setup is easy and it takes about a week or two to get your website approved. Once approved you can start placing ads on your website and you will start to generate income as the number of visitors visiting your website.
You get paid each time someone clicks on the ad. (Yes, it’s really that easy!). Your cut might be anywhere from $0.50 to $5 per click. When your site has enough traffic, you can make hundreds (if not thousands of dollars) each month.
2. Set up an eCommerce site
You can start selling products online. Websites don’t just have to be about content. They can be centred on your hobbies. You can start selling products to your locality through your website for beginners. Be forewarned: There are literally hundreds of thousands of eCommerce websites or online stores. Make sure that yours is filling a unique niche, with a detailed strategy
3. Affiliate Marketing
Affiliate marketing is one of the most popular (not to mention quickest) ways to make money from your website or blog. In affiliate marketing you simply promote a product on your website
and if your visitor’s bye products from your affiliate link provided by your affiliate program, you can earn a commission on each sale. There are multiple affiliate networks to choose from such as amazon affiliate program,Clickban, etc.
The commission might be anywhere from 30% of the product or service price, up to as high as 70%. For example, if the split is 50% and you promote an e-book that costs $100, you’ll get $50 for simply referring the buyer. Pretty sweet deal, huh? The upside of this method is that you continue to generate revenue when you are asleep.
4. Sell ad space
Like adsense which pays you based on the ad clicked placed on your website, you can sell ad space on your website to different companies. You can come up with a price for each space, for example: “Sidebar banner ads will cost XXX rupees per month”.
The good thing about this approach is that if your site gets a ton of traffic from different sources, your simple banner ad pricing can go up to as high as ₹5000 per month! The obvious downside is that if your site doesn’t get a lot of traffic, you can’t expect to earn much either.
The other common method when selling ad space directly from your website is a simple direct price. You simply name a price (based on what you think it’s worth, relative to what the competition might be charging), and get paid upfront at the beginning of each month. This pricing is also generally a simple flat fee, not tied to a Cost Per Click like AdSense.
5. Sell your own digital product
You have the potential to make the most money on a per-sale basis when you can sell your own directly.
That’s because there’s no middle-man or person in between you and the buyer that’s taking a ‘cut’ from the money earned.
This approach seems fairly straightforward because you can simply sell these products directly through your website and get paid immediately. Unfortunately, it’s not that simple in reality.
Creating good products that are well made and polished requires a ton of time and additional resources (like design, content, etc.). There’s a lot of ‘hidden costs’ in both time spent and the contractors to collaborate with. Selling your own products on your site also brings up problematic issues like payment gateways, shipping, and taxes.
6. Accept donations from visitors
If you don’t have a ton of monthly visits, but you do have a strong, engaged community? Simply
ask your readers to donate!
Accepting one-off donations isn’t a fast road to wealth, but it can help you cover expenses in the short-term if people like what you have to say and want to support your journey.
For example, PayPal offers little donation buttons that only take about ten minutes to add to your website. These buttons offer you a quick way to recoup what you might want to be spending on a good web hosting, new product creation, research, and all of the other costs to maintain a healthy, active blog.h
7. Sell sponsored posts
One of the common ways to make more money from your website means getting those visitor numbers UP.
Once you’ve done the hard work of building steady traffic to your site with an engaged community, there are a few different ways to monetize your hard work.
For example, many companies go out of their way to look for blogs that will feature their sponsored content. ‘Native advertising‘ like this works well because it lines up with your site’s primary content and it comes across as relevant and transparent.
You can also review the products from a company in an ‘advertorial’ that’s part content, part advertisement. For example, if your website is all about the latest iOS games for iPhones and iPads, the creator of one of those ads would LOVE to have you review and feature their app to your fans.
8) Flip your websites
If you have built a website with large number of readers/followers you can sell your website for a high price and believe it or not there always a market out there for your website
Another interesting option is to sell ready-made sites, these are MUCH cheaper, but there’s still some money to be made.
9) Give away premium content for extra
If you are producing mind-blowing, awesome content that visitors can’t get enough of… you can always try asking them to pay for some of it! Bear in mind – don’t ask people to pay right away. Instead, stay focused on growing an audience and visitors first.
10) Start a private forum or coaching class
Most of us have unique skills that others can benefit from. Setting up a simple forum or classes is an easy way to help others and generate recurring income at the same time. You can create online tutorials, Videos etc.
10) Start a private forum or coaching class
Most of us have unique skills that others can benefit from. Setting up a simple forum or classes is an easy way to help others and generate recurring income at the same time. You can create online tutorials, Videos etc.
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