So you own a website and you want to make money from it, but don’t know where to start. Than this guide will be your beacon. But before we get started, there’s a few things that you might need to know.
First things first, earning money isn’t easy and quick. There is no such thing as easy money, be it making money online or offline. But unlike your full-time job, an online money making gig doesn’t require you to spend eight hours a day or go to a particular place to work. Earning some extra money out of your own website isn’t as hard as others think about it, but you need to acquire basic knowledge to be able to make the most out of your site.
The main factor impacting your revenue is your very own traffic. Without it, it would be impossible to monetize your website. That leads us to the next thing you should know, patience. You might not get what you expect at first, don’t worry. As we have told you, t’s not something you do for one or two days. You have to stick to it if you truly desire the reward at the end of it. Do not let the revenues of other websites put you off, you will eventually outgrow those numbers.
Ok, that’s enough of us talking. Let’s get down to the list of ways to earn money from your website.
Pay Per Click advertising
Pay Per Click (PPC) is an online advertising model involves placing ads in search engines such as Google in which site owners get paid each time a user clicks on an ad. Google AdSense is a great way to make extra money as you don’t need much effort to place ads on your blog or website. If you have more than one site, you can still apply to be an AdSense partner.
Selling Ad Inventory
Selling free inventory on your site directly or programmatically to advertisers is also a method that many publishers choose to maximize their monetization strategy. But this method might require more not only your traffic but also your content. Advertisers will choose websites of related content to buy inventory. The pricing can vary, you will need to negotiate with advertisers to reach business agreement.
Native advertising is the use advertisements which look similar to the content and the platform upon which they display. Publishers use it to monetize their websites with personalized ad content that doesn’t disrupt the user experience. You can read more about native advertising here.
If your website has a lot of interesting videos, then In-stream video ads are just the right thing for you. In-stream video ads enclose display advertisements that have video within them, the ads could occur before (pre-roll), during (mid-roll) and/or after (post-roll) a video stream. But what if your site doesn’t have many videos, no need to fret. There is another type of video advertising called Out-stream video ad. They are video ads but can be placed within text content. Both of them are high CPM ad units that could help your monetization strategy tremendously.
Email marketing is the use of email to promote products or services. It can be used to build relationships with potential customers. This kind of marketing is, however, tends to be labeled as “Spam”. To avoid this, you need to refrain from using words or phrases like “Get exclusive content for a ___% discount.”
Have paid membership option
This is different from advertising. If you’re confident that your content is worth paying for, you can try monetizing your website in this manner. Most customers do not opt for paid membership options until they have used free services for some time and are not satisfied with them. Let take cooking recipe websites for example, visitors can check out free or well-known recipes, but if they want to access exclusive or latest recipes, they might think of joining your paid membership.
Brands will turn to publishers when they want to promote certain products. Publishers advertise products on their site in exchange for a commission every time a customer buys the product. Let’s say you are promoting for a guitar store, so when a customer clicks on the link on your website directing to the store’s site and decides to buy a guitar that worth $1000. If you get 40% per sale, it means you get $400 and you might also get paid per click. It’s a win-win situation for both you and the brands, isn’t it?
Selling your own products or services
People like to buy things online. It gives them the option to spend money and buy anything if they find it interesting at their convenience. If your website does not have an e-commerce, it simply means that people would not have the option to buy things online. They would opt to go to other places that sell what want thus reducing the traffic and their time on your website. But if you have merchandise exclusively made, consumers would love to buy it directly from you.
Sponsored content is a collaboration between you and brands that you’re partnering with. They pay you to publish their content on your site, the content could be created by you or by the brands themselves. Note that if they ask you to create the content for them, you can charge more.
Flip your website
Ability to be marketed. How much you can earn depends on your skills in terms of choosing websites to buy and improving them. You can also build a website from scratch and sell it once all the conditions are met.
I have finished listing the 10 ways for you to maximize your income. These are just the tip of an iceberg, if what you are looking for isn’t in the list, then keep looking for it from other sources or you can email to: email@example.com. We will support you immediately.