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WAYS TO MONETIZE YOUR WEBSITE

  • 1) Affiliate Marketing

    Affiliate marketing is a very popular way to make money through your website/blog. In short, you sell (or recommend) someone else’s product(s) on your website. When your website visitor clicks on your affiliate link and buys the product – you’ll receive commission.

    The commission is usually 30% – 70% of the product or service price. So if you promote an e-book that costs $100, you’ll get $50 for referring the buyer (just an example).

    Where can I find products to promote?

     

    2) Pay Per Click Advertising

    Google has made a program called Google Adsense for publishers (bloggers, website owners) and advertisers (business owners, marketers, product owners).

    This system is quite simple. You place a code on your website that will start displaying relevant ads to your website. For example, if your site is about pets (dogs & cats), Google Adsense will start showing your visitors ads for cat food, dog training and so on.

    When someone clicks on the ad, you will receive money for this click. It’s usually $0,5 to $5 per click, but when your site has enough traffic – you can make hundreds if not thousands of dollars per month. Keep yourself known with their TOS, though.

    How to apply for for Google Adsense?

    • Apply for AdSense – Before applying, keep yourself updated with their TOS, though. Google is very strict with their rules so it’s pretty hard to get approved.

     

    3) Selling Ad Spaceadvertising_on_website

    As the name says, all you need to do is sell the ad space. You set up a price, let’s say: “Banner at the sidebar will cost $xxx per month”. You will get paid upfront and the price depends on your traffic. If your site gets ton loads of traffic from different sources, the banner ad price can go up as $5000 per month. However, if your site doesn’t have much traffic, don’t expect much.

    Where can I let others know that my website is selling ad space?

     

    4) Sell your own digital product (ebook for example)

    Selling your own product is awesome because there are no middle mans, no one is going to take the “cut” – it’s only YOU and the CLIENT. You can sell directly through your website and you’ll get paid directly. While it looks like a simply way to make money, it’s actually not.

    It takes a lot of time to create a good product that you can actually sell through your site. So make sure it’s well-made and polished before you throw it out on your webpage. In addition, a perfectly optimized landing page for the product is essential to higher your conversion rates.

    Additional resources

    How to sell products on your website.

    How to set up a PayPal “Buy Now” button on WordPress

     

    5) Donation / Becoming a sponsor

    Setting up donation buttons or simply asking additional funds from your readers is another way to monetize your website. It’s easy to set up, but you have to be aware that it’s not so easy to make money with it. Unless you find a sponsor(s) who pays a lot! However, before you throw up your donation buttons and widgets, make sure that your visitors will see why you need those donations (hosting expenses, new product creation, researching costs etc…).

     

    For example web.archive.org makes a lot of money from donations, but then again – they probably have millions of visitors per month.

    How to set up donation buttons?

     

    6) Accept sponsored posts & articles

    Once your site is getting good amount of visitors monthly, you can offer sponsored posts and articles. There are a lot of advertisers who would be interested in writing sponsored posts for your website.

    Another option is make money through reviewing something. Here’s an example: You have a website about Apple products -> marketer from Apple sees your site and contacts you.-> He/she offers you a free iPhone 5 if you make a comprehensive review and post it on your site for followers to read. This is an extreme case, but I’m sure you get the point…

    Win=Win situation? Yep. However, make sure don’t accept anything completely irrelevant to your site/blog. If your site is about cats and you post a review of American Express credit card, then your visitors might have a trust issue (case study).

      June 19, 2016 11:04 PM PDT
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