10 Ways to Monetize Your Website

CristineFelt
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Making income with your blog or website is not that hard as it seems. Everyone can easily achieve this with some persistence and fresh ideas. Depending on your motivation and dedication, your hobby blog can become a full-time job, or at least generate enough revenue to pay for domain and hosting. Feel free to take a look at this review of SiteGround hosting so you can learn about great hosting options. Once you’ve launched your website, stick with strategies described below and start earning some cash. 

Engage in affiliate marketing

Undoubtedly the quickest and easiest way of generating revenue on your website is affiliate marketing. You’ll just need to choose a product and start advertising it on your blog and newsletter. If some of your followers decide to click on an affiliate link and buy the service or product, you’ll immediately receive a split of the sale price. 

Google AdSense

Another simple and yet effective way of monetizing your website is signing up for AdSense. This service will place relevant advertisements on your website, and you’ll be paid every time someone clicks on them. Keep in mind that Google has a great algorithm for advertisement, so ads won’t be random, but complementary to your website’s content. 

Sell space for Ads

If you don’t want to cooperate with Google, you can directly sell ad space to companies that are looking to sponsor blogs in your niche. Every space on your website should have its price depending on its visibility. Take some time to get the right prices and start promoting your ad space. In order to earn good money, you’ll need to work on the website traffic since this parameter will determine the amount you can make every month.

Create and sell a digital product

If you really want to make some serious money, you’ll need to get creative and avoid the middleman. This strategy is pretty straightforward since your product (ebook) can be sold directly through your website where you can receive the payment as well. Keep in mind that creating and selling an ebook may need some additional investment, but it will repay in the long run. 

Accept donations

In case you don’t have a great following and staggering traffic numbers, but your readers like what you do, go ahead and ask them to support you. This strategy won’t make you rich but will help you to cover some basic expenses in the short-term. Just place a PayPal “donate” button on your website and instruct your followers how to make the payment. 

Sponsored posts and articles

After you’ve managed to build a steady traffic, you can start accepting visitor posts and guest on other similar websites with your content. If done right, both parts will receive some new visitors and chances for monetizing will increase. Make sure to accept only those articles that are resonating with your community. Otherwise, your followers will get bored and stop visiting your website. 

Start generating leads

Every company strives to find new leads that will come to their door and buy products or services. This is where your expertise comes in. If you’re teaching people math, you can share their email address or phone number with a company that makes math tutorials. Of course, you must ask your client if they agree to share their information with that company. 

Work on the mailing list

This is one of the hardest strategies, but also one of the most rewarding ones. It is very important to keep great communication with your fan base if your goal is monetizing your website. People who subscribe to your email list are those who really like you and your work, so make sure to provide them with the best content and avoid spamming them. In return, they’ll keep buying your service or product. 

Create an e-commerce site

If you don’t want to create new content every week, you can go with this route instead. Your website may be designed in the way it offers tools or products in form of an online store. Keep in mind that there are hundreds of thousands of online stores and it will be very hard to get ahead of the competition. If you are great at sales, you should try this out and start earning some serious income. 

Sell your website

Every single website has its price, and depending on its traffic and following, the price gets bigger. If you want to make some quick cash, you can engage in flipping websites. In case your site makes $500 a month, you can probably sell it for something between $5000 and $10,000. 

Conclusion

As you can see, there are countless ways of monetizing your website, and it’s up to you to choose the best ones for you. There are some quick and easy strategies that don’t pay that well, and there are some long-term ones that will repay generously. Either way, you’ll be able to make some money online if you are motivated and hard-working.

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