5/28/2020 SMART WAYS ON HOW TO MONETIZE A WEBSITE.Can you earn a good income from your new website? The answer is a definite “yes.” But it takes a lot of hard work.As blogging and influencer marketing become professions instead of hobbies, it’s easy to assume that making money on the internet is simple. You can just create a blog, choose one of the frequently recommended monetization strategies, and watch your bank balance go up.Around 68% of bloggers make less than $5,000 per year, but most new bloggers will quit before they see those first dollars roll in.That's because creating a website is easy.But maintaining it means a lot of unpaid hours before monetization starts to work.However, if you power through that initial stage, build up your audience, publish new content regularly, find your target audience on social media and bring them onto your email list — and do all of the above month over month — you have a good chance of success. With that said here are various ways you can monetize your website or blog.Keep in mind that the strategies listed below range from easy and passive, to the ones which require a TON of on-going work (so make sure you pick something that suits your site and lifestyle preferences). 1.AFFILIATE MARKETING. Affiliate marketing is one of the most popular (not to mention quickest) ways to make money from your website or blog.Start by finding a product you like and would recommend. Then on your website, you endorse the product and promote it to your website visitors and email subscribers. If the product or service resonates with these people, they’ll click on your affiliate link, purchasing the product (while you get a split of the sale price). 2.SELL YOUR OWN DIGITAL PRODUCTS. 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. 3.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. 4..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.When done right, this can create a win/win scenario. However – done poorly, with irrelevant or inauthentic site content, it can erode all of the reader’s goodwill you’ve worked so hard to create in the first place. 5.GENERATE 'LEADS' FOR OTHER COMPANIES. Businesses thrive on new leads coming in their doors to inquire about their products or services.It’s no surprise that they’re always on the lookout, searching for creative ways to find new sources of leads to help them grow.For example:Let’s say you have a website about teaching math skills. Your reader’s information (like their email address or phone number) would be of great value to different online schools who’re looking to sell their courses to eager, proactive students.Basically, you’re connecting the dots; playing the matchmaker by introducing two parties who can benefit one another. While it’s similar to how affiliate marketing works, in this case, it doesn’t actually matter if your reader ends up purchasing their product or not. They’re just looking for an introduction at this point. 6.BUILD AN EMAIL LIST. Spend any amount of time reading blog growth tips, and you’re sure to come across people saying “the money’s in the list“.They’re referring to your email list, which comprises your most loyal readers. The objective is to convert as many strangers who visit your site for the first time into passionate followers who want to stay up-to-date on your latest work or content.Admittedly this is a long term strategy (and you definitely won’t get rich overnight). But it’s one of the best, long-term methods to profitably growing your blog into a full-fledged, money-making enterprise.Never lose sight of creating relationships with your followers. Offering great information or free help is a perfect way to start. Spamming people with unsolicited offers is one of the fastest ways to abuse the reader’s trust and sabotage your long-term goals. 7.SET UP AN E-COMMERCE STORE. Websites don’t just have to be about content. They can be centered around tools or products on an online store.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 and the latest marketing techniques to stand out from the crowd. 8.FLIP YOUR WEBSITE. Believe it or not, there’s almost always a market out there for your website.That means if you’ve built up a following (or possibly even sold a few products or included advertising on your site), you might be able to sell it to someone else and make a quick buck.To be honest, we typically don’t suggest people plan on flipping their website or blog (we’re a bigger fan of creating something for the long term).You can’t deny how lucrative it can be. For example, if your website is making $500 per/month through selling ad space, you might be able to sell the site for $5,000 – $10,000 (which is about 12x – 22x monthly income). 9.USE MONETIZATION WIDGETS. These are also very similar to Google Adsense, so they’re worth trying out as an alternative. 10.GIVE AWAY PREMIUM CONTENT FOR EXTRA CASH. 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! (Crazy concept, huh?!) I’m personally fine with paying for premium content. Bear in mind – don’t ask people to pay right away. Instead, stay focused on growing an audience and visitors first. 11.START A PRIVATE FORUM OR COACHING. 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. 12.DISPLAY POP- UP ADVERTISEMENTS. Pop-ups can be extremely annoying. However, they’re also another easy way to make some quick money. 13.SELL AN E-BOOK. his one is a no-brainer. Many people sell e-books through their site. If you have a website about recipes and cooking, you can easily create and sell your own recipe book. The same applies to almost every niche. 14.OFFER COUPONS WITH AFFILIATE LINKS. People are eagerly looking for discount & promo codes for everything from clothes to travel vacations. If you can (find and) offer a valid one, you can also get a cut of that revenue too. Comments are closed.
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