10 Ways to Monetize And Make Money With a Website or Blog
There so many ways to make money online using a website. Searching for how to make money with a website…? If your answer is yes, the you are in the right place, and also on the right page. Many bloggers are on the constant look out for an improved method through they can make money with their websites. Well, search no more. Here, I have disclosed free of charge 10 different ways to make money with website. These money making methods apply to almost every website..
If you have a website, you will understand that the cost of running and maintaining an average website is high. The high cost of running an average website, is a deciding factor for finding ways of making money from a website. As a website owner, the earlier you discover how to make money from a website the better for you. This is good so that when your website takes off with good traffic, you will be able to monetize it sharply, make money from it, and recoup your expense. Ideally, there has to be traffic to a website, before the thought of ways to make money with a website. Therefore, do not rush to monetizing your website, if you do not have the substantial traffic amount. Every website owner desires to know the best strategy needed in other to make money with a website.
There are several ways you can make money with your a website. However, any method of making money from a website should depend on the type of website in question. As expected, different websites have different monetization strategies. The way a forum site is monetized is different from the way an affiliate marketing website is monetized. The same goes with niche and micro niche sites. Bigger and multi-niche websites have to combine several of the different methods of making money from websites.
Let me stress it again, to make money from a website isn’t a rocket science. Anyone can do it, provided the modalities involved are duly observed and followed. One is at choice of monetizing his/her website the way he/she deems fit. After all, it is your website. There are several ways through which you can make money with a your site. So dummy, choose one or two of these ways to monetize and make money with your website or blog
Did you know you can turn that your new blog or website into a money making machine? In fact; turning a part-time, hobby blog or website into an income-generating asset is fairly possible with some hard work.
Secondly, with some luck on your side, you could start making money within few months of setting it up. Let me reiterate it again, there is a hard work before you can make money with your website. It involves driving traffic. to make money with a website you must fight to get traffic. Like I stated above, once you have a good traffic, you can go ahead and monetize your website.
You do not need the CNN kind of traffic to make money from a website. You can start to monetize your website the moment your site hits about 200 visits per day.
At the very least, you should be able to make enough to cover your basic expenses for a domain and hosting plans. You might even be able to replace your income (and then earn some more).
Note that the strategies listed below range from easy and passive income generating methods, to the ones which require almost round-the-clock hours work. Therefore, endeavor to pick the one that suits your site and lifestyle preferences. This is called Digital Lifestyle.
In this post, I have limited my analysis to just 10 ways to monetize and make money with a website or blog. Follow it up for you seriously need to start making good money from that your website.
The first, three are the most popular basic methods or ways of making money from a website. They are the most commonly used ways to monetize a website or blog so as to make money from a website. They are the most applied website monetization strategies by many sites out there.
Then, the last seven are the least common, but also mainstream ways to monetize a website or blog.
Check out: How to create a website
Follow These 10 Ways to Make Money with a website
Quick note: It doesn’t matter whether you’ve started a blog or created a website. It works for both. If you don’t have a blog or website, use the step-by-step guides below to create one:
3 Most Common Ways to Make Money from a Website
Making money from your website isn’t easy. These ten tips are probably your best bet to get started. They are ideal for making money with any kind of website.
- Affiliate Marketing (… and affiliate links)
Booking.com (a hotel and travel guide website) is a very good example of a successful affiliate website.
Affiliate marketing is one of the most popular – if not the quickest – ways to make money with a website or blog.
Check out: Affiliate Marketing Guide for Beginners
How do you start? Start by finding a product that interests you – for interest derives passion – and would recommend. Then on your website, you endorse the product, and promote it to your website visitors and email subscribers. You do this by offering to review the product. However, 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, usually 30% to 45% commission per sale
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?!
Below are 3 most popular sites where you can make money with a website through affiliate marketing
- Commission junction– offers reliable products with on-time payments.
- ShareASale– mostly clothes, accessories, and other offline goods.
- Clickbank– high percentage payouts, but there’s a lack of GOOD products to promote.
- Google adsense (Pay per Click Advertising)
Mashable.com is an example of a very successful Adsense site that makes money through adsense.
AdWords are the advertisements that show up on the top of Google search result pages.
AdSense is the reverse of affiliate marketing, allowing publishers (which includes bloggers and other website owners like yourself) to tap into Google’s immense advertising network so that other advertisers can run ads on their website.
The best part about this system is how simple everything is. Making money with a website using adsense is the usual choice of many budding bloggers. The inexperienced website owners usually choose to make money from their websites using adsense. This is due to the simplicity of adsense money making method. It is considered by many as a free gift from Google.
So far you start seeing relatively good traffic, just sign up with the program and start earning. Once you sign up, Google will place a simple code on your website that will identify the content of your site and start displaying relevant advertisements. For example, if your site is about website creation, Google AdSense will start showing your visitors ads for webhosting, Addons for websites, security softwares for websites, and so much more.
You get paid each time someone clicks on the ad Doubting? Yes, you get paid once someone clicks any of the ads. As you can see, it is as simple as ABC… It is one of, if not the simplest way you can apply if you want to make money with a website.
However, adsense payment is dependent on relocations. Traffic to a website that comes from Europe and America pay higher pay click. Whereas, if a site receives traffic from third world countries, Google adsense pays less say $0.3 per click. This is because of perceived low purchasing power and conversions inherent with traffics from third world countries.
Your cut might be anywhere from $0.50 to $5 per click. Lest I forget, Adsense depends on your keywords pay per click rates. When your site has enough traffic, you can make hundreds (if not thousands of dollars) each month.
How to apply for Google Adsense?
- Apply for AdSense– Before applying, make sure you keep up with their latest Terms Of Service. Google has very strict rules, so it’s hard to get (and stay) approved.
- Sell Ad Space
This is the last of the 3 most popular ways of making money with a website or blog. Like I stated above, incorporation of Google AdSense on your website is just one way to make money from online advertisements.
However, directly selling Ad spaces to companies looking to sponsor different blogs is another method to make money with website. You can come up with a price for each space, for example: “Sidebar banner ads will cost $xxx per month”.
You can get paid depending on how many visitors you get. Typically it’s quoted as a dollar amount per one thousand impressions (or CPM). You might see it as: $5 CPM. If the website gets 100,000 visits a month, that ad price translates into $500 bucks.
The good thing about this approach is that if the 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.
Where can I let others know that my website is selling ad space? You can use this service below:
- BuySellAds– The most popular environment to let everybody know you’re selling ad space.
Here under are the least 6 common ways to make money from a website
- Sell Your Own Digital Product (Ebook for Example)
Are you a good writer? If you have written a couple of eBooks, you can sell them on your website as well and make some bucks. You either sell directly from your website, or you refer them to your affiliate account, say Amazon affiliate account. When you opt for the former, there are certain plugins you can use to make online purchases simple. And, a click away
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. That way, you will be making steady income with your website.
Unfortunately, it’s not that simple in reality. To make money with a website using this method comes with a few qualifications. You need mental capability to create awesome digital products that you can sell and make money with your website.
Creating good products that are well made and polished require 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.
Forget that I stated it to be real simple; it is not all that simple when you put technicalities, investment capitals into perspective. Like seriously, how are you going to collect payment? How are you going to go about inventory and shipping of the product? What about taxes you have to pay on routine basis?
If it doesn’t sound like enough work already, you’ll also need a well designed, persuasive landing page to make sure your product has a strong conversion rate.
- 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 for donations!
This method usually works well when you provide your readers with quality content that solves problems free of charge. By so doing, when you ask them for donations, they can easily co-operate, by assisting you. From that way, you can recoup money already spent on hosting and domain name renewal for the site. In addition, the left over will be there as your profit.
Simply put, this method of making money from your website is ideal when you run your site as an open source for classified information. If your site is a free of charge ‘Go to’ tool online, you can adopt this method for making money. This way, you can make enough money with your website, because there are a lot of good people out there.
To make money from a website by this method requires patience.
Let me reiterate the above, again, 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. This offers you a quick way to recoup what you might be spending on a good web hosting, new product creation, research, and all of the other costs to maintain a healthy, active blog.
A very good example of a website that makes money with donation website monetization strategy is archive.org. Web.archive.org makes a lot of money from donations (most likely due to their millions of visitors per month). However, to succeed and make money with a website through this method requires being a bundle of knowledge per excellence in your field.
How to set up donation buttons?
- How to take donations on your website– The right way.
- Accept sponsored posts & articles (…but use nofollow tag)
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.
- Generate ‘leads’ for other companies
Businesses thrive on new leads coming in their door 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.
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. This method of making money with a website is partly an email marketing strategy. On the contrary, you are generating leads to the involved companies.
Looking to make money from your website using this means? Below are where you can find such offers?
- 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 reader’s trust and sabotage your long-term goals.
How does it EXACTLY work?
- Listbuilding 101– Probably the best introduction on the internet.
- How to build a list with your website
- Best Email Marketing Services
- Set up an e-commerce site (hard work is required)
Websites don’t just have to be about content. They can be centered around tools or products on an online store.
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. Thanks to WooCommerce plugin that is easily accessible to wordpress powered websites. I suggest you go opt for Micro niche eCommerce website so you can stand out and make money with your website.
How do I create a successful online store/shop?
- How to Make a WooCommerce Shop(WordPress)
- How to Make Shopify E-commerce Store(Shopify)
- Flip Your Websites (Create -> Sell -> Reinvest)
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, I typically don’t suggest people to plan on flipping their website or blog (I’m 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).
Where can I sell my site and make money?
- Flippa– The most popular website market.
- We Buy Websites– Another popular marketplace.
- FEinternational– Mostly for high-end websites.
The above are the top 10 most popular way of monetizing a website. They are the most popular ways to earn money from your website.
There are several other methods of making money with a website aside these ten methods above. However, in no distant time I will be writing post on those other numerous methods of earning with a website.
Key takeaway: Traffic is the goose that lays the golden eggs for any website. There must be traffic before any form of earnings with a website. I enjoin you to build traffic first before any form of monetization. Or, you will be disappointed. Again, your traffic does not have to be as huge as that of CNN, BBC, and Facebook before you can monetize your site. With a little above 200 visits above, you can monetize and start making money from your website.
Thank you. Do endeavor to share this post, and link back to it