At the very least, you should be able to cover the costs of a domain and web hosting – both of which are required to keep your website up and operating.
You might even be able to make a living off of it (and then Make Money from a website). Keep in mind that the tactics outlined below range from simple and passive to ones that necessitate a significant amount of continual effort (so make sure you pick something that suits your site and lifestyle preferences).
This book contains 33 recommendations in total, but let’s start with the ten most common (and predictable) site monetization strategies. You can follow this step-by-step method to establish your own website for the lowest cost if you want to create a website that you want to monetize.
Best Ways to Monetize a Website
It’s not easy to make money from your website. These ten pointers are most likely your best bet for getting started.
1. Affiliate Marketing
Affiliate marketing is one of the most popular (and fastest) methods of monetizing a website or blog. Begin by identifying a product that you enjoy and would suggest. Then you endorse the product on your website and market it to your website visitors and email subscribers. If the goods or service appeals to them, they will click on your affiliate link and purchase it (while you get a split of the sale price).
The commission could be ranging from 30% to 70% of the product or service price.
For example, if the split is 50% and you promote a $100 e-book, you will receive $50 only for introducing the buyer. Isn’t that a great deal?!
Where Can I Find Products to Promote?
Commission Junction – provides dependable items and prompt payments. Clothing, accessories, and other offline goods are mostly sold on ShareASale. Clickbank offers excellent compensation percentages, however there aren’t many good products to market.
2. “Pay Per Click” Advertising
The advertising that appear at the top of Google search result pages are known as AdWords. AdSense works in the opposite direction, allowing publishers to connect into Google’s massive advertising network to allow other marketers to place adverts on their website.
The best thing about this system is how easy it is to use. Google will add a simple code on your website when you sign up that will identify the content of your site and begin delivering relevant advertising. If your site is about pets (dogs and cats, for example), Google AdSense will begin showing advertising for cat food, dog training, and other pet-related products to your visitors. Each time someone clicks on the ad, you get compensated. (It’s really that simple!)
Your commission could range from $0.50 to $5 each click. You can make hundreds (if not thousands) of dollars every month if your site receives enough visitors.
How to Apply for Google Adsense?
Before you apply for AdSense, make sure you’re familiar with their most recent Terms of Service. Because Google has such rigorous guidelines, it’s difficult to become (and stay) accepted.
3. Sell Ad Space
Buying and selling ad space (method 3) Using Google AdSense to monetize your website is only one technique to make money from online ads. Another option is to just offer your own ad space to corporations interested in sponsoring various blogs. You can set a pricing for each area, such as “Sidebar banner advertisements will cost $xxx per month.”
You may be compensated based on the number of visitors you receive. It’s usually expressed as a dollar value per thousand impressions (or CPM). It’s possible that you’ll view it as $5 CPM. If the website receives 100,000 monthly visitors, the ad price equates to $500.
The benefit of this strategy is that if your site receives a lot of traffic from various sources, your simple banner ad pricing can reach $5000 per month! The apparent disadvantage is that you can’t expect to make much money if your site doesn’t get a lot of visitors.
A simple direct price is another popular approach for selling ad space directly from your website. You just set a price (based on what you believe it is worth in comparison to what the competition is charging) and are paid in advance at the start of each month. This pricing is also usually a simple flat fee, unlike AdSense, which is based on a cost per click.
Where Can I Let Others Know That My Website Is Selling Ad Space?
BuySellAds – The most popular place to announce that you’re selling ad space.
4. Sell Your Own Digital Product
BuySellAds – The most popular place to announce that you’re selling ad space. When you sell your own products directly, you have the best chance of making the most money each transaction.
That’s because there’s no intermediary or person between you and the buyer who takes a ‘cut’ from the money you make. This method appears to be quite simple because you can sell these things directly through your website and receive quick payment. In fact, though, it is not that straightforward.
Creating high-quality, well-made, and polished items takes a lot of work and additional resources (like design, content, etc.). There are numerous ‘hidden costs,’ both in terms of time spent and contractors with whom to engage. When you sell your own things on your website, you’ll have to deal with concerns like payment gateways, shipping, and taxes.
If that isn’t enough labour, you’ll also need a well-designed, appealing landing page to ensure a high conversion rate for your product.
5. Accept Donations from Visitors
If you don’t get a lot of monthly visitors but have a strong, active community, what should you do? Simply request donations from your readers! Accepting one-time gifts isn’t a surefire way to become wealthy, but it can help you pay expenditures in the near term if people enjoy what you’re saying and want to assist you out.
PayPal, for example, provides small donation buttons that can be added to your website in about ten minutes. These buttons allow you to quickly recuperate the money you would have spent on good web hosting, new product development, research, and all of the other expenditures associated with maintaining a healthy, active blog.
Web.archive.org, for example, makes a lot of money via donations (most likely due to their millions of visitors per month)
6. Sell Sponsored Posts to Make Money from a Website
Increasing the number of visitors to your website is one of the most common techniques to make more money from it. There are a few different ways to monetize your hard work once you’ve done the hard work of establishing continuous traffic to your site with an engaged community.
Many businesses, for example, go to great lengths to find blogs that will carry their sponsored content. This type of “native advertising” works effectively since it aligns with your site’s primary content and appears relevant and transparent.
You can also write a ‘advertorial’ that is part content and part advertisement to review a company’s items. If your website is all about the newest iOS games for iPhones and iPads, for example, the producer of one of those adverts would love for you to review and highlight their app to your audience.
When done correctly, this can result in a win-win situation. However, if done incorrectly, with irrelevant or unauthentic site content, it has the potential to undermine all of the reader goodwill you’ve worked so hard to earn.
7. Generate ‘Leads’ for Other Companies
New leads coming in the door to inquire about their products or services are extremely beneficial to businesses. It’s no wonder that they’re always on the hunt for innovative ways to generate leads that will help them expand.
For example:
Assume you run a website dedicated to teaching math skills. Your readers’ contact information (such as their email address or phone number) would be extremely useful to various online schools wanting to promote their courses to motivated students.
In essence, you’re connecting the dots and acting as a matchmaker by introducing two parties who can benefit each other. While it works in a similar way to affiliate marketing, in this situation it doesn’t matter if your reader buys your goods or not. At this point, all they want is an introduction.
Where Can I Find Such Offers?
- GlobalWide Media
- PeerFly
8. Build an ‘Email List’
If you spend any time reading blog growth advice, you’ll hear individuals say things like “the money’s in the list.” They’re talking about your email list, which is made up of your most devoted readers. The goal is to convert as many first-time visitors to your site into devoted fans who want to be kept informed about your latest work or content.
This is, without a doubt, a long-term plan (and you won’t become wealthy overnight). But it’s one of the most effective, long-term strategies for turning your blog into a full-fledged, money-making business.
Never lose sight of the importance of building relationships with your audience. Offering valuable information or free assistance is a wonderful place to start. Spamming individuals with unsolicited offers is one of the quickest ways to ruin your long-term goals by abusing their confidence.
9. Set Up an eCommerce Site
Content isn’t the only thing that may be found on a website. They can be oriented around online store tools or products.
You’ve been forewarned:
Hundreds of thousands of eCommerce websites or online stores are available. To stand out from the crowd, make sure yours fills a distinct niche, has a thorough strategy, and uses the most up-to-date marketing strategies.
MUST READ: Top Ecommerce Marketing Strategies to Skyrocket your Business Growth!
10. Flip Your Websites
Whether you like it or not, there’s nearly always a market for your website. That means if you’ve built up a following (or even sold a few things or included advertising on your site), you could sell it to someone else and make a quick money.
It’s impossible to ignore how lucrative it can be. For example, if you make $500 per month selling ad space on your website, you might be able to sell it for $5,000 – $10,000 (about 12x – 22x monthly income).
Another fascinating possibility is to offer pre-built websites. These are much less expensive, but there is still profit to be gained.
Even so, we’re merely scratching the surface. Below are another 23 ways to make money with your website.
11. Launch Your Own Affiliate Program
If you offer your own products, using an affiliate programme to boost sales tremendously is a smart move. In exchange for a commission on any sales that they refer, you’ll allow others to promote your products. From your admin dashboard, you’ll be able to track everything, and affiliates will be able to join up and have access to their affiliate dashboard. They’ll be able to do this from the affiliate dashboard.
12. WordPress Affiliate Plugins
There are a few plugins that can help you in setting up your affiliate programme if you use WordPress for your website.
- Affiliates (free)
- Affiliates Manager (free)
- AffiliateWP (starting at $99)
- Ultimate Affiliate Pro ($59)
- Affiliate Royale (starting at $85)
13. Selling Memberships
Another great way to make money is to sell memberships. By providing members with special information or resources, you can make recurring revenue. In the design and development industries, there are various different ways to make money with membership websites.
Elegant Themes, a well-known leader in the premium WordPress theme market, is a good example. While most WordPress theme retailers sell individual themes, Elegant Themes uses a membership model to sell its themes, and they have over 600,000 customers.
ALSO READ: Leading Blogging Platforms
14. Offering a Service
Promoting a service is another excellent way to earn money from your website or blog, and there are a lot of ways to choose from. Whether you’re a consultant, a freelancer, or the owner of a small business (like a salon or spa), your website or blog can help you gain greater visibility for your services and, as a result, land more clients.
15. WordPress Plugins for Monetizing Your Site
There are a few plugins that don’t quite fit into any of the above categories for those of you who use WordPress. Each of these plugins has its own set of features that help you in earning money in some way.
Lasso – Using attractive callout boxes and buttons, Lasso helps your affiliate promotions stand out, get noticed, and generate more clicks.
AAWP: AAWP is the most advanced Amazon affiliate plugin available. You can design elegant and effective comparison tables, product lists, and product highlights.
16. Create Plugins or Addons
If you’re more of a coder than a designer, creating and selling plugins or extensions instead of templates or stock graphics can be a better fit. The market for WordPress plugins is huge, and there are endless possibilities for new plugins to be developed. In addition to WordPress plugins, certain platforms, such as Shopify, have a store where developers can sell their own addons.
You might sell your plugins on your own website or on a popular marketplace like CodeCanyon.
17. Creating Fonts
There is no such thing as having too many fonts for a designer. That means there is always the possibility of designing and selling fonts. Selling other forms of stock resources or templates follows a similar pattern. You can sell on your own website or through marketplaces such as GraphicRiver and Creative Market.
18. Product Reviews
This is a very easy and effective monetization technique for a blog. Why not write a review on a product that suits your specialty and will benefit your readers?
Are there any of the following:
- Books
- DVD’s
- Webinars
- Physical Products
- Online Services
19. Blogging Assignments
Blogging assignments are a fun way to earn money while trying new things and engaging with brands in your field. It’s also not about who you know, but about who you’ve helped. Which could be beneficial to you in the long run.
These assignments come in three main forms:
- Events
- Reviews
- Affiliates
20.Recommended Products
This isn’t the same as running a store or writing a product review. Instead, these are things that aid your reader in understanding – or are related to – the stuff they’ve just read.
Here are some examples to help you understand what I’m talking about:
- Have you ever written a post about how to tune your guitar? In the post, or at the end, recommend an electric tuner.
- Have you made a post on writing your first book? Give them a Scrivener affiliate link.
- Have you ever considered creating your own blog? At the bottom of the post, include an affiliate link to the theme you used.
21. Recommended Reads
Similar to recommended products, you can use this to recommend books, guides, or premium content that will be beneficial to your reader.
Simple amazon affiliate links and photos can also make it more accessible. Make sure it’s entirely relevant to the content you’re writing about, once again.
22. Hold A Live Online Workshop
It’s easy to come up with content for these:
- Consider a frequent question in your subject.
- Answer in your own unique way.
Think it a podcast – or a spoken blog article – with which your students can freely participate. Which, if they’re already reading your site, they’ll want to do.
It makes no difference how specialised your blog is. Alternatively, how little you believe people want to hear you speak. If they’re on your blog, you should create a workshop for them.
23. Then Sell The DVD’s or Recordings, Forever
Remember to record your own Online Workshop if you wish to do so. Because you now have a genuine product that you can resell over and over.
In other words, you’ve just launched your own passive revenue product. You did a fantastic job!
24. Rotate Your Buy In’s
Every online marketer – you, too, if you have a blog! – Their mailing list should have a ‘buy-in’. Something appealing that will entice them to join your mailing list in exchange for this fantastic product.
This is an extremely interesting method to make some money with this simple process:
- Make three different products.
- Make one of them your free purchase.
- Charge for the last two.
- Every few months, switch things up.
ALSO READ: Top 10 best marketing strategies.
25. Create A Product Bundle to make money from a Website
The more products you can bundle together for a ‘lower’ price, the better. This is a great method to monetize a site while also improving your readers’ opinion of you.
This is ideal for:
- Courses and eBooks
- Physical Products, such as the T-Shirt and Journal.
- Services and subscription packages
- Almost anything that makes sense to group together.
26. Sell your own eBooks
You’ll note that prominent bloggers’ business models revolve around selling their own items, such as eBooks.
All you have to do is choose a topic, write an eBook about it, and sell it on your blog or on Amazon. You can make a reasonable living selling eBooks online once you’ve become used to the procedure.
Furthermore, having your own product to sell is the ideal way to earn money in the long run.
27. Native Advertising
Native advertising has been one of the most popular ways to monetize your blog. Native advertising can be particularly profitable for news and job-related blogs.
A few native advertising options are worth your time and effort to adopt.
28. Sponsored Reviews
Paid reviews are an excellent method to increase your monthly earnings. A tiny review post can easily earn you $10 or more.
Here are a few websites to find paid reviews/sponsored content opportunities:
- Famebit (For YouTube channels)
- Izea Pay per post
- Tomoson
- Revcontent
29. Sell text-link ads
Text-link ads are still in high demand (believe it or not). However, keep in mind that these are in violation of Google’s Terms of Service (which means you run the risk of getting penalized).
Simply maintain the “nofollow” element in place to avoid it.
30. Set up “Infolinks”
Infolinks are an excellent alternative to AdSense ads because they are so simple to set up. The disadvantage is that they don’t convert well, and the payments (on a per-click basis) are low.
31. Use monetization widgets
They’re also extremely comparable to Google Adsense, so they’re worth a shot as a replacement.
32. Set up RSS feed ads
That’s exactly how they sound. Advertisement space for sale based on material from an RSS feed.
33. Give away premium content for an extra $$$
If you have great content that your visitors can’t get enough of, you can always charge them for some of it! Keep in mind that you shouldn’t expect individuals to pay immediately away. Instead, concentrate on increasing your audience and visits.
34. Start a private forum or coaching class(es)
Most of us have unique abilities that can benefit others. Setting up a basic forum or classes is a simple method to help people while also generating recurrent revenue.
35. Create a job board
When people accept multiple job offers from different companies or individuals, setting up a job board on your website is another simple, straightforward approach to make extra money.
36. Offer consulting
Offering consultancy services and other sources of ‘passive’ revenue can help you earn decent money quickly, although other forms of ‘passive’ revenue take longer to develop. These services can be offered via email, a forum, or even Skype.
37. Add the “hire me” page on your website
Your new website or blog is also an excellent way to promote your freelance work. Demonstrating examples or proof of previous work will greatly improve your chances of being recruited.
38. Sell or rent internal pages
These aren’t extremely prevalent, but you’d be astonished at what people are prepared to rent or pay for!
39. Display pop-ups advertisements
Pop-up windows can be incredibly irritating. They are, however, another simple option to generate money quickly.
40. Use content lockers
Material locking is the process of concealing or protecting content until a visitor takes action to redeem it. You might want them to pay a modest fee or click on an advertisement, for example.
41. Display audio ads
These are very new, but they’re getting more common.
42. Sell an e-book
It’s a no-brainer on this one. Many people use their websites to sell e-books. You may easily build and sell your own recipe book if you have a website dedicated to recipes and cooking. Almost every niche is the same way.
43. Create a conference around your website
There’s a lot of labour involved, but there’s also a large potential payout.
44. Set up a teaching program
It’s a hybrid of selling your own content and providing consulting or services.
45. Host paid webinars
This is similar to the last advice, which is mostly a blend of content consultation and a teaching programme.
46. Create a membership site
Another rung of the information business model with the added benefit of recurring revenue.
47. Offer coupons
(affiliate links included) – People are looking for discount and promotional coupons for everything from clothing to vacations. You can get a portion of the revenue if you can identify and supply a valid one.
48.Host polls on your website
It’s difficult to believe, yet it’s simple to accomplish!
49. Offer writing gigs
Writing for other companies or individuals might easily earn you $20 – $30 every 500-word piece. Many companies want their websites translated by native speakers, therefore there’s a lot of opportunity for fluent speakers of many languages.
50. Create a paid directory/business page
For listing or subscribing to the page, you charge a fee.
Final Words
Just copy what others are doing. Our personal favorite!
Please let us know if you know of any other ways to monetize websites in the comments area. We’ll include it in the list and give you credit by putting your name next to it.