The best 7 ways to make money with your website. Learn how to monetize your website.
Once your website is live, how do you make money with it? We’ve listed some of the best ways to monetize your website, below.
“It is quite easy to create a website nowadays, but more importantly it is possible to make money with your website.”
When your website is live, it offers multiple ways to make money. There’s an endless stream of opportunities to monetize your site. Committed bloggers can pick one or two of the ways listed below to focus on. Firstly, check which of the methods best resonate with your website. Then, simply follow the tips and research more about those particular methods. You’ll be making money from your website, in a short span of time.
How to make money from a website?
Here are some of the best ways you can monetize your website.
1. Affiliate Marketing
When you promote a service or product to the visitors on your website, you are an affiliate. In return, you receive a commission if any sale is successful through your link. There are numerous affiliate programs you can join. These include major brands like Amazon, Expedia, EE, and ASOS. You can join the Awin network to access numerous affiliate programs.
All you need to do is join Awin and then include the link provided by them (the affiliate link), whenever you mention a product on your website. The product must be from the partners chosen by you. Your visitors can check out the product through your link. If they make a purchase, you get a commission.
Alternatively, you can sign up for the Amazon Affiliate program too.
2. Use skim links
Mostly, Skimlinks aligns with other affiliate networks like Awin. If purchases are made through the links available on your website, you earn a commission. Yet, there is a key difference. Skimlinks allows you to create individual affiliate links as per your requirements. You can also automatically monetize the content on your website by installing Skimlinks on it.
Skimlinks automatically convert the links on a merchant into an affiliate link, once you add it to content that’s part of their network. You receive a commission ranging between 2-10% if any sale is made via the links you post.
3. Banner Advertisements on Website
You can use Media.net or Google Adsense to set up network adverts easily on your website. All you need to do is copy and paste the code into your website. The website will then display relevant ads as per the recent search of your visitors.
If you’re a blogger looking forward to monetizing your content, you can also try Taboola. The platform displays relevant articles from network advertisers instead of ad banners.
Every time a visitor clicks on the ad, you get paid (CPC or cost per click). There is also another form of payment i.e. CPM or cost per impression which pays per 1,000 impressions.
Another way to monetize your content is by selling banner adverts directly to brands that offer relevant services or products. This option offers a more profitable way to monetize your website. Your audience is the target for specific advertisers, hence, they’ll offer you higher rates compared to CPC and CPM ads. It also allows you to set your rates.
4. Accepting Sponsored Articles or Posts
Also known as advertorials, sponsored posts are adverts published as an article. They usually contain a link to the advertiser’s website. There can be two forms of this arrangement. The first is, the advertiser sends you an article and you simply publish it on the website. The second helps you charge more. You not only publish the content but write it two. You’re paid more as you charge for your time spent on writing the article.
Depending on the site quality, traffic, and domain authority, you can charge between USD 40 – USD 250+ per sponsored post.
Advertisers usually look for potential websites on blogger network groups on Facebook. Hence, it is advisable to join such groups if you want to get noticed. One thing you must note is that as per advertising regulation if you are paid for any article published on your website, you must mention it as a ‘sponsored post’. You can write this anywhere on the page to notify visitors that a third party is paying you for publishing the content.
5. Reviewing Products
If your website revolves around a niche domain, industry, or set of services, you have a specific target audience too. It can be gamers, parents, bakers, hikers, or any audience with a common link. You can board the product testing train even if your audience is not from a specific pool. Yet, if it is, you’ll engage your readers more. You get the products, try them and then write an honest review. Brands often send freebies to product reviewers and often pay them too for favorable reviews. As long as you attract more eyeballs for a brand, you’re gold to them.
To receive the latest opportunities, you can sign up with SurveyBods or Toluna. You may alternatively approach the marketing teams too.
6. Publishing Premium Content or Membership
If your content is incredibly useful, engaging, and adds value, it has the potential of becoming an earning opportunity. For instance, if you have a gaming website. You might be a gaming expert. You may be aware of some strategies which are not widely known. You can share a sneak peek to hook your readers. Further, link the article to a password-protected page. You can easily find this option on WordPress. This page shall have the most important information.
You can then charge your visitors using PayPal for unlocking the premium content. After paying a fee, the reader receives the password to unlock. You are free to charge as per your wish. Yet, for any premium article, a realistic price varies between $5-$20.
On the other hand, you can also have a membership offer. You might have seen the same in the case of popular media outlets like The Times and The Telegraph. It has some benefits, otherwise, why would such huge brands use this strategy?
Using bbPress, which is a free WordPress plugin, you can add a ‘members only’ forum to your blog or website. By charging a one-time access fee or regular monthly/ quarterly/ annual subscriptions, you can monetize this forum.
The amount you can make via membership or premium content depends on the value you create for the visitors and readers on your website. You’ll be extremely successful if you can turn the members into a community that shares tips and networks.
7. Offer Some Services or Products
If your website gets good traffic, you can try selling products or your services. Offering services is a better option as it usually does not require an upfront financial investment.
You can create an add-on for your website as an online course. This is again a form of premium paid content. Your site visitors can pay you for assessing courses and ebooks. You can add the course to Udemy if you wish to capture a wide audience base. On the other hand, you can also deliver it automatically into the mailbox of your subscribers via AWeber. If you need inspiration, you can check out other online courses. You just need to brainstorm about the interests of your readers. For instance, if your website is about digital marketing or content marketing, you can create basic courses for content writing, SEO, or digital marketing.
Once you’ve created a course or an ebook, you can also roll out an affiliate program. You recruit other people to spread information about your course and give them a commission on each sale. This way, you can direct more traffic to your website and also increase your sales. It is lucrative. The best part is that numerous WordPress plugins can help you during your journey.
Alternatively, you can create a ‘Hire Me’ page as well. When you start working on your website, you build your knowledge. You may be venturing into something you already know. On the other hand, the subject may be entirely new to you. Either way, you’ll develop some skills and learn more. To start with, you can offer freelance writing and blogging services using your ‘hire me page. Beyond displaying them on your website, you can also offer services via Freelancer or Upwork. Freelance writers make good money, especially if they have expertise in a niche subject. Your blog can work as your sample content for the industry or niche. You may alternatively offer services as a developer or some physical service in the surrounding region.
You can use any channel, service, or mode for monetizing your website and the published content. Yet, you must realize that monetizing a website takes time and effort. You need to publish content regularly and engage with your audience. Make sure you also promote vigorously so that your website receives more traffic. Traffic and domain authority highly affect the financial worth of your website.