In this post, let us explore 5 various ways on how you can monetize your website. However, before anything else, the first requisite that you need to focus on is to have a website and to improve it in such a way that it can really generate income for you.
I am talking about adding great and relevant content, making your website user-friendly and easy to navigate, and increasing its online presence and visibility.
1. Placing ads on your website
When it comes to online marketing, it is not a great surprise to see many ads flying all over many websites. Most businesses come to life because of ads they place to other websites and affiliates. For this reason, advertisement is a great avenue for you to start earning money.
The money you earn through advertisements may vary and will greatly depend upon many factors such as the number of traffic in your website, the quality of your website, the quality of ads, and others.
I believe that most start-up websites fail to earn more from this method because they tend to get discouraged when they see no income is coming in for the first few months and even years after starting!
2. Affiliate programs
Next to advertising, the most popular way to earn from your website is through affiliate programs. So how does this work? It is like you take a product, promote, and sell it to other people.
When that product is sold through your website, then you can keep a certain percentage of the selling price. Some of the best money making sites and affiliate programs that you should work with are LinkShare, ShareASale, Commission Junction, Google Affiliate Network, Amazon Associates, PeerFly.com, ClixGalore, ClickBank, Neverblue.com, and MaxBounty.
3. Sell your ability and services
If advertisement and affiliate program do not work for you, then you can turn to your skills and knowledge to make it big in the online arena. Today, more and more professionals are going to the Internet to sell what they know.
You can charge a few dollars to a hundred per hour depending upon the quality of your consultation. So determine your knowledge and skills today. It can be about cooking, fitness training, guitar lesson, tutoring kids, writing, researching, and many others
4. Selling hard goods
You can transform your knowledge and skills into something tangible that people will love to enjoy. Through your website, you can promote your own products and sell it according to your preference and need.
There are many things that you can sell. It can be your own eBook, old stuff lying in your house, secondhand gadgets, brand new products, handmade arts and crafts, and a lot more.
You just need creativity and the ability to identify things that you can potentially sell online.
5. Connect offline store to your website
If you are already an entrepreneur and seeking to expand your market size, then you need to bring your business online. It is no secret that most successful business establishments are now working online to get more customers.
Though it is very difficult at first depending upon the energy, time, and resources you are willing to sacrifice, all these will be worth it as you begin to harvest the fruit of your labor in the future.
