Proven Ways To Monetize a Website Easily
One of the best ways to make passive income online is by owning a valuable website. It is not a myth, but the truth is you would need to put in a lot of hard work and a bit of luck to succeed. How much you will make by monetizing a website depends on various factors.
- The amount of traffic on a website.
- The quality of traffic (their nationality, buying capacity, and others)
- Trust of visitors on the website.
- The methods are chosen to monetize a website.
Generally, it can take anywhere from 6 months to a year to see your first income from your website. There are certain exceptions, especially, if you are running paid ads or promoting your website through an established social media accounts with lots of following.
All that being said, you must select the best ways to monetize a website so you can generate maximum revenue without hurting the reputation of your website. We have compiled a list of ways to monetize your website. All of them might not be suitable for your website, but try to implement those which you can.
Although this is a great list to start from, we highly recommend checking out Chealsea at HerPaperRoute because she’s sold over half a million monetized blogs!
1. Pay Per Click Advertisements
The most common way to monetize a website is by running PPC advertisements. When a visitor views or clicks an advertisement, you would get paid.
How much you would get paid per click depends on the platform you are running ads through and the cost per thousand impressions (CPM) the ad network is offering.
Some of the best platforms that you can register your website with are mentioned below.
- Google Adsense
Keep in mind that all these platforms have specific requirements that you would need to meet. When they approve your website you would start making money for ads impression and clicks.
2. Sell Ad space
The problem with relying on platforms like Google Adsense is that you get very little money for your traffic. If you can directly rent specific space on your website to advertisers, you can earn significantly more.
To be able to do that, you would need to prove that your traffic converts to companies. You can find relevant companies that would likely pay you higher for selling ad space by running paid ads or through a direct approach in LinkedIn.
This method of monetization requires a lot of effort but in the end, the profits are worth the troubles.
3. Include Affiliate Products
We strongly believe for beginners the best way to monetize a website is by including affiliate links. Affiliates get a commission from other companies when someone purchases anything through their link.
It is amazing for beginners because it is very easy to get started with zero upfront investment in most cases. You can include links to both digital and physical products on your website.
To make sure that you retain the trust of your audience include affiliate disclaimers and only promote products that are helpful to your audience.
We really love ShareASale and so does hundreds of other companies!
ShareASale is a digital affiliate marketing network. The company was founded in 2000 by Brian Littleton and has its headquarters in Chicago, United States.
Over the years, ShareASale has grown to become one of the largest and most trusted affiliate marketing networks in the world. ShareASale has more than 700,000 affiliates, over 1900 merchants, and more than 4,000 affiliate programs you can promote as an affiliate.
As you can see, the platform has a huge collection of high-quality products that you can promote as an affiliate. You can read more details about what ShareASale is here.
4. Sell Ebooks
Selling Ebooks is a very common way to make money from your website. To be able to do that you would need to study your audience and understand their pain points. A blog helps by providing value to your audience, but an eBook is even better.
In an eBook, your audience can get a step-by-step guide and know more details about something. You would need to position the eBook nicely on your website and price it reasonably for it to sell quickly.
One of the advantages of selling eBooks through your website is that you don’t have to worry about delivery as it is fully automated.
5. Sell Courses
This method of monetization of a website is almost identical to selling an eBook. Instead of writing an eBook, you would need to create a course in the form of videos. You would need to structure the course professionally so people feel the need to buy your course.
Although, it takes more time and effort to make a course compared to an eBook the profitability is higher as well. Also, courses get sold much faster than eBooks as people love to consume video content more.
6. Monetize your email list
If you have not started building an email list, you should start doing it now. There are many advantages of doing email marketing which include boosting your revenue and establishing your authority.
You can sell the email leads that you are collecting from your website to companies that want to promote their offers to your subscribers. For example, the leads collected from a website that teaches people about state laws can be sold to law firms.
The amount of money you can make depends on the niche of your website for this monetization method. We won’t suggest fully relying on it, but it is a nice cherry on the top which works well with other revenue streams.
Try Convertkit for free for 30 days with this link.
Here is another 10 ways email marketing can benefit your business!
7. Do Dropshipping
Dropshipping is a very common way to make money with your website. It is preferred by many people because it eliminates the most tiresome tasks of eCommerce like managing inventory, delivery, and fulfillment.
If you are getting consistent traffic who trusts you, then you should get started with dropshipping today. All you need to do is set up an eCommerce shop on your website and find a suitable vendor who will do the heavy lifting for you.
8. Do Sponsored Posts
Brands are always looking for high authority websites that are trusted by the audience to promote their services and products. You can reach out to brands in your niche and negotiate a sweet deal to do sponsored posts for them.
There are certain things you would need to keep in mind before you start doing sponsored posts. The reputation of the brand, how much you should charge, would you create the content as well, are some of the most important factors that you need to consider.
How much money you should charge per post completely depends on your traffic and the influence you have on your audience.
9. Create Premium Memberships
If you are wondering how to monetize a website, one of the simplest answers would be to gate some of your exclusive content for paid users. This method is applied by newspapers and magazines which you can apply as well.
The most common way to create premium memberships is by offering monthly subscription plans to your audience for accessing your content. You can generate more revenue if you add a reduced price for a one-year subscription or offer discounts on special occasions.
10. Sell Coaching Services
When you are ready to step up your game, setting up a coaching service is the best step you can take to monetize your website. It won’t work for every niche, but if you can teach your audience something valuable, then this is for you.
You would need to tell your audience what value you can add to their life and exactly how you would do it. Create a landing page on your website that has your expertise listed, student testimonials, and a call to action.
Coaching service is a bit different from courses as you have to actively teach your students. However, you can much more for coaching services and create a personal connection with your mentee.
11. Consultation Services
When you have established high authority in your niche, you can start giving consultancy services to brands and charge a hefty fee for that. Brands are ready to pay you as an expert to solve a particular problem for them.
Depending on the niche you are in and your level of expertise, you can charge even thousands of dollars for a one-hour session. It would take time and effort to build this level of authority, but many industry leaders are doing it and so can you.
12. Sell Your Website
Okay, we agree this might sound a bit confusing and this is a very different way of monetizing your website. When you have hacked the skill of making a website grow quickly, and monetizing it, then you can keep building new websites and sell them.
Many bloggers do that when they have mastered the art of getting traffic on their websites. You can check out websites like Flippa, Empire Flippers, and others to get an idea about the price of a website and the factors the price depends on.
Mainly the price of a website depends on the following factors.
- Visitors on the website.
- Revenue generated by the website.
- The consistent growth of traffic.
- Revenue growth.
You can also buy a website and increase the revenue when you get really good at this. You won’t have to work on a website from scratch at that point.
There are many ways to monetize a website and new ways are being invented regularly. If you are thinking about building a new website, then know that the possibilities to make money are limitless. We hope our list gave you some ideas to add new revenue streams even if you already own a website.