Building and publishing a website is one thing, but making money from it is another thing. Most website owners don’t know how to monetize their sites and earn from them.
There are many different ways of generating income from a site. Let’s review 5 tips that will help you make money from your website:
1. Affiliate Marketing
This is a great way to monetize your website. Basically, build a website on a particular topic, say beauty and then find affiliate programs with products relating to beauty such as perfumes, hair food, skin products and the like. You then have to make blog post reviews of these products and insert affiliate links of the products within your articles.
These links lead your readers to the product page where they can make a purchase. If they do make a purchase through your affiliate links, you earn a commission from every sale made. Commissions vary in percentage depending on the affiliate program you enroll to.
Sites like ClickBank, Skimlinks, ShareASale, Affiliate Window are examples of online companies with affiliate programs you can join.
2. Pay Per Click Advertising
In this system, you earn money from every click people make on ads on your website. You simply sign up to an ad provider who then presents you with codes which you then place on your site. The provider sends text or image-based contextual ads to your website that correlates with the content on it.
To earn more, you’ll need a lot of traffic on your website. The more the people who click on the ads on your site, the more you earn.
Some examples of sites offering Pay Per Click ads include Google AdSense, Bidvertiser, and Clicksor.
3. Offering Advertising Space
Another way to make money from your website is through selling space on it to advertisers for them to display their banners. You determine the price that the advertiser will pay to advertise on your site.
You are in charge of managing the whole process and you’ll need to have a huge amount of traffic for you to have potential advertisers reaching out to you to strike an advertising deal with you. This method of monetizing your website is actually very lucrative.
4. Hosting Online Webinars
Webinars are live workshops or seminars done online. People enroll in webinars to hear you talk on a subject they may be interested in that you have knowledge of, say Bitcoin for example.
You can create an email list from your website using software like AWeber, market your webinar to people via email marketing, have them attend it, interact with them, then market the products or services you have on your website and have them go to over to your site and make purchases. This way you make money from your website.
5. Selling Courses On Your Website
If you’re skilled in an area, say drawing, you can create an online course where you teach people on how to draw. You can charge a premium fee for the course where people can enroll and learn from you. Your course can be in form of video tutorials or podcasts broken down into categories and chapters.