Want to start making money on your own and be financially buoyant? The internet has made it easier to make money online without having to leave your home. The past few years have seen a lot of changes to how you can make money online, and owning a website has never been more profitable than now.
There are numerous ways by which you can generate good income for yourself from your website in 2019. It will interest you to know that some bloggers earn up to$100k + from their websites. How is this even possible?
There are several ways by which you can monetize your website, so also are there are several factors that determine how much you can earn. Besides, your earnings are limited to the effort that you put in your website. Likewise, traffic is a major factor in making good money from your website.
Traffic is the number of unique visitors that you get on your site daily: the higher your traffic, the higher your chances of making money. Therefore, you have to first work on building traffic before you can get started.
Ways to Monetize Your Website
Below are ways in which different websites owners have been earning from their website that you can also benefit from.
1. Product Selling
Product selling is also known as eCommerce. This is an excellent way to earn money from your website. You can use your website platform to sell a product. Before you decide to start selling a product on your website, you must first determine what product you want to sell. The next thing will be to identify your customers.
After you must have followed these two steps, every other thing will be easy to do. Many product sellers have a blog section on their sites, where they post relevant articles to the product that they are selling. This article will be used to attract potential customers to the site.
Before you can start selling products online, you must first build a website with eCommerce functionality. Shopify is what most eCommerce site use.
2. Affiliate Marketing
Affiliate marketing is undoubtedly one of the most popular ways to make money from your site, besides many consider it to be one of the quickest.
You start by registering for an affiliate program for a product that you like that will also appeal to your visitors. As many other bloggers do, you can write reviews about these products, and how your visitors stand to benefit from these products.
After which you drop your affiliate link. For every purchase made with your link, you have a cut/commission. The percentage of your commission could be from 30% to 50%, and it can be more depending on what deal you have.
3. Google Adsense, or pay per click
AdWords are ads that appear at the top of google result search pages. However, AdSense is the opposite, and it allows bloggers and other website owners register into google ads network so that many other google advertisements can be displaying on your website. The fantastic part of this is how simple it is to set up your Google Adsense account.
After signing up and setting your account, Google will put a code on your website, and this code will automatically identify the contents of your site/blog before displaying relevant ads. For an instant, if you own a gadget blog, Google will display ads that relate to gadgets and not drugs ads or other unrelated products. This is because people who visit your site are there to see the gadgets that they can buy or add to their wish list.
So, if they see an ad that is displaying a gadget, it will prompt them to click the advertisement instead of ignoring it. Google pays you for each unique click from your website. You can get from $0.50 to $5.0 from every click.
4. Ad Space
Another way bloggers and website owners earn is by selling ad space on their website to companies. You can charge any amount for this, but the price mostly depends on the number of visitors that you get every month. You can sell different ad space for different prices. For instance, banner ads for sidebar can cost $xx.xx per month.
Typically, the price is quoted per 100 impressions that you get – or CPM. You might get $10 CPM. So, if you get 100,000 visits in a month, that translates to $1 000.
5. Accepting Donations from Visitors
If you have a strong influence on your visitors with a well-engaged community, you can ask them to donate to keep enjoying your contents.
6. Sponsored Posts
After building an active and well-engaged community on your site, with a good number of monthly visitors, there are even more ways that you can earn.
Many companies are looking for ways to increase their sales/customers, so they can pay you to feature their sponsored contents since you already have an established online community with a good number of visitors.
Likewise, you can review Products for these companies, and turn your readers to their customers.
7. Offer Consultation Services
You can offer consultation services to your readers in exchange for cash. For example, if you own a fashion blog, you can allow your readers to consult you on fashion-related issues. If you have a reader who has a dinner date but doesn’t know what to wear, you can offer your advice and suggestion in exchange for some dollars.
8. Add A ‘hire me link’ To Your Website
You can feature your freelancing expertise and market yourself to your users. You can offer to sell your writing gigs and easily make money. Your loyal readers already trust you to some extent, so hiring you for their next writing project will come quickly.
9. Start a Private Coaching/Forum
If you have a unique skill that can benefit others, you make money from it. You can do this by telling interested visitors to subscribe to the private forum.
10. Build an Email List
The common saying, ‘there is money in the list’ refers to your email list. This list consists of your most visitors. The aim is to make all new visitors to frequent readers who want to visit your site daily to read your latest post.
There are several other ways to monetize your website. Identify the ones that appeal to you most, and back them up with hard work and dedication. It is only a matter of time before you begin to earn big from your website.