There is so many many ways to flow money to your Bank Account with a blog or a website. If you thinking about to monetize your site, then this articles is the right one.
Let’s discuss all the strategies & methods that the most people use to generate their websites into incomes. In the end of this article you will be aware there is only need patience, knowledge, and the right tools to convert your website into a cash mechine.
Generally, most people used to make income use their website by
- Selling their own stuff (services, products of their making both digital & non-digital, eBooks and other premium content)
- Advertising & Affiliate (selling and promoting services and products made by others)
At the end of it all, it comes down to one of aforementioned two – You either sell your products and services or you can act as a conduit for the sale of another’s product or services.
Let’s look at how you can monetize your blog or site.
Sell Advertising Space
You can sell advertising space in the form of banner adverts to businesses and people. It isn’t quite that simple though, you get paid differently by different advertisers.
Banner in the sidebar is usually we seen in most websites, so people come to your website and pay you for place their ads in your website. But, it isn’t that simple mostly, there is still different ways than traditional way.
CPM – Pay Per Impression Advertising
You may get paid beetwen $1 -$ 7 or more per thousand impressions. The example of this is BuySellAds. Yeah, this means you will receives revenue when you generate impressions for the sponsors. Get impressions is a long way but worthy to try 🙂
PPC – Pay Per Click Advertising
Basically it paid only if ypur ads get clicked by your visitors. Google AdSense, The Blogger Network, Rev Content, Undertone and AdBlade are few of the examples of PPC model of advertisement. You make pennies every time someone clicks on a banner or link. It generally works out to a higher amount per click when compared to CPM but it might depend on your niche.
It means you will refers a someone else’s product or service to your websites visitors
How does affiliate marketing work?
Promote a product on your website, your visitor who thinks it a solution to their problem or desires, and purchase the product. Usually after a purchase you will get percentage or fixed commision. It because you act like a sales or a middleman to sponsor’s product, and someone buy from your website/ link.
Affiliate Marketing will work best if only your site’s niche suitable with product or service you offer. Will be lack effective if in example your website is about a grandpa topics but you sell a skateboard to your websites.
MyThemeShop offers 70% commission on any new customer you bring to them. We use their affiliate program on our website and highly recommend it.
In comparison, Elegant Themes offer a 50% commission and StudioPress offer a commission of 35%. If either of them had sales exceeding MyThemeShop by a great extent, they will make for better affiliate options but given that there isn’t too much of a difference, you will be better of using all affiliate programs. This way you can present your readers with multiple choices.
Why the example specific to the wordpress theme or wordpress niche? Because I write it in the website that familiar with wordpress topics. This is also the real example of how to do the right Affiliate Program, because if your product you promote too far with your websites niche, absolutely it will lack effective and chance to get income from product you refer is also small.
Sell Your Product/Service
Based on my experience, generate a revenue will be so much effective if you projecting yourself or something you know best. No one better knowing about the product than the creator itself, because sometimes it will be so easy to prove you know your own stuff. In example, writer in this websites also a website designer + developer, especially in WordPress. So, we write about wordpress, from our website we gets a lot of interaction, so far a lot of interaction bring us a pretty good numbers of clients who want to customize their wordpress website.
Projecting yourself as a domain expert is crucial as it is what your site relies on to generate revenue. It is aided by creating products in that particular niche or in the alternative offering services in the same niche or even a related niche.
Of course this works both ways web developer turns writer and the otherway around, the same is applicable to any niche.
Offer Sponsored Reviews
A reasonable clout and suitable niche websites often receive request from others businesses to review their product or services. You can offer a fee everytime other business asking to review their products.
I can’t use this website as example since we don’t offer a sponsored review yet because our bustle in our wordpress customization service. But most websites outside have a sponsored review section. Let’s take Colorlib as example. Colorlib offer paid reviews at $360 to every businesses who want paid reviews from them, usually who need paid reviews from colorlib is wordpress theme creator.
Colorlib said that they also get other benefit than cash for reviewing product, that benefit is review content generally tends to be in depth content about specific products which is almost all readers love it.
Oh wait, my coffee getting cold.
For now I think it’s an enough example on how create some incomes from your websites. You can consider which way to give the maximum income from the example I write before. Next time I will post another way to Maximize your income using websites.
Meet you in second part 🙂