Many people are making good money online. There are many
business ventures and opportunities available on the internet.
With some hard work and the right gig you will generate
lots of income. The financial reward could be residual, passive or substantial.
Many people make serious money online depending on the methods, traffic and
monetization techniques.
A tested way to generate income online is through your
blog or website. It takes lots of effort, perseverance and hard work to earn an
income.
With proper strategizing,
planning and understanding of different platforms you will succeed. The techniques
highlighted below cover a wide range of methods used by webmasters.
32
Ways to Monetize your Blog
1. Sell
Direct Advertising Space
A very lucrative monetization method is
selling direct advertisement space on your blog. You effectively bypass the
middleman and keep all the earnings.
The advertisements are displayed as
banners, text links, footer advertisement and on your sidebar. To effectively
sell space you need lots of traffic to your blog, followers and brand name.
Advertisers only use blogs that have good ranking and traffic statistics.
2. Pay
Per Click
There are a number of advertisement
networks that use pay per click advertisement. The webmaster signs up and
applies to such Advertisement networks.
Once accepted you implements a code on
your blog and advertisement are shown. The advertisements are from companies
using the services of the advertisement networks.
The top advertisement network is Google
Adsense. The advertisements displayed on your website by such networks should
be relevant to the content of your blog.
You get paid when someone clicks the
advertisement. The monetary values on the clicks vary from $0.10-$5.
Traffic and proper placement is the key
to pay per click advertisers if you want to generate hundreds of dollars. Before
you apply for adsense make sure you have lots of content, read the terms of
service and follow the rules.
Some major advertisement networks you can use are Google adsense, Chitika,
Clicksor and BidVertiser
3. Cost
Per Mile Advertisement
The webmaster earns income based on
impressions rather than clicks. Impressions are the number of page views you
get from visitors to your website.
Websites with huge traffic make lots of
money through cost per mile advertisement. A monetary sum is calculated per
every 1000 impressions so the more visitors the more money you make.
4. Text
Link Advertisement
Text link advertisement offers a non
intrusive way to monetize your website. You place text advertisement within
text on your website. To use this service you need to sign up with text link
providers.
5. Affiliate
Marketing
Affiliate marketing allows webmaster add
affiliate products to their website. You sign up with an affiliate network get
a unique link and place it on your website.
The link could be image or text based.
Once a visitor to your website clicks on the link they will be taken to the
product or service.
Affiliate marketers earn commission on
sales. The amount of commission varies on the provider, product price and
percentage offered. Top affiliate networks to consider are ShareASale,
Commission Junction and Clickbank.
6. Sell
you Website
Some people make lots of money selling
websites. You can build a website primarily for sale.
There are two kinds of websites you can
sell. New site less than three months old or older websites. Websites older
than one year with lots of traffic and visible monetization methods attract
good prices.
Such websites have been sold from $1000
up to $100,000.
7. Flipping
Websites
Similar to building and selling your
website you can buy and sell website. You buy already established websites
build it up a little and sell.
You need to know what you are doing to
flip websites.
8. Buying
and Selling Domain Names
Domain names are the real estate of the
internet. Every website or blog has some type of domain name or the other.
There are domain names and sub domain
names. A domain name trader finds top domain names buys and sells them for
profit.
They can also create new domain names
and sell. A website we can recommend that handle buying and selling of websites
and domain names is flippa.
9. Donations
Donations provide an alternative source
of income for webmasters. Some small website owners use donations to raise
funds to maintain their blogs. To get donations implement PayPal donate now
button on your website. The visitors to your website can donate any amount they
wish.
10.
Membership Websites
Websites offer visitors premium
membership for a fee. They offer their subscribers added value and service in
line with content found on such websites. Websites that use this format are
usually digital download sites.
11.
Accept Sponsored Post
Feature sponsored posts and reviews
relevant to your content. Many companies are ready to pay for such services
because they leverage on the popularity of your website.
12.
Build an E-commerce Website
You can sell other peoples products on
an e-commerce website. This business technique is difficult because of the
proliferation of e-commerce websites online. To attract customers to the
products displayed on your site use SEO techniques.
13.
Build a Web Directory
Websites list their sites on a web
directory. The higher your PR rating the more websites will use your services.
This monetization method is difficult
because you need to build a powerful directory. Paid directory listing works
when a website owner pays you to list their site on your directory
14.
Use Classified Websites
You can make money selling items through
online classified websites. There is no limit to the type of product or service
you can offer.
You can use free classified websites
such as olx.com to make sales. Classified websites work when an advertiser
places an advert on the website.
The person includes image, description,
price, location and phone number.
Sell household items, used items or
craft works.
15.
Sell Digital Product
You can sell digital products from other
publishers on your website. Sign up as an affiliate and get a link to place the
product on your website.
The good part about selling digital
products is that you can create and sell your own products. This technique
helps you keep hundred percent the profit.
16.
Offer Freelance Writing Services
To offer freelance writing services for
a fee add hire me page to your website. The content of you website effectively
sells your writing skill.
Visitors interested in original content
could contact you through your hire me page. You negotiate fees and get paid
before, during or after submission.
17.
Display Pop up Advertisement.
Many web master use popup advertisement
to make money on their website. Pop up advertisements are served through
advertisement networks to your bog. Many people hate pop up adverts because
they are annoying and intrusive.
18.
Sell ebooks
A good monetization method is selling
ebooks. Ebooks are digital books read on PCs and Smartphone’s. There are many
affiliate publishers selling their books. There are over 1,000,000 ebooks on
offer in various self publishing websites.
19.
Online Tutorials
You can set up a teaching program and
offer lessons to students. Create a study schedule topic and use videos and
assignments. If your course is relevant and tailored to the expectation of your
students you will earn good income.
20.
Consultancy Service
Offer your visitors consultancy services
based on your niche. You need to build a reputation and have a following to
cash in on this service.
Consultants have many resources such as
sms, mms, Skype, direct phone calls and email service.
You fix your charges and decide the mode
of communication. You can also offer one-on one consultancy services.
Other
Monetization Methods
Other monetization methods to consider are listed below.
21. Sell your own Customized Templates or Themes
22. Job
Boards or Vacancy websites make lots of money
23. Use
email marketing to generate income
24. Start
a Private Forum
25. Host
a Webinar or online workshops
26. Information
market involves writing a tutorial or guide for sale
27. Create
and Sell your own product
28. Place
advertisement on your RRS feed
29. In-Text-Advertisement
30. Use
Advertising Widgets
31. Write
a hardback book and sell from your website
32. Live
workshops
0 comments:
Post a Comment