With every website or blog, you can easily earn money by knowing how to monetize it. This article summarizes 7 best ways to generate income and provides tips on how to earn a higher income.
But do not just concentrate on a high income. Focus on the quality of your website and blog and the wise use of revenue generation methods. In the long term, this pays off and you earn a lot from your website.
You can choose from many methods to generate revenue from your website. Depending on your website, different methods may work better than others. The best tricks for how to monetize a food blog are different than that of an e-commerce site. These are all options that allow you to make money online or get more income from your website.
Keep reading to see how you can efficiently achieve this.
For many people, this is one of the easiest and most common ways to make money online. Unlike premium graphic ads, AdSense lets you show ads on your site, even if your audience has not grown and you are new in the market.
When you sign up for AdSense and your site is approved, just add a small code to your site and AdSense ads will appear. When a visitor clicks on an ad, they earn a percentage of the value of that click for Google. The amount of money you gain depends upon the types of ads posted on your website.
2.Affiliate and Native Marketing
If you are satisfied with any of these options, you can try affiliate marketing, paid publications, or native advertising to generate cash flow.
When you become a partner, you will find products and services that you like. Advertise these products or services on your website or blog by adding an “affiliate link” to the publications you mention them in. If visitors click on the affiliate link and make a purchase, you will receive a commission.
Popular affiliate marketing programs include ClickBank, Commission Junction, Share-A-Sale, and Amazon. Paid publications and native advertising are usually in the form of “sponsored content” that an advertiser has paid to appear on their website. They are often comparable to infomercials that connect their products or services.
When properly executed, this method can supplement your normal content with a small “extra” that matches what you already do. For example, a positive evaluation of a product that has already paid off.
Native ads may range from content written entirely by the advertiser, whom you authorize on the site with permission, to obvious “advertising messages” that promote something that your audience criticizes. You must specify by law which positions are to be purchased and paid. If you are honest with your audience, they can improve the site (rather than sell yourself for money).
If you want to use the native advertising method, you can try the direct route. This means you need to contact your contacts with advertisers you already know. You can also contact specialists such as Native and Sharethrough. They have native billboards that connect websites of interested publishers with potential advertisers.
3.Monetization by Accepting Donations
This method includes the knowledge you have acquired and the creative content you publish.
If your content is valuable and you need help building your site, you can politely ask for donations. Not all readers donate, but if you have enough traffic, you can earn enough money to run your website.
You can configure donation buttons on your site so readers can contribute directly. Link them to payment providers like PayPal, Stripe etc. Add the buttons as widgets and place them anywhere. But make sure readers can access them easily.
4.Post Sponsored Content
There are many providers who pay bloggers to write positive reviews on their products or services. It’s a good strategy to generate revenue. Advertising on third-party websites is often even more credible because consumers do not consider them as direct mail.
In addition, informative and interesting sponsored content is also useful for your website as it provides interesting content.
The amount you can charge for such sponsored content depends entirely on the popularity of your website, the number of contacts you have on social networks, and the actual effectiveness of your content.
5.Flip Your Websites (Create -> Sell -> Reinvest)
Sell your website. Believe it or not, there is almost always a market for your website. This means that once you have created a target audience, you can sell them to another person and make quick money.
You cannot deny how lucrative it can be to sell a website, but selling it also means you’ll have to start from scratch on a new one. For example, if your site generates $ 500 a month to sell ad space, you can sell it for $ 5,000 to $ 10,000. Consider the short term vs long term goals you have for the site before selling.
6.Selling Rights to Retarget Your Traffic
This option is relatively new and allows you to earn money from the traffic of your website or blog without altering the experience of your visitors, even after the departure of your visitors.
If you’ve already searched for a product and considered a purchase and then found that the ads for this product follow you on the Internet, it’s a retargeting. On one of the websites he visited, a tracking cookie was placed in his browser that could place other tracking ads to encourage him to return and complete the sale.
If you sell the right to redirect your traffic, insert a small code on your site. This code allows other advertisers to bid to redirect their website traffic. Then you will be paid for this retargeting. The main provider of this service is currently repixel.co.
This method is relatively new and does not work for all websites. But even if your display ads are your most important source of income, it’s always good to have additional revenue streams. This is called overlapping income. And because it does not disturb the visitor’s experience, it can be a good source of extra income.