Do you have a Wordpress, Wix or any other site? Do you use this for e-commerce, blogging, or product information? If you are looking for more ways to make your site earn, then this is the article for you.
In the guide below, we will share with you some of the best ways to monetize your website. We all know that different revenue generating streams are important nowadays.
Below are some options but we don’t recommend you do them all at once. Just focus on one option first so you can see what will and will not work for you.
If you get a lot of website traffic (around 5,000 website traffic per month) then this could be an option for you. With affiliate marketing programs you promote a product or service to visitors and for every purchase made through your website you earn commissions.
There are a lot of ways to do this, you can partner with other websites that provide affiliate marketing services. After signing up, you just have to include the link when mentioning products from your affiliate partners.
Easy right? But let us remind you that you also need to be very discerning when adding affiliate links as you don’t want to damage your reputation or your website’s Domain Authority.
If you have a product whether physical or digital then it’s best to have an online presence where you can sell it. Your website is one of the best places to do it because it’s potential to target a wide range of consumers locally and globally. Also, this doesn’t require continuous content creation like blog posts.
Selling physical products online could come from your own products or you can also sell via drop shipping. These two viable options will help you generate income from your website.
You can also sell digital products like e-books, audio books applications, downloadables, . You can share your expertise into guides and then sell them online.
Both options would require a lot of hard work but in the end will also help you generate more profits.
If you already have a website, this could be as simple as dedicating an area in your website where you provide extra value to your subscribers. Sample of this service could be:
One of the biggest regrets of most online business is not capturing visitor data and not creating an email list sooner. Having that email list will ensure you a constant communication with your potential market even after they’ve left your site. You can email them a list of recommended products they might be interested in and use Affiliate Marketing and earn commissions if they purchase something.
This approach will even be beneficial if you have your own products and services. This way you can always remind the visitors of your products or even introduce new products when available.
This will also come in handy if you have a growing readership or subscriber base. You can negotiate sponsorship deals with other companies that are in need of:
This approach is highly dependent on the number of followers you have. So it’s better if you start building that subscriber base today.
Gated content is one of the best ways to monetize your website. If you have hundreds of content in your website and you get to engage a lot of people, then you can capitalize on a “Subscribers Only” content.
To differentiate this from your other content, you can capitalize on more engaging content formats like audibles or even video content like what other online learning websites are doing.
There are a lot of ways to do this and you shouldn’t limit your imagination to what you can’t do. Everyone has something they are particularly good at and it’s just a matter of finding a way to connect with someone who needs that particular expertise.
You can create spin off ideas and create a digital version of what your are currently doing offline. For example you can pivot your workshops, coaching sessions and retreats to something that can be facilitated online.
Who knows, you might be the the next online business category.
Consider your website like your land. If you have a website that is fully set up (could also be monetized) you have an asset. And as with any other asset, you can sell it when needed.
There are a lot of online websites that buy other business sites like businessforsale.com
This list is just just a start. There are a lot of other ways to monetize your site but we hope this inspires you to start something that would help improve your businesses and your lives.
Get up and just start now. If you need guidance on any of the the items or even where to start, just reach out to us.