If you have a website, you’re already putting in the work, so why not make some money off of your effort? With some more work and luck, you’ll be able to cover your domain expenses, and then some. Here are our top 5 ways to monetize your website.
1. Affiliate Marketing
Affiliate marketing is one of the fastest and most popular monetization methods, and here’s why. All you have to do is promote a product you already like to your website visitors, who, if interested, will click on your affiliate link, giving you a percentage of the price if they purchase. The commission percentage can range, but with patience, they have the potential to add up to a substantial profit!
2. Google AdSense
Google AdSense puts a simple code on your website that will identify the content of your website and show your visitors relevant advertisements. You get paid per click, anywhere between 50 cents to $5 every time someone clicks an ad! The more traffic your website gets, the more you may get paid.
3. Selling Ad Space
You can sell space on your website directly to companies, and get paid depending on the number of visitors you get. The price is usually quoted as a dollar amount per thousand impressions (CPM). You can also name your own price and get paid upfront at the beginning of each month!
4. Sponsored Posts
If you’ve gathered a following on your website, companies may be interested in featuring their sponsored content on your website. You’ll have to make sure the content you’re getting sponsored is relevant to your website, or else your readers will be uninterested. If done well, it’s a win-win for both you and the sponsoring companies!
5. Generating Leads
You can play the middleman and refer your website’s visitors to other relevant businesses, hopefully introducing parties that will benefit each other. While similar to affiliate marketing, leads are all about the introduction, and it doesn’t matter if a product is actually purchased – you’ll get paid either way.
It’ll take a bit of extra work and reaching out to other companies, but with enough patience, your website can earn you a substantial amount of money!