Welcome to my ‘How to Monetize Your Website or Blog‘ post.
I can completely relate if you wanted to connect with other like-minded people on the internet, perhaps share a hobby or skills, find effective strategies to make your business profitable, or simply have it promoted by them.
There are many reasons to start a blog, and monetizing might not have been a thing that before you got into the blogging space. Worry not because this is a common mistake.
Making some bucks from your efforts taken online is absolutely worth considering, mainly if this supports your maintenance expenses in the long run. For example, trusting a first-rate website builder and a professional theme can make a massive difference to the blog’s quality, but note that these aren’t free to use.
That’s when the monetization strategy really shines!
Luckily, there are multiple ways to generate significant income streams through your website, especially from your blog. With an open plan and being resourceful on the side, your blog can become a source of excellent, money-generating income.
In this guide, let’s unravel some reliable insights about how to monetize your blog. I’m also going to share some essential online money-making tips about the timing of these strategies. Pay attention because these all are really beneficial not just for the short-term but also for the long-term of your monetization journey. Ready, set, monetize!
Is There a Best Time to Monetize Your Blog?
There’s no fixed variable out in the blogging game for how much traffic you need or how massive your email list should be to start monetizing your blog mainly because that all depends on the products you promote and how you sell them.
Regardless, having these two things considered will make your journey easier on so many levels:
- Have stable traffic. You actually don’t need a hundred thousand page views, but at least a thousand visitors per month are enough to show that you are doing something right.
- Increased email list. Again, it’s not about how crazy the numbers you aim; it’s about consistency. It matters how resilient you are in taking advantage of your email list regularly.
These two definitely turn the tables, but above all, the effective way of monetizing your website or blog is all about numbers.
For instance, you need to generate $5,000 from your blog:
|Sell a product worth $200 to 25 people|
|Or sell a $500 course to 10 people|
|Or even charge $5,000 for consulting with a client|
Monetization is mathematics, not just pure luck.
This doesn’t mean that the secret to monetization is merely adding the costs of whatever you sell online. Instead, it means that you should trust a monetization strategy that coordinates your goal with where your website or blog stands at the moment or where you want it to end up in the long run.
Up next. I’ll show how you can monetize your website or blog and make money online, even if you just started out or already have thousands of page views per month. Plus, I’ll share some robust strategies other bloggers use or have used to create streams of revenue from their website and blogs in multiple niches and teach you exactly how to do the same with your own blogging endeavor.
How to Monetize Your Website or Blog: 8 Killer Ways to Succeed
If you’re a virgin in this game, let me address that you can monetize your website or blog in so many ways. You can insert ads, write a guest post, produce a sponsored content, and acquire backlinks to your website or blog for paid projects. But right now, I would like to dig deeper into those particular points that would give you a secure bang for the money. Let’s do it to it, shall we?
Selling Ad Space
You can get ahead by selling ad/advertising space yourself than divide the responsibilities through other sellers from your website or blog. Without paying attention to the traffic, a sizeable share of their ad spend allocation will go straight to your pocket.
Publishers make a lot of money because they have traffic on their website from the best sources for the correct content. Therefore, it is a decent way of generating passive income and earning much per month.
That said, there is no exact formula for this one because you need to produce content that captivates and earns the audience’s trust. After all, this model works on clicks and representations, easy like that.
Take on paid reviews
Decide your niche, where your expertise booms the most, and then offer your proposal to various organizations. You can ask for a certain amount of fee for producing or writing reviews. But you need to make sure that you give your all honestly in reviewing the products because people are seeking reviews written out of the first-hand experience.
There are a bunch of hosting websites, food websites, and travel websites that write about different types of products available in the market, have them compared, rate them, and give a verdict so that consumers can make a better buying decision.
You can make money for writing paid reviews that are authoritative and not twisted by the opinions of many like you always see on the web. This holds value because you will earn your audience’s trust and become an expert in the space of reviewing products online.
By using a pay-per-click program such as Google Adsense, you can monetize your website as smoothly as possible. This works by inserting an advertisement on your website, and whenever a visitor on the said link, you will be rewarded and get paid for it.
Although you need to be very careful with the set of keywords you are using because Google will inspect the significance and then suggest it to the related audience. Remember that this will work only if these ads appear in front of the relevant audience, and then they successfully click on it.
Affiliate marketing is a system that involves earning a commission by promoting other brand’s products or services on your website. For every sale or income you drive from your affiliate link, you make a specific commission or also known as affiliate commission.
For instance, you wrote a blog post on healthy goods for youngsters and promoted how almond milk is advantageous for a child’s development or growth. You’ll get an agreed amount of commission, 25%, for example, on every milk drink through your website or blog you have driven. And every time someone clicks on your affiliate link and buys that product successfully, you’ll earn something based on the cost of the product or service you promote.
Personally, I consider affiliate marketing as one of the straightforward ways to monetize your website or blog– all you need to have is a little skill for promoting the affiliate products and services and learning some basic ‘affiliate knowledge.’
The truth is, you don’t even have to give your hard-earned money to its promotional efforts. All the necessary things or tools will be given to you for free.
As a matter of fact, you can start monetizing your website as soon as you become an affiliate and promote any products online. Make sure to read my Wealthy Affiliate Review to know more of this, and of course, hone your blogging skills for free!
Sell digital products
Once you acquire a fair amount of traffic on your website and gathered enough audience or visitors coming from now and then, you can build a lot of online content and then promote it. These digital products can be templates, reusable sound effects, and adlibs, photos, and videos, and if you’re tech-savvy, you can place your software or games on sale.
Selling digital products is also one of the most thrilling methods to monetize your website, I know. Since there will be no representative engaged, you will get the most slice of the cake of the money earned. At the same time, you need to remember that this is not as easy as it sounds.
It demands a lot of time and effort, some unforeseeable charges, which are uncertain of how much or less.
Digital products at the moment are becoming a trend because people want to build content in diverse ways and forms. Therefore, it becomes even more thrilling for merchants or brands to escalate this type of marketing and disseminate it to appropriate sites. So if you belong to a niche that focuses on a target audience, you will find exact brands waiting for you to place its digital products on your website.
Become a donation-based website
Accepting donations is not recommended if you want to monetize your website over the long term. Even so, it can definitely work as one of the short-term monetizing ways and help you drive some money to improve, offering people of their interests and want to share some amount in this profitable business of yours.
If you don’t know how to pull this off, you can collaborate with an NGO and insert ads for the same on your website to expand their cause. In some cases, becoming one of their affiliates also boosts your sales, mainly if you chose this method to monetize your website or blog.
Build a membership-based website
Are you familiar with some membership websites such as AppSumo Plus, Shutterstock, where your website gives your audience a share of the work that is not common to everyone or have it accessed?
Membership websites like these are often paid; as a result, it is one of a decent way to monetize your website. All you need to do is choose the mode of memberships, like the metered and subscription-based, then you’re good to go.
Online webinars and online courses
You can host a webinar or provide an online course on the topic of your expertise. You can also broadcast or upload it on your website and charge a fee in return. This is one of the most compelling ways today in monetizing your website. You can also suggest some companies to sponsor your broadcast to make money even more. Very easy.
Ready, set, monetize!
While it’s convenient to start a blog, most bloggers keep on making the same mistakes and have trouble monetizing it. Blogging online does not create an income of revenue unless you can identify a monetization strategy that works for your website or blog.
And as mentioned above, you don’t need to be crazy in the traffic or email list to start making money out of your website or blog. And while your niche plays a significant role, it’s not the critical factor that defines if you will finishing strong. I’ve seen like-minded people make money with plants, kitchen wares, baby essentials, cars, and even yoga gears.
You need to realize the responsibilities required for the long-term to make your monetization strategy work and the resilience to believe that you can promote whatever you have to offer to your audience with due diligence.
Reading this guide is the first step; we hope you now have useful insights and strategies on how to monetize your website or blog. Have any other tips on how to make money online, especially from a blog? If so, drop them below in the comment section.