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ONLINE INCOME SOURCES:
10 Ways of Monetizing Your Website or Blog



An own website is in most cases inevitable for making money on the internet. While operating a website on a topic that you are enthusiastic about is great fun and a refreshing way of spending your spare time, not to mention the opportunity it gives you for finding like minded people, it is also a perfect way of generating passive income. Websites and blogs offer several income sources and it's up to you how many of them you use to make money from home.


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Income streams for websites and blogs


Here is a list of the most successful and easiest ways of making money on the internet with a website or a blog.


1. Affiliate links:

Affiliate marketing is one of the most popular ways of making money on the internet. You place a company's links or banners on your pages and every time a customer lands on the company's website coming from your site and buys something, you will earn a commision for that sale. Affiliate marketing is not as easy as it sounds, but if you know the tricks you will succeed fast. Many have managed to generate such monthly incomes that they quit their daily jobs and there are a few top earning affiliates – the so called super affiliates – who often rake in five and six-figure incomes monthly with just the promotion of affiliate products.


2. Earning with contextual advertising (PPC ads):

A great way of earning money with a website is to incorporate PPC ads from the  Google AdSense network. They are contextual advertisements where you have to insert an HTML code into your website and it will display textual or banner advertisements matching the theme of your site. PPC stands for pay-per-click and as the name reveals you get paid for each clicking of the ad by a visitor. The click rates vary depending on the keywords that the ad is associated with. (Google AdSense ads are based on keywords and are served on a publisher's website depending on the keywords the site is optimized for.) Of course, AdSense is not the only one contextual advertising network, but it is the most wide spread and well known.


3. Displaying CPM ads:

This is similar to displaying PPC ads. CPM stands for Cost per Mille, and it refers to the cost for 1,000 impressions. When displaying CPM ads you get paid according to the number of impressions (i.e., page views) that the ads displayed on your site will generate. 
A site that generates 100,000 page views monthly displaying an advertising banner with a $1 CPM,  will earn $100 monthly. CPM rates vary with the network. You can get as low as $0,10 and as high as $10 per 1,000 impressions. (some CMP networks: Casalemedia.com, Burstmedia.com, Valueclickmedia.com)


4. Direct banner advertising:

Create your pages with potential ad spaces on them where you can display paid banner ads of external advertisers. After your site has taken up and draws a good number of visitors in your niche, charge money for placing banner ads on your site. If your website is rich in content or has a readership that is important for advertisers they will be willing to pay for having their ads on your site.


5. Sponsorship for columns / events:

This model works very well in the print media and lately also on websites. If your site or blog has different sections or columns that specialize in a given subject, you could find companies as sponsors for the sections. Basically it's a form of displaying the company's banner or text advertisement in the sponsored section. It gives advertisers the possibility to target a more specific audience.


6. Charging membership fees for premium content:

Membership sites secure their operators a steady income month after month with charging a subscription fee or membership fee from their members. A few examples for membership sites: private label rigts article sites, online courses, coaching clubs, download sites, private forums, etc. You can also mantain a website that has free content, and charge money for accessing the premium content.


7. Sponsored reviews:

This is getting more and more popular in the blogosphere. Bloggers can earn money by posting reviews on products, websites, services or companies. (Where to find advertisers: PayPerPost.com, SponsoredReviews.com, ReviewMe.com)


8. RSS Feed Ads:

RSS technology is adopted by a large number of websites and blogs and their owners are starting to find ways to monetize it. Feedburner.com already has its own publisher network, and you can sign-up to start displaying CPM based advertising on your feed footer. Bidvertiser.com has also introduced an RSS feed ad option as well, with a PPC scheme. Some blogs are also opting to sell banners or sponsored messages on their feed directly.


9. Donations:

Placing a “Donate” link or button on a website can be another way to earn money. Websites and blogs that offer valuable content to their readers and built a loyal following have high chances to receive donations by their readers through PayPal donation buttons.


10. Selling your own products:

Depending on the niche market you target and the theme of your website you might sell physical or digital goods via the internet. A crafts related personal website, let's say, one about candle making, is a logical channel to promote the webmaster's own self-made candles as gifts. In the digital department though, programmers might sell softwares and scripts through website, and almost anyone can find a topic to write an ebook about and sell it as a downloadable info product.


The above are just a few income types for websites and blogs. The highest revenues can be achieved with the combination of all of them, or of as many of them as possible. How many income types you can incorporate into your website, depends always on the nature and type of the online business you choose to establish.




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