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.
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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