9 Easy Ways To Monetize a Website

There’s a lot of ways to monetize a website

There’s a lot of ways to monetize a website. The ones you choose depend on your wishes and preparedness to work for success, but monetizing a websit can be rather easy, provided you start it the right way.

It’s actually pretty crazy to hear that you can work out of the comfort of your own home and earn money. From buyers anywhere in the world, literally. All you need is an interenet connection, and you’re ready to start. This thought alone can spark joy in many people’s minds once they grasp the idea.

But starting out an endeavor like this can definitely be frightening to some people. There’s so much selling (advertising) going on anytime you open your browser. So how do you even start to monetize a website? How exactly are you supposed to join the successful ones?

Disclaimer: This post was featured on IM Blog first. Here’s the full version.

There are two steps you’ll need to clear out at a very beginning.

Step #1: Choosing a niche

In order to monetize a website properly, your very first step should be choosing your niche. This means that you have to choose the interest area (or market, if you wish) where you can go and create compeling content. For instance, you could choose to write about golf. Or breeding horses. Or cooking on open fire. Literally anything goes, as long as there are people interested in the subject.

The best niches, according to Clickbank, are

• Making money online
• Health and weight loss
• Relationships

So if your chosen niche fits one of those three, there are thousands of sub-niches in any of the main groups. Just pick the one (or more) you feel proficient at, and go.

A sub-niche means a niche that is part of the parenting niche. For instance, you could choose the Health niche and then write about fitness or something similar.

The niche you choose should closely resemble your personal interests and your proficiency. Because the more you like it, the easier it will be to write about it, and the more you know about it, the more chance you have of getting a person to go to.

Step #2: Building a website

In order to monetize a website, you’ll need one first – that’s pretty obvious. There are many options out there, but my personal favorite is WordPress. You’ll need a domain name that corresponds to your niche as close as possible, a hosting account with a service provider, and a little bit of patience. I’m not diving in this subject here, but if you want, you can read a little bit more about that here. This post is actually oriented towards building an online store, which is another way to monetize a website, but the principles are the same.

You can build your website by yourself, provided that you’re techy enough, or pay someone to do it for you. By building it yourself, you’ll spend some time doing it, can be quite a lot, depending on your level of expertise of course. In the other case, you’ll spend some money on it (can be anywhere from $1,000 to $5,000) and then a little bit of time learning how to update it.

In any case, once you have it live and published on the web, it’s time to monetize a website.

How to monetize a website

There are many different ways to monetize a website. The most popular and the easiest one (arguably) is selling ad spaces, but there are many other great ways to generate income online.

The best way to monetize a website will always depend on your plans, target audience, and personal preference and expertise. This is where the plan of action comes into play. It can be easy to think that bloggers or website owners simply create a website, place some content, and then watch the money roll in.

Surely enough, anything is possible. But in most cases, in order to monetize a website to its full potential, it will help to have a few key points in mind, or you will likely fail. These critical aspects include a growth mindset, at least a 6-month time commitment, and the right tools at your disposal.

So now that we have a brief overview of these fundamentals out of the way, what actually is website monetization?

To monetize a website means you’re making sure your website makes money for you. It is an essential concept because website monetization helps you generate active or passive income from your website and should enable you to scale your operations easily.

Here are the most common ways to monetize a website:

• Sponsored content
• Direct advertising
• Google Adsense
• Affiliate marketing
• Charge for your content
• Request donations
• Sell products and services
• Create a full online store
• Flipping websites

You can use just one, if it fits the purpose, or combine as many as you like, provided they don’t colide and actually ruin your plans.

As an example, let’s say you’re selling coffee mugs. You want people to see your products and click on that buy button you’ve included.

Now, imagine you’re using Adsense on the same page. Google is smart and its all-seeing eye will know exactly what you’re selling and more importantly, it will know exactly who is visiting such pages. So Adsense will publish a great ad about coffee mugs, possibly better looking and cheaper than yours. You visitors, of course, will see this ad. So what happens next?

The visitor is clearly interested in coffee mugs. If they spot such an ad, chances are they will click it – earning you a few cents through the Adsense program, but taking your customer away from potentialy buying your mugs and you earning much more. You see where this leads?

Here’s the link to the original post on IM Blog – there’s plenty more to say about this subject, so make sure you don’t miss it.

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