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There are a lot, I mean a lot of ways to make money with a blog or a website. If you are wondering how you are going to monetize your site, then you’ve come to the right place.
I’ll discuss all the strategies and methods that the most successful of websites use to generate income. When you are done reading this post, you will be aware of all the ways a website can make money and you will be armed with the knowledge and tools necessary to convert your site into a cash machine.
Before we start, I’d like to reiterate as I have in the past. First and foremost, provide value to your readership. Making money will be easy once you’ve created a loyal readership in the right niche. Always remember if you want to create a cash cow of a site, then you need to pick an industry that is thriving and you know a lot about this subject or at least are willing to learn. It also helps if there is less competition in terms of search engine ranking in that particular niche. You can use a tool like SEMRush to help you with that. But enough of that, let’s look at how you can make money online!
How Do Blogs and Websites Make Money Online? Monetize Your Blog For Maximum Revenue.
March 10, 2017Aigars SilkalnsTutorial34 Comments
There are a lot, I mean a lot of ways to make money with a blog or a website. If you are wondering how you are going to monetize your site, then you’ve come to the right place.
I’ll discuss all the strategies and methods that the most successful of websites use to generate income. When you are done reading this post, you will be aware of all the ways a website can make money and you will be armed with the knowledge and tools necessary to convert your site into a cash machine.
Before we start, I’d like to reiterate as I have in the past. First and foremost, provide value to your readership. Making money will be easy once you’ve created a loyal readership in the right niche. Always remember if you want to create a cash cow of a site, then you need to pick an industry that is thriving and you know a lot about this subject or at least are willing to learn. It also helps if there is less competition in terms of search engine ranking in that particular niche. You can use a tool like SEMRush to help you with that. But enough of that, let’s look at how you can make money online!
If you have created a high/medium traffic site in the right niche, you’ve hit the jackpot. But we have to dig a bit before we hit gold, using the right revenue generation model can make an enormous difference to your revenue numbers.
Generally, site owners make money by
Selling your own stuff (services, products of their making both digital & non-digital, eBooks and other premium content)
Advertising & Affiliate Income (selling and promoting services and products made by others)
At the end of it all, it comes down to one of aforementioned two – You either sell your products and services or you can act as a conduit for the sale of another’s product or services.
Let’s look at how you can monetize your blog or site.
Sell Advertising Space
You can sell advertising space in the form of banner adverts to businesses and people. It isn’t quite that simple, though, you get paid differently by different advertisers.
CPM – Pay Per Impression Advertising
Your website receives revenue as and when you generate impressions for the sponsor. This rewards a website for every thousand impressions that it generates. You may get paid anywhere between $1~$7 per thousand impressions depending on your sponsor’s industry. Most well known CPM advertising network is BuySellAds.
PPC – Pay Per Click Advertising
You make pennies every time someone clicks on a banner or link. It generally works out to a higher amount per click when compared to CPM but it might depend on your niche.
You can run adverts on your site with of one the many ad networks. Google AdSense, The Blogger Network, Rev Content, Undertone and AdBlade are few of the options available to you.
For those of you who use WordPress as a platform to run their websites, you can try out BuySellAds. If you’d like a free plugin, check out Advanced Ads.
Selling advertisements via contextual ad networks is best when you have a site that covers a large spectrum of subjects. If your site targets specific niche or keywords, you’ll find that Affiliate Marketing is probably a better money-making strategy for your site.
Also known as CPA or Cost Per Action, Affiliate Marketing is an extremely profitable way to generate revenue for your website. The section of Affiliate Marketing goes into a lot of detail, rightly employed it can make your site very profitable relative to running CPM or PPC advertisements. It’s also a lot tougher to utilize, so let’s talk about affiliate marketing.
One of the most common ways bloggers make money is through placing ads on their site. There are two popular types of ads: CPC/PPC Ads: Cost per click (also called pay per click) ads are usually banners that you place in your content or sidebar. Each time a reader clicks on the ad, you are paid for that click.Apr 14, 2016
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