There are plenty of methods you can choose from to monetize your website. They are all opportunities for you to earn money and either make a living or get an additional income from your website. Keep reading, to see how you can effectively do this.

1. Make money with Ad Networks (e.g. Google AdSense, AdThrive, MediaVine) in Rwanda

The method works when you have high-quality, optimized content on the pages of your website. It needs careful inclusion of keywords into the written text, so Google might determine what ads to serve to your site. Matching the topic of your articles with the ads target is very important: the contextual ads must be addressed to those very people that are interested in your content. Otherwise, they won’t click on the ads, and no profit will follow.
Important: Google AdSense is decent for sites with less than 10k visitors. But once you have 10k sessions, we strongly suggest you look at Ezoic. This ad network can increase ad revenue per 1000 thousands uses 3-4 times as much as AdSense, if you can gather the traffic.
Guide to Google AdSense:

• Check this source to see how you can monetize a website with Google AdSense
• Check this to see how AdSenseflippers became an expert at generating income from AdSense ads

Famous websites monetized with AdSense:

• Pete Cashmore – founder of Mashable.com
• Shawn Hogan – founder of Digitalpoint.com

The average profitable AdSense-monetized website:

• Lenpenzo.com

Estimated income:

• The income can go up to about $3000/month.
• The average profitable websites can earn about $1000 in a few months

Requirements:

• Optimized website
• Subscription to a Google AdSense account

Budget: $30 to $50 (Budget needed to keep the website up and running )
Estimated time for profitability: three months to six months
Growth and marketing methods: SEO / Content writing / publish articles frequently
Must have skills:

• SEO skills
• PPC skills
• Story teller
• Publishing information-rich articles

 

2. Monetize your website with Affiliate Marketing

It mainly functions as a system where you generate a sale a product on another site. Every visitor you send to the product website is monitored, and you get a commission for every purchase done on the product website.

Guide to Affiliate Marketing:

• Check this source to see how you can monetize a website with affiliate marketing
• Check this to see how Lucie’s List successfully got monetized with several affiliate programs
• Read this case study
• Check this to learn how to build an Amazon Affiliate Store on WordPress.

Famous websites monetized with affiliate marketing:

• Nerdwallet.com
• Thisiswhyimbroke.com

The average profitable website monetized with affiliation:

• Outdoorgearlab.com

Estimated income:

• Big sites can earn well over $5,000 per month.
• The average profitable websites can earn about $2000 in a month.

Requirements:

• Optimized website
• High traffic volumes
• Subscription to an affiliate program

Budget: $30 to $50 (Budget to keep the website up and running )
Estimated time for profitability: about 2 months to get the first $100 commission
Growth and marketing methods: SEO / Content writing / Product Descriptions / Reviews
Must have skills:

• SEO skills
• Social media skills
• PPC
• Content writing (product descriptions)

 

 

Content Lockers:

Monetizing your website can also be done thanks to content lockers. Content lockers allow you to make money on your website by blocking a particular, chosen part of your site. Anything can be blocked, for example, the rest of the article, video, a certain premium content, or a simple file. It’s a great way to monetize your website.

If a user wants to access a blocked part of your website, they must first complete at least one task on the list. On MyLead – a global affiliate network, you can generate up to 4 different types of Content Lockers for free. They can all work on any kind of device and are easy to install. Go to MyLead and once you’re signed up, check out their Content Lockers in the panel.

3. Sell ad space

Instead of acting through third parties, you directly sell advertising space to media buyers. Therefore, 100% of the advertising budget will go directly to you. No more bothering about traffic, visits or conversions. However, it may require in-person meetings and negotiations that will, however, pay dividends in the long run.
Guide to Selling Ad Space:

• Refer to this source to see how you can monetize a website by directly selling ads on your website pages
• Check this to see how you can be part of a program where advertisers buy online ad space
• The average profitable websites can earn about $1500 in a month

Requirements:

• Good-looking design
• High traffic volumes
• In-person meetings, directly contacting advertisers

Budget: $30 to $50 (Budget to keep the website up and running )
Estimated time for profitability: revenues can appear immediately, as advertisers sign the agreement.  Also, it depends on how much traffic and following the website has.
Growth and marketing methods: building a niche website, writing about interests shared with many people or about some hobbies, so the monthly traffic volumes are high
Must have skills:

• Blogging talent
• Social media
• Negotiation skills
• Analytical skills

 

4. Ask for donations and contributions

To make it really work for your website/blog, you should consider not mingling donations with other monetization methods. People are more inclined to push the donate button if they don’t perceive you’re already making big money from your website/blog.
You should also speak about the cause you sustain, for readers to get convinced it’s worth donating.
Guide to Accepting Donations:

• Check this source to see how exactly you can gain money from accepting donations
• Visit this link to see more on best practices regarding donations, and examples
• Check Patreon and its functioning system.

Famous websites monetized with donations:

• Acumen.org
• Care.org
• Wikipedia.com
• Brainpickings.org

Estimated income:

• Up to $5000
• Most commonly $1000

Requirements:

• Good-looking design
• Transparency in dealing with gained donations

Budget: Budget to keep the website up and running
Estimated time for profitability: 3 to 6 months from starting the program; it’s recommended that you shouldn’t start the donation program immediately, rather start it after you have gained at least 10k visitors / month.
Growth and marketing methods: public relations, establishing connections and getting in touch with PR professionals, encouraging word-of-mouth and social media buzz.
Must have skills:

• Professional-looking website
• A supporting money source for keeping the website running
• Community moderator
• Social media
• Crowdfunding.

 

5. Get Paid For Every Visitor with Repixel

Repixeling is a form of online advertising where non-competitive companies in the same industry target visitors to each other’s websites and apps. For example, if you own a hiking blog in Rwanda , an online store that sells tent, a hiking app looking to acquire downloads, and/or campsites looking to add bookings would likely be very interested in tagging your visitors so that they can serve Facebook Ads to them later. Using a platform like Repixel, you can post a listing in their marketplace that shows you’re willing to let advertisers target your visitors, and you can set your own price in the form of a CPM (cost per thousand pageviews). Once the connection between blogger and advertiser is formed, the blogger gets paid for every 1000 pageviews.

There are three main benefits to repixeling.

1. Controls: You can approve and deny any advertiser that you want to work with. So unlike monetization platforms such as selling ads through AdSense where you have limited controls on which brand shows up on your page, if there is a brand or competitor that you are not interested in partnering with, you can easily click “deny” when the repixel request come through.
2. Scale: There are only so many ad units that you can add to your blog at a time, but because Repixel works in the background, you can work with and get paid by as many advertisers as you want.

3. No more spam: People came to your website to find content, not see ads or get prompted with a million different offers. Adding repixel to your website is completely invisible to the user so it doesn’t take away from the user experience.

 

6. Use your site as a portfolio to get projects

This method is suitable for websites that show off your expertise in dealing with a certain subject. The HIRE ME section only perfects the presentation, giving people the chance to benefit from specialized, paid services that’ll bring them more value. The HIRE ME section should not only confirm you as an expert in your field, but also get you speaking jobs, consulting offers, and highlight the advantages of people collaborating with you. Chances are you’ll be contacted for potential partnerships that’ll bring you money to the table.
Guide to Including a HIRE ME section in the website:

• Check this source to see how you can build a HIRE ME page within the website
• Here’s an example of a HIRE ME page in a website, that helps monetizing the website

Famous websites monetized by adding a HIRE ME section in the website:

• Ashleygainer.com
• Cyrusvanover.com

The average profitable website monetized with donations:

• Innovativeink.ca

Estimated income:

• It depends on how much you require as payment for providing professional services in your activity area

Requirements:

• A neat and clean template to build your website
• A professional presentation of yourself

Budget: $30 to $50/semester for keeping the site up and running
Estimated time for profitability: 3 to 6 months to get your optimized website visible in the search engines; or else even less if you promote the website in social media (e.g. LinkedIn)
Growth and marketing methods: social media marketing, search engine optimization, pay per click, promotion on expertise-focused platforms or freelance platforms such as Elance.com
Must have skills:

• Professional-looking website
• Content writing which observes a certain tone of voice
• PPC skills
• Marketing abilities to showcase your expertise.

 

7. Create an eCommerce store

This is one of the most frequently used method of monetizing a website. It implies putting in place an online store, where users can come and order the products they like. The idea of an e-shop is not new. However, it’s a profitable income source, depending on how much you manage to distinguish the e-shop from your competitors in the online market.
Famous websites monetized by selling products online:

• Ebay.com
• Walmart.com

Estimated income:

• Bigger websites can earn well over $10,000 per month.
• The average conversion rate for an ecommerce business might be of 2%. This means that for every 100 people who visit your store you can expect 2 people to make an order. The average order value for small ecommerce stores might be $45.

Requirements:

• Self-hosted ecommerce solution
• Complete solution including stock management, payment methods integration
• Support system

Budget: minimum $500 to set up the online store. The costs could range from $5 thousand to more than $5 million, depending on the ecommerce website you want to build
Estimated time for profitability: about 6 months for the ecommerce website to grow
Growth and marketing methods: Ecommerce SEO / Product Marketing / Pricing / Community Gathering / Social Media Marketing
Must have skills:

• Selling skills
• PPC skills
• Content writing (product descriptions)
• Organizational skills
• Product management

 

8. Sell e-Books

This monetization method is low-cost and low-risk. It’s never been easier to start writing an e-book, publishing it and making money from it. No additional costs for printing the books and publishing them. All can be done online, on your own website. And you charge a fee for the download link and collect e-mail addresses (for future follow-up and e-books upselling) monetizing this way your website. You can even gather past blog articles, give them a coherent structure and provide them to the public in the form of an e-book.
Guide to Selling E-books:

• Check this article guiding you through selling e-books on your website
• Here’s another resource on how to create an e-book, no matter what your budget is
• Check this case study showing how to make money from selling e-books

Famous websites monetized by selling e-books:

• Darren Rowse – Digital-photography-school.com
• Brett Kelly – Evernote Essentials

Estimated income:

• An E-book can give you about $2,000 in about a year.
• The average e-book sells 3000 copies in its lifetime. Multiply this number with how much you charge for a copy and you can get the average income from selling e-books.

Requirements:

• Provide the e-book in an easy-to-read PDF format
• Give a PayPal link for the payment or any other payment method
• Optimize the e-book landing page accordingly, for high visibility in the search engines.

Budget: the minimum cost of writing and publishing an ebook can be as low as $0, but if you want custom graphics, and other nifty features you might have to pay a designer.

Estimated time for profitability: 3 months to get your e-book landing page promoted through paid methods / 6 months to get your e-book landing page promoted organically
Growth and marketing methods: Networking / Affiliates / Offline Press / Social Media / Buzz Marketing
Must have skills:

• A polished style and at the same time, a natural tone of voice
• Structured thinking to clearly present your topics
• A sense of what content would be useful and pleasant to read
• An accessible writing style
• PPC skills
• Social media skills

9. Charge money for sponsored posts

Sponsored posts are those articles you get paid for by third parties (advertisers) after both parties have come to an agreement about the conditions of publishing them on your website. An example of such a site is dronesgator which writes paid product reviews for drone manufacturers.

You can reach out to them, or else they might contact you for (writing &) publishing content regarding their products/services. You can even hire external writers to write this for you. There are tons of content and essay writing services out there.

Guide to adding sponsored posts and reviews to your website:

• Turn to this article for guidance on accepting sponsored posts on your website
• Check this resource for a case study on sponsored posts

Famous websites monetized with sponsored posts and reviews:

• Makezine.com
• Techwyse.com

Estimated income:

• About $2,000/month
• The income can go up to $6,000

Requirements:

• Create a media kit telling publishers important facts about your blog audience
• An extended audience (considerable amounts of traffic)
• An audience that represents a good target for the sponsored posts, as these should be relevant to them, and help them.

Budget:
No budget needed for accepting sponsored posts on your website.
Estimated time for profitability: as soon as the agreement is signed, and the articles are published
Growth and marketing methods: Social Media Marketing / SEO / Niche targeting with specific topics
Must have skills:

• Negotiation skills
• Content writing
• Analytical skills
• PPC skills

 

10. Create paywalls for premium content

What this monetization method supposes: users have restricted access to some valuable pieces of content, and to reach that content, they have to pay for it. It’s useful for gathering email addresses and other information regarding your audience, for better reaching out to them in the future. Also, offering access to premium content for a fee, you have a valid monetization method in place, whether for short term or long term. An option might be to give a hybrid gating experience.
Guide to adding gated premium content to the website:

• Check this article to see when it’s appropriate to use gated content and when it’s not
• Check this post for the examples of premium gated content it provides

Famous websites monetized with gated content:

• Backlinko.com
• Doubleyourfreelancing.com
• Fs.blog

The average profitable website monetized with gated content:

• Chronicleofsocialchange.org

Estimated income:

• The income might not appear directly from gating content. Rather, you gather information about your audience, and then you can target that audience with better content/products/services. The real income will come from a precise targeting of your audience.

Requirements:

• Contact form that gates content
• A carefully designed landing page where users will find gated content

Budget:

• about $10 for popups software
• about $20 for gating content software (e.g. Optinmonster)

Estimated time for profitability: about 6 months for the landing page to be discovered by web surfers
Growth and marketing methods: off-site SEO & linkbuilding, social media marketing, branding
Must have skills:

• Content writing
• Marketing tactics
• Social media

 

11. Generate and sell leads

The lead generation model is another viable option for monetizing a website. Through content in your website, you should attract users that can be registered as qualified leads that a company will use to turn into customers/clients. It is very important that the leads should be qualified, for you to get paid for bringing them to that company. The payment models are either pay per lead or pay per call.
Guide to generating and selling leads:

• Check this source to see how the system of generating and selling leads functions
• Find out more about the system, by reading this
• Check this article including a case study on generating and selling leads

Famous websites performing well at generating leads:

• Ellevest.com
• Bookofthemonth.com

Estimated income:

• $1000’s in Revenue A Month
• Start $10 per lead.

Requirements:

• Putting in place referral forms
• Establishing the conditions under which you get paid by the company benefiting from leads you refer to them

Budget: about $300 for marketing your website pages
Estimated time for profitability: 1 month for some leads to be found and sent to checkout on the company’s website
Growth and marketing methods: website optimization / social media / SEO / content marketing / email marketing
Must have skills:

• Marketing skills
• Communication skills to catch the audience with your copy
• Analytical skills to have the lead generation process under the radar
• PPC skills

 

12. Offer consulting services

Another option to monetize your website is to offer consulting services. This is a good idea if you want to put your strengths at value and offer consulting to different companies, in exchange for money. A short presentation of yourself will instill trust and build your credibility as a consultant who’s worth paying.
Guide to offering consulting services:

• Read this article on how to turn your strengths into valuable consulting services
• Check this article for some case studies regarding consulting services Mazars provided to their clients

Famous websites selling consulting services:

• Bain.com
• Capgemini.com

The average profitable website monetized with consulting services:

• Brafton.com

Estimated income:

• Depending on how much you charge for each project

Requirements:

• A clear, concise and trustful presentation of your strengths, skills and expertise
• Some data that serve as proof for all of the above

Budget: about $100 to keep the website up and running
Estimated time for profitability: 1 month to 3 months to make your website visible in search engines and get contacted by potential partners
Growth and marketing methods: social media / SEO / content marketing
Must have skills:

• Marketing skills
• Self-presentation skills
• SEO
• PPC
• Social media

 

13. Monetize your website with membership content

Membership websites refer to content that is continuously delivered to users, in exchange for subscription payments. The content provided to users must be valuable, useful to them and unique. Also, it should be provided on a continuous basis, for users to get it in exchange of a fee that covers their membership.
Guide to providing membership content:

• Here’s a list of the membership content types you can constantly provide to users
• Read this article about how to make money with a membership website
• Here’s a case study on how to grow the membership purchases by optimizing the website’s features

Famous websites providing membership content:

• Internationalliving.com
• Youpreneur.com

The average profitable website monetized with membership content:

• Fabfitfun.com

Estimated income:

• It depends on how much your competitors charge for the same content, as well as the value (either financial or of other type) the membership content provides to users

Requirements:

• A website built on WordPress
• A membership plugin (such as MemberPress)

Budget: about $100 to keep the website up and running
Estimated time for profitability: 1 month to 3 months
Growth and marketing methods: buzz marketing / content blitz / promoted website launch
Must have skills:

• Marketing skills
• Community management
• Positioning yourself as an expert in a certain industry area
• Social media

 

14. Do product reviews

Writing product reviews represents a simple and fast method of generating income with your website/blog. You have to choose products that fit your niche’s interests, and that you know well. Hence, you can simply drop some lines to express your opinion about those products which might interest your users. You will get paid by companies wanting to promote their products in the online world, by way of product reviews.
You can also make money by subscribing to an affiliate program for those products.
Guide to writing product reviews:

• Check this source on how to write product reviews

Famous websites providing product reviews:

• Consumersearch.com
• Slant.co

Estimated income:

• from $300-$500 and upwards/review

Requirements:

• Specific section in the website, dedicated to product reviews
• Objective tone and impartial writing

Budget: $30 to $50 to keep the website up and running
Estimated time for profitability: 1 month to 3 months
Growth and marketing methods: social media marketing / content writing / community gathering
Must have skills:

• Marketing skills
• Community management
• Objectivity
• PPC

 

15. Create online video course/tutorial/webinar

Creating an online video course might prove successful as a website monetization method. You should start from the premise that everything is teachable, so you can use your expertise and knowledge in a particular area to teach others how to start getting involved in that area. In exchange for a sum you set up, people will be glad to come and subscribe to your online courses.
Guide to creating online video courses:

• Read this article on how to create an online video course that’ll bring you money,
• Check this for more in-depth advice on creating online video courses,
• Here’s a collection of case studies about creating online video courses,
• For making a video course use a video editor and combine videos online.

 

Famous websites providing online video courses:

• Lynda.com
• Pluralsight.com

The average profitable website monetized with online video courses:

• Onlinecookingschool.com

Estimated income:

• Check with this online course earnings calculator how much money you can make

Requirements:

• A course outline
• Some research on the subject
• Video making software
• A transcript for the video
• A camera & a microphone

Budget: recommended reading this for having an idea of how much creating an online video course costs
Estimated time for profitability: about 6 months
Growth and marketing methods: social media / pay per click / Facebook ads / content marketing
Must have skills:

• Teaching skills
• Clear & friendly voice
• A propensity for clearly structuring things
• Social media

Here’s a tool we recommend for creating your own online course.

 

16. Sell Podcast subscriptions

Offer premium audio content to users – these are podcasts available after paying a subscription. This is content users must pay for to get access. The method is simple, yet premium content should be carefully selected and indeed be of value to people paying for it.
Guide to podcasting:

• Check this source to see how you can monetize a website with podcasts
• Check this to see how Growth Everywhere went from 0 to 80,000 downloads per month

Famous podcasters:

• JAIME JAY – Stop Riding the Pine (conversations with changemakers and disruptors)
• PAMELA GAY – Astronomy Cast

The average profitable podcast:

• School of Podcasting – 1,200 to 2,000 downloads per episode (from here, you can infer how much can be earned from each podcast episode)

Estimated income:

• The most successful podcasters earn $50,000 per episode
• The average profitable podcasters can earn about $10,000 per episode

Requirements:

• a fast computer, a mixer, a good microphone, lighting, website plugins

Budget: around $20 to $30 per month
Podcast specific expenses – media hosting, voiceover, recording/editing software, microphone
Estimated time for profitability: One month to six months
Growth and marketing methods: SEO / Cross promotions / publish episodes frequently, at least in the first 8 weeks
Must have skills:

• Audio recording skills
• Sociability, interviewer abilities

 

17. Use CPM/CPA/CPC/PPC networks

Below are explained all these models:

Here are the best CPM networks that users like to use.
Guide to advertising:

• Check this source to see some of the recommended CPM networks for bloggers
• Here are some examples that better explain the CPM models

Estimated income:

• Calculate the income you can expect from CPM advertising, by using this calculator

Requirements:

• Subscription to a CPM network
• Considerable traffic on your website/blog
• Consistent article publishing, to keep the audience engaged

Budget: no specific budget required for the website’s owner
Estimated time for profitability: about 3 months
Growth and marketing methods: social media/content marketing
Must have skills:

• Content writing
• Community management

 

18. Start a dropshipping e-commerce business

Dropshipping is a business model according to which you, the online shop owner, don’t have to store any inventory before selling products. Products are sold without you needing to store them in a repository, directly from the wholesaler or manufacturer.

Guide to dropshipping e-commerce:

• Check this source for a complete explanation of the dropshipping business model
• Here’s a case study on how to get over $3,000 in less than a month, with dropshipping
• Another case study about how dropshipping brings profit
• Avasam’s compelling dropshipping guide

Websites monetized with dropshipping e-commerce:

• Shop.ugmonk.com
• Bremont.com

Estimated income:

• About $5,000/month

Requirements:

• Choose a dropshipping platform such as Eprolo
• Choose an e-commerce template to build your store on
• Install WooCommerce for your website

Budget: about $500 for a startup to implement dropshipping
Estimated time for profitability: about 3 months
Growth and marketing methods: social media / Facebook ads/content marketing / SEO
Must have skills:

• Online sales techniques
• Writing attractive product descriptions
• Sales management

 

19. Apply for crowdfunding

Crowdfunding is an online money-making method where small amounts of money are gathered from a large public, in order to finance a for-profit company.

Guide to crowdfunding:

• Here’s how to get started
• Here’s a case study of how NOMAD ran its crowdfunding campaigns

Websites monetized with crowdfunding:

• Kickstarter.com
• Indiegogo.com

Requirements:

• Know the regulations regarding crowdfunding

Budget: Product Design ($3,000 – $7,500) + Prototype Manufacturing ($5,000 – $10,000) + Professional Photographer ($500 – $2,500) + Video ($1,000-$5,000+)
Estimated time for profitability: about 6 months
Growth and marketing methods: advertising/expos & trade shows/press releases distribution
Must have skills:

• Community management
• Marketing skills
• Capacity of persuasion

 

20. Content marketing

There are many ways you can make money from the content you produce. Let’s go through each option and see which best suits you:

1. Persuasive copywriting to sell your products and services

Here comes persuasive copy that’ll have the role of pushing users to buy. The text should be completed with a perfectly crafted call-to-action.

2. Linking content pieces to your products and services

Here, you need to pay attention to the anchor text in the copy, linking to products or services. You should keep it highly relevant to the link target, so it performs best attaining the goals you have with your content.

3. Placing unique affiliate links into your content

You promote a company’s products on your website. when a user reads your content and clicks an affiliate link, they are driven to the company’s website. If they buy the product on that company’s website, after they’ve followed your affiliate link, you get a commission for that sale.

4. Repurposing and repackaging your website’s content

This functions well when e.g. you gather some posts of your blog, give them a coherent structure, and turn them into an e-book. You can then sell the e-book and get money from that content.

5. Make money blogging

This is a huuuuuge topic. There are all sorts of blogs that you could develop. You must find a niche and ways to target your audience. Once you have that, there are more ways to monetize (many of them have already been mentioned in this article). If you decide to make money blogging, prepare for lots of work, it ain’t easy.

 

21. Use monetization widgets/plugins

There are plenty of widgets/plugins you can add to your WordPress website, for monetization purposes. They help you insert ads or links into the posts or pages of the website, and they will thus contribute to your earnings.
Here’s a link explaining how some of these plugins function.
Here’s another source about WordPress monetization plugins.
Among them:
SEO Smart Links
You place different keywords into the text of your pages, and you assign links to them so that when these keywords pop up in your text, they automatically redirect to different content that you’ve preselected.
Cleeng Content Monetization
With this plugin, you can limit access to certain parts of your website, which holds the information that someone is looking for until they’ve paid for the access.
Ad Injection
This plugin allows for ads to be inserted into the website content so that you can earn money from them. They allow for managing your different ads easier, as you can place them around your site, and within your content.

 

22. Make money by displaying audio ads

This method is relatively new. You can envisage including audio ads on your website, if the ads are relevant to your target audience. It’s recommended that you keep up with the evolution of this monetization method, and if deemed suitable, you can try it, too.

 

23. Use native advertising

Native advertising is a form of paid media that resembles the look and format of the content being published on the website it is included into. Online advertorials are one type of native advertising intermingled in a website’s content. Sponsored content is another specific form of native advertising, and it works well for blogs and personal websites.
We won’t insist upon this monetization method, as it’s been described at length in the case of sponsored content.
Instead, here’s a resource you should check and a tool for using native advertising.

24. Resell your content offline

This is an underestimated, often looked-over monetization method. It implies taking valuable content from the website and reselling it to other types of media, for the offline channels. So get creative!
Guide to reselling content offline:
Check this case study about how to make money reselling online content to offline channels.

 

25. Email newsletters with third-party links advertising for other companies

If you reach a considerable number of website visitors, you might consider this as a monetization tactics. Invite users to subscribe to your newsletters and include in those newsletters third-party links advertising for other companies. The companies will pay you for the traffic coming from this source and depending on the open rate you register for the newsletters. Such links fall under the category of affiliate links (Links that direct to a third-party, but do not market on behalf of that third party. Often, affiliate links are used in the context of a partnership between two independent vendors or businesses).

 

26. Banner Advertising

Banner advertising is somewhat risky. Showing too many ads on a single webpage might detract users from visiting other pages, as well. Thus, the income from ads on a single page might be consistent, however it is far less than the income coming from a session of several pages visits from the same user. Thus, banner advertising should be used wisely, to maximize profits coming from this monetization source.
Banner advertising is probably the easiest method to monetize a website/blog, and, in the meantime, the less effective.
Guide to banner advertising:

• Check this article to see what the technique of banner advertising implies

Estimated income:
1000 displays of an ad would cost the advertiser, on average, $2.80.

 

27. Building tools people are willing to pay for

Another option to monetize your website is to build some great tools people will want to pay for to use. They can be WordPress plugins, SEO tools, or any other type you want. Give them to people in exchange for a fee, and you can get considerable amounts of money, over time.
For instance, Creatopy gives communicators the needed tools to spark their creative journey and keep visual content organized and always on-brand.

 

28. Buy and resell websites

Website flipping means you buy a website, you work on improving it and you sell it at a higher price. This means you generate income in two ways: both from monetization methods you apply while you own the website, and from selling it afterward.
The monetization strategy will differ from one website to another, and the income resulting from website flipping depends on how well you manage to improve it while you own it.

Regardless of your chosen method, you need to think of promoting your work. To find the suitable promotion tactics that work for your website at a given time, you have to keep up with the trends. This infographic about the digital marketing trends you must know will surely help you to have a good start.

Ever wondered how to get new customers after you’ve launched your digital product? Here’s an in-depth guide that will give you exactly what you’re looking for and get to your first 100 sales.

A closing word

Keep in mind that it might be suitable to combine several methods and mold them into a monetization strategy. Carefully choose them and put the perfect monetization strategy work for you.
Liked what you read? Help us out with a review of this article!