As a blogger, you will find obstacles you will need to tackle.
It might start with creating the actual website, moving on to getting traffic, and then monetizing it.
This is one of the reasons why so many website owners either abandon their sites or sell them because they find the process so daunting.
I know this from my own experience.
When I first started with my site, I had a hard time getting traffic.
I treated it like it was unattainable, however easily attainable to others.
However, once this traffic started coming in, I had no clue what to do with it.
That is why it’s so vital to have a vision for your site before you get started.
Planning out the right content and attracting the right audience will make it easier to make money with your website.
Now in this post, I want to take you through 15 creative ways that you can make money with your site.
So if you have a website, have the traffic; however, your revenue is zilch. That should be of use to you.
Picking Ways Of Monetization That Suit Your Website
Now while I am going to go through over seven ways to earn with your website, it goes without saying that not every approach will work for you.
It all depends on your ambitions for the site, the type of site you have, and the audience you are attracting.
For instance, let’s say you run a site that is a news updates blog, while ads will work correctly; affiliate marketing, on the other hand, a popular way to monetize websites might not be.
So it all depends on the site you are running, but with that said, there are plenty of ways to monetize your site, and there is always at least one way to do so.
Something else to bear in mind is that all these ways have different amounts of time you need to invest in them.
For some, it will take you a few minutes to set up; however, for others, it may take days or even months.
Related Posts: 7 Steps To Effortlessly Making A Website In 2020
1. Ad Revenue
If you say to someone that you have a website that makes money.
They will automatically think you are earning from revenue.
That is because Ad Revenue is not only one of the most popular ways to monetize a site; it is also one of the easiest.
Using a company like Google Adsense or Mediavine can allow you to put on ads on your site.
So when of your visitor’s lands on your site and comes across an ad they like the look off and proceeds to click on it, you will get paid.
The only issue is depending on what ad network you go with; this can be very low paying.
With Google Adsense in particular, it is hard to calculate how much you will earn with ads as there are so many variables.
That includes what your niche is, where your viewers are from, and more factors.
The bottom line is that if you want to earn money with your site from the get-go, then ads are an excellent place to start.
But once you start to get more visitors, you will want to look at more lucrative ways to earn or join an ad network.
2. Sponsored Posts
Sponsored posts are an excellent route to go down.
With these, you can get paid to work with brands and writing content that promotes them.
The process will typically include giving them a backlink or just giving them some exposure to your audience.
Making money with your website can be hard at first, but as you grow, it does become easier.
And as you grow, you will get opportunities to sponsored posts with brands naturally.
How To Attract Sponsored Posts?
As long as you have a page on your site that shows companies what to do to get in touch with you, you will get emails with pitches.
That is something I can talk from experience as back with some of my first sites.
I used the sponsored posts way as an excellent way to bring in some income each month.
How Much Can You Make Doing Sponsored Posts?
Now one of the questions is how much you should charge for a post.
Again like ad revenue, it’s hard to work out how much you can earn.
As it’s all on your site.
From what I have heard, you can make $10 a post to thousands.
It all depends on two things:
- How many visitors you are getting
- How many of these are targeted
3. Creating Your Own Course
As I was alluding to earlier, some ways of monetization will be straightforward.
Ads might take you a few hours to do max, and sponsored posts might also take a few minutes depending on whether this is outsourced.
But moving on to creating your own course and while this is probably the most lucrative way to make money with your site, it’s something that could take you months to do.
Creating a course is one of the best things you can do, though, especially if you have an audience and a problem you could solve for them by creating a course.
Let’s say you are in the blogging niche, and you have an audience of people who want to learn how to blog. Then what you can do is use your skills to make money blogging yourself to teach them.
A good example of this is Ian Priybl, who started the FIMP course to teach beginners how to make a profitable website.
What is important to bear in mind is that you don’t want to just make a course for the sake of it. You want to provide good value.
The other thing to remember is that no matter what your niche is, you can make a course for it, you just need to find an area of that niche that you can provide a solution for.
4. Renting Out Space On Your Site
This way is similar to having ads on your site. However, instead of a company putting ads on your website on your behalf, you decide which ones to have and how much you want to get paid.
It’s a simple way to earn as every business out there wants to get there company and get themselves in front of potential customers.
So if you have a website that is generating a good amount of traffic, selling some space on your site to a company could help you get some extra cash each month.
This is an example, but let’s say a business that is related to your niche may offer you $100 a month for a space on your sidebar.
You may get offers naturally with companies reaching out through email.
Or you can take it upon yourself to find companies yourself that are related to your niche who would be interested in ad space.
While just having a few spaces taken can give you some passive income, ultimately, the amount you get depends on certain factors.
This includes the consistency of your traffic, how targeted it is, and your niche are just some of the factors that will come into play here.
5. Working On A Email List
If you check your email account, you may have some emails coming in from companies.
This could be every week or even a daily basis.
Here you are on an email list of other companies, and if you ever engage with them, they are likely making money from you.
So this is where you can get act upon and build your own list.
Which you can then fill with contacts that are interested in what you offer.
Not only can you make money, but you can keep on doing so on a regular basis.
And that is why building a list early on is so key.
Now I will say it now; unlike throwing ads on your site and even selling products, this process is long.
Because at the start, you will likely have a website with no traffic and a list with no contacts.
If you put the work in early on and accumulate sign-ups to your list month after month, you will be at a point where you can start making good money.
This is where creating a course becomes handy.
Because if you have all these people who are interested in your brand and have been following you.
The chances are they will be interested in purchasing a course from you two.
6. Selling Your Website
If you’re making money with your website, then most likely the case someone else might be interested in taking it off you.
That is because, just like properties and real estate, there are people who like to invest in websites and sell them on.
Now, if you are new and this is the first time creating a site, then focusing on building the site up should be the main focus.
However, if you get to a position wherein 6-12 months and you making a couple of hundred bucks a month, you could sell it for a few thousand dollars.
Essentially the more you are making with the site, the more you can sell it on for.
It gives you an option if you have lost passion for the site or just want to pursue other ventures/websites.
The rule of thumb when it comes to selling websites. Is you take whatever revenue your bringing in a month and multiply it by 12-24.
So, for example, if you are making $1000 a month, maybe by incorporating some of the ways I have mentioned on this site, you could get between $12,000 and $24,000 dollars.
As you can see, not only is that a range, but its a very rough estimate, because there are other factors that will influence the price and how much your site is worth.
7. Extra Content Through A Membership
This year has seen a big boom in the use of memberships, with thousands of influencers using platforms such as Only Fans and Patreon to bring in an income.
When I say an income, for a good chunk of influencers, they are getting as much as £30,000 a month by offering an extra service via a membership.
This is because they have an audience that is targeted, and since they are offering a service that interests them, a chunk of them have gone ahead and brought a membership.
The same can be done with a website and no matter what niche you are in.
If you can find something that you could repeatedly offer every month, then setting up membership is a great outlet to do so.
Think about it like this, if you have a website that receives 1000 visitors a day that is relevant to your niche and you decided to do a membership service.
If you charge $10 for this membership, then ten people a day could get you $100, which would result in $3000 a month.
That was just an example. However, if you are good at converting, you could easily earn more revenue.
If you have a website that is generating traffic, however, your monthly profit is $0 then using one of the above ways will help you out,
Like I mentioned earlier, some of them are easier than others.
If you want to do a membership service, it will require more thought; however, if you just want to get the ball rolling, something like ads will get some money coming in.
I listed seven ways you can monetize your site, but you will surprise to hear that there are many other ways to do so. If you’re in a certain niche and you see a gap where you could offer something of value to your audience and get rewarded for it, I would go for it.
Hopefully, these ways help you out, and if there is any that I have left out of this list, which you think should be on here, let me know by leaving a comment down below.