People can earn $100-1,000 per day simply by using AdSense. Yet, this number heavily depends on many factors, such as the amount of traffic, location, and niche.
It can take time to grow your income to a substantial monthly sum. That’s why it’s a good idea to utilize other ways of making extra money without relying on AdSense alone.
In this article, we’ll discuss eight ways to monetize your website, even if you’re just starting out.
Sell Physical or Digital Products
Selling products is an excellent way to monetize your website. It can be an effective side income stream as it doesn’t require continuous content creation like blog posts.
There are two types of products to sell: physical and digital.
Physical products are tangible items, like clothes and toys. These kinds of products are always on demand, making them easier to promote. However, physical items include additional expenses for storage and shipping.
Meanwhile, digital products are downloadable items, like eBooks and presets. No inventory is needed to sell these products, and they’re free of shipping fees. Yet, due to its easy product development, digital commerce becomes more and more popular, making the market very competitive.
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If you choose to sell digital or physical items, consider going for a hosting plan with more extensive space, like VPS hosting from Hostinger. It’s because websites that sell products will need an eCommerce website. These require more storage as they use more plugins and images.
In affiliate marketing, affiliates will earn a commission through a custom link for promoting a product or service to their website visitors or social media followers.
Some affiliates will only get paid once people purchase something via the link, while others can get the money when their audience simply clicks the link.
One of the most popular affiliate marketing campaigns is the Amazon Associates Program. The affiliate will earn up to 10% from qualifying purchases when the product is downloaded or shipped to the customer.
To maintain your reputation, make sure you recommend services and products of high quality and relevant to your audience.
Publish Sponsored Posts
Sponsored posts, known as advertorials, are articles with a link to the sponsor’s website.
The potential revenue varies depending on the metrics, like traffic and domain authority (DA). Generally, sponsored content can generate $50-1500 per post.
One way to get sponsored post opportunities is by joining influencer websites like Blog Meets Brand and Bloggin Mamas. Create a detailed profile on the sites and include your niche and domain name to help brands understand what you do better.
Another method is to reach out to brands directly. Pitch your blog by including statistics and testimonials. Make sure your niche aligns with the brands’.
To make the information attractive, consider creating a blogger media kit. An online design tool like Canva can be a great help as it comes with a media kit template.
Product reviews have the potential to earn traffic and money, as 70% of people read reviews before buying a product. This method can also be a great place to put affiliate links. Readers may be interested in purchasing the product after reading your review.
Here are the essential components of a good review:
- Eye-catching photos. Consider showing the product in the relevant environment. For example, if you review a study desk, use props like books and a laptop.
- Product information. Emphasize the benefits of products rather than the features to help the audience understand how they meet their needs.
- Pros and cons of the products. People tend to believe nothing is perfect, so try to avoid writing 100% positive reviews to maintain your credibility.
Publish Premium Articles
For your most valuable information, consider restricting access to premium subscribers.
Mark Manson, the author of the book The Subtle Art of Not Giving a F*ck, applies this strategy on his blog. He charges $4 per month for articles with new perspectives and jokes.
If you use WordPress, install a membership plugin, like MemberPress. It provides popular payment gateways, such as PayPal and Stripe. Also, you can give nonmembers a limited number of free views.
Monetize to Your Email List
One way to monetize your email list is by using paid newsletters. This money-making method is similar to premium articles, but you send the content via emails.
To set up a paid email list, use a newsletter tool like Revue or Substack. It can help you manage subscribers, create emails, and analyze engagement insights.
Membership programs are also an excellent way for email monetization. This strategy lets you offer guided online courses or personalized consulting for the subscribers.
For example, The Bliss Bean, a personal development blog, creates an email course on productivity with daily video lessons, worksheets, and email support.
Sell Ad Space
Instead of using AdSense, you can sell banner ads to companies directly. This can be more profitable as you set the rates yourself.
Typical payment systems in selling ad space are:
- Cost per click (CPC). You’ll earn money whenever a visitor clicks on the ad.
- Cost per impression (CPM). You’ll get paid per 1,000 impressions.
- A package. You mention a price – usually a simple flat fee – for a certain period and get paid upfront.
To let people know that you’re selling ad space, consider joining platforms, like BuySellAds and Taboola, or writing the offer on your About page.
Flip Your Website
Website flipping is the process of selling a website that you’ve built or bought.
The price of the website depends on various factors, like the age of the site and the amount of traffic it receives.
Generally, it’s 24-36x the monthly revenue. For instance, if you earn $1,000 per month from the website, the website’s value would be $24,000-36,000.
To look for potential buyers, sell the websites through a website broker, like Flippa or FE International.
You have other options besides AdSense to monetize your website.
Some of the monetization strategies, like affiliate marketing and publishing sponsored posts, may require you to join third-party platforms that connect you with brands. Others will include utilizing your fanbase, like publishing premium articles or monetizing email lists.
One method may be enough to make a good amount of money, but consider using a couple if you want to add more income streams. However, make sure to always prioritize your audience before anything else. That’s the only way you’ll be successful in effective monetization.
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