Blogs or websites are the main source of income for thousands of bloggers and webmasters. Your blog or website is a great opportunity to sell your products and services to hundreds of thousands of people from all over the world. Would you want to lose out on such an excellent opportunity to reach out to this vast market? This article will help you understand the different ways to monetize your website and we are going to list some best monetization programs which you can try to monetize.
These are 15 Best Monetization Programs & Money Making Ideas:
1- Membership program
The “freemium” model is a huge and growing trend in online income right now. You provide a lot of quality content for free to your audience, and you provide a premium-level program to those willing to pay for it. You charge a monthly membership and that provides continuity and a steady income stream.
2- Information Products (of your own)
The selling of knowledge is HUGE. If you build up your position in your market, you can then sell quality information to that market. This can take the form of e-books, audio, videos, or all of the above. You can package them up or just sell them digitally. If you author the product yourself (recommended), then you keep 100% of the profit.
3- Services/ Consulting/ Coaching
Another great way to make money with a blog is an indirect one. Use the blog to build reputation. Build a brand and build an audience. Then, you make your money by directing that attention into offline services, consulting and/or coaching. This can be quite lucrative. The drawback is that you are, again, trading time for money. So, it is only scalable up to a point.
4- Speaking Gigs
If you become well-known as an expert in your niche, you can turn that into speaking gigs which you get paid for.
5- Product Sales
If you have a physical product line to offer, you can use the blog as a face for your online store. Sell whatever you want. For example, if you are an artist, you can use an online store to sell art pieces and a blog to build up audience and a following.
6- Affiliate Programs
Affiliate marketing is a great way to build up your income. You offer the products of others to your audience and get paid when they buy it. In fact, any time you recommend a relevant product or service to your audience, check to see if they have an affiliate program. If so, sign up and use your affiliate link. After all, if you’d recommend it to your readers anyway, you might as well make a little cut if they happen to buy.
7- Direct Ad Sales
Direct ads and in-text ads are another popular way to make money. In fact, it is usually the first method you think of. However, if you're going to go this route, selling the ads directly will result in more cash in your pocket.
8- Banner Advertising
OK, if you don’t want to sell your own ads, you can obviously still run network advertising from a variety of different sources. You can use Adsense, Kontera, IDG and a little bit of Tribal Fusion. You can also direct sell ads and use network ads as filler for unused inventory. It is done all the time.
9- Paid Posts
Yes, you can get paid to review products and sites on your blog. Sites like PayPerPost and ReviewMe are popular options. Some blogs sell this option directly. When doing this, it is important to disclose the fact that it is a paid review. It is also important that you maintain your integrity and never give a positive review unless you’re really feeling it.
10- Job Board
Some sites (like ProBlogger) have job boards. It does work for some sites; however it probably won’t work for a majority of blogs out there.
11- Build it and Sell it
You can build up a blog, build an audience, then turn around and sell the thing. In fact, some people actually buy blogs which are dead or are vastly underutilized by their owners. They’ll then put their marketing skills to work, build the SEO backlinks, and build the readership. Then, they turn around and sell it at a profit. It can work.
Spend some time with your blog and decide which anyone from these best monetization programs to monetize your blog.
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