11 Proven Ways To Monetize a Website or a Blog
Making money through Website or Blog is not a myth. People are making hundreds and thousands of dollar every month from their websites.
The process is really easy whether you are 20 years old or you are celebrating your golden Jubilee. If you are passionate enough then you can also start making money online, the only thing you will be needed is a self-hosted WordPress website.
If you own a self-hosted website then you are good to go if not then no need to worry we also have step by step guide on how to make a WordPress website from scratch.
Once you have set up your website, then you are ready to go with this guide.
But before we start let me tell you one thing if you are looking for a way to become a millionaire quickly, then you are at the wrong place.
Don't be fool by the advertisements which say "Become a millionaire in 30 days" or "How you will earn $5000 per day". Every single of them is scams, you are just wasting your time and effort there.
Unlike others "how to make money online" article, here at elegantespace, I will be teaching you 11 Legit ways to make money online through your WordPress website. So, let's get started...
1. Affiliate Marketing [...affiliate links]
Affiliate marketing is one of the most popular and reliable ways to earn money from your website.
How does it work?
When you recommend a product or services to your visitors/ audience using the special affiliate link then you will get a referral commission for every time someone buys after clicking on that link.
This commission varies from company to company anywhere from 5% to 60% and in some case even more.
For an example, if you are promoting a software that cost $100 using affiliate link [ having 50% of commission] you will get $50 from each sale... Amazing Right...?
So, if you are interested in affiliate marketing, you can start by thinking about the products you have already used that your visitors may be interested in as well or you can refer the products which you haven’t used but are really nice.
Once you choose the products which are really nice and good for promotion, then you can install WordPress plugins like ThirstyAffiliates to manage your affiliate links.
You can find a huge list of products to promote from:
- Commission Junction
However, you can either make a text link or banner Ad to redirect your visitors to the particular website. For an example, I have made an affiliate link for GoDaddy and Hostgator. If you click on these links you will be redirected to the particular website. This is how it works. Simple as that.
Affiliate programs are available for every industry. To get an affiliate link you need to contact the respective company.
For reference do check 5 recommended and best affiliate marketing plugins for WordPress website.
2. Earn Money Through Google AdSense
If you are a newbie and you don’t know where to start from, then Google Adsense is the best place to earn money online. All you need to do is add a code from Google to your website and start displaying ads.
How Adsense works?
Once you sign up for Adsense and your account get approved. Google will start displaying relevant ads on your website and you will get paid each time when someone clicks on the ad displayed on your site. Your cut might be anywhere from $0.03 to $5 per click.
You will also get paid for ad views instead of clicks which comes under CPM [ cost per thousand impressions].
For more details and to get started with Adsense check our comprehensive guide on how to monetize a WordPress website with Google Adsense.
3. By selling Ad space
Instead of relying on an intermediary [Adsense or other media network] who takes a cut of the money for displaying ads on your website you can directly sell the Ad space to your client.
In simple language sell your own ad space to the companies that are looking for the endorsement of their product on a website. You can set the price for each ad space available on your site.
The price of Ad space will depend on how many visitors you are getting in a month. More traffic more revenue. The good thing about this approach is that if your site gets a ton of traffic from the different source, your simple banner ad pricing can go up to $7000 per month [ from one Ad space]. If you have 3 then $21000..!!
However, if web traffic is low, don't expect to earn either through this method.
Still, directly selling ads takes more work to manage than using Google Adsense. Instead of just adding a bit of code to your website, you will have to take care of everything from negotiating the price to all the administrative work and terms of service with each client.
The key to getting direct advertisements is to add an advertisement page on your blog and give all the necessary details like available ad space, traffic details, and marketing pitch.
Where can I let an Advertisers that my website is selling ad space? See our article how to sell ad space on my WordPress website.
4. Sell Your Own Digital Products Like eBook
Selling your own digital products through your website is a great idea and e-book is the best among them [ because it is really simple to write and produce ].
The best part there will be no middleman between you and your buyer so, you will get the full amount of your products immediately.
If you have been blogging for a while, then you can collect some of your blog posts and turn them into eBook.
To manage all the process of online selling I recommend Easy Digital Downloads since it is easy to use and includes all the features you need to create your online store. For designing eBook cover you can with Canva.
5. Sell Online Course
Apart from ebooks, selling an online course is another good example of digital business.
Generally, income through online courses is higher than selling ebooks. Perfect examples of this business modules are Udemy, Udacity or Byju's. By selling online courses they are making tons of money every single month.
You can also offer some online courses in which you are expertise.
To do so you will have to create a lesson for your courses, plus any supporting material that you want to includes such as downloads, templates, checklist etc.
Just like Easy Digital Downloads, you can use Learning management plugins to sell online courses.
6. Accept Sponsored Blog Post [...only quality post]
If you don't want to display ads on your website or don't want to sell any courses then you can go with sponsored blog post.
A sponsored post is just like a sponsorship program which runs on TV shows or other industries. Basically, a company pays you to represent their products, talk about it and promote it to your visitors.
To get a quality sponsor, add an advertisement page on your blog and give all the necessary details like traffic volume, social media followers, and marketing pitch.
If you are getting decent traffic on your website you can contact to the advertisers to promote their products.
When done right, this can create a win-win scenario and you will start earning a decent amount of money.
7.Earn Money by Flipping Website [...Create...Sell...Repeat]
Believe it or not, you can make a huge amount of money by selling your website. If you know how to make a website, then you are way ahead of most people.
Nowadays entrepreneurs like to buy already established websites to run their own business.
For example, if your website is making $600 per month through selling ad space, you might be able to sell that website for $30,000 – $50,000.
To be very honest, I will not suggest flipping of website.
But if you want to sell then there are some website which will help you in selling your site.
Where can I sell my website?
8. Create Restricted Members Only Content
It will depend on how good your contents are and how popular and worthy your content is.
If your content is unique and is really nice, your visitors will definitely pay to read more of your work. To do so you can create members only area to share premium content with your premium members.
You can easily create a membership site with a variety of plugins available on WordPress.
9. Offer coupons
People are eagerly looking for discount and promo coupons for everything from clothes to high-end products, from hotels to complete travel package.
If you can offer a valid one, you can also get a cut of the revenue too. Somehow it is similar to affiliate links/ marketing.
You need to contact the affiliate team of the brand, for which you are planning to offer discount coupons.
10. Make an e-commerce website [...sell physical products]
WordPress website is not only about blogging and making an informative and entertainment website.
WordPress is so rich in features that you can turn your website into online e-commerce website just by installing free Woo-commerce Plugins.
You can add any products you want to sell [ not the restricted one ] and can make a huge amount of money. To get started, check out our article how to make e-commerce website step by step.
11. Accept Donation from visitors
Last but not least, you can add a donation button on your website to earn some extra money, it can help you to cover expense in the short-term.
If people like your article and want to support your journey they may help you with some donation.
To accept donation you can add a PayPal donate button to your website.
Hope this post will help you in monetizing your website. If you have any question feel free to ask me. I will definitely help you with that.