5 Ways To Earn Money On Your Website
When owning a website or in the process of creating one it is useful to consider using to its maximum potential, including following tips and tricks to earn money from it. Taking this into consideration, we have listed 5 helpful ways to earn money on your website.
Selling Ad Space
This method is very simple and taken advantage of by a lot of website users. The process of selling ad space really is as simple as the title, you sell a section of space from your website to be used for advertisements. In order to sell this space you name a price and get paid by the company that want to advertise within your website, but consider the popularity of your page when listing a price in order to be fair and keep your advertiser on board for example if you have a small start up website have a modest price while the website traffic is slow. Additionally, this works in reverse so the busier and more used the website is the higher you can set your price. At this point you may be thinking adverts can look messy and off putting, but if you cleverly assign them to a certain area like slotting them in neatly with the flow of the page or having a column to the side of the page.
By making links with affiliate networks you receive a set sum or percentage of the sale amount through the link on your website, each month. Although this may be a steady way to earn money, the more audience your website has the more likely the website will receive more referrals towards the affiliated network. Additionally, with networks such as Amazon Associates the audience does not have to purchase the product being advertised by they just have purchase something off the website within 24 hours of clicking the link, which for a website as big as Amazon is a high potential money earner. Other great companies to consider are Clickbank, Linkshare, Ebay Partner Network and the list goes on.
Offer Premium Memberships
If you have a regular and large audience then this is one to consider. In order to gain a regular flow of money from your website you could offer a Premium Membership at a monthly cost in return for great customer incentives such as extra content. This method is largely targeted at a highly polished and advanced websites that are likely be at a high enough standard for users to be willing to pay a monthly amount to be able to access more features, content and extras from an already incredible website.
Donations and Sponserships
This is a really simple and easy way to monetise your website. Although some people may feel this sounds cheeky, the whole process can be executed in a really modest and polite way. By creating and setting up a donation button it allows for regular users or people that want to help a new business donate money to show their support to you (the owner) and the appreciation of the website itself. This method is not a secure way of receiving an income and can vary largely from month to month but in order to gain the most out of having the donation button it is a great idea to explain what the donations are for such as research costs, expansion costs, hosting expenses etc that are all relevant to the viewer. By explaining to the audience what these donations are for it gives them a piece of mind and will make them feel good knowing where their money is going.
Sell Your Content
This sounds very invasive and complex but is actually a really simple and potentially very profitable way to earn money. By selling your skill through the way you display it, is actually very logical. An example of doing this might be selling the images you create or photography to take, writing an e-book if your area of expertise is cookery and recipes. This method of monetising your website is perfect for those with a talent that they want to share with others, however it is important to be realistic in what you think you can earn if what you’re selling is within a niche market. Additionally, remember to be fair and realistic with the initial price of your content and treat it as a starting point to see how much you sell for example a e-book and depending on popularity you can alter your pricing from that.