TOP 10 WAYS TO MAKE INCOME FROM YOUR WEBSITE
Making money online has never been easier!
However, there are a lot more than two ways to make money online.
Every site needs to be treated different.
It can take a while to work out how to best make money from a website. If something doesn’t work, try something else. Don’t just give up. The main reason people fail with blogging, isn’t because their idea or website is bad but because they give up too soon.
Here are the 10 ways you can monetize your website:
Ways To Monetize Your Websites
Email Marketing
This is one of my favourite things to talk about because it’s just so powerful.
Building an email list can make you a lot of money, help you build a solid brand and of course help readers come back to your site, time after time.
Email marketing can be seen to make you money in a few different ways, such as direct email promotions, to deliver free reports that are monetized and my favorite, to drive traffic back to your site where you make money from other methods.
Gone are the days of finding it hard to get people to subscribe to your website.
A few years ago, we added a lightbox popup to IncomeDiary. Over night, we went from getting 20+ subscribers a day to well over 100.
At the time, most websites hated the idea of using popups because of the negative association people have with them. But these popups are different. Instead of popping up in another browser window, they popup as part of the page you are on. It was a lot less intrusive. Even better, it wasn’t to promote something spammy, but rather something of value to the reader.
After seeing the massive results, we decided to develop our own software so that other website owners can experience the huge gains we have. We called it PopUp Domination
Even after selling over 30,000 copies, big names in the industry still didn’t want to use it. They thought they knew better. But that’s changed now because they started using it to and saw the results for themselves. Now it’s unlikely to find a monetized website that doesn’t use popups.
Love it or hate it but a big reason for the success of popup opt-ins is down to this site you are on today.
PopUp Domination works on any website. Has over 30 different designs, each with over a dozen color options. We offer a full 60 day, no questions asked, money back guarantee.
The next best thing is a squeeze page, which is a dedicated page to getting a visitor to sign up for your mailing list. If you want to create amazing high converting squeeze pages (+ a lot more).
In order to start collecting emails, you need to sign up for Aweber which hosts your emails, allows you to send messages to them, create follow up campaigns, split test etc.
Personally I would say you should also pick up PopUp Domination, not because I own it but because it’s the best thing for email marketing. About 85% of my subscribers sign up via it, 10% from my squeeze page and 5% from other optins.
Benefits:
- Very direct way to market.
- One email can make you thousands.
- Anyone can do it.
- Considered by most to be the no1 way to make money online consistently.
Drawbacks:
- Always require new leads.
- If subscribers don’t like your emails, they will unsubscribe.
Sell Advertising Space
The most popular form of making money from a website is by placing ads on it. We all know what it is, but did you know you could make money in different ways, such as Paid Per Click, Paid Per 1000 Views or Paid Per Time Frame.
The most common form of advertising is Google Adsense which is paid per click, however a lot of people know what Adsense is in 2015 and avoid clicking them.
As far as I see it, you have two choices:
1. Find and work with advertisers yourself.
or
2. Work with a middle man who takes a cut for bringing you advertisers.
It all depends on you. Is this a business for you or is this just an opportunity to make a bit more money?
I always lean towards finding advertisers myself. In my experience you get paid more, build better partnerships and can do a better job for them.
Advertising sales makes up only a small portion of my earnings but it’s nice to know that money is almost guaranteed to come in every month.
Be warned, Google does not like the practice of buying and selling text links. People buy text links because Google rank sites better based on quantity and quality of links. When you link to someone, you are telling search engines that you trust this site and you are giving them some of your authority. Google likes this to happen organically. So when you buy/sell links and get caught, Google will punish you by slapping your site down in the rankings.
Benefits:
- Often guaranteed income
- Little effort to monetize
- Great way to connect with others in your industry.
Drawbacks:
- Takes away from user experience.
- If you set a set price per month, you can’t make any more even if you double you traffic.
- Advertisers come and go, you have to spend time editing, adding, deleting and finding more advertisers.
Review Products as an Affiliate
I know quite a few people who review products on their blogs, it makes great content and if the product you are reviewing has an affiliate program, can make you a lot of money. You can review anything from software, to bikes, cars, hotels, holidays, food, anything you could think of and it’s all tax deductible (I believe) if you buy something to review.
I personally want to review one product a month, it’s not so many that readers will be turned of but enough that it will make up a high proportion of my income. Doing small amount of reviews means you can pick all the best products and don’t have to speak about negative ones.
Benefits:
- Great source of income.
- Converts higher then banner ads and email promotions.
- Free products sent to you to review.
- Connect with industry leaders.
- Get noticed as a top affiliate.
Drawbacks:
- You can’t always say nice things.
- If you say bad things, don’t expect to work with that person.
- Products become irrelevant quickly in some industry’s.
Promote Products as an Affiliate
Another hot topic here on IncomeDiary.
We earn around 30% of our income from promoting products as an affiliate. What this means is we recieve a commission when you buy things.
Don’t be alarmed, we promote what works for us, not because we will earn a commission. Fortunately nearly all products that exist, have an affiliate program. If you can’t find an affiliate program for a particular product, type product name + affiliate into Google. For example: PopUp Domination Affiliate.
In my experience, affiliate marketing works best when paired up with email marketing. Top marketers consistently agree, year after year, that email marketing is their most important income source. Combine that with affiliate marketing and you have a winner.
There are so many ways to go about finding a product to promote, it often depends on your industry. For a fitness blog, you could go to Clickbank, find a product about six pack abs and grab an advertising banner from their resources area and put it up on my website.
You could also do a blog post such as, 7 Ways To Get Six Pack Abs, then at the end, promote the product.
We have a photography blog. One of the ways we use affiliate marketing is to promote the cameras and accessories that we use. All of these are available on Amazon. So we signed up for Amazons Associate program and receive a commission every time a customer buys something through our link. We also get a commission on anything else in their shoppingcart which is kind of them.
Benefits:
- Can earn you big bucks!
- Can get high conversions if your promotions are done right.
- Passive income.
Drawbacks:
- Earnings are not guaranteed, can earn $100 one month, $1000 the next.
- Great products can have low converting sales pages.
- High converting sales pages can have crap products.
Offer a Membership Site or Premium Content
This technique I have seen become more and more popular over the last couple of years.
Premium content is paid for in a special members area, typically there is free content which attracts readers and then they realize they need more and will pay for it. PSDtuts have a great example of this, readers come to see free tutorials on how to do something in Photoshop, then they tell them they have to become Plus members to get the photoshop files and see even more advanced tutorials.
Your first step should be to work out what your going to offer. Then, you want to create a membership area for them to login and see the information your selling, I spoken about this in detail here. Next, I would do 3 things, email my mailing list and do a blog post about the membership, then create an advert for the bottom of every post which says something like, Liked this?
Benefits:
- Continuity income, keep making money, month after month.
- Can be set and forget, if you time release.
- Affiliates will send you traffic!
- Can be a huge earner, it accounts for over $90k a month for Tutsplus.
Drawbacks:
- Can be a lot of work to set up.
- Regular work to release more content.
Create & Sell Your Own Digital Product
Something I’m experimenting more and more with and I’m not sure if it’s just me.. but it seems like the world has gone crazy about making products, they are everywhere which has educated the market so they know they have to purchase content now. The simple version of creating a product is as followed, create a 30+ page word document about something, turn it into a PDF and sell it.
Personally I think your first steps would be to ask your audience what they want to know more about, create a product around that and sell it!
If your goal at the beginning is to make only a small amount of money, say you expect to make no more then $1000 from selling it the first month or two then I recommend you go with using PayPal like with selling services. Once you grow your business and you are selling more, a great choice is to use Samcart who handle all the orders and allow you to have affiliates.
Benefits:
- Affiliates send you traffic, build your business.
- Because of affiliates, you have a passive income.
- Great for building your brand and authority.
- Big Money Earner.
Drawbacks:
- Time consuming to setup.
Sell Paid Directory Listings
This isn’t very common but I believe it should be.
I see it as a smart way to sell advertising, you see instead of putting adverts on your sidebar, you have a directory on your blog where you link to different company’s and websites in your industry and charge a premium for the listing. If you charged a monthly fee, so for example, say you had 1000 people listed in your directory and charged $7 a month, you would earn $7000 a month in continuity.
In some ways, this is actually beneficial to the reader, say you have a website about becoming a model, in the directory could be a section for photographers, where photographers pay to list their services. Models will come and look for the right person to take pictures of them for their portfolio, helpful and profitable.
Just like a job board, I would add adverts to my blog, promoting the directory to make sure customers are happy with the number of people seeing their ad and the traffic they get. To start with, I would even advertise on other sites to get people to list in your directory, as well as reaching out to people and company’s to buy a listing.
Benefits:
- Highly profitable.
- Useful to readers.
- Makes you stand out as your doing something different.
- Nearly guaranteed income.
Drawback:
- Costs to setup.
- Smaller sites may not work so well.
Write Tutorials & Promote Something
Another thing I don’t see often, but I love to do!
Content is what everyone is after, that’s why they come to your website, so create content which includes them buying something so that when they do buy, they buy via an affiliate link, and you make money!
What I do to create a tutorial is start with the product, find one that you are using and you get a lot out of, it of course needs an affiliate program. Then do a tutorial about doing something using that tool.
So for example it could be a post about Photography and take a specific type of photo but you need this lens to do it.
Benefits:
- Makes great content.
- Good for search engines.
- Profitable long term.
- Quick to produce.
Drawbacks:
- Finding enough products that have affiliate programs.
- Some people may not be interested because they don’t yet have the product.
Publish a Book
A lot of people want to write a book, however they have no audience.
A blog can bring you branding, can help you connect with other people in your industry, help you understand what people like to read about, more importantly what people don’t like. All this can help you write a book that can become profitable.
A lot of people don’t consider a book because you only get a couple dollars a book but that’s not just what you earn.
Publishing a book can allow you to then launch a product because people always want more, also a more exciting prospect is being paid to speak. If you are published, your automatically seen as an expect, it doesn’t matter if you never sell more then a dozen books, this means you can charge to speak and charge a lot more for consulting.
There’s so many different ways to go about publishing a book, most choose self publish but if your blog is successful, either they will find you or in my case, a friend connected me with his published and told me I should write a book. Someone in your industry who blogs, will also have published a book, help them and they will help you.
Benefits:
- Authority.
- Long term earnings.
- Increase your charge for consulting.
- Paid to speak at events.
Drawbacks:
- Timely or expensive if you have a ghostwriter.
- Doesn’t make you a lot of money on it’s own.
Offer Live Training and Workshops
Just like selling consulting and services, you could also use your blog to sell live training, workshops and seminars.
People read your blog but I wouldn’t be surprised if over 80% don’t act on what you say. Having a workshop means they learn from you and implement with you, this is a very attractive offer to some people and they are willing to pay high prices to do it.
You don’t just make money from the price of the ticket but you can also make money from selling follow up workshops and masterminds. If you bring in speakers, then you also collect 50% of everything they make if they sell from stage at the end. Another thing to consider is recording the event and then selling that as a product on your blog.
Putting on an event is a daunting thing, however it really isn’t to hard. Ring up a hotel, book a conference room, now you have a date, write a blog post and send everyone on your mailing list to that page.
Mention your event every where and keep hustling! Apart from that, all you NEED to do is create your slides and turn up. Some of my friends even hire people to run everything for them so they don’t have to worry about the event side of things themselves.
Benefits:
- Can make you a lot of money.
- Can be made into a product.
- People will invite you to speak at their events so that you can sell yours.
- Makes you an authority.
Drawbacks:
- Time consuming.
- Selling can sometimes be hard.
- Stressful for first timers and often the pros.
Sell Your Website
Definitely my favorite of all the above and also the one that pays the most.
Selling your website can make you very wealthy, or it could be just a nice retirement fund. Whatever it is, it can be a great way to get a large lump sum of cash.
Typically, websites sell for 12 – 24 months revenue, however if your site is old, has something unique about it or is the authority in your industry then you can expect any figure you want. I have seen some blogs go for over 200 years revenue and it didn’t even make $100,000 a year.
Work hard and it will pay off.
It is important to remember if you sold your site for 2 years revenue and it made $5000 a month, you would get $120,000. To earn that amount of money it could take you 6 or 7 years because of expenses and taxes. Also you have to consider how long it took you to build your business, if it took you a year to build your blog and it’s now worth $120,000 and you made $60,000 this last year.
That I would say would be a very profitable year! If you’re already at the stage where you can sell a website then head over to Flippa, this site allows webmasters to sell websites and allow people to come bid and ask questions.
Benefits:
- Large amount of cash.
- Can be sold within a month.
- Enough money not to work for years.
Drawbacks:
- You lose an asset.
- You lose an income steam.
Thats it. Our top 14 ways to make money from a website.
Here is a quick recap of what you need to do:
- Get Aweber.
- Get PopUp Domination.
- Get Optimizepress.
- Create a free report or eCourse to give away as an insentive for signing up for your list.
- Create your own online training to sell to your subscribers.
- Find highly rated products to promote as an affiliate to your list.
- Reinvest earnings to make even more.
- Get Samcart to increase checkout and upsell page conversions.
- Use Samcart to release your own affiliate program to get other bloggers and competitors to promote your stuff.
Good luck.
