In the present world, creating a website/blog and generating revenue out of it is not a daunting task.
It will not cost you thousands of rupees to create, set up and maintain a website.
Most of the people have started the blog and earn good revenue out of it. But do you think it’s the same for everyone?
To your surprise, it’s not; people are creating a website to generate revenue but stepping out in some months or by keeping certain efforts on it.
Monetization of a website needs dedication, patience and reasonable efforts to succeed in it.
As per ConvertKit’s 2017 state of blogging report, professional bloggers showed an average income of $138,064 the previous year while beginner bloggers (who created 86% of those surveyed) made only $9,497.
Most of the bloggers quit their job to earn massive revenue from blogging. Sadly, a few succeed in that. Before starting a website, you must have the right plan that will reach your goals.
So when you should begin to monetize your website?
Most probably, to earn revenue from websites, you need a fair amount of traffic that is relevant to the niche of your website. Besides this, the other vital factor to consider here is what and how you sell it?
However, you must check with these two things:
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Getting enough and relevant traffic to your website. That is you must get some thousands of visitors a month.
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Grow your email list that is relevant to your niche. Even a small list of emails can do wonders than a list with irrelevant things.
After achieving this, it’s time to start monetizing your blog. Here in this article, we are taking you through some strategies that can work for you.
Become a Freelance Blogger in Your Niche
When you have an expertise in something, you can take this as an advantage to start writing on it and share your experience with people.
You can become a freelancer and start writing on it. Most of the businesses are looking for content to fuel their businesses.
You must focus on your website by generating compelling content; audiences will get dragged towards you anyhow who are interested in that topic. In this way, you can convert some of your visitors to your business customers.
How to find the best niche for your website? Go to Google and enter keywords related to the topic of your interest; you will discover specific niche topics that can help you in gaining the right niche, which is of your interest.
You can take advantage of your website by placing ads to write content for other blogs.
Sell Ebooks to Your Audience
It’s an effortless way to get a good income from your website. Because selling ebooks to your visitors will help your audience to get the right source for gaining and for selling ebooks you will get a certain percentage of income.
Most importantly, to get a good income from your website, you need relevant traffic, and an excellent book to get max from your efforts.
Data Monetization
You can sell your website visitors to the third-parties in an anonymous form. Or exchange data with other second-party data providers or partners by compliance with consumer privacy laws.
Data which you get in an unstructured form needs to give a proper structure using the right technology and software.
Create and Sell Online Courses
Another most important way to generate income from websites is through selling courses online. The thing here you need is expertise in teaching any particular topic, and you must have the skill to present the students in a way that’s fruitful to them.
Ramit Sethi of IWT is one of the millions from the courses, he generates income not because of his name, but because he identified the problem of the people and provided them with the right solution through his courses.
Make Money with Display Ads:
When you create a website, you must select the ad-friendly website. So that, when you have enough space on the website that is very close to the eyes of the visitor, will have more chances of getting converted and reaching your end goals.
Display ads didn’t gain the right image in the market; still, it’s used by most of the bloggers in gaining revenue.
By going with ads, you don’t need a product of yours to sell, but here you need traffic and the more of it you can create the better you perform.
It will take some time to get results, but eventually, you can get them.
Ads are present temporarily, and it’s just a temporary way to make money with your website until you can determine the next best way to monetize a site.
Become an Affiliate Marketer
It’s one of the common ways bloggers and website owners use to monetize their website. Almost 15% of online industry revenue comes from affiliate marketing.
With affiliate marketing, you promote the products and services of other businesses and get a commission for every sale you do through your affiliate link in your website.
Affiliate marketers work the same in a manner of salespeople. They assist you in promoting and selling your products.
Create income from Sponsored Posts/Reviews
It’s the method generally used by the people who have a fair amount of traffic to their website. With sponsored posts and reviews, bloggers charge the business to write a review for their product or service or give any opinion.
Influencer marketing is something that gains a good reputation in the market. Moreover, over 63% of businesses who already use influencer marketing, plan to improve their spending this year.
To Sum Up:
Blogging alone will not generate revenue unless you determine a monetization strategy that works for your blog/site.
Also, you don’t need much traffic to your site to begin generating revenue from your blog. Instead, relevant traffic is essential. Selecting a niche also plays a significant role in determining the revenue to your site.
All you need here is to have a strong determination and patience, and most importantly, the type of technology you make use of.
So, to start off with the right revenue stream you have to build up a best way for multiplying the website revenues consistently.