Last updated on August 16th, 2019 at 11:36 am
Most people believe that Google AdSense is perhaps the best way to monetize a blog or website as long as they are getting decent traffic. The most effective monetization strategies are those that work for your blog or website even if you generate less than 1000 visitors a day. These include: the creation of online courses, providing services such as online coaching and motivation, and creating private label rights.
Provide Products and Services
One of the best possible ways of monetizing your website is to provide helpful products and services to your readers. For instance, you can create and sell courses online, you don’t need any leads or too many customers to generate a six-figure passive income from this. You can teach people how to create apps from scratch, or how to develop a website without spending a dime. People can pay $10 to learn a course online, even though they can find it elsewhere for free, online courses are affordable and they focus on specific topics.
Another way to monetize your website is to write and publish eBooks. The main benefit of this is that you will earn royalties forever, whether people are buying or borrowing the book. Kindle eBook sales revenue are going higher, and writers are beginning to earn 6 figure income through royalties, hence there is no better time than now to advertise your eBooks on your website.
Private Label Rights
Monetizing your website through the creation of private label rights (PLR) is one the best ways to generate recurring income from your website. The main skill you need here is the ability to pay attention to details and follow some simple rules. For instance, you need to avoid labeling a product word for word, but make sure you tweak and create a content that is at least 65% unique. Labeling a product simply means re-packaging an existing product and reselling it. Many bloggers and marketers are using PLR products to generate consistent income online and you should search for a product to try out.
Simply put, PLR can be described as a license where an owner or author sells part if not all the intellectual property rights of the product. PLR products can be described as pre-written that you can easily claim as yours without incurring any legal problems. You need to create completely new content (label) out of the existing ones, in order to be a successful PLR marketer on your website.
Affiliate Marketing
Similar to PLR is Affiliate Marketing which is one of the simplest ways of monetizing your website for free. As an affiliate marketer, you pick a product and service, advertise them on your website, and you get a percentage of all sales generated, as commission. If you promote a hosting service such as iPage for instance, you can earn $100 or more for each person who signs up for the service through the adverts provided on your web pages. The more people you refer, the more income generated.
Contextual Ads
Placing contextual ads on a website is another wonderful way of monetizing your website. Placing contextual ads is very simple, all you have to do is to visit the webpage of the ad you want to place and copy the ad codes, and embed the HTML code in your website and the ads will be displayed immediately on the site. You can make money either through click-through on the ads displayed or the number of impressions (views) when your web pages are visited. You can learn more about this on Magenet.
Conclusion
There is no point in rushing through many monetization strategies at once, you can start with one strategy at a time and see which ones work best for you. Make sure you spend time creating a wonderful website and update your SEO strategies and you can rest assured of great results.
