How to Monetize Your Website at Little Cost
The desire to earn a living from the internet has in recent times led to a boom in the number of websites saturating the web. Some of these websites have considerably high traffic, some attracting as much as half a million visitors monthly. The problem however lies in how to convert this traffic to currency. Making money from your website is no difficult task, and you don’t even have to go bankrupt to achieve this. All that is needed is for you to follow some steps to reach this end.
The first step on how to monetize your website and make money is analyzing the traffic to get an idea of what the visitors want. The two best programs to quantify and analyze your traffic are Google Analytics and Quantcast. While Google Analytics provides you with statistics like the number of pages viewed, the time spent on a given page and keywords that online visitors typed into search engines to reach your page, Quantcast gives you demographic information based on a visitor’s location.
It is expected of you to put up valuable content consistently and also to do proper SEO (Search Engine Optimization). When all these are in place, you can then take the following steps to make sure the traffic to your website translates to money in your account.
1. Use Google Adsense or any other PPC plans
Using pay-per-click programs like Google AdSense is the most common way to make money from your website. This works by putting up advertisements on your website. Whenever a visitor to your website clicks on these advert links, you get paid a certain amount of money. This offers an opportunity for a static revenue stream.
2. Try Affiliate Marketing
Affiliate Marketing involves earning a commission by simply promoting other people’s services or company products on your website. Thanks to the many online businesses springing up daily, opportunities abound in Affiliate Marketing for every website owner ready to pounce. For every sale initiated by a link from your website, you earn a percentage called an Affiliate Commission.
3. Become a consultant
Today, there are so many aspects of life where people are desperate to get help. From feeding, to work out plans, relationships and even academics. You could become an online consultant and charge fees for your services.
The secret here is for you to know your field well. This way, you gain popularity among your users and beyond.
4. Host webinars and live workshops
Having a webinar or workshop on a topic you are knowledgeable on and broadcasting it on your website for a fee is another way to convert your traffic to currency. It could be a software training, catering sessions, a skill or design, just anything you’re good at. Just ensure you thoroughly package whatever idea you wish to sell.
You could also charge companies to sponsor your broadcast.
5. Write paid reviews
Writing paid reviews for companies in your niche is a good way to earn some money. You could reach out to these companies with your proposal. By presenting their products in a favorable light to your website users and visitors, they stand to gain. They on the other hand, will pay you an agreed fee for your services.
You should however maintain honesty in your reviews to avoid driving away your users when they find out the products you advocate are no good.
6. Sell digital products
With the steady flow of traffic to your website, you could decide to create digital content and put up for sale. This should be something your visitors are interested in and could be in the form of eBooks, videos, templates, whitepaper etc. This way, you get to channel the huge traffic you have on your website into significant income.
7. Sell advert space to companies in your niche
Another awesome way to make money from your website is by reaching out to companies in your niche, giving them the chance to advertise themselves on your website for a fee. This way, they get exposure to your many visitors, while in return, you get paid.
It is plain to see that monetizing your website is no big deal. Even better, you can achieve it at little cost…or no cost even. All you have to do is follow any, or a combination of the measures given above.