are you thinking?
what is the best ways to monetize your blog?
Many blog and website owners have reported that their followers and readers actually ask them if they have any products or resources for sale. The market is out there. People want to take action once they have hit your virtual destination.
So choose a few of the following 15 ways to monetize your website
1. Sell Banner Ads
There are companies like BuySellAds and AdvertiseSpace that will help you make money in this regard. Selling banner ads on your site can generate a dependable month-to-month income. The key is in wrapping up an advertiser for 6 months or a year, rather than simply selling a banner on your site for one month.
Here is how you do that. Suppose you want $50 a month for a banner on your website. Offer a discounted price of $399 for the entire year. This is a 33% savings for the advertiser. The 2 companies I just mentioned above? They will help you get the word out that you are selling banner space on your website, so you’re not even required to do any selling.
2. Make Money from Your Blog by Adding a “Hire Me” Page
Whatever your area of expertise, and whether you are selling a product or service, do not forget to “ask for the sale”! A Hire Me page is a simple way to let people know exactly what you are selling, and what prices you are selling it for.
3. Sell Video Ad Space
Banner ads can produce a nice monthly or annual income. But think about your last experience to a website that had banner ads and any type of video. The video captured your attention much better than the banner ads, didn’t it? That is why you should sell video advertising space on your site, starting today.
A merchant can inexpensively record a quick video hyping their product or service. All you do is post their video to your site. And you decide on a monthly or annual fee to keep their video up and running.
(Bonus Tip: some business owners will tell you they do not have a video to advertise their company. Record a simple video for them, and charge anywhere from $50 – $250 for that video. Now you’re getting paid to create the video, and to advertise it.)
4. Use Your Blog to Generate Leads
If you have traffic of any kind, you can capture e-mail addresses and other contact information and then sell those valuable leads. Companies like Peerfly and Neverblue will pay you for each and every lead you generate from your website. You do not handle the customer service, and your web visitors do not even need to buy anything. This is a great “hands-off” way to monetize your website.
5. Sell “Clickable” Text Ads
This is one of the least used and simplest website monetization processes you will ever discover. You probably know how to make a clickable text link. If you do not, hire someone from Elance or an Internet marketing forum to do it for you. It literally takes less than a minute once you know what you are doing to make text on your website or blog clickable.
And while many businesses will not want to invest the extra money required for purchasing a banner or video ad on your site, you can sell text links at a lower cost. For example, you may want to advertise 5 clickable text links per month for $50. Sell 5 or 10 of these inexpensive packages and you have a nice little recurring income.
6. Create a Membership Program
This step is applicable even if you don’t get that much traffic. Everyone wants to be a member of an exclusive group. A lot of people believe that free information, resources, and even products have little value. So why not alert your readers and followers that you have built a special membership group that caters only to those businessmen and women serious about building their online presence? Or if you sell an off-line product or service, gear this membership program towards your expertise in that market.
The key here is to keep the monthly fee low, and the quality high. Offering a $5, $7 or $9 price tag for monthly content and services not available on your website will attract plenty of sign ups month in and month out. (Bonus Tip: talented web designers and software specialists over at Odesk can create a simple membership site for you at a very low cost.)
7. Sell Your Website
The ultimate monetization for any web property or blog is to actually transfer ownership to someone else. A lot of website owners start off building a presence in a particular niche, only to find out they really are not that interested anymore. Why not sell that site?
If you go to Flippa.com, for as little as $19 you can advertise your website to millions of potential buyers. But you do not have to pay a single penny to successfully sell your site.
If you have a Halloween oriented site, contact other Halloween site owners. Offer to sell your site for X number of dollars, or simply ask for an offer.
There are also websites like the Warrior Forum, which have millions of Internet marketing members. That is a great place to sell your website, and aside from the extra capital that sale generates, you have one less web property taking up your valuable time.
8. Give Away Something Valuable for Free
Yes, you can make money by giving away something for free. Giving away services or products is an outstanding way to benefit from the Law of Reciprocity. That law states that inherently hardwired into human behavior is the rubber band or boomerang effect. Most human beings feel subconsciously obligated to return the favor when you give them something. And when you make your gift extremely valuable, you create such good feelings with your prospect that you also enhance your image as a leader in your marketplace or niche.
Do not know what to give away? Hire a freelance writer to create an in-depth report solving a major problem in your field. Be sure to include links to your products and services in this report. Attach a dollar figure to this report to create a sense of value, and then begin giving it away. (Bonus Tip: this also gives you a valuable digital product you can sell for the rest of your life.)
9. Integrate a Podcast into Your Website
Podcasts are incredibly effective ways of generating traffic back to your website. But you can also integrate your podcast episodes on your site. This allows your followers to listen to your podcast episodes without leaving your site. That increases the amount of time each visitor spends on your site or blog, which increases your relevancy and ranking in search engines, which translates to more revenue. A podcast also effectively demonstrates you as a market expert, leading to more traffic and more sales.
10. Create a Poll or Survey
Survey Monkey is a piece of free software that lets you ask the people who show up on your blog or website exactly what they want. What better way to monetize your website then to ask your followers exactly what they want you to sell them?! The software is simple to use, even for beginners. And there are dozens of other free survey companies that you can use as well.
Hate the thought of adding software to your site? Head over to Fiverr.com and have someone handle the job for you for $5. The rest is easy. Just ask your readers what they want. One smart way to ensure that you can monetize this process is to ask the following question: “How much would you pay for a …?” You end that sentence with a product or service you provide, and you have guaranteed sales.
11. Ask For Donations… Seriously
I know what you are thinking. You do not want to become a virtual panhandler. But many websites in their first couple of years want to focus 100% on providing incredible content and value. They do not want to be seen as “selling” anything. But how do you pay the bills? You should be reimbursed for your hard work, time and effort. If you have an account with PayPal, that company can show you how to easily add text links and “Donate Now” buttons to your website.
Here is a little tip that will get you more donations than simply asking for money. Say something like, “If this post helped you, why not buy me a cup of coffee?” Attach your PayPal link and inform your readers that running your site takes time and money, and you appreciate any help they can give you. You can also create an Amazon wish list of the items that you would like to purchase, so your followers can gift them for you.
12. Make Money from Sponsored Posts
This helps in two ways. Not only do you start making money from your website by selling sponsored posts, but this also keeps you from having to come up with an idea for new content. Contact site and blog owners in your niche or market, and tell them you will publish an original post they create, along with a link back to their site, on your site. Come up with a monthly fee and an annual discount, and you are making money.
13. Partner Up with Google AdSense
If simple is what you are after, this is it. By partnering up with Google, you can place their advertisements on your site and earn a monthly income. When you are on a website and see some text or banner advertisements, those might be Google AdSense links. Whenever someone simply clicks on one of those links on your site, you can make anywhere from a few pennies to a few dollars. It’s very easy to get started.
14. Sell Someone Else’s Products
Whether you blog or run a land-based service or company, why not sell someone else’s products on your site? If you have a website, you are generating traffic through generic search engine queries. If you do not have a product to sell, someone else does.
Team up with a local or web merchant (like Amazon), or become an affiliate at Commission Junction. CJ is just one of several online companies that pays you an affiliate commission every time you sell a product from one of its sponsors.
15. E-mail Marketing
You have endlessly heard that “the money is in the list” so you had better be building an e-mail list. You are? Great! When was the last time you contacted your list?
It is very inexpensive and easy to set up e-mail autoresponders that send automatically to new subscribers. But, don’t go crazy selling here, only every third or fourth e-mail should be an attempt to monetize your website by selling something, with every other e-mail simply offering extreme value.
The 21 ideas we have given you above do not even illustrate the tip of the proverbial iceberg when it comes to making money off of your website or blog. If you employ all of the above strategies and tips, you will certainly begin to see revenue from your efforts. But, you really only need to choose a few of the proven moneymaking monetization methods covered here to begin cashing in on your blog or website.