In this article we'll look at how and when to monetize your website. It's so tempting to want to start putting up ads immediately, but don't give into the temptation. It you have a small site with ads everywhere, it'll just turn visitors off.
There are 3 things you should have before you monetize your website.
Ways You Can Monetize Your Website
Promote An Affiliate Product
The best way to monetize your website is to promote affiliate products. Each affiliate product you promote should have a "personal" feeling about it.
Think about a magazine or television ad you've seen. All commercials or ads promote a product and it's benefits. You're acting as an advocate for the product.
Choose the Right Affiliate Product
Join an Affiliate Network to find products and/or services relevant to your niche to promote.
Listed below are the top affiliate networks to join.
Pay Per Click Advertising
Generally referred to as PPC, the concept is self explanatory. You place ads on your site and if a visitor clicks on the ad, you earn money.
Typically, you won't make loads of money from Pay Per Click Advertising but it can be combined with other methods of monetization for for your site. Some pay per click advertisers are: Google AdSense, Chitika, BidVertiser, and Clicksor.
Cost Per Mile (CPM)
Commonly referred to as CPM, this method of monetization refers to the cost of 1000 ad impressions.
You are paid by ad views whether a visitor clicks on the ad or not. If you don't have a high website, your earnings will be slow until traffic increases.
Write an E-Book
You're already building your niche site so why not write an e Book?
There are so many e-readers now days people are starting to shy away from physical books. Creating your own e-book is relatively cheap and easy.
Sell Your Own Products
Has your dream always been to sell crafts? Create and sell your own merchandise on your website. You'd be surprised how many people would be interested in purchasing your unique creations.
Sell e Books, MP3s, clip art, cartoons or software. The ideas for website monetization with e-goods are limitless. If it can be in a digital format, it's an e-good.
No inventory to keep up with, no warehouse.....it's a no brainer.
If you have a craft website, create "how to" videos that go with your e Book and sell them online. Create both a digital and hard copy (CD) version for sell.
The key here is to deliver what your visitor is looking for. If they landed on your site because they are interested in learning how to make crafts, deliver what they are searching for.
In summary, make every visitor to your website count and create multiple online income streams.
Diversifying your income stream allows you to monetize more visitors (all visitors may not be searching for the same thing) and you are not solely dependent on one source of income.