Do you have a website that you’d like to monetize? If so, then we’ve got some great ideas for you. While there are almost limitless ways to earn money online, these five options represent some of our favorite ideas earning revenue from your site.
1.Set Up A Reseller Hosting Service
New websites are set up constantly. To do this, people need to purchase hosting space on a server. With reseller hosting, you can sell them an awesome hosting package.
Reseller hosting works by letting you purchase space wholesale from a host such as GreenGeeks, and then allows you to essentially rent out that space to others at a profit.
To attract buyers, you’ll want to offer unique hosting packages with options that big-name hosts don’t have. You can include freebies, give more personalized experience, and offer a variety of options in size and scope.
For instance, the process of setting up their own website and managing is rather intimidating to many people. By offering extra bonuses in your packages (such as SEO, coding assistance, and website creation) you’ll be able to draw in buyers who are willing to pay a bit more for an easier experience.
2. Sell Ad Space
If you’ve got a popular website, then it’s likely that other brands will be willing to pay you to display their ads. Countless websites rely on ads to keep their site afloat. Social media sites, blogs, online news sites–all of them earn money by selling ad space to other brands.
Monetizing your website in this way encourages you to build up a large readership. Brands aren’t going to spend money on ads that won’t be seen. This requires you to faithfully update your content with new and engaging information. You’ll also want to make sure that you don’t overload your webpages with advertising, as this can annoy your faithful followers. Keeping them happy is vital, as their presence is what allows you to sell advertising in the first place — so don’t neglect them.
At the same time, make sure your advertisers are happy as well. Place their ads in prominent spots where they’ll be easily noticed. Focus on selling ad space to brands who sell things that your readers are likely to want.
If you’ve only got a modest following on your site, you can still make money from ads by selling them at an inexpensive rate and by focusing on start-up brands who aren’t yet able to invest big bucks into marketing. Once you’ve grown your site sufficiently you can increase the prices and start looking for advertisers with a larger budget.
3. Market Your Services and Skills
Are you an awesome graphic designer? Can you write well? Do you have epic coding skills?
If so, then setting up a website can be a great way to earn extra cash or start your own business in the world of freelancing–whether you’re a writer, artist, designer, tutor, or consultant. Having a site helps people find and remember you, and it also shows that you’re serious about what you do.
Make sure you design your site well and make it both as personable and professional as possible. Don’t forget to highlight your skills and show off previous work that you’ve done–this isn’t bragging, it’s simply assuring your clients that they’ll get what they pay for.
State your abilities and goals clearly, giving specific rather than vague promises whenever possible. Most importantly, though, give potential clients an easy way to contact you, and focus on directing them to do so.
4. Become an Affiliate
If you love to recommend great products and brands to your friends, then affiliate marketing can be a great way to do so while also earning extra cash yourself. Thousands of companies will reward you for directing new customers their way — some with in-store credit or other bonuses, and others with cash you can spend anywhere you’d like.
To successfully make money with affiliate marketing, you’ll need to build up a reputation for being trustworthy and knowledgeable. It’s best to keep your recommendations sparse until you’ve established a sizable following of people who listen to what you have to say. Trying to sell too much on your site without other valuable content can easily make you appear to be unreliable and even sleazy.
5. Sell Products
Last but not least, you can make money online by selling your products. Whether they’re virtual (such as ebooks, games, and online courses) or physical products, you can set up an online store and make money selling your products.
When you’re listing products online to sell, you’ll want to make sure that you’ve got clean photos (or screenshots) of the product, as well as a detailed description with item specifics.
But don’t stop there–make sure you tell the customers why they need your stuff. Explain the benefits, and tell them how your items will improve their lives. Highlight positive reviews from previous consumers, and help people envision how your product will make their life even more awesome than before.
However you choose to monetize your site, remember that making an income online takes time and effort. Get-rich-quick schemes are generally scams, while real sources of income require true dedication. But don’t be discouraged by this–having a website can be extremely profitable if you’re willing to stick with it and work hard.