30 Ways How To Monetize Your Blog Part 2
How To Monetize You Blog or Website Part2
16. Teaching Program
The next step from writing tutorials would be to create an online teaching course. You could charge people a membership fee (see #22) or a fixed amount for joining a course that you have set up.
These courses could be about anything and could include podcasts, videos, tutorials, etc.
For example, you may be an expert photographer. You could set up a 2 week online training course detailing how to be a better photographer. You could make videos describing all of the different equipment that you might need, techniques that help achieve excellent quality photos, how to develop photos in a dark room, etc.
You need to make sure that the information that you offer to your paying customers is different to any free content that you offer on your site. You will receive a lot of complaints if you just charged people $100 for information that they just read in your free blog! You can only charge people premium prices for premium content.
17. Live Workshops
The next step from creating an online teaching course is to have a live workshop. Live workshops let you interact with your audience and find out what they like about your website. People who come to your workshops get to meet you and ask you questions face-to-face.
Many people find these types of workshops appealing as they can get so much more out of it, than just following an online tutorial. This is why some people are prepared to pay a lot of money to attend these workshops.
As well as charging people for a ticket, you can make money in other ways from these gatherings. You can promote your own products or books (See methods #12, #13 & #14) at the end of each workshop. If you invite guest speakers to attend your workshops, then you can also collect 50% of everything that they make from promoting their own products.
You can also record the whole event and upload it to your website afterwards, perhaps advertising a future workshop.
Workshops aren’t hard to arrange. Many hotels have conference rooms that you can book for an event. Once booked, you have a date to promote to your readers of when the workshop is taking place. You just have to prepare some kind of presentation, and keep advertising your upcoming workshop.
18. Host A Webinar
Webinar’s are basically a live workshop online. People go on to Webinar’s to hear you talk about your specialist subject. This is great for people that live over-seas that can’t get to one of your workshops.
You make money from Webinar’s by charging an individual for a virtual seat on your presentation. They pay to watch you perform your presentation online and they can interact during the process.
Webinar’s can incorporate power point presentations, web-cams, photos, microphones, polls, etc., making them fully interactive with your audience. Questions are usually left till the end of the Webinar, where each viewer has the opportunity to ask any questions that they want to you.
You don’t have to charge your audience anything to view a Webinar that you are conducting. You could just use it as a marketing tool promoting your website, but the majority of people often host an initial Webinar for free and then charge people for the subsequent ones.
InstantPresenter is a great site that you can use to do this.
19. Be a Consultant
You could monetize your blog by offering consultancy in your specific niche. You need to have a large number of followers and have built a good reputation in your field for this method to earn you money. You can offer one-on-one consulting to people over the phone or via Skype for a fixed rate. People would be willing to pay a premium for this service as they are paying for your undivided attention for an hour or more.
For example, you have built a reputation as being an expert in health and fitness and have a successful blog talking about methods of weight-loss and healthy eating. You could offer a consultancy service, where for one hour a day people can arrange to talk to you via web-cam to plan out a personal tailored exercise regime. You might charge $100 for the hour and the individual might not need to contact you until the next month.
As previously stated, you do need a reputation for this to generate you any money. This is not a method for a start up website, but it could be something to aim for in the future as you grow your website.
20. Find Sponsors For An Event
If your website involves organising events, such as a workshop (See Method #17), or a weekly podcast, etc., you could find companies to sponsor them. Then at the beginning and at the end you would have to promote the sponsor.
You see this type of advertising a lot on TV and in Sport. Many TV shows are sponsored to generate income.
The advantage of this method is that it gives website owners more options to monetise each aspect of their site. Advertisers are attracted to sponsorship deals on high traffic websites as it allows them to reach a targeted audience.
21. Selling Services (Hire Me)
This is often the reason why many people start a website in the first place. You might have a profession in the real world, such as a stock trader, architect, life coach, etc. You could build a website advertising your services to increase your client numbers. Visitors can pay for your professional services through your website and receive your help, as in the previous example this could mean full financial planning and strategies on stock trading.
Obviously, with this method you only get paid when you are working.
A great way to find clients is to have your own ‘Hire Me’ page on your website. That way, people can see that they can hire you to help them out.
22. Membership Site
Increasing numbers of sites offer premium membership areas. The most famous of these are Newspapers who are switching to more online content due to decreasing sales of actual newspapers. Websites attract visitors with free content and then they realise that they can get added benefits by paying a membership fee.
An example of this could be a 3D modelling website. The website could offer free tutorials, detailing step-by-step instructions on how to create 3D renderings of objects, perhaps a car. Paying members can download pre-made 3D models that they can use in animations, etc.
23. Private Forums
Similar to a paid membership, private forums can be created to cater to your audience. Members can pay an annual/monthly fee to access the forum and interact with the other members.
There are many free forums out there, so to charge members a fee to access your forum you need to provide excellent, individual content that isn’t available elsewhere.
One example could be a networking forum where people can interact within a professional environment. A forum focusing on academic scientific research could attract scientists from around the world to collaborate with one another.
24. Email Marketing
Email marketing can generate you lots of money. The key is to build a large email list of your customers/visitors. When people register to become a member, you get their email address. When people sign up to your weekly newsletter, you get their email address. The more ways there are to get someone’s email address the better.
With an email list, you can build a brand, recommend products, promote any events/workshops that you may be holding and more importantly to can encourage people to keep returning to your website.
Email marketing isn’t a direct way of making money, but it is a powerful way of increasing your income from your other methods by driving traffic back to your site. Just don’t go overboard with emails so that they are viewed as spam! Nobody likes spam!
Check out this list of software to help manage your email newsletters:
25. Surveys & Polls
You can place surveys and polls from certain companies on your website that will pay you for the privilege. You can sign up to these sites and choose a particular survey/poll that will fit in with the content on your website. Visitors of your site can participate in voting, whilst you get paid for displaying it. Most of these polls operate on a Cost per Mile basis.
26. Paid Directory Listings
This method is an alternate way of selling advertising. Unlike displaying adverts on a page, you allocate space on your website to list links to different companies and services that are related to your niche.
For example, a blog about graphic design could have a separate page that displays links to professional graphic design companies and freelance graphic designers.
You can charge for the privilege to display these links on your website. You can guarantee that the links will be seen by X amount of people per month and you can charge a monthly fee. If you had a list consisting of 500 people and charged them $5 a month, you would make $2500 per month!
27. Job Boards
An advancement of a direct listings is a job board. You can create a web-page that allows companies to post job vacancies. You can charge a small fee for the listing and maybe even a small finders fee if the job is filled by one of your viewers.
This method is very competitive, there are many job boards out there, so a small site will have a very hard time surviving. This could be a suitable method for a larger site, as the more traffic you have, the more listings you are likely to attract.
Check out these great job boards that you can use in WordPress:
28. Sell Your Custom Template or Theme
If you have spent time making your OWN custom template or theme, then you can consider selling it. An increasing amount of people are making their own website, therefore there is a demand for more templates that people can use.
The amount of money that you can make from this method depends on your website skills. A high quality template can be sold for as much as $100+ but that is the top of the range themes. If you have a skill for making these then you could build a small business around making and selling them.
This website runs on a theme that was purchased. The professional themes at WooThemes is a great place to buy high quality templates.
There are loads of sites that make money selling themes:
29. Donations
A method that a lot of people don’t even think of, Donations can provide an alternate source of income from your website. You can get a donate button from PayPal to place on your site and ask people to donate a small amount to you for the service that you provide.
This method is a good way to generate some income if you have a small website, you could ask people to donate an amount to help you pay the upkeep of the website. This method can work for much larger sites as well, generally sites that offer helpful information to its users, can benefit from this method as it allows readers to donate a small amount of money if they feel that you have helped them in some way.
Some people may not like the idea of this, but the advantage of this method is that it can be easily set up and left. If people want to donate anything then they can, if not they don’t have to. You’ll be surprised how many people are willing to give you some money if you have genuinely helped them. Why not buy me a coffee!
30. Auction Your Website
Some websites just don’t make money for whatever reason, but before you just give up and walk away, you could consider selling your website. You can find many sites that offer to list your site for sale for people to bid on. You would be surprised to see how much some websites can go for.
Why would anybody want to buy your website? Well that is because people are lazy! It takes time and effort to build a website from scratch, so a lot of people like to buy built websites and build upon them. Some people do it for a living, building websites and then selling them on for a profit.
The advantage of this is that you can make quite a bit of money selling your website, it just depends on the quality of it.
HOPE THIS HELPS YOU :)
Thanks For Reading How to Monetize Your Blog or Website Part 2
3 comments
i think sell a theme / template is the best option if u have a skill at artwork and css/html ucan do it as well
thanks for information, I also never apply
i think email marketing is one important thing to monetize our website , but there is 30 ways to monetize everyone can pick what they want
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