How to Make Money on Your Website
Ways to Increase
Website Revenue
and Web Site Profit!
The whole point of
creating an internet ebusiness
is to make money on your website, isn't
it?
"To monetize" is simply a fancy term that basically means to convert
something into money.
So how does a
website ebusiness actually make money?
Website monetization is the process of implementing strategies that
result in converting the traffic (visitors) to the website into a
revenue stream that eventually generates web site profit.
The variety
of different ways to make money on your website is referred to as
website monetization.
Monetizing your website generates web site profit.
The more thought out and researched your monetizing plan is, the more
able you will be to make money on your website.
Although creating
opportunities to generate web site profit isn't a
difficult process at all, there really isn't an instantaneous magic
formula
that will have money pouring out of your computer with the first click
of your mouse.
It takes good old fashion hard work and a bit of trial and error to
find the right combination of website monetization options for each
individual website that
works to increase website revenue.
Remember, you are building
an ebusiness!
As with any business venture, (and any website has the potential to be
a very lucrative internet ebusiness!) the more thought and research you
put into t monetizing strategies you choose to implement on your
website will have a direct impact on how much web site profit you will
make each month.
The key elements to make money on your website
and ensure that your ebusiness
website is not only
successful but profitable as well begins with. . .
Research:
Research the website monetization options that fit best
with your website topic, content, and most importantly offers exactly
what your visitors want and need!
Valuable Content + Traffic
= Income:
Consistently creating valuable
content builds traffic to your site. The more visitors to your site,
the more opportunities you have to convert that traffic into income by
offering knock-your-socks-off content and recommendations for the
products and/or services that your visitors want, need and have been
searching for. . .
In other words know what your visitors want . The
more sales you make, the more you will make money on your website and
experience increase website
revenue.
Test:
Test a
variety of monetizing options. If one strategy doesn't work well,
try another. Test again. It can literally be a matter of trial and
error until you find the perfect mix of website monetization that works
best for your particular site's theme. Keep testing.
Diversify!
As
the old adage goes, do not put all your website
monetization eggs into one basket.
If the one company you selected to
promote their products goes out of business then you'll just have to
start
all over again. But if you have a handful of different streams of
revenue producing options then your site will still be generating some
web site profit while you research other monetizing opportunities.
Be realistic.
Despite what almost every "start your own internet
business ad and live in the lap of luxury for the rest of your life"
you see promises; you are not going to be an internet ebusiness
multi-bazillionaire overnight. It takes planning. It takes time. It
takes patience. It takes work.
Here is a quick overview of the most popular and
widely used website
monetizing options:
(For other website monetization options and
more in depth information on monetizing strategies
just navigate to "Earn It")
Google Adsense is the most popular
PPC Ad network but there are many other PPC advertising networks as
well. PPC is the
easiest way to start making money with a website.
All you do is
sign-up, then copy and paste the ad code on your web pages. When a
visitors clicks on an ad that looks interesting to them, you are paid
anywhere from a few cents to several dollars per click.
CPM stands for cost per mille; 1,000 web page views. Instead of
receiving revenue for each click
on an ad, earnings are a result of the number of page views made
that
display an ad. Ad rates, and therefore your income, are based on every 1,000
page impressions.
So if the CPM Ad network offers a $10 rate, that
means once the web page on your site has been viewed by your visitors
1,000 times, then you earn $10. (In this example, that would work out
to $.01 per visitor to
that particular web page.)
Along with Google Adsense, this is by far the most popular monetizing strategy.
Basically, if you enter into an affiliate relationship with a company,
you become a sales representative of that company's product(s). You
earn commission when a visitor purchases a product via a specially
coded link that you are provided to put on your site.
Selling text link, image or banner ads to companies interested in
advertising on your website.
Whether your product is a simple downloadable e-guide, instructional
booklet, an eBook, CD, DVD, or any type of hard good you can create a
sales page
and add a "buy it" now button from any number of companies (like
PayPal, E-junkie, ClickBank)
Using a similar monetizing model as above, offer your special skills,
expertise, service or assistance for an hourly or flat rate.
MLM or Network Marketing is one in the same. Although this website
monetizing strategy basically involves the sales or referral fee for a
product or service, the MLM strategy also includes the incentive of
increased income from the other promoters that you recruit to
represent the company as well.
This is referred to as a "distributor
downline" which has the potential to generate compensation
from multiple
levels. (Think of a pyramid structure that represents a sales force
hierarchy that you initiated with your first recruit).
MLM allows you to make money on your
website from other "recruits" since you earn a percentage from any
sales
that they make.
Request your visitors to make a voluntary donation using
PayPal. Actually, many site owners disguise a donation request as an
invitation to buy you a "cup of coffee" in a less invasive way to
solicit donations.
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