This article is about ways to make money directly from your website outside of the traditional eCommerce methods such as having and online store where user browse your website and purchase items that you would then ship to the customer. keoghsrv.com.au is a good example of this type of website and for more tips on eCommerce websites for store owners who have physical good to sell then you could check out shoppingcartdesigns.com.au for more tips in this area.
But this article is about ways to make money from your website when you don’t have a traditional physical product to “sell”. And just before we begin I would like to stress that in order to really effectively make money you will probably have
1: Sell digital products such as photos, ebook, music- pretty much anything which can downloaded
Key point here is to be effective you have to have a product worthwhile “purchasing”
Selling your own product is awesome because there are no middle mans, no one is going to take the “cut” – it’s only YOU and the CLIENT. You can sell directly through your website and you’ll get paid directly. While it looks like a simply way to make money, it’s actually not.
It takes a lot of time to create a good product that you can actually sell through your site. So make sure it’s well-made and polished before you throw it out on your webpage. In addition, a perfectly optimized landing page for the product is essential to higher your conversion rates.
2: Affiliate Marketing
Affiliate marketing is every where on the internet and is a very popular way to make money through a website. Basically on your website you promote via a review or recommendation someone else’s goods or services and if the browser becomes a “buyer” after following a link from your website the “selling” site pays you a commission for the lead. Simply put when your website visitor clicks on your affiliate link and buys the product – you’ll receive commission.
The percentage of these types of sites are usually quite high hence the popularity of “affiliate” websites.
Where can I find products to promote?
- ShareASale – mostly clothes and accessories
- Commission junction – reliable, payments on-time.
- Clickbank – high payouts, products not so good.
3: Pay Per Click Advertising
Google Adsense for publishers (bloggers, website owners) and advertisers (business owners, marketers, product owners) is a program where the website has ad’s appearing on it (like this one tipsforyourwebsite.com with the ads on the right and in the banner) and the owner gets a small amount for every time some clicks on them. These ads are great for remarketing campaigns.
All you do is sign up for an account with Adsense and then setup what type of ad’s you want to show and how you want them to look and then you are provided with a simple script which you just place on your website where you want the ads to appear.
Google will then decide what ads to show to your website browsers which will depend on either the websites that the user has been to or the content of your page.
This is a good option for high traffic websites.
Where to sign up for Google Adsense
- AdSense – Be aware that Google is very strict with their rules and do not fully check until they actually have to pay you money so you counting your clicks and dollars going up but then just before google has to pay you they may spot a Term and Conditions violation which means they don’t need to pay you.
4: Selling Ad Space
With this option you are literally selling ad space all on your website. Step 1 is you set the price for say the ad space in your header . Step 2 the buyer whose ad will appear in your header area will pay you in advance for their banner to appear. The price will depend on how much traffic your website gets. If your site gets ton loads of traffic from different sources, the banner ad price can go up as $5000 per month. However, if your site doesn’t have much traffic, don’t expect much. Sites like NEWS.com.au make money from selling ad space like this.
websites where you can sell ad space?
5: Sell/flip your site to someone else
Website selling/flipping for a while was a very lucrative business model. A website is only worth flipping or selling if it gets a lot of traffic or generate money through different monetization methods.
The site value is usually based on the income. If your website is making $1000 per/month through selling ad space, you can sell the site for $10,000 – $20,000 (12x – 22x monthly income).
Where can I sell my site?
- Flippa – The most popular website market.
- We Buy Websites – Another marketplace.
- FEinternational – Mostly for high-end websites.
Many people “invest” in domain names without websites but as Google has reduce the importance of keyword domain names and domain swatting has become illegal domain name “values” has become a very subjective.
6: Drop shipping
For drop shipping you don’t even have to have your own website but I decided to include it in this list as it is another less traditional of making money online. Drop shipping is a fulfillment model that allows you to buy products individually from a wholesaler and the wholesaler will ship the products directly to your customer. So instead of purchasing a large amount of inventory and having to store it , you simply partner with a drop shipping supplier and list their merchandise for sale. Then, once you receive an order you forward it to the supplier for fulfillment. The supplier will ship the product directly from their warehouse to your customer, and charge you only for the price of the shipped item.
This is how many stockist work on ebay and Amazon. It sounds ideal but you must have a strong working relationship with the wholesaler.
OK, by now you have learned the ten most popular ways to earn money your website. But that’s not all you can do.