You can monetize niche website with Affiliate and Display ads. You can also create your own products and pitch to people.
For most of us blogging is just a hobby. But do you know that you can make a living out of them? Yes! You can actually make money and follow your hobby at the same time. But there are certain steps required to do it.
This process is called website monetization, but how to monetize a niche website? Monetizing a niche website can be actually profitable as many people have made it their career. Therefore it can be said that influencer marketing and blogging are more of a profession now.
Keep in mind that making a website is easier but maintaining it is quite a challenge that is why most new bloggers quit even before they start earning. Before monetization starts, you have to work a lot on the initial stage, target an organic audience, and most importantly publish new content regularly.
If all said is done that it’s time to think about monetizing your website.But how do you monetize a niche website? What are the steps to take in order to get paid? Well in this guide we are going to discuss it so don’t go anywhere and start reading my guide as it sure will help you to start earning.
10 Most Common Ways To Make Money With Your Niche Website
Keep in mind that you will not be able to make money all of a sudden. Instead, you have to follow some monetization strategies which will help you achieve good ROI. Some of the good strategies are as follows:
1. Affiliate Marketing Using Affiliate Links
Learning and applying affiliate marketing to your website is always a good idea because in this service you don’t have to produce your services and products. You just have to promote another company’s service or product by some methods like placing a tracking link on your website. In return, you can earn a commission as big as 70% which depends upon the type of product you choose. All you have to do is to choose a perfect niche website and then choosing the right products to sell.
“As an affiliate, make sure that the products you promote are actually good. And if possible, use them yourself so that you know what you’re promoting and eventually can become an expert in your niche,” says Supermetrics affiliate manager Johannes Rastas.
The number of earnings largely depends upon the type of product you choose and digital products are one of the most demanding niches to get into. The average affiliate marketing website earns around $2,000 per month, but it can increase up to $5,000, $10,000, or even $100,000 with a big enough traffic.
2. Product Reviews
I don’t know about you but if you ask me then I am the kind of person who reads online reviews of the products first before buying them. Like me, there are almost 80% of customers who do the same. Therefore as an affiliate, publishing honest products reviews will get things rolling for you greatly.
3. Google AdSense And Ezoic
Ezoic is premium ad network that pays you based on 1000 page views. On the other hand Adsense follows PPC method. In this method, you have to sign up with an ad network that acts as a middleman. It means it provides you all the ads that you will present on your site. The benefit of an ad network is that you don’t have to search for advertisers.
It works with other ad networks and further extends monetization options for your site. The cost per click depends on the product and the brand value of your website. Most sites start at a rate of $0.50 per click, but famous websites can even demand as much as $5 for a click.
For your website to start decent earning from PPC advertising, combine it with other methods like affiliate marketing. If you are doing everything right then you can earn around $1,000 a month from clicks. But your earnings also depend upon two biggest factors and those are:
- Traffic: Greater traffic means more people will visit your website, in return more clicks you will get.
- Ads network: Choose your ad network wisely as many give smaller commissions.
There are many PPC ad networks and AdSense is one of those. If you want to monetize your website with AdSense then make sure that your website follows Google and AdSense criteria. If you already have signed up for AdSense and have not approved then be patient it takes time. And the second you get approved then add the Google Adsense widget on your website in order to start placing ads.
4. Create and Sell A product
There are two kinds of products
- Digital: If you want to monetize your site then selling a digital product might be a great option as it does not require regular content like blog posts. You just have to promote the said product to your targeted audience wisely.
- Physical: Monetization through physical products might be more difficult and time-consuming than digital products because to sell physical products you also have to manage inventory, fulfillment, shipping to a third-party provider, and also on maintaining good customer service. And don’t forget to promote the product above everything else.
5: Sell Ad Space On Your Site
Instead of using advertising networks like Google Adsense, you can display ads directly of the businesses. For this, you can contact businesses directly and set your rates too. But keep in mind that you have to work twice as hard to promote your ad space and negotiate with businesses. Also, not only you must have high traffic but also high conversion rates as well.
All you have to do is to create a media kit that should have all the necessary details about your website, such as traffic, etc. This kit will act as your visiting card by which you can find potential advertisers on different platforms.
6: Memberships
If you want to have a steady income then you can set up a paid membership. You can set paid membership for online learning like different courses, webinars, etc, and create a paid gated community where your users can engage in forums, workshops, and discussions.
7: Build An Email list
Many sites monetize their email list too. How? Well if your newsletter is giving any kind of value to the users then you can also charge to access it.
8. Generate ‘Leads’ for Other Companies
If your site promotes products of different businesses then you can direct the interested users to their landing page through a form that you will create on your site, because lead generation service can help add revenue to your site.
9. Accept Visitor Donations
Visitors’ donations are helpful to keep you afloat, but how to get these donations? Well, you have to convince your audience for it with your quality content. You can also push a cause on your website to convince your readers. But do not combine this donation strategy with other monetization methods as it will create astir in your audience and they will be hesitant to contribute because they will think that you are already getting paid.
10. Sell Sponsored Guest Posts
You can also monetize your website by publishing sponsored posts. Sponsored posts include product reviews, features, offers, announcements, etc. You can create the content yourself and also you can accept the one which is already made by the businesses. You can charge a high rate if you are creating them. The rates of these sponsored posts depend upon the popularity of your website.
A sponsored post can cost anywhere from $50 to $100 and much more. For example, a huge website like BuzzFeed charged six figures for five sponsored posts in 2014. The average website can expect to earn $2,000-6,000 a month from sponsored content alone.
Bottom Line
If you want to earn money from your website or blog then you must work hard and decide everything wisely. In this article, many strategies were discussed but how to monetize a niche website depends upon which strategy suits you the best. But remember that whatever the strategy you choose, it will take some time and quite a lot of hard work and dedication.
