If you’ve got a website with decent traffic, are you sure you’re getting the most out of your online presence? To explain, a website is an excellent opportunity to make some extra money on the side. Some monetization methods are even passive, meaning you could potentially earn money in your sleep. Whether you have a hobby site or a daily journal blog, don’t miss the opportunity to monetize. Breaking into e-commerce is easier than you might think, and here are a few easy ways to make money from your blog.
Different Types of Monetization
Before we dive into ideas for making money with your blog, let’s look at the different types of monetization. There are two main categories, e-commerce and content monetization. E-commerce primarily involves selling physical or digital items on your website. Examples of e-commerce include dropshipping, selling software as a service (SaaS), and selling unique goods or services online.
The other form, content monetization, does not involve selling services or products. Rather, it leverages your existing online content as a money-making resource. Examples of content monetization include charging for sponsored links, using affiliate links on your site, or publishing advertisements on your website. Read further for more detailed explanations for each of these income-earning opportunities.
E-Commerce Money-Making Ideas
E-commerce is relatively simple to implement on any website or secure WordPress blog. In most cases, it requires a 3rd party service (such as PayPal) in order to take payments. Furthermore, specialized plugins are needed to keep track of orders, inventory or post customer reviews after purchasing products on your website. That said, here are a few e-commerce ideas that might be a healthy side hustle for your site.
This way of making money from your blog can be simple to implement and requires minimal upfront cost. You can find resellers online, such as Spocket or Alibaba or The Main Tab, who have a myriad of products available at wholesale cost. Once you choose a product or line of products, you embed them on your website at a retail cost that you set. When a visitor purchases the item from your website, the order goes to your supplier who then ships it directly to your customer. You profit by receiving the difference between the wholesale cost of the item and the markup retail price for the item.
This is similar to dropshipping, but you can customize your offerings. Print-on-demand (POD) services, such as Printify or CafePress, allow you to put your own unique designs or logos on items such as t-shirts, coffee mugs, or canvas bags. Like dropshipping services, a custom product purchased from your website by a visitor is shipped directly to your customer from the POD warehouse. You earn money based on the markup price you set for the item.
Offer Your Experience
If you’re not keen on the idea of selling physical products, you can make a tidy sum selling your expertise. If you’re an authority on a subject, odds are there’s an audience out there looking for your specialized know-how. Consider creating digital products — such as e-books, e-courses, or tutorials — and sell these digital products on your blog. You may even think about offering personal consulting, advice, or coaching services for a fee.
Monetizing Your Content
If the idea of going the e-commerce route doesn’t appeal to you, there are ways you can leverage content on your website and earn passive income. Here are a few ideas to take advantage of the content already on your blog.
One of the best ways to generate passive income is by becoming an affiliate for companies such as Etsy or Amazon. It requires no money upfront, and it’s easy to set up. All you need to do is apply to be an affiliate. Once approved, you get a dedicated code which you will use to embed links to products found on other websites. When a visitor clicks on that link and purchases from that website, you receive a commission for the sale.
This is another simple way to earn great passive income. It costs nothing and is virtually effortless to set up on your website or blog. The most popular ad supplier is Google AdSense, but there are other advertising agencies that may work well for you. Once you sign up for an account with an ad service, you are given a dedicated code which you will use to link ads on your website. Unlike affiliate links, a visitor who clicks on the link doesn’t have to buy anything in order for you to make money. With an ad service, you make money every time a visitor clicks on an advertisement you’ve placed on your website.
Make Money From Your Blog
As you can see, with a few tools and a couple of adjustments, the prospect of making extra money from your blog is certainly a possibility. Hopefully, these ideas for how to make money from your blog inspire you to make the most out of your online presence.