Lots has got changed in monetizing the website or blog in recent times. Now a days, the blog or website takes birth only for monetization and people makes monetization strategy before site plan. And there is nothing wrong in this as it provides you ample scope to make money online working over the internet. We will discuss few basic core concept which might help newbie to understand the revenue source for their website. This will be followed by numerous opportunities available in today’s scenario which can be used for monetization.

So here is an overview which explains six major way available over the internet. And under each way, there are hundreds of ways to look into which will be discussed in subsequent post.

Advertisement

A very traditional method used everywhere in all media, Whether its TV media or print media. So there is nothing new to understand, you sell your space to advertiser and in return you get paid depending on the size you give to them. And like traditional method, where your advertisement tariff directly relates to your TRP or your reach, the same principle applies here. More traffic + more number of visitors = higher rate of advertisement.

To further simplify the process wherein you don’t have to take the headache of getting advertiser to your website (specially for newbie having few visitors having no chance of getting offer from advertiser), Google Adsense has stepped in which works as a mediator between advertisers and publishers. Very simple and effective but that does not mean free money to you. You need to work on building the traffic, generating right kind of content and blending the Adsense properly. There are many others available for you to choose – Yahoo Advertising network, Bidadvertiser, Adbrite to name a few

Affiliate

This also works in the same style as above but its a lot different. In the first case where you get paid on per click basis or on a CPM basis, this works on a lead or sale basis. Not to mention very easy to integrate with your website but you need to make sure that you are promoting only those product which are related to your website audience otherwise it will not result in any sales.

Since it requires more effort to understand the product before you promote, you also geta huge pay for conversion. Again there are many mediators who help you to achieve this goal, to name a few are Commission Junction, Clickbank, Amazon etc.

Direct Sales

As the word say, you are adding your product and selling it to your audience. So everything remains under your control and you risk your credibility in case of any unforeseen event. But on the positive note, it helps you to build your own brand image on your audience and leave good margin on your table. You have to take extra care on what you are presenting and how you are making a sales pitch.

Though many website owner does not go with this because they feel e-commerce site is best suited to achieve the result. Even if you belong to this category and are not ready to sell physical product, you can start selling services or digital services through your website.

Writing Reviews

This model is also called paid blogging. PayPerPost has taken the initiatives and many other companies followed the same path which includes premium names like Sponsored Reviews and ReviewMe, refining the process and expanding the paid blogging model.

It gives a perfect opportunity to make good money from blogging as well as increasing your post count. But you should be cautious in your approach and should not start writing on each and everything. It should meet your website audience target and should offer fair value to them.

Subscription Fee

It could be variety of services where you may apply subscription fees to your audience. You can provide any service of your specialization with a monthly subscription fee for access. Or you can design a product keeping focus on your visitor’s requirement and charge recurring monthly fees to utilize the same.

You may even introduce paid content in your website. You can keep some part of your website restricted for only those users who have subscribed to your site. The advantage of this is that anyone who subscribe for any of your services are rarely going to unsubscribe, if you are giving what they expect to get out of this. So it becomes like a fixed income for you month after month.

Newsletter

This service is more or less same as discussed above under subscription fee. If your website is dedicated to some niche area, you can always come out with paid weekly or daily newsletter. Though this service does not apply to all services but there are many services wherein people will love to receive paid weekly updates. Just to give an example, I have a financial website (covering stock market) with paid weekly newsletter and I have good number of subscriber for this service.

Sell your website

This is one of the easiest method to make money but most trickiest one. Also I am not sure if I can categorize this under monetization tips. You just need to pick up a good domain, develop some website with auto generated content, work on back links and SEO for one day and sell it off. There are many individual and companies in the market who are ready to buy pre developed websites.

On the contrary if the website does not come out well, you will find it difficult to sell it and will loose all your effort and time. So it is most suied for those guys who love to develop the website but don’t find good to manage it. So once you structure it, you pass it to others to carry it on and you again move to some other concept to develop. You should not miss offering this service if you are good in developing website and don’t want to miss handsome profit.

Having discussed different aspect of monetizing your website, it does not mean you should focus only on one way of monetization. Don’t get stuck on just one income model. It is better to have many streams of revenue rather than put all your eggs in one basket!

Related posts:

1. Monetize your website with PPC
2. How to monetize your website
3. CPM Network to monetize your blog
4. Which PPC should I use
5. Target visitors with Affiliate Programs for Huge Payout