How To Monetize Your Website in 2023: WordPress and Blogspot!

Are you aware that you can make money with your website?

Do you want to know how to make money from your website? If yes, you have reached the right place.

In this post, I will show you some amazing techniques to monetize your website.

Some ways are easy, while others need some effort.

If you have a running website, you can implement these techniques to earn a living out of it.

Although it is not as simple as it seems, it is effective. You have to dedicate yourself completely to maintain your website.

It is very easy to start your own website. Hard work is when you have to maintain it. 

You have to invest your time as well as some money to run your website.

Moreover, you will not be able to generate returns immediately.

You have to wait until the cash flow starts. All the time and effort will be worth it, though.

Does it really work?

Yes, it definitely works. There are many bloggers who are completely dependent on this income.

Some people left their high-paying 9 to 5 job to secure a career in this field.

The reason why people give up on monetizing their website and think it is not possible is because of the commitment it requires. 

The initial stages of maintaining a website are very difficult.

You have to apply various schemes to keep your website functioning.

But once these days are over, your hard work will pay off.

Here are some examples of people who made a fortune just by monetizing their websites.

• Michelle Gardner: She has earned more than $5 million simply by blogging.
• BuzzFeed: More than $300 million were generated in the year 2018 by monetizing their website.

Even smaller websites earn more than $50, 000 a year by adopting these techniques.

So if you are planning to quit your job and start your own website to earn money, this is the right post for you.

You need to work hard in the initial days, but once your website earns a place in the market, the cash will start flowing in.

Here are the prerequisites for monetizing your website.

Pre-requisites for monetizing your website:

Before you start with the monetizing process, you need to make sure all the following activities have been taken care of. If not, do it first.

-Set up your own website

-Add creative content

-Use SEO to increase the traffic

-Use social media platforms to get a genuine crowd

-Improve your email list

-Engage readers and develop a strong readership

Once you are done with all the above activities, it’s time for some action.

Are you ready to start monetizing your website? So, let’s begin.

How to Monetize your WordPress Website!

1. Start with Affiliate Marketing: 

Affiliate marketing is one of the most popular and quickest ways to earn from your website.

Start by finding a product that will interest your audience.

You promote the product on your site by writing a compelling review about the product.

If the product or service resonates with your audience, prospects will purchase the product from your affiliate link and you earn a commission.

However, one thing you should note is that commission varies with the product.

You can get a percentage of 30% or 50% or even less than that on a product.

The unique thing about being an affiliate is that you can promote products from different companies and earn a commission from them.

This is a type of performance-based marketing,

in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s marketing efforts.

This technique is at the top of our list because it is popular and provides quick results.

Every blogger who is earning money via website monetization has gone through this technique.

In these techniques, you have to endorse someone else’s product or service on your website.

You might have come across various websites where they endorse different products.

Although they can be annoying sometimes, their returns are quick. 

You can choose the products you want to endorse.

Then you have to endorse that product on your website to your visitors.

If they like the product, they will buy using the link. You will get a commission from the sale.

The percentage can range from 30 to 70. For example, you market a book on your website. Your commission is 40%.

So if someone purchases a book worth $100, you will get $40 out of it. You can find various products on different sites.

2. Use Ad Networks:

Google AdSense is another technique to earn money from your website. In this, Google will post Ads on your website.

You need to have optimized content on your website for Google to place ads.

The ads are related to your website, so keywords are necessary here.

All you need to do is sign up with Google. Then Google will provide a code that you need to add to your website.

This code will find relevant ads related to your website content.

For example, if your website is about gaming, Google AdSense will start showing ads like a Gaming devices, Gaming Console, Accessories, etc.

When someone clicks on an Ad, you will get money.

It is like pay per click. You can earn from $0.5 to $5 with each ad click.

You can make money easily with this simple technique. All you need to do is adhere to the terms and conditions of Google.

However, AdSense is not the only advertising platform in the market, check out our list of best Adsense alternatives.

In fact, the most popular these days is EZOIC – better earnings, better ads, and better loading speed.

3. Selling Ad Space:

You can also sell the space on your website for direct advertisement.

This type of advertisement is different from Google AdSense.

Here, you can directly approach companies who are searching for ad space.

Some companies will offer you a direct price while others will offer you a price on the number of visitors.

You can sell any space on your website and quote your own price.

All you need to do is increase the traffic on your website first. You can easily earn $1000 to $1500 with good traffic.

You get paid a dollar per 1000 impressions or CPM, however, this is dependent on the price you sell your ad space.

If you have a monthly visit of 100,000, it converts to 100,000 impressions which is equal to $100.

However, you will need a lot of traffic to earn from this system.

Low traffic equals zero earnings and vice-versa.

You can look for sponsors or advertisers who want to sell their products or wants to promote their blogs or articles.

Contact them and sell your ad space from your website.

One of the best-earning methods, only if you have a good amount of traffic.

Website: buysellads

4. Sell a product of your own:

Instead of selling other people’s products, you can sell your own products.

You can develop a product that matches your blogging site.

You can earn direct money with it as there is no intermediary.

This process becomes a bit complicated when you have to provide shipping and arrange for payment gateways.

For example, you can sell your website’s logo printed t-shirts and merchandise.

This method functions on a per-sale basis and the good thing is that the money earned belongs to you.

Simply because there is no intermediary between seller and customer, no cut per se from the money earned.

However, there is a disadvantage to this irrespective of how simple it appears.

Upon selling your product, issues might arise such as payment gateway.

Once this issue is solved, this method remains the best way to monetize a website without ads.

5. Ask for Donations on your website:

You can also ask for donations on your website.

Although this method seems petty, it can help you cover the cost of running your website.

You need a strong group of supporters for this technique to work.

If you have loyal visitors, you can ask them to make donations.

For example, you can use the PayPal donation link on your website to receive donations from your visitors.

If you have an engaged audience, this method will work best for you.

Simply ask your members to donate by creating a donation button that asks for donations.

But this idea is not good for websites focused on online money-making strategies.

You can’t ask for a donation if you put ads on your website or use affiliate links.

The donation button is quite easy to build and links with your account, you can make use of the PayPal donation button.

6. Feature Sponsored Content on your Website:

If you have a steady flow of visitors to your site, you can use this technique.

Many companies look for blogging websites where they can promote their post.

You can write reviews about their products or sponsor their products in your blogs.

You can even write blogs about it. This is called native advertising.

The product should be relevant to your website niche. You can earn good money with technique.

Sponsored posts are those articles advertisers pay you for when you publish them on your site and your audience engages with them.

A lot of companies out there are on the lookout for blogs that will promote their sponsored post.

Once you have steady traffic and an engaging audience you can either reach out to these companies or they reach out to you for publishing content regarding their product and services.

7. Lead generation for others:

You can use your website to generate a lead for other companies.

Companies are constantly searching for different ways to generate leads.

You can provide leads to such companies and earn money in return.

For example, if you have a site about improving English, you can sell the leads to companies that provide English-speaking courses.

All you need to do is provide the visitor’s details like email id and contact number to the company.

This is another good option for monetizing your site.

When the content on your site is persuasive and can generate registered and qualified leads which in turn becomes a potential prospect for a company you get paid.

The basis for payment in this method is that your lead is qualified.

You get paid per lead or per call.

8. Prepare an Email List:

You can create an email list of visitors that visit your website. This list is very useful in the long term.

It is an income-generating list. You can use this list to build a strong relationship with the visitors.

You can convert visitors into potential customers by keeping in touch with them.

Use this list wisely and do not rush by spamming the visitor’s inbox. This technique pays off in the long run.

9. Make your website an E-Commerce Site:

Instead of posting blogs, you can create an e-commerce website.

This way, you can directly sell various products online. It is quick money.

But the problem here is that it is very difficult to create and maintain an e-commerce website.

You have to spend a lot of money on the payment gateway and shipping.

But if you have the necessary means, it can be a game-changer for you.

The website doesn’t have to be limited to content marketing. You can create an online store where you sell products.

Dropshipping has made e-commerce easy.

You don’t need to store products in the repository, the customer pays you for a product displayed on your store

You forward an amount to the producer, and the producer supplies the product to the consumer.

Let’s say a product costs $150, you can put it up for $200, and once the customer pays, you forward $150 to the producer.

The producers get the product delivered to the customer.

10. Flip the website:

This technique will help you earn big returns. In this technique, you need to sell your entire website instead of selling ad space.

You can create a website, get steady visitors, sell ad space, make the website work and then sell it for a huge amount.

It will only work if you don’t have any attachments to your website.

You can use the returns to create another website and do the same.

The flipping business really works if you are passionate about it. You can earn good money with it.

In this case, you Create/buy a website-Sell-Create again.

Website flipping is the process of buying and selling any products which help you in earning more money.

All they do is look for the products which are high in demand,

and then include the best content that will attract the users to their websites and then sell them at a higher rate.

The domain names have more value-added because of the increase in the cost of entry into domain flipping,

and thereby the ordinary person becomes a billionaire or even a millionaire by the small investments and more than the domain investors.

This method of website flipping is trending as people want to get cooked food in place of raw food.

So, here the cooked food is the website they tend to buy in place of the whole tools and also in the location they are desiring for themselves.

So basically there are only 3 steps involved:

(1). Buying: You need to purchase a suitable website online but it is not an easy task as some people tend to make mistakes in this very first step only and later on regret it.

(2). Improvement: After buying the website, you need to enhance it on your own level so that it helps you in increasing the traffic and getting more people to visit your website which makes you earn more.

(3). Sell: After enhancing the website, now you need to sell it and it is advisable to sell it in the same location as where you bought it so that its market value will increase and you will earn more money.

How to Monetize your Blogspot or Bloggers website!

1. Affiliate Marketing

One of the most popular techniques used by bloggers to monetize their blogs is affiliate marketing.

It is a technique where you promote other people’s or company’s products on your blog and receive a commission for every sale you make.

You don’t need to have a huge audience to start affiliate marketing; all you need is a blog with good quality content.

Once you have built up your blog, you can start looking for affiliate programs that best suit your blog and its audience.

A few good places to start include Clickbank, Commission Junction, and Amazon.

After you sign up for an affiliate program, you will be given special links or banners that will go to the product’s sales page on their website.

When someone makes a purchase after clicking your link, this allows you to make some money off of the sale.

So how much can you earn blogging with affiliate marketing?

It is very hard to predict the amount of money you can make with affiliate marketing because it depends on many factors.

First, the commission rate that the company offers varies from product to product.

Second, you should find out if your targeted audience is interested in this specific type of product or not.

Lastly, finding the right niche (niche = topic) to blog about can have a huge impact on your affiliate marketing success.

With some research, hard work, and patience, you will be surprised at how much you can earn with affiliate marketing.

Advantages and Disadvantages of Affiliate Marketing

Advantages

– No start-up cost

– No shipping hassle

– Potential for high commissions

– Flexibility

– Established market – there are many companies already in this market

Disadvantages

– Requires a lot of hard work and patience

– Competition is usually high so it can be hard to get your first sale.

– Potentially low conversion rates if you don’t have a targeted audience

– You need to have a blog with good quality content

2. Selling Your Own Products

Another great way to monetize your blog is to sell your own products.

This could be anything from digital products, such as e-books or online courses, to physical products, such as clothes or accessories.

One of the benefits of selling your own products is that you keep all of the profits.

Unlike affiliate marketing, where you have to share the profits with the company when you sell your own products, you get to keep all of the money.

Another benefit of selling your own products is that you have complete control over the pricing.

You can set the price as high or as low as you want, which means you can make more or less money depending on how much you want to sell your products.

Creating and selling your own products does require a lot of hard work, but it can be very profitable if done correctly.

Advantages and Disadvantages of Selling your own products

Advantages

– Keep all of the profits

– Complete control over pricing

– More money potential if priced higher

– Potential for passive income

Disadvantages

– Requires a lot of hard work and investment in terms of time and money

– May be difficult to find a large audience interested in your products

– You need to have a blog with good quality content

– Niche products may have a small market size.

3. Sponsored Posts

Another way to monetize your blog is to do sponsored posts.

This is where you write a blog post about a specific company or product and receive money for doing so.

Many companies are now looking for bloggers to do sponsored posts because it is a great way to reach new audiences.

In addition, it is a great way for bloggers to make some extra money.

The amount of money that you can make from a sponsored post varies from blog to blog and company to company.

However, it is not uncommon for bloggers to earn $100 per sponsored post or more.

As an added bonus, some companies will even pay the blogger in advance if they think their product or brand lends itself well to a certain style of writing.

One thing that you should keep in mind is that it is important to be upfront about sponsored posts.

If the company or product has paid for your post, then you must disclose this information in order to maintain transparency with your readers.

This can help build trust and increase your readers’ engagement levels.

Another important thing to keep in mind is that you should only do sponsored posts if you can maintain your high level of writing.

You need to make sure that the post delivers value to the reader and offers something useful, not just fluff copy like many advertisements do.

You can start receiving sponsored posts when you reach a minimum of 10 Domain Authority.

Advantages and Disadvantages of Sponsonsored Posts

Advantages

– Easier than selling your own products

– Can be a great way to reach new audiences

– You can make a lot of money if the post is well written

Disadvantages

– Must disclose that the post is sponsored

– May not be authentic or valuable to the reader if it’s just an advertisement

– May be difficult to find a large audience interested in sponsored posts

– You need to have a blog with good quality content

4. Display Ads

The easiest way to start earning some money from your blog is by selling display ads.

This technique is very similar to Adsense, where you place a small piece of code on your website and the company pays you based on the number of clicks or impressions that their ad receives.

Display ads are a great way to make some extra money, and many companies are willing to pay a good amount of money for them.

In addition, they are very easy to set up and do not require a lot of effort on your part.

The amount of money that you can make from display ads varies greatly from company to company.

However, it is not uncommon for bloggers to make $50-$100 per month from a single ad.

One thing to keep in mind is that you should only work with companies that you trust.

If you are not comfortable with the company, then do not agree to work with them.

EZOIC is recommended as it pays more than Adsense with the ability to maintain your website speed.

Advantages and Disadvantages of Display Ads

Advantages

– Easy to set up and does not require a lot of effort

– You can make a lot of money if the ad is well written

– Many companies are willing to pay a good amount of money for them

Disadvantages

– You need to have a blog with good quality content

– May be difficult to find a large audience interested in display ads

– You need to trust the company before agreeing to work with them

5. Product Reviews

Another way that you can monetize your blog is by writing product reviews.

Product reviews are a great way to inform your readers about the products that you have used and whether or not you recommend them.

In addition, many companies will pay you to write product reviews.

The amount of money that you can make from this varies from company to company, but it is generally not a lot of money.

However, it can be a great way to get free products in return for a review.

One thing to keep in mind is that you should only write reviews for products that you have used and that you like.

If you write negative reviews, then the company may not want to work with you in the future.

Advantages and Disadvantages of Product Reviews

Advantages

– Can be a great way to get free products in return for writing reviews

– Informs your readers about the products that you have used

– Can provide useful information to your readers

Disadvantages

– You need to have tried the product in order for it to be worthwhile

– Companies may not want to work with you if you write negative reviews

– The amount of money that can be made is not a lot compared to other methods

6. Promoting Other Blogs

One of the best ways to increase your revenue is by promoting other blogs.

This is a great way to increase your readership and revenue without putting in any extra effort.

However, you need to be careful with how you promote other sites because search engines are against this kind of behaviour.

There are a few different ways that you can promote other blogs. One way is to write a guest post about them and include a link to the site.

You can also use social media sites like Twitter and Facebook to promote them.

In addition, you can add links to their site in your sidebar or in the footer of your blog.

Advantages and Disadvantages of Promoting Other Blogs

Advantages

– Can increase your readership and revenue without any extra effort on your part

– Great way to connect with other bloggers in the same niche as you

Disadvantages

– Search Engines are against this kind of behaviour

– Can be difficult to find blogs that are a good fit for your blog

Conclusion

These are some of the techniques that will help you in monetizing to make money from a website.

All the techniques will only work if you are ready to put in the effort.

Once your website is set, the money will keep rolling in.

Don’t forget to share it with your friends who are looking for a guide to make money from a website.