1. Sell Your Website:-
Definitely my favorite of all the above and also the one that pays the most.Selling your website can make you very wealthy, or it could be just a nice retirement fund. Whatever it is, it can be a great way to get a large lump sum of cash.Typically, websites sell for 12 – 24 months revenue, however if your site is old, has something unique about it or is the authority in your industry then you can expect any figure you want. I have seen some blogs go for over 200 years revenue and it didn’t even make $100,000 a year.
Work hard and it will pay off.
It is important to remember if you sold your site for 2 years revenue and it made $5000 a month, you would get $120,000. To earn that amount of money it could take you 6 or 7 years because of expenses and taxes. You also have to factor in how long it took you to build your business. If it took you two years and you sell for $120,000 – then it would be like earning an extra $60,000 a year.If you are already at the stage where selling your website is an option, read this post on selling your website.
Benefits:
- Large amount of cash.
- Can be sold within a month.
- Enough money not to have to work for years.
Drawbacks:
- You lose an asset.
- You lose an income stream.
That’s it. Our top 14 ways to make money from a website.
Here is a quick recap of what I recommend you do:
- Get Aweber.
- Get PopUp Domination.
- Get Optimizepress.
- Create a free report or eCourse to give away as an incentive for signing up for your list.
- Create your own online training to sell to your subscribers.
- Find highly rated products to promote as an affiliate to your list.
- Reinvest earnings to make even more.
- Get Samcart to increase checkout and upsell page conversions.
- Use Samcart to release your own affiliate program to get other bloggers and competitors to promote your stuff.
- Expand, expand, expand!
And here are some more posts on monetization that I recommend you read:
2. Selling Services:-
Selling services is a very popular technique people use to make money from a website and is often the reason for them building a blog in the first place. They want to get more clients, to do that they need to get traffic and blogs are great for that!The easiest way to start selling your services on your blog is to create a new page within WordPress and call it services. Here you can put in the information about what you offer, testimonials and a buy now button.To collect payments, your best two options is either PayPal or Stripe.
Benefits:
- High converting, they see your blog and want more!
- Highly profitable.
- Easy to deliver.
- Low refunds.
Drawbacks:
- Exchanging time for money.
- Customers are always right (which we know isn’t true).
- Can be periods of time where you have no customers!
3. Review Products as an Affiliate:-
I know quite a few people who review products on their blogs, it makes great content and if the product you are reviewing has an affiliate program, can make you a lot of money. You can review anything from software, to bikes, cars, hotels, holidays, food, anything you could think of and it’s all tax deductible (I believe) if you buy something to review.
Check this post out about How To Start a Review Blog.
I personally want to review one product a month, it’s not so many that readers will be turned of but enough that it will make up a high proportion of my income. Doing small amount of reviews means you can pick all the best products and don’t have to speak about negative ones.
Benefits:
- Great source of income.
- Converts higher then banner ads and email promotions.
- Free products sent to you to review.
- Connect with industry leaders.
- Get noticed as a top affiliate.
Drawbacks:
- You can’t always say nice things.
- If you say bad things, don’t expect to work with that person.
- Products become irrelevant quickly in some industry’s.
Best Ways To Make Money Online
4. Email Marketing:-
This is one of my favorite things to talk about because it’s just so powerful.Building an email list can make you a lot of money, help you build a solid brand and of course help readers come back to your site, time after time.Email marketing can be seen to make you money in a few different ways, such as direct email promotions, to deliver free reports that are monetized and my favorite, to drive traffic back to your site where you make money from other methods.Gone are the days of finding it hard to get people to subscribe to your website.A few years ago, we added a lightbox popup to IncomeDiary. Over night, we went from getting 20+ subscribers a day to well over 100.At the time, most websites hated the idea of using popups because of the negative association people have with them. But these popups are different. Instead of popping up in another browser window, they popup as part of the page you are on. It was a lot less intrusive. Even better, it wasn’t to promote something spammy, but rather something of value to the reader.After seeing the massive results, we decided to create our own software, so that other website owners can experience the same huge gains we have. We called it PopUp Domination.At the start, some big names in the industry spoke out, saying they didn’t like them and wouldn’t use them. That didn’t last long, once they saw how well they worked. Now it seems like every site uses popups and despite that fact, they still perform so well!Love it or hate it but a big reason for the success of popup opt-ins is down to this site you are on right now.PopUp Domination works on any website. Has over 30 different designs, each pop is customizable to match any colour scheme. We offer a full 60 day, no questions asked, money back guarantee, so there is no good excuse not to give it a try.Another list building technique you should be trying, is a squeeze page. A squeeze page is a dedicated page on your site to getting a visitor to sign up for your mailing list. You can see an example of a page like this by checking out our squeeze page for our Traffic Domination video! If you want to create amazing high converting squeeze pages (+ a lot more), check out Optimizepress.Here is an example of a squeeze page we created with Optimizepress for our photography blog:
In order to start collecting emails, you need to sign up for Aweber, which hosts your emails, which you use to send messages, create follow up campaigns, split test etc.Personally I would say you should also get PopUp Domination, not because I own it but because it’s the best thing for email marketing. 63.9% of our email subscribers come from our popup.
Benefits:- Very direct way to market.
- One email can make you thousands.
- Anyone can do it.
- Considered by most to be the no1 way to make money online consistently.
Drawbacks:- If subscribers don’t like your emails, they will unsubscribe.
5. Promote Products as an Affiliate:-
Another hot topic here on IncomeDiary.We earn around 30% of our income from promoting products as an affiliate. What this means is we receive a commission when you buy something.Don’t be alarmed, we promote what works for us, not because we will earn a commission. Fortunately nearly all products that exist, have an affiliate program. If you can’t find an affiliate program for a particular product, type product name + affiliate into Google. For example: PopUp Domination Affiliate. This should bring up their affiliate page, if they have an affiliate program.In my experience, affiliate marketing works best when paired up with email marketing. Top marketers consistently agree, year after year, that email marketing is their most important income source. Combine that with affiliate marketing and you have a winner.There are so many ways to go about finding a product to promote, it often depends on your industry. For a fitness blog, you could go to Clickbank, find a product about six pack abs and grab an advertising banner from their resources area and put it up on my website.You could also do a blog post such as, 7 Ways To Get Six Pack Abs, then at the end, promote the product.We have a photography blog. One of the ways we use affiliate marketing is to promote the cameras and accessories that we use. All of these are available on Amazon. So we signed up for Amazons Associate program and receive a commission every time a customer buys something through our link. We also get a commission on anything else in their shoppingcart which is kind of them.Benefits:- Can earn you big bucks!
- Easy to setup and doesn’t require much support.
- Passive income.
Drawbacks:- Earnings are not guaranteed, can earn $100 one month, $1000 the next.
- Great products can have low converting sales pages.
- High converting sales pages can have rubbish products.
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