monetizing your web traffic
There are numerous ways on how to create a website but if you want to make a profit out of it, you should know the different effective ways on how to monetize your web traffic.
Transforming your website traffic to become your source of revenue can become a challenge if you don’t know where to start. Now, the main challenge that you have to anticipate to monetize your web traffic is increasing the number of visitors to your site. Another is increasing your conversion rate which is the number of visitors performing actions to your website that leads to monetization or purchase.
To dive in more about the different ways of monetizing your website traffic, let’s discuss five simple methods to make the most out of your site below.
5 methods to monetize your website traffic
1. Affiliate marketing
Affiliate marketing is considered as one of the most popular and fastest ways to monetize your website traffic. You can start by finding a product or services that you like and would most recommend to others then endorse and promote it on your website.
By doing this, your visitors and email subscribers would become aware of the product and if they resonate with it, they can proceed to purchase by clicking on the affiliated link — then, for you get a profit, you can get a split of the sale price.
Your split can start from 30% to 50% by promoting and referring a buyer to an e-Commerce website.
2. Sell ad space
Utilizing Google’s AdSense on your website is another way to make a profit from online advertisements. In addition, you can also directly sell your own ad space to different businesses looking to collaborate or sponsor different blogs. You can price your ad space for $$$ per month.
You can also get paid through cost per thousand impressions (CPM) — this would depend on how many visitors you get and you may see it at $5 CPM. So if your website gets 150,000 visits in a month, the ad price would then be equal to $750.
3. Generate leads for other businesses and companies
Businesses found stability by having new leads coming in their websites and stores making an inquiry about their products or services. No wonder these businesses are always on the lookout and searching for creative and effective ways to find new sources of leads to help them grow.
Now, if your website is about teaching programming, your visitors’ email addresses and contact information would be of great value to different online schools offering programming courses to students and professionals eager to learn more about the said topic.
This is like bridging two different parties who can benefit from each other.
4. Building up your email list
Your email list houses your most loyal visitors or readers. Now your objective here is to convert as many visitors who visit your website for the first time into passionate and loyal followers who are interested in your latest content and would like to stay up-to-date.
However, keep in mind that this method is a long term one and you won’t be getting rich overnight. Offering great value and informative content to your followers for free is the best way to start. On the other hand, it is also crucial to understand that spamming people with unsolicited offers is the fastest way to lose your readers’ trust.
5. Create an e-Commerce website
Before deciding on this method it is wise to understand that this would demand effort and hard work. Your website doesn’t just have to be offering content — you can also sell products on your online store. One of the best and most efficient strategies to keep in mind is to fill a unique niche in the market.
This is considered as one of the most frequently used website monetizing methods. According to a report from Statista, there are 224.1 million online shoppers in the United States alone this year — this is one of the reasons why there are millions of businesses making their way into the online market.
Monetizing your website traffic can be challenging and exciting at the same time. However, it is important to understand that this takes time — it would require dedication, learning the right strategies and methods, and a huge amount of website traffic.
If you’d like to learn more about monetizing your website traffic, you can download our Web Development ebook.
Are you looking for help in coming up with effective methods on how to monetize your website traffic? Talk to one of our web development specialists now!