How Starting Your Own Website Can Help You Bypass Getting a Job
Do you find it hard to wake up for your job every morning? Thanks to the internet, there are tons of different ways of earning money so that you don’t have to rely on a typical job. Setting up a money-making website is one of the most popular ways to earn. The best part is, anyone can do it.
Making a website doesn’t require much investment. You need to design the site, pay for the domain and hosting, and voila: your site is live. Once the site is live, you can monetize your website in many different ways and eventually flip it in the long run.
Affiliate marketing can be one of the quickest ways to earn online. It is simple and requires you to promote products. There are many different platforms that offer affiliate marketing such as ShareASale and Amazon. You sign up on these websites as an affiliate and then promote products from those site on your website. When sharing the product, you insert your affiliate link and each time a visitor goes from your site to purchase the product, you get a commission for the sale.
The main benefit of affiliate marketing is that you can earn an uncapped amount. The more traffic on your site, the more likely people will click through to purchase the products on display. In order to be successful at affiliate marketing, you need to build a brand that is known for providing reliable reviews and suggestions for products. This does take a bit of time but as your site becomes more popular, you can make a ton of money through affiliate marketing.
While an e-commerce website does require more investment, it has the possibility of turning into a successful business on its own. You don’t need to start off selling hundreds of products; you can even just start with one. The great thing about selling your own product is that all the sales come to you directly. So the potential for earning is greater, depending on what you sell and for how much.
With e-commerce, you don’t even have to manufacture a product. Just buy in bulk and sell at your own rate. Simply make sure that your website is secure enough to take online payments. Platforms such as Shopify and WooCommerce make it easy to integrate e-commerce functionality to new or existing sites.
Sell ad space on your site
One smart way to monetize a growing site is to sell ad space directly to companies. You can have sidebars on the site where you can host ads from companies that would be interested in advertising on your site. Companies are always looking for bloggers and other businesses that relate to their industry so that they can increase their own traffic.
Payment terms for this type of marketing will vary from company to company and depends on CPM (cost per mile). This is slightly different than affiliate marketing because instead of relying on visitors that click through your site to purchase a product, you get paid for every 1,000 visitors that view the advertisement on your site. So if you charge $5 CPM and have 50,000 visitors on your site in a month, you would earn $250. The more traffic you can generate on your site, the more you will earn with this strategy. There are platforms such as BuySellAds where you can sell ad space and communicate with companies.
For this to be an option, you will need a site that generates a lot of traffic such as an established blog. Companies are always looking to promote their products through articles, posting them on blogs that are related to their industry. Through sponsored posts, the company gets the targeted traffic they want and you also get some monetary benefits. Just make sure that the posts are aligned with your site and that they provide value to your readers; after all, the last thing you want to do is lose readers due to bad, unrelated posts.
The Final Word
In the past decades, various avenues have opened up for website owners to monetize their sites. Starting a blog on your site can provide you with the foundation you need to generate traffic and monetize your site. Who knows: your site may get so big that you start to get offers from buyers to sell your site, which could land you millions of dollars and early retirement!
Last modified: May 7, 2019