The formula for profit is very simple: income – expense = profit. Your website can increase your profits by increasing your income directly (generating more sales, leads, increase closing rate), or by decreasing your expenses (time, electronic delivery, customer service), or by doing both. In other words, there are lots of different ways for your website to be profitable. For service businesses, one of the largest opportunities beyond generating leads is to increase the closing rate by using the website to properly setup the sales conversation. In other words, your website should be providing you with tangible results.
Whether you're looking to make some fast cash, or you're after long-term, more sustainable income-producing results, there are certainly ways you can make money online today. The truth is that making money online isn't as difficult as most make it out to seem. It does require some discipline. Sure. Without discipline, you'll find it tough to make a buck both online or offline.
Wow, this is the best list of monetization ideas I’ve seen thus far. Although making money online is possible, I’ve found that building sites for local products and services that have high profit margins works best for me because it’s oftentimes a lot less competitive than fighting the folks who are selling products online or trying to get hundreds of thousands of visitors to their site.
Money can be earned and spent, saved and pilfered, invested and wasted. Not time. That's why time is far more valuable than money. The point? When you lack the luxury of time, making money online (or offline) can seem like an impossible task. How are you supposed to do that when you're working at a life-sucking nine-to-five job? While the stability of full-time employment might allow most to sleep well at night, it doesn't empower your creative juices to search for new income-producing strategies.
There are quite literally hundreds of clever ways to make money online. From taking online surveys, to renting or selling your old clothes, flipping your iPhone to someone in a different country, and even buying low-cost products locally, just to resell them for a higher price on Amazon. There’s truly no shortage of unique ways to make money online.
The main thing is to think about your website as business and not some sort of “get rich quick scheme”. Find what readers low, build brand and you will easily monetize your traffic. The time has long passed since you could publish scrapped content, put some ads and make living out of it. Now you should be a website just like you would do with a real business.
Even if you never monetize your site, you might be able to sell out for a pretty penny! If you build the traffic of your site or otherwise have an audience, there is value there. If the traffic is high enough, you could sell for a lot (think Twitter kind of traffic…). And of course, people buy brand new sites all the time that have no traffic or audience based on design and niche (but usually for very cheap).
Call-to-actions aren’t limited to sales. They can be used to get readers to engage with you by leaving a comment or on social media, sign up for your newsletter and more. As you create your pages, think about what you want your reader to benefit from and what you want them to do when they finish reading it. Then provide a call to action so they know the next step.
Something I’m experimenting more and more with and I’m not sure if it’s just me.. but it seems like the world has gone crazy about making products, they are everywhere which has educated the market so they know they have to purchase content now. The simple version of creating a product is as followed, create a 30+ page word document about something, turn it into a PDF and sell it.
Here’s a good example of how lead sales can work in real life: My second website, Life Insurance by Jeff, brings in a ton of traffic from people who are searching the web to find answers to life insurance questions. While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients. As a result, I started selling the leads I gathered instead.