Best Website Monetization Strategies and WHY
The
definitive guide
What you’ll learn:
·
What website monetization is
·
Types of website monetization
strategies
·
Important Factors that determine the
type of monetization to implement
·
Fast Monetization strategies
Introduction
Website
monetization is a common problem newbies come to face after they build a site
But
it should be something you have earlier on decided on before creating a site
WHATS the
best monetization Strategy or method for a website and when or why should you
implement a particular one?
Well this is
not a very simple straightforward question to answer since site monetization
depends on certain factors which we need to consider first in order to arrive
at the right conclusion.
We are going to explore these factors a bit
more
Everybody
wants some form of returns on investment from their website. For many, the main
goal or expectation from a site is to earn some living from it after all what
good is a site if it doesn’t earn you something.
You want
your efforts to pay off and earn you steady income which you may want to rely
on for sustenance...that’s a worthy expectation from a site you’ve worked your
ass off day in-day out like clock work
But there’s a BIG
problem...
How do you
make your website pay you?
How do you
make it earn you steady income online so that you can solve your financial
problem and as well achieve other purposes?
webSite Monetization Factors You need to Consider first
·
What
type of niche are you targeting?
·
Do
you have a Niche site or an Authority site
·
Do
you have enough monetizable website content
·
Do
you have enough traffic
Now let’s
expand these factors a little bit more to fully understand what each of these
factors entails and
What type of Niche Are You Targeting?
Of course
all Niches are not equal some monetize better than others. If you want to
target a niche that can be easily monetized profitably then you’ll have to
determine the niches’
·
Search
volume per month---is it up to 30,000 per month?
·
Interest
over time---is it seasonal or evergreen?
·
Has
large active fans on social media---are they up to 50,000, or 100,000?
·
Has
large active groups
·
Has
considerable competition or adverts
Some niches
are not profitably monetized because they don’t have enough search volumes per
month ,no considerable interest over time,
little or no active fans on social media, little or no groups, little or
no competition or adverts
If the niche
you plan to monetize show these ‘doom tale ‘signs you might end up not making a
red cent let alone earn a living from it. let it go
There are 3
big Niches in this planet
- The health niche
- The Make money niche
- The entertainment Niche
These big 3
have thousands of sub niches you can choose from. You can find out a profitable
niche by doing keyword research. You can do this using keyword research
software or you can do this all important research manually using free keyword
research web tools
I use seopowersuite to make keyword research
and this software greatly simplifies the process extracting for you red hot
profitable niches you can target using this powerful keyword research software
Here is a
video I did that’ll show you how to easily find out hot profitable niches you
can monetize profitably (video link here) you can also download a trial version
of
Do You Run a Niche site or an Authority site
What’s a
niche site and what’s an authority site?
Well simply
put a niche site focus on a subject for instance weight loss but an Authority
site focuses on many subjects from and beyond a niche-
So does your
site focus on a particular problem people are searching a solution for or or
does it focus on many different problems of a market.
If it focus
on a particular problem people have then it is a niche site
Monetization
methods that work pretty well on them is
Product creation, Affiliate niche
products promotions
An authority
site has the following characteristics that you can know them with pretty
easily
1.
they
contain very high quality valuable
contents
2.
They
contain large quantity of content of various forms ranging from videos
infographics, articles ,Pdf etc.
3.
They
update frequently
4.
They’re
user and SEO friendly
5.
They
have other authority sites linking to them
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