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8 Ways To Monetize Your Website [Infographic]

August 6, 2012 by

8 Ways To Monetize Your Website

I don’t know about you but I don’t have a website for the sheer joy of it – I want to make money. The question arises, then: how do we do that?

Well, of course there are our product and service offerings. And there’s the inevitable eBook or the email course or the consulting session. But these are more about doing business and less about getting our websites to generate money for us. Wouldn’t it be awesome if we could tap into that coveted passive income and get our websites doing some of the work for us?

Thanks to Patrick O’Keefe and his recently published free eBook Monetizing Online Forums you can get a good jump start on learning how to monetize your site. Don’t let the word “forum” scare you – you can use these same principles on your site or blog.

If you’ve recently read our interview with Patrick then you already have some background on this amazingly inspiring guy and the story behind the book. If not, be sure to check it out!

And thanks to Skimlinks, who collaborated with Patrick to get the book published, you can get a nice overview of the type of monetization that may work best for you – along with the pros and cons – in the visual below.

Check out this infographic produced by Skimlinks then go download the free eBook if you’re serious about monetizing your website.

Reprinted with permission from Skimlinks and ‘Monetizing Online Forums’ author Patrick O’Keefe.

*Click image to enlarge

8 Ways To Monetize Your Website [Infographic]

 

Since I’m guessing you’re not Richard Branson (if you are, I’ve got some great ideas that could use funding…) then there’s no reason you couldn’t start monetizing your site right now. Check out Patrick’s eBook for a lot of great ideas to get you started and see if Skimlinks is right for your business model.

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About Carol Lynn Rivera

Carol Lynn Rivera began her career as an educator and program developer for several private schools in New York and New Jersey. With a dual Bachelor's degree in Psychology and Education and a Master's in Education, she helped to architect programs in startup schools for both full day and after school enrichment programs. Her passion for education transcended industries in 1999 when she and husband Ralph Rivera founded Rahvalor Interactive, a creative services and marketing company, where she shifted her focus from teaching kids the ABCs to teaching adults the ABCs... of marketing.

In addition to acting as Rahvalor's project manager, Carol Lynn manages search and social marketing programs for both B2B and B2C customers where she enjoys being able to engage in her second passion: writing. When she's not writing for blogs she's planning her early retirement to Barcelona as a famous and wealthy novelist.

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  • http://www.blognetworking101.com/ Jeevan Jacob John

    So many great ways to monetize and make money. But, I think the best way to make money is to make a product (yeah, it isn’t really monetization through ads, but it still makes you money). It takes time and effort to make a good product, but in the end, it not only makes you money, but also makes you a professional person, in the field.

    Great Post, Carol.

    Thank you for the infographic!

    • http://www.managingcommunities.com/ Patrick O’Keefe

      Product sales are a great way to generate revenue. That method is actually included in the book, but not every method made it into this infographic (just most of them). Thank you for bringing it up.

      Thanks,

      Patrick

    • http://twitter.com/CarolLynnRivera Carol Lynn Rivera

      I agree, too, Jeevan. If you create an awesome product then people will keep buying it. There’s definitely some overhead in doing that and of course it’s important to keep your product current. I like the idea of doing both – generating some ad/affiliate revenue and also providing value through products. Glad you liked the infographic and thanks for sharing your thoughts!

  • http://www.mayura4ever.com/ Mayura De Silva

    Hi Carol,

    Thanks for this one :) I’ve been searching about ways of monetization without interfering user experience. Different ways of income doesn’t pose a threat, nah? Currently I’m using In-Text ads and Skimlinks is a great choice too. Anyway trying out monetization options to see what’s best :)

    Cheers…

    • http://twitter.com/CarolLynnRivera Carol Lynn Rivera

      You’ve got the right attitude about monetization, which is don’t interfere with your visitor’s experience. I want you to go shout that from a tall mountain so everyone can hear it :) Blogs with ads everywhere, blinking, popping up, in the text, on the side… drives me nuts. Most times I leave those blogs before I bother reading anything at all. It’s a great idea to test and see what works for you and your audience. have you tried Skimlinks? I would like to try it myself now that I’ve heard so many good things about it.

      • http://www.mayura4ever.com/ Mayura De Silva

        Ha ha ;) I agree with you dear. If too much ads, I penalize ‘em before Google or someone else does. I’ve used Skimlinks with another blog earlier :) Currently on the testing phase with Infolinks and it’s quite good too. I was planning to switch to Skimlinks then and see how it performs on my blog. They need some time to crawl so still with Infolinks. Infolinks and Skimlinks are two In-Text ad services I heard many good things about :)

        Cheers…

  • http://twitter.com/SylvianeNuccio Sylviane Nuccio

    Good Monday, Carol!
    Yes, you bet… most of us are here to make money. Thank you so much for those resources and I WILL check them out. There’s always room to improve in my book, and I can use all the tips available to me.
    Take care!

    • http://twitter.com/CarolLynnRivera Carol Lynn Rivera

      I was planning to try out Skimlinks, too, Sylviane. It would be a great case study! There’s always something to learn… that’s what makes life interesting. Of course sometimes when things are too “interesting” I eat a lot of Oreos…. but that’s another story :)

  • http://www.managingcommunities.com/ Patrick O’Keefe

    Thank you for publishing the infographic, Carol. I appreciate it. Your continued support means a lot.

    Patrick

    • http://twitter.com/CarolLynnRivera Carol Lynn Rivera

      Thanks for sharing it! Everyone loves a good visual. I got a kick out of the part with Richard Branson :)

      • http://www.managingcommunities.com/ Patrick O’Keefe

        :) That was all Skimlinks.

  • http://twitter.com/CarolLynnRivera Carol Lynn Rivera

    I love that you believe in what you do, James. And you’re right – people do spend money on games. I know Zynga isn’t having the best month right now but look at all the people who spend money on imaginary cows and trees! I think there’s definite possibility to use gaming for marketing and branding. It depends as you said on the business and audience but it’s adding a layer of entertainment that people love. So how are we going to turn Web.Search.Social into a game? ;)

  • http://twitter.com/CarolLynnRivera Carol Lynn Rivera

    A product is a great idea, just a little more work! If you have good, targeted advertising it’s more likely to make money than if you just have some best-guess advertising like Google AdSense. You could always try both – take advantage of every opportunity!

  • http://twitter.com/mg_viloria mary grace viloria

    I am searching for ways to earn from my blog,the article above is helpful.

    • http://twitter.com/CarolLynnRivera Carol Lynn Rivera

      Great to hear, and good luck with your blog! Try something small and see how it goes.

  • http://twitter.com/specresearch Specresearch Guy

    This is good practical advice and I love the infographic. Very informative. Thanks

  • Leslie

    One best way to make more money is upgrading AdSense to Google Ad Exchange. I made so much money after implementing it! I signed up via a company called MonetizeMore. They provide access and optimize it for you. I highly recommend it!