Monetizing your website or blog is not a rocket science. Most websites on the internet are made for one simple reason-to generate income.
There are hundreds of methods that can bring online income but in this article I'll cover the most known.
Some methods are more or less passive while some others require a lot of on-going work. Make sure you pick something that suits well with your website.
1) Pay Per Click Advertising
The most known pay per click program is Google Adsense but because Google has a very strict policies, sometimes is very hard to get approved. In case you can't get approved on Adsense I'd recommend alternative programs like Adtradr for large cap websites or Madadsmedia or Adsoid for small to mid cap websites.
2) Affiliate Marketing
Affiliate programs are a very popular way to make money through your website/blog. In short, you sell (or recommend) someone else’s product(s) on your website. When your website visitor clicks on your affiliate link or banner and buys the product – you’ll receive commission.
For example, you can sell stuff from eBooks to 3D Tablets
3) Selling Ad Space
As the name says, all you need to do is sell the ad space. You set up a price, let’s say: “Banner at the sidebar will cost $xxx per month”. You will get payed upfront and the price depends on your traffic. If your site gets ton loads of traffic from different sources, the banner ad price can go up as $5000 per month. However, if your site doesn’t have much traffic, don’t expect much.
You can sell ad space directly on your website/blog or through intermediary like BuySellAds
4) Donations
Setting up donation buttons or simply asking additional funds from your readers is another way to monetize your website. It’s easy to set up, but you have to be aware that it’s not so easy to make money with it, unless you find a sponsor(s)! However, before you throw up your donation buttons and widgets, make sure that your visitors will see why you need those donations (hosting expenses, new product creation, researching costs etc…).
You can add a PayPal or Pay by Phone donations.
Find out more ways by going here