How to make money with Monetization method in 2020

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What is monetization?

Monetization means making an asset profitable. This term has become quite popular in recent years, and often refers to digital assets. Such content can include software, digital media, or files. With the proliferation of online media and digital assets, this has become a popular concept among website owners, software developers, and other digital content providers. Since so much online content is free, monetization strategies have become a crucial part of every content creator’s strategy. 

Common methods include charging for an end product, or using advertising and affiliate marketing to generate revenue for free services or products.

For example, a website owner may create display ads to monetize a website, a content provider with an email list may include affiliate offers to monetize their service, and a software developer may bundle their product with other products in order to obtain a share of the revenue.

you can monetize google adsense when your content is unique and your blog is approved. After approval of your blog, you can earn money from posting a google ads in your blog.

Affiliate Marketing

It mainly functions as a system where you generate a sale a product on another site. Every visitor you send to the product website is monitored, and you get a commission for every purchase done on the product website

Affiliate marketing is one of the most popular (not to mention quickest) ways to make money from your website or blog.

Start by finding a product you like and would recommend. Then on your website, you endorse the product and promote it to your website visitors and email subscribers. If the product or service resonates with these people, they’ll click on your affiliate link, purchasing the product (while you get a split of the sale price).

The commission might be anywhere from 30% of the product or service price, up to as high as 70%. For example, if the split is 50% and you promote an e-book that costs $100, you’ll get $50 for simply referring the buyer.

Product Sales

As a blogger, you’re already a creator of great content. Why not extend that content to include products, such as e-books, guides, e-courses, and more?

When you sell products, you’re in total control of the process. This is great for those who want to be more involved in their monetization efforts and create a standalone source of recurring income.

Sell ad space

Instead of acting through third parties, you directly sell advertising space to media buyers. Therefore, 100% of the advertising budget will go directly to you. No more bothering about traffic, visits or conversions. However, it may require in-person meetings and negotiations that will, however, pay dividends in the long run.

Sell an e-book 

This one is a no-brainer. Many people sell e-books through their site. Some examples: If you have a website about recipes and cooking, you can easily create and sell your own recipe book. The same applies to almost every niche.

Ask for donations and contributions

To make it really work for your website/blog, you should consider not mingling donations with other monetization methods. People are more inclined to push the donate button if they don’t perceive you’re already making big money from your website/blog.

You should also speak about the cause you sustain, for readers to get convinced it’s worth donating.

Accept sponsored posts & articles

One of the common ways to make more money from your website means getting those visitor numbers UP.

Once you’ve done the hard work of building steady traffic to your site with an engaged community, there are a few different ways to monetize your hard work.

For example, many companies go out of their way to look for blogs that will feature their sponsored content. ‘Native advertising‘ like this works well because it lines up with your site’s primary content and it comes across as relevant and transparent.

You can also review the products from a company in an ‘advertorial’ that’s part content, part advertisement. For example, if your website is all about the latest iOS games for iPhones and iPads, the creator of one of those ads would LOVE to have you review and feature their app to your fans.

When done right, this can create a win/win scenario. However – done poorly, with irrelevant or inauthentic site content, it can erode all of the reader’s goodwill you’ve worked so hard to create in the first place.

Service Offerings

Similar to products, service offerings enable you to take control of your money-making efforts. They’re also a way for you to set yourself apart from your competitors, and offer value to your blog’s followers.

Just as with product sales, service offerings enable you to stay in control of the process. Additionally, your services can be a source of recurring income, and can help to establish you as an authority in your niche.

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