Getting Paid – Monetizing Your Niche

Getting Paid!

How to Monetize Your Sites

Any marketer who wishes to build niche sites usually wishes to make money from it. Even bloggers who start off blogging as a hobby sooner or later decide to monetize their sites. After all, it never hurts to make some money online to cover your hosting costs and site maintenance costs, etc.

Depending on how large your site is and how much traffic it gets, you can make anywhere from a few dollars to even six or seven figures a month from your niche sites.

In this article, we’ll look at several ways you can monetize your sites. Monetizing is the fun part of building your sites. Once you have the difficult jobs such as keyword research, content creation and the tech stuff handled, finding ways to monetize your site is a walk in the park.

All you need to do is add links and make sure the offers are congruent with the niche you’re in. Of course, you’ll need to know your audience so that you can promote the right products, but all of that is easier than the initial stages of getting your site off the ground.

 
 

 

The Four Choices

 

• Ads

There are many different types of ads that range from banners to pay per click advertising such as Google AdSense. By having these advertising spots on your sites, you can either expect to get paid monthly by the advertiser (banners) or get paid based on how many people click on the ads in your site (AdSense).

• Affiliate links

This is usually more profitable than selling advertising provided that people are buying the products that you’re recommending on your sites. Generally, digital products will get you heftier commissions because there’s no shipping costs and it’s all much easier.

If you’re an Amazon associate, you’ll have links pointing to products on Amazon and get paid a commission every time someone buys through your link. The good news is that Amazon does a fantastic job at selling.

The bad news is that the commission percentages are low and not attractive at all. You can make money, but every so often they keep adjusting the percentages and it always seems to get worse.

It would be wise to have links pointing to other affiliate products. Don’t put all your eggs in one basket. Amazon has been known to shut down affiliate accounts overnight.

• Your own products

One of the best ways to monetize your sites is to sell your own product. Not only do you get to keep all of the profits, but you can also recruit affiliates to help you get the word out and boost your sales even further.

You’ll become an authority in your niche just because you have your own products and success begets more success. You’ll be able to create more products and market them to the same customers (you must be adding them on to a list).

Besides these 3 methods, there are many other tactics such as accepting donations, generating leads, flipping sites and so on. However, if you focus on the 3 popular methods mentioned above, you will be just fine and able to generate profits on a daily basis, if you keep at it and make continual progress.

• Your email

What many individuals do not realize is the money is often in what is called the “back end“.  In other words, the second or third purchases by your customer.  After the first purchase has been delivered as promised, your customer trusts that you will deliver and any fear of purchase is much less.  The first purchase is always the hardest to get.

One incredible way to leverage the customer trust of you and your brand is through the email list.  Once a customer is on this list, you can send offer after offer to them via email.  Many times customers will buy over and over again from you.  This is known as the Life Time Value of a customer and it is often much higher than most new marketers realize.  This list is where the gold is.  Get them to your site.  Get them on your list.  Provide content and offers over and over again.  

 

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