Selling products on your site is probably one of the biggest ways of making money online. Today, there are over 750,000 ecommerce websites that generate over $2,000 + annual profits - a number that is growing exponentially. With the advent of technology, deploying ecommerce site for your business has increasingly become necessary. Not only are you able to sell products online but also services. We, FOHT, will walk with you in your journey of having a custom built online store for your business.
Selling Ad Space is another way of generating revenue from your site. You may find them pointless or annoying, but the truth is, displaying adverts on websites is one of the simplest ways to make money. The most common way to sell ad space is by using a pay-per-click model. This is where you receive commissions from the advertisers every time someone clicks through to their advert from your web page. The average CPC (cost per click) for sites selling ad space is $0.25. To put that into some context, you’ll have to be generating around a thousand clicks a day to earn $100,000 a year in profit. Google Adsense are one of the big players in this Ad Space.
Affiliate Marketing is another way of making money from your site. Affiliate marketing is an arrangement between your website and a company whereby you direct potential customers towards their site. Rather than simply providing ads to users as a sideshow, affiliate marketing can link neatly with your content. Today’s users are much more tolerant to this kind of marketing, and you’ll generally find it a much more lucrative option.
While selling ad space and affiliate marketing rely on your website getting a lot of traffic, donations can be a more effective way of making money if you build a really engaged community. If your visitors (literally) buy into your content, it makes sense that some will be willing to show their appreciation for your work via a donation. Beyond charities, donations are standard among podcast websites, many of whom rely on generous funding from listeners to maintain their show. Wikipedia is perhaps the biggest example of a nonprofit site that accepts donations.
As your website grows in popularity, you may find companies reach out to you in the hope you’ll promote their brand.
Sponsored posts is another way of making money from your site. Sponsored posts is a phrase that gets bandied about a lot on Instagram. It’s synonymous with Influencers, who use their massive follower base to promote products in return for cash. It’s not just Instagrammers who can get in on the action, though. As your website grows in popularity, you may find companies reach out to you in the hope you’ll promote their brand. Call us today, +254 727 793 860, and begin the journey of earning from your website.