There are hundreds if not thousands of articles and blogs that talk about how to make money with your website. Most things on those lists are outdated and hardly yield any real money.
The 5 monetization strategies I’m going to teach you today will help you make passive income with your website. Although these strategies work on autopilot, you still have to do the work to get them going.
Sell Digital Products
One of the easiest ways to monetize your website is with digital products. You can create a digital product on almost anything. I’m often most inspired to create products when I’m facing a challenge in my own business. For example, in 2020 I created a Services & Pricing Guide for my business. I figured other business owners would need this too and decided to make it a Canva template. Using social media and my email list, I was able to generate 50+ sales on its release.
All you need to do to make this happen is add an online shop to your website. If your site is built on WordPress then you can add a shop for free with WooCommerce. If you’re unsure how to set this up then I recommend seeking the help of a professional.
Most website builders make this easy for you. You can also reach out to your website designer to discuss adding on this feature.
Offer an Online Course
Online learning is in demand and will continue to be in the foreseeable future. The world is changing due to the COVID-19 pandemic, and more people are using this time to learn new skills. No matter what level you’re at you can always teach something. Remember this doesn’t have to be a high-level course by any means. You can simply teach a small part of what you do such as teaching the logo design process for a graphic designer.
The most common ways to offer an online course is through a 3rd party app like Poda, Teachable, etc, or host your course on your website. The biggest difference between the two is cost and maintenance. You should reach out to a professional that specializes in the platform you’re considering building your course on.