Copyright
© Kevin Bidwell
Many people think of web business in a single dimension.
They only see their business as selling an eBook. Or drop shipping. Or
selling software.
The reality is there are many ways to make money from
(monetize) a website. Here are my top 12:
1. You can create an eBook product.
This can be easily automated, meaning that once this
site is up your daily routine would be marketing and answering minimal
customer service emails. The entire order process can be completely
automated.
2. You can create a digital tutorial product.
Again, this can be easily automated, meaning that once
this site is up your daily routine would be marketing and answering
minimal customer service emails. The entire order process can be
completely automated.
3. You can create a software product.
Easily automated as well, meaning that once this site is
up your daily routine would be marketing and answering minimal customer
service emails. The entire order process can be completely automated.
4. You can sell a “hard good” you purchase wholesale (or
manufacture) then sell at retail.
This requires you to purchase the product before-hand
and fulfill orders yourself. You would spend days filling orders,
managing shipping and returns, marketing.
5. You can sell a “hard good” as a drop-shipped product.
A “drop shipped” product is a hard good that a
manufacturer ships directly for you to the customer. You collect the
retail price on your website, forward the order to your manufacturer
along with the shipping and wholesale price and keep the difference.
Similar to #4, you will have to spend some time
fulfilling orders, but the time consuming task of shipping is done by
your manufacturer.
6. You can sell advertising.
For a high demand market niche this can produce solid
revenue. Ad sales can be done by an outside agency, you can sell them
yourself and/or you can use services like Google Adsense or Traffic
Showcase to provide ads for you.
Here you can generate a nice income with a “hands-off”
site provided you can position yourself well in a market place. Solid
demand coupled with good search engine position can give you a good
deal of time freedom.
7. You can sell affiliate products.
If you have a solid search-engine position, this one can
be run much like an advertising site. If you don’t have solid SE
position, then you would spend your time creating and sending a
newsletter, writing articles and generating traffic to your site.
8. You can promote an opportunity (like Multi-Level
Marketing, etc.)
The key ingredient here is building a huge opportunity
seeker list. Your best time is spent generating new leads and
cultivating them into a paid down line. There are many online
“training” programs that can automate training, but marketing to get
the new leads is how your time would be used.
9. You can generate leads (to sell wholesale or to plug
into an opportunity site)
If you are wanting to promote an opportunity site, then
this goes hand-in-hand. The time here is spent getting people to the
lead generation site and getting them into your “system.”
10. You can sell a service.
If the service you provide can be completely or almost
completely automated, then you would spend your time marketing your
site. Keep in mind, however, that if you are offering a “physical
service”—like proofreading or carpet cleaning—you will need to spend a
significant amount of time actually providing the service.
11. You can run a subscription site.
Subscription sites are a great way to go for a solid,
recurring income. Keep in mind you will have to be constantly updating
the content in order to retain members. Your time beyond that will be
spent marketing your site.
12. You can use a combination of the above.
Obviously there are many online businesses using a
combination of two or more of the above.
The big question you need to answer when it comes to
choosing a monetization model for your own business is lifestyle—how
much you want to work (if at all), how much money you want to make,
what things you enjoy doing.
Choose the monetization model that best fits your end
goal.
Kevin Bidwell owns http://www.All-In-One-Business.com
and has helped 4,953 people start a business from home. Visit now to
pick up your own free How to Start a Business from
Home guide now.
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