You’ve heard that people are making full time incomes from their websites, right? But have you wondered how the heck they are actually bringing in the money?
You might be thinking that you have to create and build a product, invent something, or open some kind of online store and invest in inventory.
But you don’t have to!
There are far easier, and less expensive, ways to profit with your website. I don’t care if you’re writing about cake decorating or politics, you can turn your website into a money-generating machine!
The Top 2 ways to make money from your website
Make Money By Selling Your Own Digital Products
One of the best ways to make money as a blogger, is by creating your own digital products. This could be in the form of ebooks, video trainings, worksheets, checklists, printables and more.
One of the things I learned while creating a 7 figure website was that creating digital products was a great way to generate income and help people in the process!
You might consider yourself “only” a blogger, but don’t stop there! There’s a lot you have to offer your readers that they would be willing to pay for.
Consider your topics; certainly, there are readers who want to know how to do what you’re doing or where to find more information on a given subject.
I’ve found that the best trainings are teaching the thing that is the EASIEST for you to do. The thing that you could do in your sleep! It’s often the one thing that feels the weirdest to charge for because it seems “So Easy”. But that is when you know you’ve got the right thing.
What is easy for you, is not so easy for someone else. If you could make it easy for them to understand, then they are willing to pay for it!
At TheSellingFamily.com I have a ton of digital products. These include ebooks, video courses, lists and more.
The great thing is, all of these can be created very inexpensively. You can do it yourself using just your computer.
These products are hosted online – your ebook can be emailed in pdf form and your video trainings can be accessed through your website with a private link.
If you prefer to teach by talking or showing, then a video course would be best for you. If you are better at explaining things in written words, then ebooks are the way to go. Or if you are creative and like to make printables that are fun to fill out or have a specific purpose, that can be your product!
Soon, I will have a course showing you the processes I use to create my digital courses, so make sure to sign up to receive updates at the bottom of this post! You will get first notice when the course is ready.
For now, if you want to know more and get started right away, I would recommend picking up this course about creating your first ebook. I worked with Abby while she was creating this training and I can say it is totally awesome! Book Boss will have you up and running with your new ebook within 90 days.
And as you create products and build a following, you can flip the affiliate marketing idea around: you’d offer other online entrepreneurs a cut to send customers to you. As you grow and network, you’ll meet more and more like-minded business owners and develop a circle of people who you trust and can do business with. It can really grow into a very large referral network. More about affiliate marketing below 🙂
Being An Affiliate For Products You Love
With affiliate marketing, you are paid when someone clicks through and then actually purchases a product or service. You are basically getting paid a commission for the sales that you refer to someone else (be it an individual or company). Sometimes this is a fixed fee and sometimes it’s a percentage of the total sale.
I currently make money as an affiliate, as well as run an affiliate program where affiliates promote my products.
You may need approval from a business to join their affiliate program and you’ll find some broad ranges as far as what percentages different companies pay. As you become more established and can show higher sales conversions, you can sometimes negotiate higher commission rates.
One affiliate program that is easy to use and works for almost all blog types is the Amazon’s affiliate program, called Amazon Associates.
You are able to share products that you like on Amazon and if the reader makes a purchase on Amazon within 24 hours, you will make a commission on the sale. The commissions are not very high, which turns off many bloggers, but I find it so easy to use that it is worth it.
For example, on my other site, TheSellingFamily.com, we recommend our top tools that Amazon sellers should have on hand when selling on Amazon FBA. Whenever a reader clicks through to Amazon and buys that product, we earn a small percentage of the sale. This is one of our top visited pages and overall we are able to bring in about $1,000 a month in commission from Amazon.
One great thing about affiliate marketing is that you can share products / services that you are already using / love and get paid to do it. I don’t partner with anyone whose products I don’t like or wouldn’t use myself. It is so important to only recommend products that you actually believe in, because by sharing it, you are giving your stamp of approval.
I am very picky with the types of affiliate programs that I am willing to join.
If someone is offering a tiny commission on a digital product, I will not join the program. That tells me they don’t understand the benefit of having awesome affiliates! For digital products, I am looking for commissions of at least 40%, in special circumstances, I will do 30%, but rarely.
If it is a service, I am looking for 20% recurring commission, or a one-time lump sum that equals at least a months worth of fees.
With my own affiliate program, I offer a 50% commission for my digital courses.
The best way to start out with affiliate marketing is by checking the products and services that you are already using and see if they have affiliate programs. If they do, sign up and then write a blog post sharing about your experience with it.
Another way, is to do a book review for one of your favorite books on Amazon.
Affiliate marketing doesn’t have to be hard! You are sharing things that you love, so it should really be easy.
For example: I trust Michelle from Making Sense Of Cents and she has a guide that breaks down the process of affiliate marketing in an easy to understand and implement way. Michelle makes way more than me as an affiliate marketer (more than $50,000 a MONTH) and I have learned a lot from her. If you want to dig into the nitty gritty of all things affiliate marketing, check out her guide Making Sense Of Affiliate Marketing and get started today.
See what I did there? I shared something with you that is valuable and I genuinely like. Plus, if it is helpful to you and you decide to purchase it, I will make a commission! Win-Win-Win!
There you have it! These are my top 2 ways to monetize your new website!
WHAT TO DO NOW:
1. Let me know in the comments how you have monetized your website.
2. Do you have any questions about these 2 ways of generating income from your website?
3. Share this post with someone who needs it, or give it a share on Facebook or Pinterest
4. Sign up to receive updates, below, so I can help you grow your online business to levels you never thought possible!
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