There are quite a few ways and steps to monetize your online exploits as your platform grows. Money is the reason you do what you do, because time is valuable and online work takes time. So, from classic monetization to advanced systems like memberships, here are some ideas.
Accept Digital Payments
Digital payments are a vital part of growing an online empire. Without services such as PayPal and Stripe, there wouldn’t be any easy ways for you to accept payments from valued customers. However, it helps to carefully choose a payment platform API because not all are made equally. From mobile apps to eCommerce ventures, you need a payment processor you can trust. However, once you implement a payment system into your platform, the sky is the limit!
Begin with the Classic Methods
There are a few classic methods that most bloggers, eCommerce owners, and videocreators begin with. These typically include allowing Google Ads to run on your platform, affiliate marketing, and sponsored reviews. The latter of which comes when your authority begins to grow. However, you can start the former methods almost right away. Google Ads requires some traffic data, so you need about three months’ worth, and affiliate providers need about the same.
Monetize Your Online Exploits with Digital Products
It might surprise you to learn that the digital product market is worth over $6 trillion today. That’s more than movies, beauty, and video games combined! So, why not take a piece of that big green pie and make some extra income with some of the most profitable digital products:
- Online courses include structured modules, tutorials, and even preparation for tests.
- eBooks are popular because they are relatively easy to create and cost very little.
- Stock videos and photographs are valuable for earning upfront payment and royalties.
Offer Exclusive Membership Perks
When you have some income from classic web monetization methods and are seeing steady traffic of loyal visitors, you can think about memberships. Many of the world’s top content creators offer exclusive perks for signing up to a monthly subscription, such as extra content, private conversations, and merchandise. When you have some loyal followers, they love this kind of stuff and will be more than willing to pay some extra money for high-quality extras.
Work with Brands and Sponsors
The pinnacle of online content creation is becoming an influencer. As an influencer in a specific niche, the doors of the web open up to you, and you can make some serious money. This is because brands will notice you and offer partnerships and sponsorships valued based on how many followers you have and the visitor count to your blog, YouTube channel, or social media account. From there, you can become a real voice within the community and get paid for it!
Summary
Accepting digital payments is the first step to monetize your online exploits as a beginner and as your platform grows. From there, you can begin to apply classic methods such as affiliate marketing. In time, you will see some growth to the point of working with brands and sponsors.
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