With affiliate marketing. It mainly functions as a system where you generate a sale a product on another site. Every visitor you send to the product website is monitored, and you get a commission for every purchase done on the product website.
To make it really work for your website/blog, you should consider not mingling donations with other monetization methods. People are more inclined to push the donate button if they don’t perceive you’re already making big money from your website/blog. You should also speak about the cause you sustain, for readers to get convinced it’s worth donating.
By creating an eCommerce store. This is one of the most frequently used methods of monetizing a website. It implies putting in place an online store, where users can come and order the products they like. The idea of an e-shop is not new. However, it’s a profitable income source, depending on how much you manage to distinguish the e-shop from your competitors in the online market.
Another option to monetize your website is to offer consulting services. This is a good idea if you want to put your strengths at the value and offer to consult to different companies, in exchange for money. A short presentation of yourself will instill trust and build your credibility as a consultant who’s worth paying.
Writing product reviews represents a simple and fast method of generating income with your website/blog. You have to choose products that fit your niche’s interests, and that you know well. Hence, you can simply drop some lines to express your opinion about those products which might interest your users. You will get paid by companies wanting to promote their products in the online world, by way of product reviews. You can also make money by subscribing to an affiliate program for those products.
Keep in mind that it might be suitable to combine several methods with a tool like Babylon and mold them into a monetization strategy. Carefully choose them and put the perfect monetization strategy work for you.