WEBSITE/APP MONETIZATION

While ecommerce portals earn money by selling products, websites based on information sharing, entertainment and social media need to think hard about monetization. While you can always brainstorm for new ways to make money from your website, here are some popular time-tested ways to generate profits:

Banner ads

If your website has good amount of traffic and authority, then, hosting your own banner ads can be more lucrative. You can quote your own price on the basis of ad size, display duration, and position.

While Adsense pays website owners whenever a visitor clicks on the ad, selling ad space has no such conditions. You can charge a plain monthly rate.

Pro features

If you have a great digital product that people love, then, you can plan pro features and charge your audience base for it. Social media sites use this monetization option a lot. The biggest examples are Boost Posts and Promoted Posts on Facebook.

Similarly, there are various other online ventures that charge a little extra for additional storage space, enhanced security, and better experience. Flickr and Dropbox are some examples.Content sharing websites can also charge a small fee for researched posts and tutorials.