Building an established website or publishing platform and increasing organic traffic is really a tough job. You have invested a lot of your time to select the right niche for your website and develop its audience. And now, you want to monetize your website and earn a decent profit.
But is it the correct time? Should you really start monetizing your website right now? And how can you get started with monetizing your website?
In this article, we’re going to answer all of the above questions and help you figure out how you can start monetizing your website.
So, let’s begin…
Things To Consider Before You Start To Monetize Your Website
Before we go deep down into the details, you need to understand that running monetization ads and actually earning a substantial profit from it are two very different things. As a website owner, you may decide to run ads on your site even if it’s having just 10 daily web visitors. But these ads aren’t going to earn you any money.
Remember, when we say monetization of your website, we meant earning a substantial amount of revenue from it every day or month. And the actual profit you’re going to earn depends on multiple factors such as the niche, web traffic classification, and your web visitors’ nationality.
So, before deciding whether you should start to monetize your website or focus on increasing the organic reach of your site, here are a few things you need to consider:
- What is your website’s daily traffic or how many people visit your website every day?
- Do you keep adding new content to your website?
- Do your website attract mostly mobile traffic or web visitors who are using a desktop?
- Also, do you have the right location and demographic information of your visitors?
- How many regular visitors and subscribers do you have?
When Should You Actually Start To Monetize Your Website?
According to the general rule of thumb, you should start to monetize your website only after crossing 5,000 – 10,000 daily web visitors. From our previous experience, we found out that website owners start making a decent profit only after reaching that mark. Moreover, your revenue also depends on your target audiences’ location and device.
For example, if your web visitors are from first world countries like the US, Australia, UK, or Canada and using mobile devices, then you’ll be able to make a handsome amount of money.
However, if your website isn’t attracting at least 5,000 daily visitors, then it would be a good idea to concentrate on increasing your website’s organic reach for now. You should focus on promoting your website for the time being. And once you cross the 5,000 daily visitor mark, you can start monetizing your website an earn real money.
What Are The Right Ad Formats To Start With?
As a website owner, you may know about different advertisement formats you can use on your websites. However, what most people don’t know is that your audience size affects the effectiveness of the ads.
Below, we have explained the right ad format for your site depending on its daily traffic.
Websites With Less Than 10,000 Daily Traffic
If your website is still growing and has less than 10,000 daily traffic, then push notification ads will be the best monetization tool. We’ve surveyed hundreds of publishers’ websites with less than 10,000 daily web visitors. And according to the final observation, push notification is the best performing ad if your site attracts less than 10,000 visitors every day.
Websites With 10,000+ Daily Traffic
If your website has more than 10,000 daily traffic, then using native ads alongside the push notifications would be the best idea. Native ads generally have valuable information relevant to your site’s niche. So, if you have a well-established site and you add new content frequently, native ads would be the best bet.
Conclusion: Start To Monetize Your Website Today
It can be quite hard to monetize your website in the right way and maximize your profit. But if you develop a loyal audience, get over 10,000 daily visitors, and use the right advertisement format, then it will be quite easy to make a decent amount of money off your website.
Keep the above tips in your mind and start monetizing your website today.