The beauty about websites is the fact that there are so many different ways they can generate cash and in this post, we hope to give a comprehensive list of the best ones. Yet every website is me-focused. How can I make money from a website is not the question we should ask. How can we provide so much value that websites help the visitors willingly give you money? That is the real question you should be asking. You should be looking to help people first and foremost than we can go into ways a small business can make money from their website.
This is something that is very under-utilized despite the obvious transition from free blog to service. If you have a certain level of expertise than the chances are that someone will pay for it. With tools such as Skype, Google Hangouts or even an e-mail, you can coach anybody in the world while deciding your own hours of work. Common services offered over the internet are as follows. . .
- Blog Maintenance
- Freelance Writing
- Meal Planning
- Cat Training
- Dog Training
- Career Coaching
- Parenting Tips
- Workout Plan
- The list goes on.
Basically any service that does not require your physical presence can be offered over the internet.
Coaching is one thing but a course is another. Courses take a lot of upfront work but after everything is done, you could have an income for life. One of the best things about selling information is that it is extremely hard for someone to copy your product. Again, niche is the new big. Courses that make the most money tend to go for a smaller market. For instance, there is ebook that teaches people how to train their parrot. Since the product is so niche, the market is underserved which has led to the creator of the ebook making over $400,000 per year. The creator lives in India and prefers to have a frugal life.
3. Physical/Software Product
If an informational product is not for you than you could consider a physical or a software product. Software has high costs associated with it and need constant maintenance, therefore successful software products charge a monthly fee. Software products also make money from ads or selling information on their users. On the other hand we have physical products which are not as high cost but can be easily replicated. Again being niche leads to a higher success rate. For instance, Vibram Five Fingers are special shoes for barefoot runners that protect against debris such as glass and thorns. Since the barefoot market is so underserved, Vibrams have done exceptionally well. In fact, they are unable to supply shops because their website performs so well. There are lots of other ways websites make money but these 3 ways have shown to have a higher margin.