Money people are eager about earning money through their blog or website. However, most of them are not ware as to what monetization method will be best suitable for their site. To be very specific, there are three aspects of monetizing your blog or site. The first thing you need to do is advertising, the second step is use your website as a platform to sell your products and services. The third thing is to do everything else that is not related to advertising or sale.

Before you begin, you need to understand your niche properly, determine the number of visitors to your site that you receive every week and month. You should be able to foresee how much your site will grow in the future. Here is a low down on how you can effectively make use of above mentioned three steps of monetizing your blog or site:

1st Step - Advertising

There are various methods of advertising that can kick start revenue generation.

- PPC - PPC also known as Pay Per Click advertising are nothing short and catchy ads that are placed on your site. When a visitor clicks on it, you receive some money on every click on the ads.

- CPM - CPM also know as cost per thousand impressions model is a payment method in which you are paid when thousand people see that advertisement.

- Direct Advertising - If your site receives good traffic, you can approach companies to place their ad on your site and earn through direct advertising.

- In-text ad - Certain words or phrases of your site's content will be highlighted and linked with ads. When you users click on it, they are led to a different website and you get money for that click.

- Audio and video ads - These offer better pay than text ads but can make your site slow.

2nd Step - Use site as platform for promotion of products and services

- Affiliate marketing -Through this you sell third party products or services on your site and when a sale is achieved, you earn a commission.

- Selling or putting your website's page on rent involves providing a very large area of the site for ads rather than using small spaces for ads.

- Sell stuff created by you - If your site has many tutorials, you can create an ebook for your visitors and put it on sale. Same way, if your site is about website templates, you can create premium templates and sell them. If you are expert in some field, you can provide coaching or consulting service through your site.

3rd step - What you can do other than advertising products and services

- Sell premium content - You can make a section on your site with premium content that can only be accessed by premium account holders by paying one-time fee.

- Private message board or forum access - This paid service can be given to users provided you have a healthy and active community.

- Donations - Asking for donations is a simple monetizing step. One can do this through online payment service like PayPal.

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