1. Selling eBooks
Promoting a relevant book through a website is a very popular way of making money online. You could launch a book to ride on a website’s success or build a site around the success of a book.
2. Selling hardcopy books
Many journalists and authors leverage their sites or blogs to sell hard copies of their books. Though some of these people were famous authors before starting their sites, quite a number found fame thorough promoting books on their sites. Some of the most popular self-publishing services include Self Publishing, Lulu, iUniverse and WordClay.
3. Selling WordPress themes or templates
With the many sites and blogs being built every day, there is an increasing demand for WordPress themes and website templates. As a designer, you can sell and promote your work independently.
4. Offering consultancy services
If you are an expert in any area, you could make an income through offering consulting services. The information and articles you share on your blog or site will validate your expertise, thus enabling you to win the trust of customers.
5. Creating an email newsletter or list
Email newsletters and lists are some of the most effective money making and marketing tools online. They offer great conversion rates and are efficient in calling people to action. It is not difficult to create a large list. If your site is popular, you can take advantage of that to get more subscribers on your list.
Email newsletters can be managed using software such as SendStudio NX, AWeber, Constant Contact adnd PHP Autoresponder.
6. Mentoring programs
Education is a very lucrative industry worldwide. Many people would be willing to spend money on something or someone who can offer them knowledge. You could create a mentoring program which is relevant to your site’s niche. With proper structuring and promotion, this can be very profitable. The information can be delivered thorough text articles or video and audio lessons.
7. Creating web-based conferences
If your site becomes an authority, thus earning respect within its niche, you could consider building a conference around it. Such an event would enable you to make money from sponsors and conference passes.
Charles Mburugu often writes about social media, technology and blogging tips. Currently, he is writing for Flash templates.