5 Best Ways Businesses Make Money From Websites
Posted on: May 12, 2011 by Jordan Hardy Comments Off
In my experience over the years, there are five best ways I’ve seen businesses make money from their Websites. As there are thousands of ways businesses make money online, I’ve grouped together quite a few to simplify.
- Sell a Product Such as Software – If you have invented or licensed a product, a lot of money can be made selling products from your Website online (if marketed well). This category, products, include a one time payment per item.
- Sell a Service – If people subscribe to antivirus or other service where they pay one time or monthly, there can be a large profit margin. Some services entail hourly work done for a client while other services are basically renting a software license or other services on a daily, monthly, or yearly basis.
- Offer Website Membership – Websites such as Angie’s List offer a yearly membership rate. Additional income can be generated by users who forget they have accounts and membership automatically renews (needs to be specified when they sign up, and notice emailed when renewing).
- Place Ads on a Website – Placing banner ads and text ads on a Website can generate some income, although not generally as much as selling products, services, or memberships. Ads on Websites generally make more money when conversion rate and unique page views increase.
- Sell Products and Services From Other Companies – You can have a drop shipping or other relationship set up where you sell products from other companies from your Website.
Tags: Ads, businesses, companies, money, online, products, services, software, Websites Filed Under: Businesses, Making Money From Websites, Money, Online Marketing
