This is easily one of the most frequently asked questions today. There are several ways by which you can turn your website into a virtual cash cow. And the only thing that you need to consider when it comes to earning extra cash online is the type of website that can help you achieve this goal. Before you even start working on your website, it is imperative that you establish your expectations and objectives. In order for you to do this, you need to understand the different types of website that can be monetized.
There are 4 basic types of websites that you can set up and manage to earn money online.
A content website is basically focused on a specific subject or topic that is of value to your target audience. A typical example of this type of website is WebMD. These websites will allow you a certain level of flexibility when it comes to the information and data that will be included in the pages. In addition to this, this is also the type of website that is search-engine friendly primarily because it brings relevant and valuable information to people searching for solutions and advices on a particular topic or subject.
Review website provides expert and personal insights of people about a particular product or service. The coverage of review sites may include movies, music, books and other publications, electronic gadgets and appliances, clothing, food, special services and businesses. What is great about review websites is that the content normally comes from the visitors of the website. This means that you don’t have to spend a lot of time managing the website.
This type of website provides products, highly specialized and high-value content, downloadable information, tools, solutions, etc. to registered members. Thus, in order to access these information and suite of products, one needs to register and open an account with such a membership website. This can have limitless earning potential and as long as you provide the members useful and valuable information and services, you can expect them to continue their membership. The best examples for this type of websites are Facebook, LinkedIn, Twitter and other social networking sites.
This type of website allows you to handle the nitty-gritty of the sales operation without having to manage the actual inventory of the products or goods that you are “selling.” Through your website, you can receive orders, payments and shipment details from customers and endorse such orders to the wholesaler or manufacturer for the actual delivery of the products. A dropship website gives you the opportunity to be part of the marketing and distribution channel and obtain your share of the margin for “selling” the product to your customers.