All these years, digital publishers are incessantly looking for promising ways to monetize their content, especially as they discover the associated advantages. Some publishers at the same time are uncomfortable of being called a sell-out and lose the connection with their readers.
For those of you, I suggest – True, it’s extremely important to stand out as a credible source of information but it’s overmuch necessary to build your online reputation and generate a revenue stream out of your hard work.
Loyal customers (the real ones) who value your unique high-quality content will anyway accompany you all along the journey. Just giving your readers more options to engage, delight, and feel important is necessary.
Remember it is of utmost importance to deliver a content that your readers love. A lack of it will occur as a stumbling block while monetizing your content.
With no more hitches in your way and your priorities set, let’s move on.
As digital publications are on the rise, the opportunities of the digital content monetization are also increasingfor digital publishers. But this upswing also brings in more challenges and a hard time deciding the right option.
Worry not! I’m here to help. Below in this post are explained promising strategies for monetizing your content.
All-Free
Yes, you heard it right. Making your content accessible at no cost in initial days helps in monetization in the long-run. Thus, this method is great to initially direct more website traffic and build a position in the market. But, it’s not sustainable and cannot become a part of your long-term strategy. Once you gain the audience and trust,smartly make a move towards other profitable modes of monetizationby either opting for advertising on your website or going for advertorials.
Advertising
This method is well-known to all of us as it has been in use since the age of print. With a simple twist, you can take advantage of this strategy in terms of online native ads and sponsored ads.
Native ads help you in informing your customers about new issues, subscriptions or other related information whereas sponsored ads are displayed by the selected sponsors. It is suggested to choose the sponsors belonging to your field, so as not to irritate users with unwanted information.
Analysing the user-behavior online and their past buying pattern, you can offer relevant ads and buying suggestions. This helps in improving onsite customer experience, ease their buying decisions and also greatly enhance chances of closing a sale.
Though, ads help in driving users to your content, if not placed appropriately they may irritate users and hamper reading-experience. Hence, try to place your ads in such a way that they are non-intrusive.Or you may even register for googleadsense which can help you to get revenue with contextual advertising.
Subscriptions
You might have heard about the buzzwords – Paywall and Freemium. These terms refer to the ways adopted by the digital publishers to attract their customers for buying subscriptions.
Basically, these approaches expose a new user to some of the free content at first (often referred as free-trial in terms of services or software). Once the user gets engaged and is interested in reading more, the premium chargeable content is introduced for which they need to buy subscriptions. Even if it is chargeable, unique content always remains in-demand.
Affiliate links
This strategy is excellent for making some extra money, but only if you enjoy high traffic. It requires you to partner with major online companies or other affiliates of interest.
For example, you can include an affiliate link in a blog and earn a pre-decided portion of completed sales. This includes mentioning or reviewing a product or service in the blog content along with a link directed to them. As a result, being a digital publisher youend up getting your share if a user clicks on the given link and successfully makes a purchase.
Licensing
Licensing is one of the competent methods of monetization to generate additional revenue. Digital publishers can brand or license their unique content and distribute it in the market or sell to any organization.
(Book Publishing Software and its Functions)
Monetize your community
Lastly, it is essential to look after your community as they are the major drivers of your content generation. It is suggested to improve upon the feedback or problems faced by them. Consider investing in making their experience better and giving them leisure time with exceptional publications.
This will inculcate immense trust and develop a special bond with your audience. Consequently, they will be more attracted towards your content and help in further monetization.
All in all, content monetization is a hot topic and demands immediate attention for a fruitful future. Spend some time and efforts to carefully determine the right strategy before implementing any.
Want to share some more monetization strategies? You’re welcome. Please write to us in the comment section below.
Important – Adding content around the key “keywords” helps in making the topic relatable.
