Incase you have a website or blog that you wish was making you money, this article is for you. You may also not have a website yet although you have seen very many “bloggers” making money from their websites. Wouldn’t it be nice to add to your full-time income or even replace your job with cash generated from your own website?
Though this idea may seem very weird, you may be surprised to know how many people are making much money simply from their websites by writing on topics that interest them personally. How to make your website/blog to pay your daily bills is a very good example of how to make this fun and profitable strategy.
So before, you think of going to Kannabulemu to the farm, or look for land to start fish farming (as shown on TV), you could consider websites as a side income. See why below:
Every site you work on needs to be treated differently to make money out of it.
It can take you some time to think out on the way to make money from your website in Kampala and any region of Uganda. If something doesn’t work, try something else or do it differently. Don’t just give up on your website design. The main reason people with websites in Uganda fail, isn’t mainly because their blog or website is bad but because they think websites and the whole internet business in Uganda is not yet ready.
These are some of the hot ways of how you can make money using a website in Uganda.
Direct Banner Advertisement. Renting out your website advertising space is one of the well-paid methods. Here the middleman is cut out and no need of paying commissions and you are to determine your own rates. Most popular banner formats on the net are the 120×600 skyscraper, the 300×250 rectangle and the 125×125 button the 728×90 leader board.
Monetization Widgets. Widgets are the latest trend on net that lets you make money on your website. For example Widgetbucks and SmartLinks services operate under PPC scheme and are good examples of widget. They sometimes behave like text link ads and others like leverage affiliate links.
Affiliate Marketing. This is a very popular practice on the website. Below this system you have a dealer who is willing to allow other people to sell both directly and indirectly there products and services, in case of paying commission. This type is also called cost per action (CPA). An affiliate sends potential customers to the dealers using numerous tools, from banners to text links and product reviews.
Private Forums. Create a private forum for members to pay a single or recurring fee to join even though the internet is populated with free forums. For example SEOblackhat charges $100 (UGX 350,000) monthly from their followers, and they have so many of them. When charging for the price for forum membership, be precise with the values you provide to members.
Pop-ups and Pop-unders. Pop-ups are a common though annoying form of advertising on the web. If you want to make as much money as possible from your site, you can experiment with them. And If you want to grow the traffic and generate faithful visitors, however, you should stay away from them. Consider those of pop-up blockers out there: there are many reasons why they are so popular.
Donations. Inserting a “Donate” link or button on a website can be an efficient way on how to make money, especially if your site is on a position where readers (clients) learn and gain value from your content. Personal productivity and developed blogs, for example, tends to do well with donation based systems. A small variation (difference) of this system appeared some time ago with the Buy Me a Beer plugin. This Word Press plugin allows you to insert a customized message at the bottom of all article and asking the readers to chip in for a beer.
Creating a conference around your website. If your website takes off and becomes an authority on its position, you can create a conference about it. It depends on the size of your viewers, this event can attract thousands of people, and you can make money directly from conference passes, sponsors and many others.
Search Engine Land for instance, creates series of conferences which visit several cities in many countries including Uganda. These conferences are called Search Marketing Expo and the tickets are so costly worldwide. therefore, this can help you make money on your website.
Mentoring programs: Building a mentoring program related to the position of your website can help you make money if you manage to structure and promote it effectively. There is a wide range of tools and media that can be used to deliver the information, from writing articles to audio lessons and video lessons. People/ clients are willing to pay for something that add, teach and give them knowledge. For education is among the biggest industries in the world.
Renting or Selling Internal Pages. Million Dollar Wiki made this concept popular; it was used on the net for a long time. These websites sell internal pages on their domain for both single fee or rent for a recurring fee . They usually have either great Pagerank or great traffic, therefore people purchasing a page will be able to benefit in this way. Implementing this method on a small blog would not be easy, but its concept is exciting and could be explored more.
Selling the Website. Selling your website is another way of making money even though it could be your last resource, it has the ability to generate big sums of cash in a short period of time. The Market places on online forums like digital point and site point are most of the time active with website buyers and sellers. You have to keep in mind that they most used parameter to determine the value of a blog is the monthly income that it generates, multiplied by a certain number. Some people also make money through trading and flipping websites. They sometime create them from scratch or buy existing ones, and after using them, they sell them for more profit.
In conclusion, the following are the main ways of making money using a website; direct banner advertising, text link Ads and affiliate marketing.