Your content is a precious thing when it comes to making money online. With the right monetization strategies, you can set up a channel to create an extra online income.

Entrepreneur magazine contributor Timothy Carter has shared eight strategies to help you make money from your content.

Carter says, “Regardless of whether you’re writing blog posts, syndicating a podcast or live streaming on a regular basis, you can use most (or all) of these strategies to make money:

  • Direct advertising: One of the first options people turn to is advertising. If you’re on YouTube or a similar platform, you might be able to make money directly based on the ads your platform chooses to display. Otherwise, you can choose to host your own ads. This is a simple strategy that offers a return proportional to your total audience, but be careful. Some of your fans won’t appreciate your advertising, and there’s always the risk of advertising a sketchy product that compromises your reputation.
  • Sponsorships/affiliate links: You could also work with sponsorships or affiliate links. With an affiliate link in your content, you’ll generate revenue as a percentage of the number of sales you influence (usually dependent on how many people click the link)”.

Online Content Monetization 101: How to Make Money From Content

Entrepreneur

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