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Marketing

How can I monetize my website?

I've recently launched a website and have established a clear goal for the free content I'll be providing users. However, I'm struggling to figure out how to make money.
Opinions expressed by Entrepreneur contributors are their own.

You're smart to think about monetizing your website from the very beginning. I always say until you're making money, it's just a hobby.

Without knowing more about your website and what it offers, it's hard to tell you exactly how to monetize it, but some general ideas are:

* advertising
* charging membership fees
* charging a subscription rate
* taking a freemium approach
* using a service like OpenSky or Commission Junction to sell other people's products and services (as appropriate for your visitors)

These are all good ways to start to think about how you can monetize your site.