Making money online is as simple as monetizing your website. However, with so many models out there, knowing the best way to turn your online space into a money-maker is not simple. So, here’s a quick guide to website monetization — from the biggest mistakes to the very best ways to monetize websites.
4. Using a Donation Model
Donation models come in different forms and there’s no surefire way of saying that one type of donation model is best. What is certain is while donation models might sound like pie-in-the-sky thinking, they’ve worked for some of the biggest websites in the world.
The biggest success story to come from the donation model is Wikipedia. The fifth biggest website in the world runs on donations alone and makes more money with each campaign drive. Its donation model consists of annual fundraisers. Users donate to Wikipedia straight through Wikipedia.Continue Reading