We’ve put together this little guide to help you monetize your domains. It’s fairly basic but some might find it useful.
If your domain has an obvious use (fits into a particular niche) you could start your own site, and earn money via the methods listed below. There are plenty of free CMS (content management systems) out there, but our favorite is WordPress. Not only is it free but it’s super robust and flexible. Lots of free plugins, and themes, and plenty of premium options too. If you’re looking for a host, check out GoDaddy. They have numerous hosting plans, including managed WordPress.
If your domain targets the keto diet for example, you could review keto books and earn affiliate commission via Amazon. Aside from product reviews, you could also do price comparisons. There are lots of options. And lots of affiliate programs to choose from too. Amazon is just one example. Google is your friend!
Sell Ad Space
Once your site is alive and kicking, you’ll have the option of selling ad space. You can deal directly with advertisers or you can use something like Google AdSense which is basically a plug ‘n’ play solution. You simply insert their code into your pages, and they’ll display relevant ads for you automatically. And you’ll earn $ for every click. Combining affiliate marketing with AdSense or similar gives you a couple of different revenue streams which is always good.
If your domain is product/shopping related, you could open up your own Shopify store. Sell your own inventory or find a wholesaler and have them ship to your customers on your behalf. This is known as dropshipping and it’s quite popular these days. Oberlo is a great service which allows you to select from numerous suppliers and it plugs directly into Shopify.
Shopify is a premium service but you can try it for 2 weeks free of charge. Oberlo is free to join, but you’re limited to around 500 products. To increase your limits, you’ll need to upgrade to a paid plan. If your store becomes popular, the membership fees will pale in comparison to your profits.
There are probably lots of other ways to monetize your domains but we’ve just mentioned the ones we’re aware of and have personally used.
Hopefully this has been helpful!