An online community can be more than just a community. There are several ways you can monetize your online community and raise capital for your organization. Here are some great ways to create a revenue stream from your community!
Charge for memberships
One of the easiest ways to monetize your online community is to present membership fees. Many are successful doing this because it allows members to have access to an exclusive community where they receive valuable information and opportunities. Although this may mean less members, you will now have the money to invest back into the community to provide better content and opportunities.
Sell eBooks
Write an eBook that attracts members of your online community. You could include interviews and tips from experts in your niche industry to attract interest from your members. Having a catchy call-to-action title will further encourage users to buy your eBook!
Advertising
Many companies will pay you a fee to promote their product within your community, especially if you have a large audience or a niche area of interest. Take advantage of advertisement opportunities to raise funds!
Affiliate Products/Brands
Another way community leaders are making money in their online community is by using affiliate links. You can promote products and services that might interest your community and receive a portion of the profits if members buy them. Breezio offers several features that can help you promote these links through real-time content sharing!
Premium or Exclusive Events
Offering premium memberships and exclusive events can help you create revenue as well. You might charge extra for access to the monthly newsletter, or to be first in line for new products being released.
These are just a few of the many ways you can create a revenue stream in your online community! Breezio is an online community platform that can help support all of your endeavors to monetize your community. Click here to learn more!
