Business Development
Marketing
websites
Digitising your business and translating effective word-of-mouth strategies into a successful online presence involves several key steps to successfully monetise your website.
This element of your business digitisation is the most basic, and fundamental element of your business in 2025. It still amazes me how many businesses either only have a facebook page or have a website, but have not fully developed or claimed their social or owned media assets.
It is the architecture and type of business model you wish to develop online that will demonstrate whether you are trying to statically recreate something that was first designed to thrive in era before digital or whether you are committed as a business to develop something and a revenue stream that is best delivered online.
If you think of it as much as a diversification project as a web build you can discover significant additional revenue streams that if nothing else through monetisation may help toward the expenses of the site build and maintenance.
For example, many office-based businesses have diversified to offer hot-desk or meeting room hire, to allow for the shift in working patterns and offset the lease costs associated with the building.
Additionally, you may find that the process of new business pitches has changed your new business operations and that to opt for freemium ecommerce structures may assist in your new business activities. If you have built a wealth of expertise in a specific area, why publish this free? Why not make some money out of the downloadable content?
Contrary to popular opinion the ‘monetisation of your website’ is not limited to selling or hosting of advertising space. The term monetisation refers to any method whereby your site makes money. You would need to be able to offer something of value – product, service, content or platform and charge a fee online.
Below there is a list of methods to charge money and earn online within a recognised digital business model.
Once you have decided what, if any, digital business model to implement, introduce or transition to, you are in the position of being able to work through the necessary elements of the proposed web build project with a view to briefing this into a specialist website developer or agency.
Essential to the success of this is having a clear summary of product structure and brand and your objective for the build alongside a budget.
Providing the analytics tools in the first instance is a wise idea, allowing content, structure and engagement reports. Understanding where your business is at in terms of repeat customers, sales lifecycle, and whether your current sales activity is being driven by demand for the product or by the products that drive the higher percentage of return. And relaying the key points to the development team, is equally important. Additionally, providing your actual competitors is an absolute requirement, whilst the analysis and tools available to any experienced digital marketer or SEO will be able to generate gap analysis and other vital statistics on competitor performance, it may be more valid for the longer 6-12 month period of your business digitisation.
From here, a technical specification is required and I would strongly recommend you obtain input from content marketing specialists, SEO experts and UI/UX alongside skilled brand or design teams.
Aside from your owned media, you will also need to plan the delivery and objectives of your other digital marketing and resources and allocate budget. The process of budget allocation is usually determined by the forecasted value each channel can bring to your business, however, in a project whereby you are taking the first steps to transform your business into a competitive digital operation, you may want to focus on competitor analysis and spend some time attributing budgets to allow feasibility testing.
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