What are some effective ways to monetize a website? What are some examples of sites that have done so successfully?

There are several effective ways to monetize a website. Here are some popular methods along with examples of successful sites that have utilized them:

1. Advertising: Displaying ads on your website is one of the most common ways to generate revenue. Google AdSense is a popular advertising network that matches relevant ads to your site's content.
2. Affiliate marketing: Promoting products or services and earning a commission for each sale made through your referral is another effective strategy.
3. Sponsored content: Collaborating with brands to create sponsored posts, reviews, or articles is a profitable avenue.
4. Membership or subscription model: Offering premium content or exclusive features to paying members can be a lucrative approach. The Wall Street Journal employs a subscription model, providing access to premium news articles and analysis.
5. Online courses or digital products: Creating and selling educational courses, e-books, or digital products tailored to your niche can be a profitable venture.
6. Donations or crowdfunding: If your website offers valuable content or services, you can give visitors the option to make voluntary donations or participate in crowdfunding campaigns.

It's important to note that the success of monetization strategies depends on various factors such as the niche, target audience, traffic volume, and the quality of the content or services provided. It's recommended to carefully analyze your audience's preferences and experiment with different methods to find the most effective monetization strategy for your specific website.