So now that you’ve got a great tool to measure your traffic in real time (that’s us, rankfanatic.com), what do you want to do with the information?

You’ve probably heard about the millions of dollars being spent on the internet every day, but have you thought about ways to put that money right into your own wallet?

Here are 5 tools that you can use to monetize your own website

PPC Advertising – Google Adsense, Bidvertiser, and RevenueWire are just a few ways that you can add advertisements to your website or blog.  Every time your visitors click on the site, you get paid.  If you have a website that has substantial traffic, this can be a good residual income, but typically PPC only pays pennies per click.  There seems to be a general feeling that PPC ads make your website look cheap, so make sure you consider your brand reputation before choosing PPC.

Sell Your Stuff – Write an ebook on a topic that interests you.  Sell your own stock photography.  Create unique iPad or iPhone backgrounds.  Think of something that might be interesting, and valuable, to your readers, and then fin a way to give it to them.

Direct Banner Advertising – Create a banner for your website (there are many WordPress themes that are already built for this) and then find an advertiser who should be interested in your current audience.  You will need to be able to give them information about the kind of people that visit your site in order to demonstrate why they should advertise with you – and rankfanatic.com can help you with that.   You can even give them a sliding scale for payment.  As your traffic increases, so do your prices.

Affiliate Marketing – When your readers click on your affiliate ad, and then make a purchase, you get a cut of the sale.  Amazon.com, ClickBank, and even Sony have popular, and lucrative, affiliate programs.

Pay for Review – This option can be a bit tricky, as there is a perceived (and in some cases, real) bias in favour of the company or product that you are reviewing.  Regardless, if you have the traffic and can write in a way that doesn’t come across as a corporate shill, you might find that paid reviews are a good fit for you.  Check out blogsvertise.com, reviewme.com, or payperpost.com.

Now that you know how much traffic you are getting, it’s time to start using it to your own benefit.  With rankfanatic.com, you can get real time results that you can use to tweak your website to get more traffic, and more clicks, to give you more money!