Website Monetization is the process of making revenue from traffic coming to the website. There are many ways to monetize a website, such as Pay per click, advertising , Cost per impression advertising, Banner advertising, Affiliate programs , Data monetization , Paid subscriptions , Donations and
Web Monetization is a new way of website monetization that allow to pay creators in real-time through an API that uses Interledger Protocol micropayments to monetize a website or streaming channel. Users can enable web monetization for payment streaming through polyfill or an extension. Content creators are able to implement it by adding a line of code to their website or specifying a streaming channel for web monetization.
A decision to implement Web Monetization to do website monetization is crucial because it :
- Easy to set up - all you need is a tag
- Simple to use
- No action required from users
- Traffic equals payment so quality content is rewarded
The most known service that pays content creators with the help of Web Monetization at the moment is Coil.
How Coil works ?
Members pay a fixed amount each month.
Users create a web monetization wallet and monetize their content.
Coil sends micropayments to users' wallet every two seconds. Coil members enjoy their Tiki pages.
The Custom Code area in Tiki allows us to add content (meta tag) to the top of every Tiki page. This could be used fo our Web Monetization feature. This allows online content creators to monetize their content it's available for all versions of Tiki starting from version 12.
- Create Your Coil Account
As the very first step, you need to create a coil content creator account in order to receive micropayments from coil members.
Go to the Coil website and go through the Signup process. Make sure to signup as content creator.
- Get Your Payment Pointer
The next thing you need is a payment pointer. This will tell Coil where to send the donations that are coming in from Coil subscribers visiting your Tiki site.
You can easily set up your payment pointer from the settings panel in your profile on the Coil website. Simply navigate to the settings page and click on the "Payout" tab.
You will find an overview of different payout options including setup options to follow.
The payment pointer is not confidential and bears no security risks, so don’t worry about hiding it.
- Link coil pointer to Tiki
Look up your meta tag under Settings > Monetize Content from your coil account.
<meta name="monetization" content="Your payment pointer">
Then copy that coil meta tag in the Custom HTML <head> Content area on the Customization tab in your Tiki control Panels .
For that, go into your Tiki control Panels > Look & Feel > Customization > Custom HTML head content,