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Team USA’s Erik Shoji Breaks Down How Volleyball Pros Get Paid: ‘Olympics Doesn’t Pay the Bills’

Erik Shoji revealed how he and his fellow Team USA volleyball players earn an income when they’re not competing in the Olympics .

“The Olympics does not pay the bills,” Shoji, 34, said while snacking on mochi in a now-viral TikTok video uploaded on Sunday, August 18. “So when we are done playing in the Olympics like we did a week ago, we all have to find ways to make money and make a salary.”

Shoji shared that after the Olympics, most players move “overseas” to go play with their professional clubs.

“We usually get a couple weeks off and then we move overseas to play professionally in Europe, South America, Africa and Asia,” he explained. “On these professional club teams, we make our salaries there and this is where we make the majority of our money as professional volleyball players.”

Related: Jordan Chiles and More Paris Olympians Us Wants on 'DWTS' Season 33

Shoji plays professionally in Poland and noted that teammates TJ DeFalco and Aaron Russell compete in Japan while Matt Anderson plays in Turkey.

After the video blew up, Shoji uploaded another clip on Tuesday, August 20, explaining that he has four sources of income. The athlete makes the most money by playing for his professional club in Poland, followed by earnings from USA Volleyball.

Off the court, Shoji brings in money through sponsorships and endorsements. Winning Olympic medals also contributes to players’ bank accounts. (Shoji won bronze medals at both the 2016 Rio Olympic and the 2024 Paris Olympics with Team USA.)

Shoji clarified that the reason players have to go overseas to play professionally is because the United States does not have a competitive volleyball league of its own.

Following Shoji’s candid confessions, many fans took to the comments section with more questions about Olympians and their finances. One user asked how getting paid by Team USA works, and Shoji filmed a response .

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Prove You’re The Ultimate Fan of the Olympics

“At USA Volleyball we do get paid. Everyone who makes the roster makes a salary from USA during the summers,” he clarified. “But we all don’t make the same money because our salaries are based on how much experience we have, what tournaments we play in, what rosters we make, how many tournaments we make. All that goes into your salary.”

Related: All the Highs and Lows from the Wild 2024 Summer Olympic Games in Paris

Shoji pointed out he doesn’t make the same amount as some of his teammates who have more experience or different accolades. However, there is a maximum amount they all can make.

“But our salaries are capped at a certain amount, so you can make the low end. And we are capped out at the top end, but I’m not gonna say how much that is,” he said on Tuesday. “But there is a mathematical formula on who gets what and how much we get paid. And again, that all depends on the tournaments we play, the rosters we make and how many years we’re on the team. So that’s how we do it.”

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Voyager Digital Recovers 30%: Second Distribution Coming For Crypto Creditors

A nnouncing its progress in recovering funds from various sources, bankrupt firm Voyager Digital on Wednesday announced it has secured a combined $484.35 million from FTX , Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance settlements.

In a detailed status update regarding the recovery and distribution of assets to creditors following the firm’s financial collapse to the United States Bankruptcy Court for the Southern District of New York, the company stated that the bulk of the recovered funds—approximately $450 million—will come from the settlement with FTX.

This amount represents about 25% of Voyager creditors’ original claims and is expected to be disbursed in a forthcoming distribution round.

This settlement with FTX, which includes interest, is a significant step toward reimbursing creditors affected by Voyager's downfall.

In addition to the FTX settlement, Voyager has secured a claim of roughly $675 million in the ongoing Three Arrows Capital proceedings.

Of this, $20.43 million constitutes Voyager’s pro rata share of the initial distribution from Three Arrows Capital.

The plan administrator anticipates that further payments will be made over the next few years as assets continue to be liquidated and as litigation recoveries are achieved.

Furthermore, a settlement reached in the D&O insurance mediation will provide no less than $14.35 million for the benefit of Voyager creditors.

This settlement is part of the broader efforts to compensate those affected by the company’s financial mismanagement.

Also Read: Crypto Analyst Benjamin Cowen Warns of Summer Correction Amid Bitcoin Dip

Challenges With Uncashed Checks And Security Concerns

The report also highlighted logistical issues, such as approximately 270,000 uncashed checks totaling $17 million.

A significant portion of these checks, around 187,000, are for amounts less than $25.

The plan administrator has set a deadline of April 20, 2024, after which all outstanding checks will be canceled and deemed unclaimed.

Additionally, Voyager continues to grapple with the aftermath of a data breach.

The investigation, assisted by specialized external professionals, is still underway to determine the source and full impact of the breach, which compromised creditor information.

Implications For The Digital Asset Industry And Upcoming Conference

These developments in Voyager Digital’s bankruptcy case are set to be a topic of discussion at Benzinga’s upcoming Future of Digital Assets conference on Nov. 19.

The conference will delve into the implications of such high-profile bankruptcies within the cryptocurrency sector, exploring both the financial and regulatory repercussions.

Read Next: Bitcoin ETF Outflows Slow To $19.5M, Hong Kong Targeting April For Bitcoin ETF Launch

Disclosure: Benzinga founder Jason Raznick was formerly a member of a Voyager Digital creditor committee that was dissolved in 2023. He opted against serving in subsequent committees.

Photo: Shutterstock .

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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• Voyager Investors: How Much Has It Raised?

Voyager Invest Review and Interest Rates

How to sign up for voyager invest + promotions, how does voyager invest make money, is your crypto safe with voyager invest, vgx and the voyager loyalty program, customer service, final thoughts: is voyager invest legit.

Voyager Invest is a crypto interest account and broker, perhaps most notable its c ommission-free trading and its ability for users to earn interest on their holdings. The app excels in its simplicity and has the typical cryptocurrency exchange features: a wallet accessible by mobile app, a basic exchange interface, and a newsroom.  The following Voyager Invest review will explore the Voyager Invest product, company, and in-depth information on its mechanics. 

Cool Perk #1 Commission-Free Trading: So, how does Voyager offer commission-free trading? It routes its customers’ crypto transactions to various exchanges, helping to find the best rates.

Cool Perk #2 Cryptocurrency Interest Account: Funds you hold in Voyager automatically earn interest unless you opt-out in the app settings. Its rates are competitive with most cryptocurrency interest account options.

Voyager Digital Ltd. traces its origins to 2017, and the Voyager app went live in 2019.  Today, it is regarded as a good entry point for users of all experience levels, allowing them to manage their portfolios without operating different accounts with various exchanges. 

• Voyager helps users buy cryptocurrencies from over a dozen exchanges within its app. 
• It allows users to earn up to 10% APY on 50+ cryptocurrencies , including BTC, ETH, USDC, LTC, DAI, DODGE, and BCH. Users must maintain a minimum balance to qualify for crypto interest.
• Voyager is available in all states in the US, besides New York. It  is not yet available internationally.
• Voyager is “ 100% commission-free ” and only accepts fees when it saves you money while brokering.
• It has a remarkably straightforward signup process and allows users to begin trading as soon as their transfers clear.

Current Sign-Up Bonus: Get $25 when trading $100 on Voyager Invest.

Voyager Invest is unique in that it is a publically traded company, listed on the Canadian Stock Exchange (CSE) under the symbol  VYGR.CN . It is also a  FinCen registered Money Services Business, and it trades in US OTC markets under the symbol VYGVF.

The Voyager Team

Voyager Invest is a US-regulated public company based in Jersey City, New Jersey.

Voyager’s founding team has decades of experience in brokerage, investment, and market structure.

Its Founder and CEO is Stephen Ehlrich, who also founded broker-dealer Lightspeed Financial .

The rest of the C-suite includes Phillip Eytan, Gaspard de Dreuzy, and Oscar Salazar, the trio who co-founded Pager : a digital healthcare solution. 

CEO Stephen Ehlrich has worked in executive roles in the finance industry for decades. He spent seven years as the CEO of E*TRADE Professional Trading, a brokerage platform, Morgan Stanley subsidiary, and over six years as the CEO of Lightspeed Financial, an electronic trading company. 

Chairman Phillip Eytan worked with Morgan Stanly as a Telecom M&A Analyst. He also served as a director and founding investor with Socure, digital identity and fraud verifying service, and Pager.

President Gaspard de Dreuzy is a co-founder and the president of Pager and was the co-founder and CEO of Kapitall, an online stockbroker with video game-like trading tools, and free practice accounts for beginner investors. 

More popularly known as the Founding CTO and co-founder of Uber, Oscar Salazar brings his experience building consumer-driven experiences to advise the Voyager team. He is also a co-founder and the CTO of Pager.

Voyager Investors : How Much Has It Raised?

Voyager has raised over $100.1M in four funding rounds, comprising $110.5K during its Series C in October 2020 and 100M in a Series D in February 2021.

Voyager is a publicly-traded company registered under the ticket CNSX: VYGR . Their stock opened with $0.95 in its Feb 11, 2019, IPO, and its early investors include Streamlined Capital and Stifel Financial Corp .

One distinct advantage Voyager has over other broker options is that it charges no commission . Whether users are looking to buy or sell their cryptocurrency, they’ll only pay the price quoted for that transaction. 

However, if Voyager manages to broker a deal better than the quoted price, they’ll keep a small percentage of the saved amount and send the rest to you. 

Voyager uses a technique coined “Smart Order Routing” to take advantage of pricing disparities between its 12+ partnered exchanges, getting you the best rate for your trade. 

Get $25 when signing up and trading $100 on Voyager Invest.

The Voyager broker supports over 50 cryptocurrencies.

When you transfer funds into your Voyager wallet, you automatically begin earning interest on those funds. Voyager offers up to 10% APY on 20+ tokens, slightly less than popular interest offerings like Celsius and slightly more than BlockFi .

To encourage the use of its in-house token VGX , Voyager offers higher APY rates to users who opt to receive their interest in VGX. This feature is not available in the US.

Unlike many crypto interest account providers, Voyager requires users to have a minimum monthly balance of each token held in their wallets to earn interest. These rates vary and are changed frequently. 

Generally, you can earn up to 9% APY on stablecoins, up to 6.25% on BTC with a minimum balance of 0.01BTC, and up to 5.25% APY on ETH with a minimum of 0.05%.

Voyager simplified its account creation and verification considerably compared to most other cryptocurrency brokers, who require a complex signup and verification process before connecting users to the market. 

The entire process can take only a couple of minutes.  Once you sign up and submit some basic information, you can link a payment method, fund your account, and begin trading as soon as your transfer goes through. 

Voyager’s app has an in-built, constantly refreshing crypto news feed, and a profit-and-loss calculator. Users have access to up-to-date information on the cryptocurrency market movements and portfolio balances, profits, and losses over time. This feature is beneficial if you have many assets, as the profit and loss tool can help you figure out which tokens are doing well and which aren’t. 

Overall, Voyager’s mobile app is a well-thought-out product. However, if you prefer managing your investments from your laptop, you’re out of luck– Voyager has yet to release a desktop version. Its service is available only on mobile at the time of this writing , which is still pretty useful for trading on the go. However, Voyager is only available in the US and operates in all US states but in New York.

Another thing to note is that Voyager doesn’t support trading between cryptocurrencies at this time. You can only purchase crypto with fiat, and you can only convert your crypto to fiat, not a different coin.

So, if you’d like to sell some of your LTC for ETH, you’d have to convert the LTC to USD, then send in a buy request for ETH. However, Voyager does allow you to transfer your crypto to external wallets.

Like most crypto interest account services, Voyager makes money by taking loans at a particular rate (the interest it offers you) and then using it as capital to provide loans at higher rates to corporate borrowers. 

Secondly, Voyager makes money on trades initiated by its users. If Voyager can get a better exchange rate for a given transaction that it has shown its user in the original price quote, it makes a percentage of the savings on that order. The remainder of the funds is sent to the user. 

You’re probably quite interested in making sure any assets you may hold in Voyager are safe. It’s worth noting that as crypto can not be FDIC insured, your funds are never entirely risk-free. However, here are some steps Voyager takes to help mitigate that risk.

Platform Safety

Voyager uses 2FA and industry-standard encryption and other safety regulations to ensure that users of its platform are protected. However, Voyager’s domain name system server was hacked in December 2020. When it noticed the breach, the company forcefully took the system offline to secure its customers. According to Voyager, no funds or client data were compromised during the attack.

How are your assets protected?

Voyager’s partner bank insures all USD in its custody up to $250,000. Despite this, your crypto is not FDIC or SDIC insured. Voyager is a licensed and regulated public company in the US and undergoes regular audits. 

Voyager uses a number of custodians to protect its user’s assets, including Fireblocks and Ledger Vault. These custodians combine safety best practices, insurance to store crypto in hardware and hot wallets. 

In April 2021, Voyager exceeded $3.3 billion worth of assets under its management.

VGX is the native, proprietary token of the Voyager platform. Voyager uses it to reward its users. These rewards can include earning higher interest rates (on VGX and tokens), cashback rewards, and more.

• VGX Interest : All VGX Tokens you hold on Voyager will automatically earn 7% APY for the first year. After that, holders gain the ability to vote on future yield rates.
• Cashback Rewards : When Voyager’s smart order router can achieve a price improvement , users receive 2x or 3x the price improvement usually given to customers, depending on their loyalty tier. This reward is paid out in VGX.
• Refer-a-Friend Rewards : Voyager has a sign-up and referral bonus of $25 for the referrer and the new user when the new user makes a trade of $100 or more. Depending on your loyalty tier, you can receive up to $40 for each person you refer to the Voyager app. The referrer will receive rewards in VGX, while the new user will receive their reward in BTC.

Voyager has many more perks for users of its VGX token:

The well-maintained Voyager FAQ section is accessible via its app and website. The platform does not offer live phone support. To contact Voyager, create a support ticket in the “Help” section of the app.

Voyager offers an enticing mix of services.  Its cryptocurrency interest account rates are competitive to Celsius and BlockFi , b ut the product has a few more hoops to jump through, such as the holding of a specific quantity of the VGX token. 

The smart order router helps get great deals for trades, which beats many exchanges at their own game.

Although its platform and custodian are relatively safe, Voyager offers loans using your assets, which is not risk-free.

In the future, Voyager intends to release a crypto debit card that will allow users to make purchases using their holdings. It also wants to release a desktop-accessible version of its platform.

The culmination of features and tokens is similar to the Crypto.com type platform, but with a simpler and more refined user experience. From our analysis, Voyager doesn’t seem inherently riskier than any other crypto interest account provider. 

Its brokering feature is a valuable bit for users who prefer not to manage multiple accounts with exchanges. We love its in-built profit-and-loss and news features, and Voyager seems to be on an upward trend as its platform gains notability and its valuation grows.

Voyager is also working on getting a Bitlicense, which will allow it to operate within New York and internationally.

Voyager Invest Alternatives: Other Crypto Interest and Exchange Platforms

Blockfi is an excellent choice for you if you’re outside the us. it’s available internationally and in all us states but new york. blockfi offers a crypto exchange, interest account, and crypto-backed loans (meaning you can use your holdings as collateral for a loan). blockgi’s platform supports over 15 tokens and uses industry-leading security practices. read our blockfi review ..

Robinhood is a good choice if you want to trade crypto alongside other stocks . Its portfolio platform is very beginner-friendly and lets you trade BTC, ETH, and five other cryptocurrencies alongside your stock, commission-free. 

Earn Up to 9% APY

Assets in your Voyager Invest account can earn interest on 30+ coins if you meet the minimum balance for each. Rates fluctuate, but Voyager claims users can earn up to 9% APY on stablecoins like USDC, 5.75% on Bitcoin, 4.6% on ETH, 3% on AAVE, and 4.5% on LINK.

Interest compounds monthly and accrues daily. The average monthly balance for specific coins capable of earning interest must meet a minimum to earn the interest for that month. You’ll earn interest on any qualified assets in your account, whether you purchased them on the Voyager platform or deposited them from an external wallet.

What Could be Improved

You can’t conduct coin-to-coin trades: Users can only trade coins to fiat. Voyager Invest claims it’s working on crypto to crypto trading. 

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BlockFi Credit Card Review: Are $1,250+ of Perks and Bonuses Worth It?

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CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses. None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner.

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How do Digital Magazines Make Money? (8 Proven Ways)

Curious to know how to turn a digital magazine into a money-making machine? With our expert guidance, let’s dive into the dynamic world of digital publishing!

The digital landscape is booming, and digital magazines are leading the charge. It’s never been a better time to join the party.

This article reveals how do digital magazines make money. Ready to learn more?

Let’s get started!

Table of Contents

How do Digital Magazines Make Money?  

There are several proven paths to turning your online publication into a cash cow. Get ready to discover the secrets behind successful digital magazine revenue streams.

1. Advertisements (Banner Ads, Google AdSense, etc.)  

The first method of making money with digital magazines is via advertisements. Advertising has been the golden goose of media for ages, and digital magazines are no exception.

From classic banner ads to interactive displays, there’s an opportunity to turn clicks into cash. Further, third-party services like Google AdSense also pay for every click on digital magazine ads.

Once you’ve got the basics of AdSense running, it’s time to level up your ad game.

Create a dream team of advertisers who perfectly match your magazine’s vibe. Imagine a fashion magazine partnering with top clothing brands and accessory stores—a match made in style heaven!

Hence, as a digital magazine website owner, you can choose a particular structure, and there’s always a lot of room to get creative with advertisements.

Further, if you’re using WordPress as your websit e-building platform, you’re in luck! You can use feature-rich  magazine themes  like  ColorMag , which have built-in spaces for ads, making it super easy to set up your ad empire.

Such Googl e AdSense-optimized themes have multiple sections for placing ads on your site , making it easy to monetize your website.

2. Selling Membership (Subscription) Plans  

Subscription models have revolutionized the digital magazine industry. The best part is that you can generate a certain audience group you want to target with membership plans.

It’s because your audience members who are genuinely interested in your content will frequently renew their subscription plans, which act as a continuous revenue stream for a magazine. 

Not to forget, digital magazines get to set up premium membership plans with various price ranges. With premium plans, you can provide different content to a particular group of audiences.

You can also offer freemium (free+premium) content previews to attract new subscribers and automatically increase your conversion rates.

3. Sponsored Content  

Another critical source of revenue for digital magazines is sponsored content. It’s more like advertising, but a solo business or partner entirely purchases a section. 

With it, magazine websites tend to gain more significant revenue margins, which is pretty profitable.

The most common way of conducting sponsored content is for advertisers to collaborate with the other party on specific content.

Such content gets featured as sponsored content, which is a guest post.

For example, designer brands or product companies collaborate with fashion magazines to feature their new products for promotional purposes, which is referred to as “Sponsored content.”  

Digital Magazine can earn reasonable amounts with such content, which helps promote the brand’s identity. Thus, both magazines and particular brands can benefit.  

4. Affiliate Marketing  

Affiliate marketing has long been proven to be an excellent technique in Internet marketing.

Affiliates promote services to third parties; in return, businesses and brand creators pay affiliate marketers sales profits.  

Hence, as a digital magazine website owner, you can also engage in affiliate marketing with several businesses. You can create affiliate programs that help you make good revenue from shopper referrals.

To do this, you only need to add links to the product’s or brand’s sites in your content so that readers stumble upon them. 

All you need to do for this is add links to products or brands’ sites in your content’s text so that readers stumble upon them. 

Imagine offering ad-free reading, early access to new issues, or exclusive digital downloads. The possibilities are endless!

Consider using a theme like Zakra to manage your subscription business easily. Its sleek design and user-friendly interface make it perfect for creating a professional-looking membership portal.

You can also easily customize it to match your magazine’s unique style. Remember, a happy subscriber is a repeat customer.

Thus, try to offer amazing value and watch your subscription numbers grow in no time.

5. Mailing Lists  

The next method of making money from digital magazines is through a mailing list, as magazines sell ads in email newsletters.

Magazines with an extensive mailing list sell advertising space and charge massive amounts even in their newsletter. It’s also more like running sponsored content, but through email.

Magazine companies promote products and service information with banner images and more to promote the brand while sending out emails.

And in return, they charge a large amount to the businesses. With an extensive and engaging mailing list, digital magazines can make a good amount of money.

One of the best ideas for ex panding your mailing list is to add contact forms to your WordPress site. 

Everest Forms  is the best WordPress form plugin for this, as it also comes with several email marketing add-ons (Mailchimp, ConvertKit, etc.) to help you connect with popular marketing platforms.

People tend to buy services and products by stumbling upon emails, so mailing lists are exemplary for various digital magazines.

6. Creating Events  

Another revenue source for digital magazines is creating and selling live events to the audience. Tickets can be easily purchased through the internet with scanned QR codes, etc.  

For example, a digital magazine related to educational matters can conduct a premium event with a renowned speaker or guest. Such programs and webinars are charged a considerable amount.

People tend to participate actively in such events. Events can also be sponsored, which acts as a significant revenue stream for digital magazines.  

Along with ticket sales, magazines also include merchandise from brands for the event, which contributes to bigger earnings.

Such events act as a greater promotional medium for brands, and they look forward to them with organizers like magazines. 

7. With Podcasts and Other Media  

Technology and media platforms are constantly evolving, whereas magazines are expanding beyond their reading content. Among today’s various new media platforms, podcasts have also gained a lot of attention.  

Digital magazines are also getting into the podcast game. They analyze their target audience and conduct podcasts according to their needs, which is another form of money-making.  

For example, a magazine site could run a free and premium podcast. They pick out a topic related to their niche and invite people to talk about it, and people pay to listen to it.

Further, other media to expand digital magazine’s revenue stream include video content, music platforms, and much more.

Thus, who would have thought media platforms could also act as digital magazines’ income sources? But here we are with today’s evolving technology! 

8. Live Streaming  

You might probably wonder what live streaming has to do with digital magazines’ revenue. But live streaming has been a playful way to keep the audience entertained and engaged. 

Similarly, magazines tend to do the same without any obligations. On various platforms, magazines run live streaming and get donations through live chat.

Such features allow them to earn money, which undoubtedly contributes to their revenue. 

How to Create a Digital Magazine Website Easily?

Now that you know how digital magazines make money, let’s walk through how to create one quickly.

Without a doubt, WordPress is the best platform for creating any site, including a digital magazine website.

So, to create a WordPress site , your first step is to get your domain name and web hosting. Some of the popular hosting companies include Bluehost , SiteGround , etc., which offer both domain name and web hosting services at a good price.

After that, install and activate the WordPress magazine theme on your site. As mentioned in the above section, we recommend using ColorMag. This theme is beginner-friendly, and you can easily play around with it.

After installing the theme , your next step is to build the digital magazine site. First, you can import the theme demo content, which you can get for free with ColorMag.

Likewise, depending on your needs, you can opt for the premium ones.

After you import it, you can modify the site and even customize it to your liking. Alternatively, you can build it from scratch if you wish, but it can be complicated.  

ColorMag enables you to customize your site in terms of layout, appearance, etc. and provides a live customizer to view the changes.

This gives you complete control over how you want your site to look.  

Further, you can use the best drag-and-drop page builder plugin, Elementor , to design your site, as ColorMag integrates seamlessly . Thus, you won’t need to have coding skills at all with it.  

Note: For more details, please go through the step-by-step guide on how to create an online magazine site with WordPress .

Wrapping It Up!

So, there you have it! We’ve explored some of the most effective ways to turn your digital magazine into a profitable venture. Remember, every magazine is unique, so feel free to experiment and find what works best for you.

Want to dive deeper into the world of digital magazines? Check out our articles on the best free responsive magazine themes and the different types of magazines you can create.

And don’t forget to share your thoughts and questions in the comments below.

Ready to embark on your digital magazine journey? You can also follow us on Twitter and Facebook for regular updates and exciting news. Happy Reading!  

ThemeGrill Author

We are a team of SEO copywriters and editors who work both individually and in the team. ThemeGrill author is where one of the editors here is working on one project personally. Write to us @themegrill_blog in Twitter.

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How to Monetize a Digital Magazine Using These 5 Easy Tips

Last updated date: 15 May 2023

Published date: 31 August 2022 , by Natasha Kumala Dewi

The global market for digital magazine publishing has a value of over $34 billion . Digital publications are growing in popularity, reaching a bigger, more diverse audience. For those in the know, it is a great opportunity to make a generous amount of passive income.  

But learning how to monetize a digital magazine may seem complicated. It can be overwhelming to know all the different ways to generate revenue.

Don’t worry though! This article is here to break down five of the best ways to make money online through your digital magazine.

We will cover advertising and sponsored content, plus how affiliate marketing works. There are also suggestions for creating passive income with subscriptions and mailing lists. 

1. Advertising 

The most popular way to make money for digital magazines is through advertising. There are different formats that you could choose from when it comes to advertising.

You can integrate adverts into full-page spreads, as in traditional print magazines. These can look great and can capture readers’ attention. 

An alternative is to add banner adverts, leaderboards, and more . These integrate with Google AdSense. So they are ideal to generate revenue without much effort.

Ad sizes should be dependent on the devices your customers access the content on. Mobile devices will need to have smaller ads or pop-ups so they don’t distract from the content. But readers viewing it on a large computer screen, have more space and so more flexibility. 

The best part is if you have high reader traffic, more companies will approach you to work together. So you won’t have to find them yourself. 

Learn how you can add an advertisement to your Universal App publication below

2. Sponsored Content

Sponsored content is a lucrative way to make money online with your digital magazine . It works in a similar way to advertising, but usually with a single business partner. This solo party will buy an entire section of your content. 

For a digital magazine, this is usually in the form of a guest article. To attract more sponsorships, you can offer packages for prospective partners. This encourages them to buy several articles, which is beneficial for everyone involved!

3. Affiliate Marketing

One of the best ways to generate passive income is to use affiliate marketing . This is where you can promote other related products or services via links in your articles. Then if the reader clicks through and makes a purchase, you get a commission for each sale. 

Depending on the company or product you will earn different amounts on each sale. But if your digital magazine has a large readership, then this will generate a lot of extra income.

There are lots of ways that you can find affiliate companies to work with. You can join affiliate networks or online forums, and connect through social media.

The best way to check which companies will generate you the most income is to check your analytics . This way you can see the demographic of your readers, such as age, gender, and location. Use this information to see what kinds of products or services will get the most clicks. 

4. Subscription Plans

Another great way to make money is by becoming a subscription service . A loyal fan base who contributes to the magazine every month will lift your magazine to the next level. 

A monthly income is a lot more consistent than sponsorships or advertisement deals. It will allow you to have a bigger marketing budget and diversify your content due to more resources.

Subscriptions provide a unique opportunity to create long-term relationships with your fan base.

You can provide them with exclusive extra content, early releases, and more. This makes readers feel they are getting more for their money. This is the key to encouraging customer loyalty in the long term.

Learn how you can add a multi subscriptions plans into your Universal App publication below

5. Mailing Lists

The last way you can make money online is through a mailing list for your readers. They present the opportunity to advertise and sell products relating to your magazine. You can also give updates and other important information about your magazine.

If you are running live events, then you can promote and sell tickets through your newsletter. You can also share discounts and deals on subscriptions or products like merchandise. 

They also have the potential to reach a wider audience. This is because people often sign up to mailing lists without having interacted with your content yet. This is a great way to draw people into reading your digital magazine through other channels. 

Because signing up for newsletters is free, it is quick and easy to grow your mailing list . For example, you could offer a free trial of your magazine subscription when they sign up. Or a useful PDF guide on a subject related to your magazine. These are great incentives for people to join the mailing list, and they get bonus content out of it.

Learn How to Monetize a Digital Magazine Fast

Creating your own online magazines is a great way to share your content with the world! With this article, you have learned how to monetize a digital magazine to make passive income! Now you know how to integrate adverts, sponsored content, and more.

If you are looking for an easy and great value way to digitize your magazine, choose MagLoft! We offer great digitization services to make your content stand out. Our amazing customer support team is available to help you through every step of the process.

Get in touch with us today ! It’s the smart next step to make money online with your digital magazine.

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