Website monetization refers to making money from the website. It is done by converting existing traffic to a particular website into revenue.
It refers to the banners and text ads. This method is good for the websites that have significant traffic, valuable audience, relevant and active advertisers.
It refers to steering the visitors to products and services of a third party merchant. It is good for the websites that are product centric and have easy integration into content.
It refers to capturing the customer information and selling it to a third party.
It refers to renting out your email lists to third parties. In this you will send an email on their behalf to your distribution list.