Coil monetization is an easy way for you to monetize your online content without ads. According to analytics by w3techs.com, Google ads are used by more than 25% of all websites
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“Coil uses an open API called Web Monetization in order to pay sites in real-time.” — coil.com. Below is a tweet by the CTO of Ripple, David Schwartz discussing Coil monetization.
With a follow-up by the CEO of Ripple, Brad Garlinghouse.
By using Coil, Wikipedia is already earning donations from Coil when Coil users visit the site. See what other sites are using Coil at fudbingo.com/coilchecker.
What is Coil?
Coil monetization is a method for online content creators to get paid for their content. By using Coil you can drastically improve site load speed and improve the user experience.
Check out this early talk by Stefan Thomas, founder of Coil.
Keep in mind, Coil is not an end-all solution to web monetization. Certain companies like Google, Bing,
However, for you and I, Coil is the solution to our own online monetization efforts. As you know, Today’s content creators rely heavily on ad platforms. After all, ad monetization is our source of income.
However, there’s gotta be another way for us to pay each other for our entertaining content.
Coil Monetization is the Solution
By using Coil’s automattic tipping system, coil users can help give back to online content creators.
For instance, say you like a certain blog about cooking, crypto news or fitness — the longer you stay on the Coil monetized web
This doesn’t mean that you won’t have to see online ads as a Coil user. After all, serving ads is still up to the content creator. With this in mind, having a fallback monetization method for non-Coil users is a viable solution.
How Coil Web Monetization Works
If you are a Coil user, you’re charged a flat fee of $5 per month. Payments must be made by credit card. With this $5 subscription, Coil will donate money to the Coil enabled sites you visit.
Using Coil to Monetize Your Website
Start by visiting coil.com and register or login to your account.
From the “My Account” section, select the “Web Monetized Sites” tab and copy the scripts. You will then past the copied scripts into your website’s <head> section code.
There are different methods for achieving this, depending on the platform you’re using.
- WordPress Easy Coil plugin – https://wordpress.org/plugins/easy-coil
- Blogger – https://www.ogbongeblog.com/2018/02/add-header-codes-to-blogger-
- Squarespace – https://support.squarespace.com/hc/en-us/articles/205815908-Using-Code-Injection
- Ghost – https://help.ghost.org/article/24-code-injection
- From your dashboard, click on “Customize”
- Click “Edit HTML” under the theme you are using.
- Scroll down to the <head> area and paste your scripts before the ending </head> tag.
Using Coil to Monetize Your YouTube Channel
Similar to the previous step, begin by visiting your “My Account” section of coil.com.
Under the “Social Accounts” tab, you’ll see the YouTube icon. Click the YouTube logo to link your YouTube account to Coil.
Join the Coil Monetization Community
Currently, the only browser that supports Coil is Chrome. But if you are using Chrome, download the Chrome Coil extension to begin. In addition to the Chrome extension, visit coil.com to signup for an account.
Keep in mind, at the time of writing, Coil is only open to Beta users. This means you have to wait for an invite code or for public release. Once you add a credit card to your account, you’ll be added to the waitlist.
To see the full list of Coil monetized sites, check out coil.com/explore.
As a content creator, you can receive payment via any currency supported by Interledger.
Benefits of Using Coil Monetization
No Policies, No Guidelines
Coil doesn’t have strict policies or content guidelines. By using Coil for web monetization, you are essentially cutting out the middleman. As a content
The problem with Ad networks is they stop content creators from being their true selves. They force strict user guidelines and policies that interfere with their creativity.
By using Coil monetization, they are free to focus solely on their content. This benefits both parties; the content creator and the viewer.
Coil is currently available for beta access with an invite code. However, you can still use Coil to monetize your blog, YouTube channel and Twitch Channel.
How do you feel about Coil? Have you signed up and will you be using Coil to monetize your content?
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