How to monetize your Discord community: Ultimate guide [2024]

12/03/2024

INTRODUCTION:

Discord, which initially started as an app for gamers to chat, has grown into one of the most well-known apps in the world and the go-to space for online communities.

In 2024, with the rise of the creator economy, community leaders are turning to Discord to build communities around their interests—whether that’s a hobby, a skill, or even sharing recipes—and are making money from it.

But how do you monetize a Discord community?

In this blog post, we’ll dive into various ways you can make money from a Discord community. Plus, we’ll take a closer look at a tool—Ternary—designed to make monetizing a Discord community easier. But first…

IS IT REALLY POSSIBLE TO MAKE MONEY ON DISCORD?

The short answer is yes. The long answer is that while it’s not easy, it’s possible—and many server owners make thousands of dollars every month from their Discord servers.

For example, Let’s Talk Investing, one of the biggest communities in the trading space on Ternary, sells access to its servers and makes a profit. In return, members get daily access to trading signals, market updates, and educational videos.

But selling access to your server isn’t the only way to make money on the platform. Let’s take a look at five other ways to monetize your community:

3 WAYS TO MONETIZE YOUR DISCORD COMMUNITY

Making money on Discord comes down to one simple fact: You must have something people will gladly pay for—whether that’s expert knowledge, exclusive content, or physical products.

Anyone can start a Discord community, but if you want to make money from it, you must offer great value to your members. Let’s take a look at how you can monetize your Discord server:

1) Set up a subscription based Discord community:

The best way to monetize your Discord community is to put certain channels or the entire community behind a paywall.

Discord is great for this, but you need the assistance of verified third-party apps like Ternary to manage and monetize it effectively.

Ternary isn’t just a Discord payment processing software—it’s so much more. Need a CRM to manage customer data? Ternary’s got you covered. Looking for a professional dashboard where customers can manage their subscriptions? Ternary’s got you covered there, too.

Best part is you get all this for just 1–3% in fees. And that’s not all; we have a team ready to build your server from scratch and have it up and running in just one day. This allows you to make money without spending all your time on admin work

If you’re ready to scale your server and monetize with ease, schedule a demo call with our team today.


That said, here’s how to build the server:

Step 1: Create a server

To create a server, you need to have a Discord account. If you do, then open up the app on your Desktop or mobile device, and click on the green “+” icon on the left. Then, select “Create My Own”, name your server, and you’re set. You can also check out the images below, which details each step.

Right after this, you can create all the types of channels you like, whether chat, voice, or announcement.

Step 2: Sign up for Ternary

Once your server is set up, it’s time to integrate Ternary to automate everything on the backend.

Ternary isn’t available to the public at the moment so you’ll need to book a demo call with our team.

2) Promote and sell digital products and services:

Selling digital products and services is among the easiest ways to make money on Discord

For this, you’ll need a free server to engage with potential customers and act as your traffic generating channel. You can sell different digital products like:

a) E-books.

b) Digital art.

c) Templates.

d) Stock photos.

e) Online courses.

And so many more.

Heck, we have someone who sells an ebook full of different recipes and makes $20K a month doing that. So, yeah it’s that easy.

3) Offer one-on-one coaching:

If you don’t have digital products to sell but still want to monetize your free community, you can offer paid one-on-one sessions.

In this case, you can provide free educational content, advice, and tips to your community members while setting up premium one-on-one sessions for those who are interested.

The great thing about Discord is that you can create private channels where you can engage with people directly, whether through text or by hopping on a video call. This means you can conduct all of your interactions on Discord without needing to rely on third-party apps like Zoom or Google Meet.

MAKE MONEY ON DISCORD WITH TERNARY!

Discord is one of the best platforms for anyone looking to monetize their following. While it may not provide the most straightforward way to do this directly, with the help of Ternary, it can become an even more lucrative option for you!

Ternary is designed specifically for all things Discord, whether that means automating customer onboarding, managing subscriptions efficiently, or customizing your tiers and roles. Ternary integrates seamlessly with your website, Stripe, and Discord, allowing your members to make payments easily and receive their roles in just seconds.

Best of all, Ternary takes only a jaw-dropping 3% cut. Beyond automating the entire backend of your Discord subscription business, we also help you build and manage your server, so you can focus on making money without spending all day in front of a screen.

If you’re ready to start monetizing your Discord community with Ternary’s support, book a demo call with our team today!