How to monetize a blog?

While looking for ways to monetize my website, I came across an article on https://www.mgid.com/blog/costs-and-benefits-of-monetizing-your-website She explains various strategies such as banner advertising, contextual advertising and selling premium content. The article gives a clear idea of which methods are best for different types of websites. This helped me better understand how I can start making money from my website and what tools to use to do so.