I just need to know is my way of thinking wrong or right?

Hey Ayush, its a bit hard to understand what you mean. I will try to answer as far as I can understand; If the primary/secondary goal of your project is to make money, then I would suggest thinking about monetization model early on. It's fine for monetization to come later on, but I think its worth considering as early as possible when its a primary objective

Monetization should be one of the 3 basic pillars of building your project: Product/Service (offer), Go To Market (GTM) and Monetization are the 3 key things to corner to get a successful venture altogether. Difficult to bring you a specific answer as you didn't describe what you offer. If you could tell us more, that would help. But it seems you have a product people are attracting to (they're coming your way) and a GTM that operates well - considering your web traffic. The challenge in monetizing is 2-folds: 1 - As @ethar_alali rightly said, it's all about 'value' and perceived value. Anything is always too expensive or not worth paying for if the perceived value is not there. On the other hand, people will be willing to pay - and to some degree pay well - if they perceive value. You might want on this aspect to review your landing pages and/or website content, to highlight what this value is in your case. People buy solutions, not products or services. Describe well the problem you solve, the key benefits of your solution - and its uniqueness - and you will probably surface the value better. 2 - Despite my previous point, if you do not target the right people, then your monetization rate will always be unsatisfactory. You have huge traffic on your website, and this is great! But are they the right people? Are they the people who actually need your solution, are looking for it or are ready to spend money on it? Your goal being to monetize, you should not focus so much on traffic, but more on paid conversions. Sometimes, campaigns or marketing trails that yield the highest revenue are not the ones who attract the most visitors. Good luck!

Depends on your ethics and aims, but in general, with a tweak, yes. I'd broaden the "money" thing into value. It certainly will, if you chase Value not money. The reason I say that, money is a by-product of that value. However, value is different in each case. For example, if you are aiming to raise awareness of a non-profit to get donations, to then help a community, then the value is in the help & awareness, which is then paid for by money. If you are a YouTuber, then you likely produce stuff that people want to watch, because they get some knowledge out of it. In which case, someone else pays you money (either as product placement or via YT Ads and AdSense) If you are running a startup.. you get the gist. The other thing this does, is move you "up" a level. As the value your code brings (and I say this as a coder who also runs a business) is now you see the code in the context of a wider, end-to-end offering that packages up a lot of non-code stuff, into a vertical. This becomes useful even in Enterprise Architecture. So even if it doesn't immediately help with code itself [but it will] then tech, solution and enterprise architecture will benefit from the fact you can do both.

When you are starting something new, you should think about how it will help others; making an impact. The money will find you if you know your value proposition and work towards solving a pressing need in the market. Every person needs money. Despite that, it depends on how you think about money. Is it an overwhelming desire to get more and more and more money? Or is it something else? Some entrepreneurs would say that you should stop being engaged in a start-up if the only motivation that you have is money. Here I would refer you to an interview with Philip Rosedale from Second Life hosted by Kevin Rose. Google: Foundation Philip Rosedale. He mentions this very thing.