7 Ways to Earn Money with Your WordPress Site

In this post we will list 7 ways to earn money with your WordPress site. From blogging to monetizing, WordPress offers a range of monetization methods

Earn money with WordPress using this 7 tips below, to increase your audience and reach financial freedom.

earn money with wordpress site

Let’s be honest, most people starting a WordPress site are not doing it for fun, they are doing it for money. They might also enjoy the process but considering the time it takes to build a nice website, it is kind of natural that you expect a financial return from. So I came with a list of X ways to earn money with your WordPress site, most of them I have tried with more or less successful results.

X Ways to Earn Money with Your WordPress Site

1 – Google Adsense

Google Adsense is possibly the most popular way to monetize your WordPress website. It is relatively easy to get approved and set up, and you will be earning from visitors’ clicks on ads and impressions.

Pros:

It’s easy to get approved on Google Adsense and it is also easy to set up. You can set it up manually or use some of the multiple WordPress plugins that will help you to automate this process. It is really passive, once you set up the ads, they will be monetizing your website.

Cons:

You will need a lot of traffic to earn a sustainable income from Google Adsense. Not only the total number of impressions make a difference on Google Adsense, but also their geographic location, the language they speak, and the topics they are interested in.

2 – Affiliate Marketing

Affiliate marketing is another great way to earn money from your WordPress site. In affiliate marketing when a user clicks a link to an affiliate product or publisher, a cookie is generated, and you earn when there is a conversion, when he buys something from that website.

Pros:

Just like Adsense, it doesn’t take any financial investment to start with affiliate marketing. Once you get approved to an affiliate program, you can start creating links and generating income from the users who clicked and bought something from the website you linked to. The income possibilities can be very high with affiliate marketing. Another Advantage of affiliate marketing is that you can earn good money with less traffic, as long as your conversion rates are good.

Cons:

There are a few cons to affiliate marketing. One of them is that it may be not that easy to get approved to some programs, and the payments may take a while to be made. Just like Adsense, and pretty much everything, it will depend on what kind of user and product you advertise, with great revenue differences between programs and products.

X Ways to Earn Money with Your WordPress Site

3 – Ecommerce

Ecommerce is another popular way to earn money from your WordPress website. With the WooCommerce plugin and PayPal (or other payment processor), you can set a full blown online store with almost zero investment (just investing on a domain and a hosting plan). You can sell both tangible (handmade items, eletronics, books) and intangible items (ebooks, video tutorials, software, WordPress themes).

Pros:

Having an ecommerce website is being in control of what you sell and who you sell too. In most cases, it means that you will get your money immediately, without having to wait the end of the month as you may need to in other forms of monetization.

Cons:

If you have an ecommerce site, don’t expect that just listing your products will bring a considerable number of visitors. You will still have to invest in ways to bring traffic in. That can be done with interesting blog post to attract organic visitors, or with social and ad campaigns, but the advertisement costs might surge quickly, depending on your product

4 – Subscription Service

Creating a subscription service is an excellent way to have recurring income from your WordPress. Examples of this are, if you create piano lessons for example, and constantly offer different songs for your subscribers to learn, they will then willing to pay monthly or yearly subscriptions if they like the material.

Pros:

This income method is good because it doesn’t have to deal with processing orders, as you will create the content only once and it will be automatically available for all subscribers. Once you find ways to get a substantial amount of subscribers, your earnings will increase sharply.

Cons:

This could be one of the hardest ways to earn money with your WordPress website as it will need to feature extremely appealing content to a sizeable number of users. Creating a course or monthly updates that will justify paid subscriptions often requires high investment of both time and money.

5 – Sponsored Banners and Post

If you manage to become an authority in your niche, it will be natural that brands will get in touch to ask you to review products, advertise for them and even becoming their brand ambassador. This is an excellent form of earning money with your WordPress website, as you can reach the point of earning a stable income for something you would be doing anyway.

Pros:

There are many pros on this income method, as having companies backing your work and investing on it will often involve getting free products or traveling to wherever the send you to. Once you become an authority in your niche things flow smoothly and nicely, bringing your passion together with really high earnings.

Cons:

It is really difficult to establish yourself in a position where brands will be willing to directly sponsor you. You will not only need a lot of traffic but also extremely good reputation and content, to convince not only your viewers but the potential brands.

6 – Consulting

Consulting is also a pretty reasonable way to boost your WordPress website earnings. If your knowledge about a subject is well described on various WordPress blogs you can leverage this by providing you contact for consulting services.

I noticed this on different websites, but I remember one especially of a world traveling biker. He would offer consultancy for people who were also looking to travel the world with their bikes and didn’t know how. Since it was extremely hard to monetize this business model other than with on page ads, consulting was a good resort to maximize his income.

Pros:

If you are really pro at whatever you are doing, it will be easy for you to offer consulting services regarding that topic. If a client likes your consulting you can also benefit from word of mouth to get even more clients.

Cons:

First of all it requires high expertise of a given topic to provide consulting services. Secondly, you will earn only on the consultancy services provided, so it will consume a good amount of your time if you have a lot of enquiries.

7 – Selling Websites

I often read stories about people buying and selling websites on marketplaces like Flippa. It can be a great option if you get tired about a project or if you think it has peaked. You can also buy websites that you think have more potential and eventually sell them for a higher price later.

Pros:

If you are really pro at whatever you are doing, it will be easy for you to offer consulting services regarding that topic. If a client likes your consulting you can also benefit from word of mouth to get even more clients.

Cons:

First of all it requires high expertise of a given topic to provide consulting services. Secondly, you will earn only on the consultancy services provided, so it will consume a good amount of your time if you have a lot of enquiries.

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