If you are thinking of setting up an online business, welcome to making money with WordPress – where dreamers realize their dreams, including dreams of multi-million dollar businesses.
Why do I claim WordPress as the dreamland for businesses? Well, let’s take a look at what you need for a successful business. Some start-up costs? A good business idea? Vast knowledge? Large market? Fair competition? Nice location?
WordPress can meet them all.
As the largest online platform with a huge community sharing the same roof, WordPress first solves your worries of business location. Competition, although high, is completely fair and straightforward, encouraging you to reach higher. What is more, WordPress could offer you the biggest demand, with a wide variety of knowledge and ideas of many kinds. In fact, the market is so big that WordPress gets 175 million page views a month – imagine how many sales opportunities that is. Most importantly, online business doesn’t require so much start-up expense. Enlightening, huh?
All you need now, is just some brilliant ideas what to do to get that easy money. Ideas ideas … Where to get those? Ladies and gentlemen, may I present to you “Tips Sharing for Making Money with WordPress” as my answer to you.
Quick Tips for Making Money with WordPress
All in all, there are 5 types of monetizing WordPress:
Offer Paid Blog Content
There are many ways to monetize your WordPress blog content, but the most wide-spread way is to sell high quality and premium content through membership. Whoever wishes to access to premium content have to pay to get that privilege. The most crucial point in selling high-quality content is making that content really “high-quality” and worthy of buying.
For example, many WordPress websites offer specialized and hard-to-find content like high-resolution comic books, market insights, research statistics, etc. for the VIP access. Many people are interested in such contents because they can apply these knowledge in their correspondent fields. One more thing you have to pay attention is to maintain the exclusivity level of your content. Check frequently and add more exclusive content on a regular basis! With all of these combined, you’ll manage to convince your random visitors become your long-term customers.
Google Adsense Ads
Another kind of blog content that can be purchased is CPC ads (CPC standing for cost-per-click) and you can do this through Google Adsense. All you need to do is to add a Google script to your WordPress website and begin displaying ads. Every time there’s someone clicking on the ad, you will get paid.
If that’s not your choice either, maybe you should go for writing reviews. You will try out products related to your field, and then get paid for writing a review about them.
Sell Products and Services
So many things, both physical and digital products and services, could be put on sale on WordPress websites. We will cover each type one by one as follows:
Sell Digital Products
Let’s start with digital products, shall we? The most popular digital products we have include e-books and online courses. E-books are the easiest to write and create, especially if you have written articles before. If that’s the case, you can collect relevant articles and put them in an e-book.
The design could be done on Canva or PDF for easier process. Tada, now you have several books you can sell! Online courses are something that require more time and efforts, hence you can sell them at a higher price range of course. Besides lessons which is a must, you will also need to have supporting materials like slides, check-lists, templates, videos, infographic, etc. Moreover, maybe you will also need to design different types of courses according to market demands. Normally, there will be two tiers: basic courses without further help and premium courses that grant support through emails.
For digital products, you may need some plugins to help. For example, if you sell online course, a LMS (learning management systems) plugin could be a great deal of assistance. In this case, LearnDash would be my choice.
Freelance services, online consultancy and coaching of many kinds could be easily found on WordPress nowadays. And if you are thinking of making money with Word-Press, this could be the one for you – of course, if you are gifted for it.
If you have talents in writing, designing and developing stuff, you should set up a “hire me” page on your personal WordPress website right away. Being a freelancer is one of the most favored ways since it doesn’t cost you much investment money. But in cases that you don’t have any of these talents, instead, you have built up knowledge and expertise , then be a consultant or a coach. Adding value to people’s career or improving their life is atually a wonderful feelings for consultants and coaches.
WooCommerce is the answer for those who want to establish shops on WordPress websites. With WooCommerce you could sell almost anything. It will help you maintain catalogs, price products, manage order status, or even create coupons.
Develop and Sell WordPress Themes and Plugins
There is also this among designers regarding theme designing. Designers choose among GPL licensed themes from WordPress.org, modify it, add a little bit of their taste to rebrand it and sell as their own, which you can try!
Do Video/Audio Podcasts for Making Money with WordPress
Text content on WordPress websites are everyone has been doing since ages, and people begun the search for something new. That was when video and audio podcasts jumped into the picture. In fact, it has got so popular that as of August 2019, there are about 700,000 podcasts with the minimum of 27 million episodes available online.
If you like to communicate, to get your ideas across, to share knowledge through the form of talking, you are suited for new trend and should join it. Once you decide so, all you need for a start will be a microphone, high-quality headphones, an audio/video editing software, video calling software for interviews, and finally a WordPress site to upload the video/audio to. You can either generate income through online purchase for downloading the audio/videos, or make it under the form of paid membership just like with the text content.
Become a Third-party Platform
Another way I find very intriguing in making money with WordPress is to become a third-party platform. Two types of third-party platforms that are popular as always is a market place and a auction platform.
If you think of being a market place, you will need the help from such plugin like WC Vendors to turn a normal WooCommerce site into a multi-vendor platform. You could earn money by charging registered vendors of opening fee, charging commissions on each purchase or offering membership package for vendors’ listings.
In case you prefer to be an auction platform, like eBay, you will need multi-vendor and auction add-ons besides WooCommerce!
Making Money with WordPress Starts Now
So that’s basically a wrap! Now it’s time for you to base on these to find out what you’d like to do, what you want to do and what you’re gifted to do. Merge them together and we will have the final answer what you should do on WordPress to generate money!