JoshMaking money from WordPress, this might sound like a pipe dream but there really are ways that you can turn the leading platforms for bloggers into a source of income for you and your family. While you can always try to make money from your blog but this is not the only way. With that in mind here are some tips on how you can make a lot of money from WordPress.
Keep in Mind, You Will Need to Work
For starters, you don’t want to fall into the trap of thinking that making money from WordPress means that you can drink piña coladas on a white sand beach for the rest of your life. Instead, you will need to put in long hours by the keyboard to turn your dreams of getting rich online into a reality.
Then again nothing worth doing is ever easy and in the case of making a lot of money from WordPress, this means that you will need to have a plan and then the ability to stick to it – even when things don’t work out as expected. Only in this way can you overcome early setbacks to get to a point where the cash is rolling in.
Now let’s get to the money-making tips.
Tip 1: Affiliate Marketing
This is one of the most popular ways to make money from WordPress and it doesn’t matter if you are a beginner working with a Virtual Private Server (VPS) or if your traffic is through the roof and you need a dedicated host – you should have affiliate marketing as part of your monetization strategy.
What is affiliate marketing? It is when you make recommendations on a something which you like, and your fans will love. Think of it as a celebrity endorsement – expect you are the celebrity. Granted you probably won’t get thousands of dollars for the product you endorse but if you can find a niche and build an audience, then you will be the go-to person when people are looking to make a purchase.
To get started you will need to find a product or service where you have a certain level of expertise and then you will search out an affiliate program to sign up for. While Amazon is by far the most popular, it is not the only option and you should also check out Commission Junction and ShareASale, among others. In fact, ThirstyAffiliates has a good WordPress plugin and as such, this should also be on your shortlist of affiliate networks.
Tip 2: Just Google It
In this case Google AdSense, which a great way to augment the income you are earning from your blog. The way it works is that you integrate the script from Google into your site and the internet behemoth does the rest by placing ads that match with what your visitors are looking for. From there you will get paid every time that a visitor clicks on an ad – it really is that simple.
However, you want to keep in mind that most of these ads will only pay in the order of a penny or even a fraction of a penny for a click. While this means you won’t be able to retire on the ad revenue, at least in the beginning, integrating AdSense with your WordPress website is an important way to begin building your bank account.
Tip 3: Sell Ads Directly
You might think this means cold-calling businesses to sell advertising on your website but the community behind WordPress has come up with something even better – a plugin to offer space on your site to the highest bidder.
While this takes a bit more work than integrating AdSense into your site, it also means that you can receive more money as you will get paid for impressions (when a visitor sees the ad) and clicks (when a visitor clicks on the ad). One thing you will need to do is work out your pricing structure but if you want to keep in simple then just go for a flat rate as this makes it easier to keep track of how much money your website is generating.
Tip 4: Become a Flipper
You might have thought that people only flipped homes for investments, but they also do this with websites and given the popularity of WordPress, this is one the best platforms to flip. The process is simple, you buy a website with existing traffic and then resell it to the highest bidder.
While this means that you will need to know the types of sites in demand and how to price them an experienced flipper can make good money buying selling websites. If you aren’t sure where to begin, then you might want to study the ins and out of website flipping before you get started as this will give you an idea of how the market works.