A website management platform as flexible as WordPress can be used to create and run numerous different sites for various purposes, blogging being one such purpose. Blogging might start as a hobby, but somewhere down the line, for most people, it becomes more than just that. With quality content and a decent amount of traffic, your WordPress blog can easily become your source of income. Here, we talk about the top five ways of making money with your WordPress blog.
1. Affiliate Marketing
Affiliate marketing involves signing up to an affiliate program and promoting third-party products on your blog by providing affiliate links to products. You can choose to promote products, both digital and physical, that are related to the niche off your blog and relevant to your audience. When a visitor clicks on your link and purchases the product, you get a commission for the sale.
BlogVault has a great affiliate program, where its partners get an affiliate URL to embed on their respective websites upon signing up. When a customer gets referred through the affiliate link on a partner’s website, BlogVault shares 20 percent of the revenue earned with said partner. Amazon Associates and ClickBank are a couple of other well-known affiliate link programs.
2. Sponsored Posts/Reviews
Sponsored posts/reviews are content on the blog that you publish for the purpose of promotion of third-party products/services relevant to your blog audience. Here, a sponsor (a company or an individual) encourages and pays you to review his product/service on your blog in order to reach out to your niche audience.
3. Pay-per-click Advertising
Pay-per-click advertisements are one of the most popular methods used to make money off of your blogs. A popular service offering this form of monetization is Google Adsense. Here, all you need to do is sign up for an account with Adsense and follow appropriate steps to place a piece of ad code provided by them on your site. Thereafter, your site will display ads, and whenever a visitor clicks on one of your ads, you earn a payment. There are many WordPress plugins available that help you better manage your advertisements, ensuring that only relevant advertisements are displayed on your blog.
4. Selling Advertisement Space
A simple way to monetize your WordPress blog would be to sell advertisement space on your site. Unlike other means of money-making that are based on pay-per-sale/pay-per-click formats, this one gets you one-time payments for each advertisement space you sell. Although that makes this form of monetization somewhat predictable in nature, it also means that you might lose out on making more money should you later end up with an insane number of clicks on the advertisement.
In case you’re looking to sell advertisement space on your website, BuySellAds is an advertisement marketplace where you can list your website for advertisers to check out and choose to purchase your advertisement space. Once you receive an offer for your advertisement space, it’s upto you to accept or reject the offer. It is always advisable to accept such advertisement offers that are relevant to the niche of your website. Once you accept an offer, the respective advertisement will start to show on your site and your payment will get credited to your BuySell account. BuySellAds acts as a simple, straightforward and reliable middleman to your monetizing venture.
5. Building an Email List
Sending out newsletters to your subscribers’ email addresses, undoubtedly, is an excellent way to keep your audience engaged. But that’s not all you can do with your email list. Email lists also provide a great way to show relevant advertisements and content to your niche audience, providing them with an excellent user experience while filling your purse. However, be careful while exploiting email lists; no one likes spam!
As you can see, there are a number of ways to start making money online using your WordPress blog. Choose a monetization method that’s up your alley and best gels with your blog. And do remember to backup your precious blog with BlogVault before getting started!