Take it from Warren Buffett, who said, “if you don’t find a way to make money while you sleep, you will work until you die.” Passive income is all the buzz right now, and one surefire way to create it is by monetizing a WordPress blog.
If you’ve ever dreamed of being able to work from home, travel the world full-time, or not having to work while raising your babies, then you’ve probably done some research about making money online.
Blogs are still relevant and can be an incredible source of income if you know what you’re doing. Keep reading as we share how to monetize a WordPress blog in six effective ways.
How to Monetize a WordPress Blog With Ads
The first (and most common) way to monetize a WordPress site is by placing ads on your website. You can do this through a number of ad networks for bloggers, or you can work with brands directly.
Ad networks are companies that connect advertisers with publishers. They will give you a code to place on your website and will serve the ads for you.
With an ad network, you sign up for an account and generate the code to place on your site. Once you’ve done that, they will serve the ads and pay you based on impressions or clicks.
Another option is to work with brands directly. This means finding companies or businesses that would be a good fit for your blog and reaching out to them to see if they’re interested in running an ad.
For example, if you have a blog about motherhood, you could reach out to diaper companies or baby food brands and see if they’d be interested in placing an ad on your site.
Creating and Selling Digital Products
If you want to make more money along with your ads, then you can create and sell digital products.
Digital products are files that can be downloaded and used electronically. They can be anything from an eBook to an online course to a printable. And the best part is, you can sell them over and over again without any additional work!
To get started, decide what kind of product you want to create. It could be an eBook on your premium content area of expertise, a video course teaching people how to do something, or a bundle of printables related to a certain topic.
Once you’ve created your product, you’ll need to set up an online store consisting of a simple sales page and payment processor so people can buy it from you.
If you’re not sure what kind of digital product to create, consider surveying your audience to see what they would be interested in buying from you.
Affiliate Marketing
Affiliate marketing is another great way to monetize a WordPress blog. With affiliate marketing, you recommend products or services to your readers and earn a commission on any sales that come from your referral.
For example, let’s take the example blog about motherhood. You could sign up for an affiliate program with a retailer like Amazon and promote their products on your site.
If someone clicks on your affiliate link and makes a purchase, you’ll earn a commission on that sale. And the best part is, you don’t even have to create a product!
To get started with affiliate marketing, you’ll need to sign up for an account with an affiliate network or retailer. Once you’ve done that, you can start sharing links on your blog and social media.
Just be sure to disclose that you’re an affiliate in your links so your readers know what’s going on.
Offering Consulting or Coaching Services
If you have a service-based business, you can also use your WordPress blog to sell your services. This could be anything from coaching to web design to copywriting.
To get started, create a page on your blog detailing the services you offer, along with pricing information and any other relevant details. Then, include a contact form or link so people can get in touch with you to book a service.
You can also use your blog to attract clients for freelancing work. For example, if you’re a freelance writer, you could use your blog to create a portfolio to showcase your writing samples when pitching for jobs.
Creating and Maintaining a Membership Site
Another great way to monetize your WordPress blog is by creating a membership site. With a membership site, people pay you a monthly or annual fee to access exclusive content that’s not available to non-members.
This could be anything from an online course to a forum to a library of eBooks. And the best part is, you can charge as much or as little as you want!
To get started, you’ll need to research and find your preferred membership platform and create an account. Once you’ve done that, you can start setting up your site and adding content.
Just be sure to include a sign-up form on your WordPress site so people can join your membership program.
Accepting Donations From Readers/Viewers
If you don’t want to sell products or services on your WordPress blog, but you still want to make money, you can always accept donations from your readers or viewers.
This is a great option if you’re running a nonprofit blog.
To get started, create a donation button on your blog and include it in your sidebar or at the end of your posts. Then, encourage your readers to donate if they enjoy your content.
You can also set up a subscription service so people can donate monthly to your cause.
Monetize With Orquidea
Now you know how to monetize a WordPress blog. And the best part is, there’s no right or wrong way to do it. Experiment with a few different options and see what works best for you and your audience, or partner with a platform to jumpstart your success.
Start with CPM ad networks for blogs. Orquidea is a great option. With Orquidea, you make money by displaying ads on your WordPress blog.
To get started, contact us here.
We offer several payment options with no fees and payout seven days after the end of the month. It’s convenient and secure, a great way to make passive income on your blog. We can’t wait to get you started on your monetization journey.
