You’ve created your website or are considering starting a blog? You plan to start earning money from this site. But how do you monetize your WordPress blog?
You produce blog entries, write excellent articles, and give useful information, yet your website does not generate revenue.
So, I’m here to help. In this essay, I’ll share my own experience with monetizing your site. I’ll teach you five strategies for making your first dollar from the site and even double or treble it with the same amount of visitors.
Why Build a Blog with WordPress
Having a blog and blogging about specific important niche topics that your audience loves & promotes you as an expert in the field. It helps to improve your professional image.
Almost everyone today has a blog in some form or another, and it is no longer restricted to niche interests.
You may acquire an audience and eventually convert them to customers by writing a valuable blog.
WordPress is a content management system (CMS) that is free and open-source. A content management system (CMS) is a software program that allows you to change the content of your website without requiring extensive technical knowledge.
After defining what WordPress is, below is a summary of some of its benefits.
1. It is very easy to grow your site/business with WordPress
It’s never enough to have too many plugins and themes. Because WordPress is open-source, developers are constantly releasing new plugins, which is extremely beneficial to businesses.
2. WordPress is great for SEO (Search Engine Optimization)
WordPress is SEO-friendly right out of the box. It’s the way it’s constructed. Check out this post if you want to learn more about SEO.
If you haven’t started your blog yet, read this post to learn how to do it quickly!
Top Ways how to Monetize a WordPress Blog
As mentioned before, in this post, I will be sharing with you my knowledge on how to monetize your WordPress blog. So below are my top ways to monetize your blog.
Paid Guest Posts
What exactly do we mean? So, now that your site is up and running, with roughly 5k to 10k monthly visits, why not put it to good use?
You can locate this content published by a foreign individual if you go through our blog (not from the h-educate team).
People will start approaching you to put their content on your site once you’ve established a strong following. They can use it to promote their products, gain backlinks to their other websites, or share their thoughts with others who are interested in reading them.
The more views your blog receives, the more you may charge clients who wish to publish their content on your blog. Depending on the number of visits, post costs might exceed $1,000!
Let’s move on to the second method of monetizing a WordPress site, which is to run advertising.
Monetizing with Ads
Finally, one of the most common ways to monetize your WordPress blog is by using display ads.
Display ads are incredibly common and may be seen in the headers, sidebars, and other areas of practically every website. In reality, the Google Display Network covers 90% of the world’s internet users. You may “rent out” space on your site to advertise by employing display adverts.
When you have high-quality, optimized content on your website’s pages, the strategy works. It requires proper keyword placement in the written text so that Google can identify which adverts to offer to your site. It’s critical to match the topic of your articles with the advertising’s target audience: contextual ads must be targeted to individuals who are interested in your content. Otherwise, people will not click on the advertising, and there would be no profit.
Important: Google AdSense is decent for sites with less than 10k visitors. But once you have 10k sessions, we strongly suggest you look at Ezoic. This ad network can increase ad revenue per 1000 thousand uses 3-4 times as much as AdSense if you can gather the traffic.
Sell Ad Space
Incorporating Google’s AdSense on your website is just one way to monetize WordPress blog with advertisements.
Another option is to just offer your own ad space to corporations interested in sponsoring various blogs. You may set pricing for each area, such as “Sidebar banner advertisements will cost $xxx per month.”
You may get compensated based on the number of visitors you receive. It’s usually expressed as a monetary sum per thousand impressions (or CPM). You may think of it as $5 CPM. If the website has 100,000 visitors each month, the ad price is $500.
The benefit of this strategy is that if your site receives a lot of traffic from various sources, your basic banner ad cost can reach $3000 per month! The apparent disadvantage is that you can’t expect to make much money if your site doesn’t receive a lot of visitors.
Simple direct pricing is another popular approach for selling ad space straight from your website. You just set a price (based on what you believe it is worth in comparison to what the competition is charging) and are paid in advance at the start of each month. This cost is typically usually a simple flat charge, unlike AdSense, which is related to a Cost Per Click.
Create and sell a product (digital or physical)
If you’re short on time, selling a digital product is a great way to make money because it doesn’t demand constant content development (like blog posts do). You build the product, then devote effort to marketing it to your current and potential customers.
Physical goods sales need a little more care. However, you may outsource inventory management, fulfillment, and shipping to a third-party operator, allowing you to focus on customer support and marketing.
You can sell an ebook or audiobook, course, apps, and any digital downloadables. By the way, go check out our Ebook covering python basics totally for free.
Start a paid membership website
Create a special theme area on your website and fill it with extra value to justify the expense. You may add this capability to your website with something like MemberStack.
The following are the most common membership sites:
- Private forums, discussion boards, a members directory, masterminds, exclusive discounts, and more are available in paid communities. Example:- Traffic think tank
- Education buffets, for example, sell access to a collection of courses, webinars, podcasts, and other educational materials. Game Arts Academy, for example.
- Mastermind and accountability groups bring together a small number of students for group coaching and mastermind sessions. Women who are marked.
Monetize access to your email list
Do you devote hours to selecting and developing content for your newsletter?
Solicit contributions from your readers. Because they already know how good your material is, most people will eagerly agree.
Because of 2014, The Economist (Espresso) has offered a premium newsletter, and since it is still active, we may presume that this monetization method is working.
Monetizing with Repixel
Let’s first discuss what is Repixel. Repixel is a website where you can advertise traffic. You lost me there I know but bare with me as I am going to explain.
Once you have the audience that is coming to your website from Facebook, you can target these specific people with a Facebook ad since they would be high potential customers. You can check the below video for more details about ad retargeting.
One of the best ways to monetize your blog posts is affiliate marketing. Let me explain briefly what is affiliate marketing.
Affiliate marketing is a kind of passive income. It is one of the simplest methods for earning money online. It’s as simple as mentioning other items in your blog posts and earning a reward if someone purchases the product via your affiliate link.
As an affiliate marketer, you earn a commission from every referral you make to another business. If a reader purchases a book through the blog’s affiliate links, book bloggers can earn money (often through Amazon). If you buy a jacket that was suggested by a fashion blogger, they may get a cut of the sale. You see what I mean.
Seems simple, right?
But there’s a catch: in order to thrive with affiliate marketing without losing your credibility and integrity, you must:
- Properly disclose any affiliate links or relationships you have (no one likes a sleazy pitch)
- Recommend items and services that your target audience cares about rather than pushing everything (without testing the product or at least checking its reviews)
Also, you can check our resources page which contains all the tools we use online to grow our business. Most of the links shared on this page are affiliate links. We do get some commission when people buy products from our links.
Extra: Accept donations
If you’re providing amazing content to benefit people online, many of them will gladly give to you so you can keep providing them with useful information. You may simply add a PayPal contribution button to your website, or you can use Patreon if PayPal is not accessible in your location.
Let’s recap all the ways we covered in this article about how to monetize a WordPress blog.
-Paid Guest Posts
-Monetize with Ads
-sell ad space
-Create and sell a product (physical or digital)
-Paid membership website
-Monetize with Newsletter
Make sure to follow all the methods we showed you in this article, and I am sure you will triple your income from your website in no time!
If you have any idea on how to monetize a WordPress blog, please don’t hesitate to share it in the comments section below.