How To Monetize Your WordPress Website

SkyStra
Jul 6, 2020

Whether you’re just blogging for fun, or as part of your business plan, you might want to monetize your WordPress blog. That way, you can grow your cash flow, and have a backup plan if something like COVID-19 happens again. Even if you don’t have huge ambitions for your blog, maintaining one still requires some money to cover the domain name and Cloud service expenses.

Before we go over the monetization methods, we need to emphasize one key aspect – you have to be patient. Getting money for your content is doable, and you can find people making over six figures with their blogs, but you need to be patient as it takes time and effort.

To monetize your website – you need to have a decent amount of traffic to use these methods most efficiently. If you haven’t already, please check our article on how to optimize your SEO and bring more traffic to your website.

Alright, let’s start!

Ads

The easiest way to earn some money on ads for a beginner is by using the Google Adwords program. It uses the PPC – Pay Per Click (also known as Cost Per Click), a model where you get paid when a visitor clicks the ad on your website. There are plenty of PPC companies around, but we’d recommend Google as it’s the most reliable, and you can apply for Google AdSense here. Before applying, make sure that your website has enough original content to have more chances to get approved. Once you get approved, you’ll receive a code that you need to put on your website. 

If you don’t get approved, or need an alternative, here’s a shortlist of AdSense biggest competitors:

Media.net

Amazon Ads

ShareASale

If you’re not a developer, don’t worry! You can use plugins like Ad Inserter to insert ads to your website easily.

Please note that to earn decent money using the PPC model – you need to have a good amount of traffic on your website.

The PPC model’s slight issue is that over 26% of internet users use Ad Blockers in their browsers, so you can be losing valuable revenue. There’s a solution, though! Use plugins like NS Adblock Blocker to detect users that have Ad Blocker enabled, and present them a custom message or deny seeing content on your website until they turn it off.

To sum it up:

+ Easy passive income and you don’t have to do anything once you’ve placed ads on your website.

You need clicks on ads actually to make money, page impressions aren’t enough.

Ecommerce

Creating your online store is the most apparent strategy to monetize your blog. WordPress allows you to run sales efficiently, list products, accept payments using the free WooCommerce plugin. WooCommerce provides you the freedom to sell anything, from physical to digital goods, services, and appointments. This method isn’t easy and quick, and it takes time to earn money this way. However, if you find your niche – it will make it easier to grow.

Here are some examples of what you can sell on your store using the WooCommerce plugin:

  • Physical goods
  • Digital goods (ebooks, photographs, art)
  • Counseling
  • Training

We prepared a series of articles to get you started with WooCommerce, and you can find them below:

How to build an eCommerce store with WordPress

WooCommerce Themes

WooCommerce Extensions & Addons

What to do once your store is up and running

To sum it up:

+ You don’t depend on a third-party company for your income, and you set your own rates.

It takes time to build and establish your store, so it’s not a passive income option as it requires hard work. It’s well worth it though.

Sponsored Posts

This method is excellent because it offers a fantastic user experience since it’s not a straight advertisement. In a nutshell, you write reviews on products or services in your niche, and companies pay for this content. 

If you’re already well-known in the space – companies will approach you automatically. If you’re just starting, make a plan, find companies in your niche, and offer reasonable rates for quality content. If you’re good, you can even have a deal with businesses to write a certain amount of articles per month or have a yearly contract. That way, you can plan your revenue.

In addition to your blog, you can also write sponsored posts on your social media channels, and bring traffic to your website. Try not to write biased opinions as it can affect your credibility. Write honest experience with the products/services, and your visitors will trust you.

+ Great user experience, and you can set your rates and conditions.

As a beginner – it can be a bit hard to find companies to pay for reviews.

Google AdSense For Search

This is another interesting method to earn passive income if you have a website with tons of useful information, and your visitors often use the search function on your blog. You can replace your regular search bar with Google’s Custom Search Engine (CSE), and have Google display ads each time someone uses the search bar. If the visitor clicks the ad – you earn money! You can get started here, and once you apply – you’ll need to connect the search form with your AdSense account.

You can use the WP Google Search plugin to display it on your website easily, after getting the GSC ID from Google.

+ Search bar click rates are high, and you can earn quite a bit of money.

Competing companies might use Adwords to advertise, and their ads might be shown in related search results. If you have an eCommerce website – avoid this method.

Affiliate Marketing

Affiliate marketing is one of the most popular methods of monetizing WordPress blogs and websites. In essence, companies pay you money to bring them new customers, via affiliate links. For example, if you blog about tech products and link to a product that you use a lot – you’ll get paid each time someone buys the product through your link (if you have a contract with the company that sells it).

There are two ways to get paid via affiliate links:

  • CPC (Cost Per Click) – each time someone clicks the link (rare)
  • CPA (Cost Per Acquisition) – each time someone buys the product through your link (often)

CPA is the better way to earn money as you make more, and everyone is happy – you for receiving the sale, company for selling the product, and reader for purchasing the excellent product.

You need to use the unique affiliate links, so the company knows how much business are they obtaining through your website. Each company will provide you the special link once you set up the account with them. For example, you can find Amazon’s instructions here.

Make sure to only include products in your niche, or your readers won’t trust you. Also, be honest, and tell your readers you’re earning money via commission sales – it goes a long way.

+ Good passive income, and allows you to build long-lasting relationships with businesses.

You need to have an already established blog (make content first, then use affiliate marketing to earn money).

Exclusive Content

If you have an area of expertise and believe people would be excited to learn from you – providing exclusive content could be a great source of income! It also helps if your website is already established and well known in your niche.

There are a couple of different strategies you can employ on your site.

Premium Content

This is the type of content your visitors would pay to gain access to. It could be music, photos, research papers, exclusive articles, movies, etc. Make sure to provide something for free, so the readers can get the idea of what type of content you’re offering. This builds the trust between you and the reader, and they’re more likely to hand over cash for the full content.

Subscriptions And Memberships

If you want to provide access to all resources on your site to the customer – you can offer subscription plans. If you’re going to offer the option to unlock extra content (unique pages, discounts, etc.) – you can use memberships.

You can play with this strategy and combine it with your premium content so that members can unlock different levels, etc.

Donations

Donations are a great option to use if you don’t want to force your readers to pay up for enjoying your content. That way, anyone can pay as much as they like to keep your site up and running. This isn’t the most reliable method, so you might want to combine it with the Ads to have a backup plan.

We can’t wait to see what you come up with using these tips, as WordPress monetization done right can really be a game-changer for you.