No matter what type of blog you run, monetization is always a challenge. But it doesn’t have to be! In this article, we’ll break down the different ways you can make money from your WordPress blog and provide some examples of bloggers who are doing well with each approach.
1. Guest Posting
Guest blogging is a great way to build up your authority and reach an audience. It can be very time consuming, but it has many benefits. Guest blogging gives you the opportunity to share valuable information with other people’s audiences, which in turn will send traffic back to your own site. If someone comes across your guest post on another blog, they may decide to follow you and visit your site as well—giving you more visitors!
2. Affiliate Marketing
Affiliate marketing is a process of promoting other people’s products and earning a commission for it. The blogger gets paid for each sale made through their affiliate link that they have placed on their website or blog. In order to become an affiliate marketer, the first thing you need to do is sign up with an affiliate network like Amazon Associates and start promoting your product links by including them in blog posts, newsletters and videos etc.
You can also promote products from multiple eCommerce stores using one account with different affiliate networks like Amazon Associates, ShareASale, Rakuten LinkShare etc., however this might not be as effective as promoting only one brand as viewers may get confused as to what they should buy from which site and why!
3. Selling Products
The next step is to sell products, which can be anything from t-shirts to books to apps. Most of the time you will have a combination of both your products and others. It’s important that you make it as easy as possible for people to buy what they want and get out in one click or less. There are many plugins that allow you to do this such as Sumo, WooCommerce, Easy Digital Downloads (EDD), and many more.
4. Google AdSense and Other Contextual Ads
There are many types of advertising programs out there, but for the purposes of this post we’ll focus on one: Google AdSense. It’s a contextual ads program that allows you to earn money from displaying ads on your site.
The way it works is that you set up an account with Google and then install tracking codes on your website (the same ones used by Facebook). When someone visits your website, Google looks at their traffic patterns and shows relevant ads based on what specific pages they visit during their session.
The good news is that it doesn’t take much to get started with Google AdSense—you simply sign up for an account, paste their code into the appropriate location within your theme or blog editor, and wait for money to roll in!
5. Sponsored Content
You can also monetize your blog by taking on sponsored posts. A sponsor is someone or a company who pays you to write about their product, service or event. Sponsors are often looking for bloggers who write about subjects that are related to their own business or interests. You may be asked to promote the sponsors’ products and services, but it’s important to note that not all companies will want you to sell their product directly. Sometimes they just want some exposure for their brand name in exchange for compensation. Some bloggers take this route full-time as it can be highly lucrative; others use it as an extra income stream when they aren’t busy writing their own content.
6. Consultation Services
You can get paid for the consultation services you offer, either on an hourly or a flat rate. You can do this by setting up a consultation page on your blog and promoting it in your posts or emails. This way, people will know that they can contact you by phone or email if they want to discuss their needs further. If it’s an ongoing service and not just a one-off consultation session, then set up a recurring payment so that you get paid regularly.
7. Donations/Patreon/Tip Jar
You can also add a donation button to your site. If someone likes the content you create and thinks it’s worth paying for, it’s not a bad idea to let them know about it! I don’t have any experience with this method of monetization, but there are plenty of articles out there that talk about how to set up a donation button on WordPress and some plugins that do this for you without having to code anything yourself.
If you’re a WordPress blogger, then you know that there are plenty of ways to monetize your blog. From affiliate marketing and sponsored posts to selling products and services on your site, there are tons of different options available. However, not all of these methods will work for everyone; it’s important that you figure out what works best for your audience before jumping into anything too quickly!