If you’re getting into business you have to be creative. Not only with the business idea but with how you market and sell. Understanding what your users want is also a key part of any business’s success. But what if you’re still in search of that perfect business idea? In this guide, we’re going to list all the ideas on how to make money with WordPress.
WordPress is a versatile application, and there are numerous ways to earn money in WordPress. But none of these ways are quick cash types of businesses. As with any business, you have to have a vision in mind, start small and input time and effort.
Here are 7 ways to earn money online with a WordPress site:
7 ways to earn money online with a WordPress site
1. Sell premium WordPress themes
This is the most straightforward way to make money from WordPress. Selling premium WordPress themes is a lucrative business that brings a consistent influx of money. The demand for quality template solutions is growing as more business owners are looking to simplify the web design and development processes and cut down the costs.
It’s easy to turn a WordPress business into a source of passive income. Once you’ve designed your template and put it up, you can just sit there and relax, watching the money flow into your pockets. Selling premium themes, therefore, is a perfect option for entrepreneurs who are looking to diversify their income.
If you’re interested in selling premium WordPress themes, check out this article on where to start and how to ensure your business is a success.
2. Start and monetize a blog
It’s harder than ever to run a money-making blog. There are simply too many blogs out there. But if you’re an expert in a niche field, blogging is still the best way to get the word out. Creating a popular blog doesn’t end with designing a WordPress site. You have to publish valuable content and drive traffic to your site.
Here are some monetization ideas to help you get started:
- Affiliate Marketing implies partnering with companies and brands to promote their products. As an affiliate marketer you would add paid links to your content whenever appropriate.
- Google Adsense allows you to add a script to your website and display Google Ads. Your bank account will increase every time someone clicks on the ad.
- Offer sponsored posts. Guest blogging is a popular SEO tactic and many companies will pay bloggers to post content. However, Google sees those paid links in a negative light so assess all the risks before you start.
3. Sell digital products through WordPress
Have a mind-blowing product that will delight your customers? Try selling it on a WordPress site. Despite the fact that Amazon is taking over the e-commerce industry, as a business owner, you still need a site to showcase your product and drive brand equity. A website allows you to establish your own pricing policy and provide a wholesome customer shopping experience.
Here are some ideas of digital products you can sell on WordPress:
- Online courses
- Paid webinars
- Content and blog articles
- One-on-One consultations
4. Offer paid membership and content
If you have a loyal fan base that adores your work, they might want deeper insights and expert tips from you. This is a perfect opportunity to give value and earn money. People are willing to pay for knowledgeable advice and it’s expected that the advice will come at an additional cost.
If you’re in the blogging business, think of yourself as a publisher. It’s not enough to simply create exclusive content. You need to provide great value, putting in hours and hours of work might be required. Additionally, think about different payment packages and options you can offer to different customer segments. You might not be the New York Times, but today readers want the New York Times experience from every publisher.
Here are some WordPress membership plugins you can use:
- Restrict Content Pro
5. Provide services
Don’t have products to sell but have an awesome niche specific background and education? You can easily transfer your skills to an online field. Start selling your services or teach. Web design and development, content writing, teaching languages, therapy, coaching and consulting – there are so many business fields to choose from. People are busy nowadays, but they still want to learn and get help from the best. With a current demand for online services, you can easily become a digital nomad and travel the world.
There are several ways to sell services on a WordPress site. You can create a blog and provide one-on-one coaching sessions. You can also write educational materials and deep research papers. Finally, educational videos and podcasts allow you to turn your expertise into a sellable product.
6. Website flipping
Website flipping means creating a website, enhancing it with additional features, optimizing it for search and then selling it for a higher price. The term has roots in real-estate, where homes are often bought for a minimum price and then refurbished and sold.
Website flipping is not an easy game. It takes patience and serious initial investment to turn a new website into a traffic generating machine. If you’re fond of the idea, you will benefit from SEO and web design skills, that will help you better your sites. Website flipping is a relatively new business model, and only a few people know about it. If you try to approach business owners and sell your site, you’ll raise quite a few interrogative glances. This makes selling a website and explaining your business model a challenge.
7. WordPress Consultancy
Finally, if you have extensive knowledge of a WordPress platform you can put WordPress at the core of your business. There are numerous ways to get involved in WordPress business: design, development, content writing, SEO, rebranding, analytics – all these skills are in high demand. The number of websites built on WordPress is also increasing, so you’ll have a steady flow of clients.
WordPress isn’t a static platform. As a consultant, you need to stay aware of all the updates and latest development news. The knowledge of what plugins are available and how they can be used in business will also be helpful.
WordPress is a fantastic platform that opens a slew of amazing opportunities for business minded people. Whether you’re into web design or sales, you have plenty of business ideas to choose from. So reassess your skills, understand what your audience wants and start working on your dream business!