One of the most frequently searched phrases on Google also happens to be ‘how to make money online.’ WordPress blogs offer a very efficient way to make money and have therefore increased in popularity. In this article, we will discuss some of the most important ways to make money with a WordPress Blog.
Making Money With a WordPress Blog
One of the most reliable ways to make money through your WordPress blog is to go for affiliate marketing. Simply put, affiliate marketing is the process of promoting a third-party product or service (say, a casino) on your blog to make sure that your readers go through it and possibly click on the affiliate link placed on your blog.
Since the reason for their knowledge about this third-party happens to be your blog content, you are rewarded with a commission for every purchase. For every click a user makes on the affiliate link, a percentage of the sale, if it happens, is transferred to you. This way, you can make a lot of money if you choose relevant sites to affiliate with.
The process of choosing an affiliate is also straightforward as most websites that require affiliate marketing services provide a section in their website for you to apply through. Once you’ve applied for the program, you can copy the affiliate link that they provide and paste it into your website at a convenient location.
Ad spots are another very efficient means to make money through your WordPress blog. There are three different ways you can set up ad spots on your blog.
The first and the most controlled way is to design your own ads in a mobile-friendly theme and choose your own space within the blog. This way, you have complete control over your blog’s appearance and aesthetics, and you can make a decent amount of money from these ad spots.
The second way is to sell your ad spots monthly, and in return, you get a fee every month. The advantage of this method is that you get a frequent source of income from this system. However, this is not always beneficial as even if your subscribers click on your ads several times, you still receive the fixed monthly fee. Another problem with this system is that if the ads are not getting enough clicks, there is a chance to cancel this service.
The last method is to join an ad network and let them manage your ad space for you. Ad networks like AdSense and Amazon CPM are some of the most popular networks. They sell your ad space for businesses that need to get advertised, and based on a system, usually pay per click, you can generate revenue from it.
Like ad spots, newsletters are also an excellent way to make money out of a blog. By selling some newsletter spots on your blog, either directly or through an ad network as you would do for ads, you can allow a newsletter to feature in your blog, and signups from your blog will result in a commission paid to you.
However, it is essential to know that some services do not allow for affiliate links to feature in newsletters. Services like MailChimp do not allow for affiliate links in newsletters, whereas Amazon affiliate services strictly do not let their affiliate links feature in any newsletter. It is a good practice to check the terms and conditions of your email marketing service for sending affiliate links through newsletters.
Sponsored Reviews or Posts
Another way to make money through your blog is sponsored content creation to convert users. Some companies are willing to pay for an article or post you write about them in your blog. However, it is advisable to write a fair and honest article about their services irrespective of how well they pay as an ethical responsibility to your subscribers or readers.
Many businesses and websites seek sponsored writers for advertising and spreading the word about their products. Sponsored reviews or posts are one of the best ways to make if you want to experiment with your writing skills.
Selling Your Blog
Another important way to make money out of your blog is to sell it off. Several bloggers out there create very successful blogs and sell them out for an excellent price. It is said that a blog can be sold for about the price of two years’ income that the blog currently generates monthly. Several businesses badly seek profitable blogs and would love to buy yours if it generates a decent income.
Hosting giveaways are also another suitable method for you to make money out of your blog. Ideally, a giveaway generates a lot of traffic to your blog, and by managing it well and planning it beforehand, there are several resourceful ways to make money out of a successful giveaway campaign. Ensuring that you keep track of all the entries and choose a completely random one is an essential task you have to always keep in mind when hosting giveaways.
Another way to make money is to host exclusive online content on your blog. By exclusive content, we mean content that only subscribers of your blog can read. While some posts can be read by anyone, some resourceful posts that you’ve put a lot of effort into can be featured as exclusive content for the members or subscribers only. The subscription fee you assign for these posts, depending on how interesting they are, can help you generate a decent income as well.
These were some of the successful blog tips to make money. So, choose your minimalist theme now, and get started to explore this alternative stream of income.