As the old saying goes “money makes the world go round.” We’d all like a little extra cash in our pockets. One great way to do this is to make money online by establishing a passive income stream via WordPress.
So, if you’re already familiar with the platform read on for tips and tricks on how to earn passive income with WordPress.
What is Passive Income?
A passive income can be defined in one of two ways. Firstly, it can be an income source from something you’re not directly involved in. Think rental properties or investments. It can also be defined as revenue continually generated even after work on a project is complete. Things like book royalties are considered passive income.
Using WordPress to Make Passive Income
WordPress can be a great place to generate passive income. Whether you’re looking to make extra cash to supplement your earnings or want to develop a steady income so you can follow your dreams, we have ideas for you.
Here are 6 ways you can start to earn passive income with WordPress today.
1. Start blogging
WordPress is a blogging platform after all.
We’re sure you already know that bloggers can earn an insane amount. So what’s stopping you from doing the same?
The beauty of blogging is that you can write about any topic. No matter your niche, you’re guaranteed that someone out there will share your interest and want to know more. The blogging world is full of so many success stories. Thousands of people earn passive income with WordPress through blogging, and you could be one of them.
If you’re budding blogger, check out this article full of useful, practical tips to get your blog off the ground.
2. Get involved with WordAds
We’re sure you’ve heard of Google AdSense, so what if we told you there’s a tool that lets Google and other advertising companies fight it out to place ads on your WordPress site?
That’s exactly what WordAds is for. It’s the official WordPress ads tool. When you sign up, over 50 of the biggest ad suppliers can bid to place adverts on your site. Companies like Google AdSense, Yahoo, and Amazon A9 are just some of the suppliers involved.
It’s a great and super easy way to start generating additional revenue through your WordPress site almost immediately.
3. Sell sponsored posts
If ads don’t sound like your thing, there are other ways you can monetize your WordPress site. Namely, sponsored blog posts.
Once you have a half decent following, you can reach out to companies and offer sponsored blog posts. This works just like a sponsorship in sports or TV. They pay you to promote their products on their blog – whether this is a product review or just a post talking about what they have to offer.
If this appeals to you, it’s a good idea to put together a media kit. This can be as short as one page – detailing what you do, your main audience demographics, and follower numbers. This will allow businesses to quickly assess whether or not a sponsored post would be a good fit for them.
If you do decide to offer sponsored posts, make sure you know the guidelines around advertisement in your country. In some localities you are required by law to disclose if you’ve been paid to talk about a product.
4. Create a members only area
Once you have a following on your WordPress site, you could consider creating restricted content. We’re not talking anything racy, so don’t be getting the wrong idea. We’re talking additional content that readers have to pay to access.
Exclusive blog posts, videos, podcasts, downloads – anything that you’re able to offer for an additional fee is a great way to earn extra income through WordPress.
You can easily create a members only area of your site with a Site Access Restriction plugin for WordPress. This membership and site restriction tool from CreativeMinds allows you to easily control which users can access which content. Choose which content and pages should be locked, so only your most valued members get to see the goodies.
5. Become a blog flipper
You’ve no doubt heard of house flippers – people who take run down houses and transform them into homes for a profit. Well, there are also blog flippers.
A blog flipper builds a WordPress site from the ground up, amasses a respectable following, and then sells it off for a profit.
Granted, this one does take a deal more knowledge and skill than other ideas in this list. However, it does also reap some of the best rewards. There are sites like Flippa that act as WordPress marketplaces, where users can buy and sell sites. If you’ve got what it takes, you might be in for earning a tidy penny.
6. Create a paid business directory
Some might say the web directory is a dying art form, but we beg to differ. There is still a place for niche, local directories on the internet. And you can easily create one.
Directories can catalogue anything. From the best podcasts to products to reviews of local businesses. You can make money from them by charging for the privilege of being included. Businesses will pay to ensure they get onto the directory.
The best news? It’s easy to create a paid directory with WordPress using a plugin. CreativeMinds Business Directory plugin lets your easily create a fabulous directory, for example. With the CM plugin you can control every aspect of the directory, making it truly unique. It’s a complete business directory solution, allowing you to charge businesses to be included in the exclusive list.
What Are You Waiting For?
There are so many ways to earn passive income with WordPress, it seems crazy not to. Though it can take time to establish a passive income stream, the benefits are well worth the hard work. So, what are you waiting for?