There are many methods for monetizing your WordPress site that can reinforce your business cash flow. In this article, we delve into the most effective ways to sustain your business when circumstances are shaky.

If you’ve been networking and chatting with fellow SMB owners and freelancers, you may have seen that many people are trying to find ways to monetize their WordPress sites or even blogs. 

Let’s try to understand this trend better. It could actually be a significantly helpful way to roll with the punches of COVID-19.

What we mean is: Many SMB owners along with freelancers are looking for out-of-the-box ways to adapt their business strategies to the era of Coronavirus. It’s not only about extra handwashing and social distancing. 

In fact, turning to a drag and drop editor such as Elementor with the goal of monetizing your website is actually a proactive, positive way to not only stabilize your business earnings but also to leverage your website as a tool for growth and community building. 

This solution is very much about recalibrating your business model for this unique reality of a homebound lifestyle, where lots of people are stuck at home, therefore spending a lot more time online, and browsing habits are booming. 

There are many helpful methods for monetizing your WordPress site in order to reinforce your business cash flow during a time where customers are working and earning less, and are often trying to cut out some of the ‘extra’ services they usually pay for. 

It’s time to learn how to monetize a WordPress site, and in doing so, giving your business some breathing room. 

6 WordPress Monetization Methods We Love

Affiliate Marketing

As website creators, we’ve all dabbled in our fair share of digital products and services. It’s time to get opinionated (if you aren’t already) about what you’ve liked and haven’t liked about different products you’ve used. 

If you recommend a business’s product and place an affiliate link in your content or simply share them online, each click can get you a revenue share. This will make you an affiliate marketer. 

It’s always nice to have some extra income through simple marketing tactics. Affiliate programs are also what’s known as “passive income.” 

Adam Preiser, Founder of WPCrafter & CartFlows, explains how referral marketing can be a viable asset to a web creator’s business:

“Referral marketing is something everyone already does every day, but don’t realize it nor get paid for it. It’s the simple process of making recommendations based on your own experiences, and it’s super easy to get started doing it today.”

“To get started in affiliate marketing, you just need to focus on a 3-step system, what I like to call Solve Show Share. Solve someone’s problem, show how to do something, share your opinion based on your experiences. In that process, you will have to recommend products and services where you can earn a percentage of what is spent”.

Essentially, implementing Adam’s ‘Solve Show Share’ accomplishes two benefits with one action: You position yourself as an influencer, while simultaneously earning a percentage of the purchase. Minimal effort, maximum gain.

Find Your Niche

You don’t need to be a ‘salesy hussler.’ It’s more about being a genuine expert. Affiliate marketing is about a mutually profitable relationship between you and your network. You contribute your knowledge, and you gain both monetization and business growth. 

As a web creator, for example, you can use the knowledge and experience you’ve derived from building and maintaining your WordPress website to become a Bluehost affiliate. You can create simple, actionable content for Bluehost newbies who are looking to find a web hosting tool for their very first WordPress site. You can even just tweet about their product and add an affiliate link. 

Being an affiliate means you’re a brand ambassador, and every sale you ‘make happen’ (aka post a product link that converts) — you can earn $65. 

Even if you have a small (but growing) audience of customers or followers, you can keep them engaged in your website and all of its relevant content. 

If you have a successful YouTube channel or blog, you can even join our Elementor Affiliate Program. Some of our affiliates, for example, earn at least $10k on a monthly basis.

A great way to learn how to do affiliate marketing with Elementor is watching the Ferdy Korpershoek (an Elementor affiliate himself) video below, which teaches you how to make money through affiliate marketing:

Google AdSense

Google AdSense lets trusted advertisers show their ads on your site or blog, and in turn, you become a publisher whose content generates revenue from those ads. 

Adding Google AdSense to your Elementor website can bring in a significant amount of income. You’ll add AdSense to your site with Elementor’s HTML widget. 

The Advantages of Google AdSense

For starters, AdSense gives you access to the world’s largest advertiser base, where all ads are checked and powered by Google. This means that there is no issue of inappropriate or irrelevant content. 

Secondly, any webpage that meets the AdSense eligibility requirements can sign up for an AdSense account.

As Google specifies, “For your site to succeed with AdSense, it should have unique content that’s relevant to your visitors and provides a great user experience. Before you sign up for AdSense, we recommend you review your pages to ensure they are in good shape.”

What Google is actually expecting from web creators at this point is: 

• Unique, original and relevant content
• An “inviting” layout
• Easy-to-use navigation
• Functionality

We can see that your website’s design and user experience are super important to Google. And we always want to be on their good side. But by listing these criteria, Google is actually doing you a favor — they’re making sure you’re doing your website justice by polishing its appearance and its content. And then, finally, you can start benefiting from the world of advertising. 

How to Get Started

You’ll first need to sign up for AdSense. Once you’ve done this, the rest is a piece of cake. 

Just like the Elementor Page Builder, Google AdSense is very precise when it comes to format, layout, and size. 

You’ll have five different ad types, otherwise known as “ad units” to choose from: 

1. Display ads
2. In-feed ads
3. In-article ads
4. Matched content ads
5. Link Ads

You can customize the dimensions (by unit) of each ad unit you use, either by Google’s recommended formats or unique sizing, as you see fit. 

And, of course, like your Elementor design elements, Google introduced responsive link units so that the ad display code will be automatically adjusted according to the viewing device’s screen size.

Once you’ve made these customizations, AdSense will generate the code for you to insert on your site (between thetags of each page you’d like to show ads on. 

You’ll easily add this code to your Elementor site through the HTML widget, and that’s all the coding involved. 

Your website will now officially be ready for ad content, like banner ads, for example. Google will take about an hour to decide what kind of ad content is most relevant to place on your website. And we definitely trust Google when it comes to content relevance. 

Once your ads start being visible, you’ll begin earning money as soon as users start clicking. 

Google actually has a great resource for learning about making money with Google AdSense. 

Google indicates that AdSense’s two key advantages are exactly what web creators need nowadays, now more than ever: “great content and a lot of traffic”. 

Start an Ecommerce Business With WooCommerce

Web creators around the world understand the promising value of ecommerce stores. 

To put it in numbers, 99firms.com writes that by 2040, around 95% of all purchases are expected to be via ecommerce. But that doesn’t mean you should wait until 2040 to build your ecommerce store! 

Mainly because, whether surprising or not, using WooCommerce to build an ecommerce business is one of the easiest things you can do on WordPress and right inside Elementor itself. 

If you’re not sure whether creating an ecommerce store is worth your while, here’s some perspective about the advantages of ecommerce, provided by thebalancesmb.com: 

• You’ll be overcoming geographical limitations. That’s right, your customers can be from any city on planet earth. 
• You can leverage SEO to gain new customers
• You can create deals, bargains, coupons…the options are endless
• You can create targeted communication
• You can tap into niche markets and offer tailor-made services for their pain points

A good example to envision is an artisan coffee shop located in a business district. Let’s say 70% of people are working from home, so 10am coffee breaks are done nowhere else but their kitchen table. 

You might have a One Page website that shows your different coffee blends and your store’s address and social channels, but maybe you should consider offering coffee bean deliveries during the corona crisis? 

You could easily set up a WooCommerce store for this, and start informing your customers via Instagram, Facebook, etc. Sounds like a plan.

After all, people love a good pour-over brew in between video meetings with colleaguesץ

Online Courses/Webinars

Why not up your game even further? Go beyond being a service provider, and become an influencer and educator. Teach fellow professionals how to use the skills you’ve mastered yourself. 

Creating an online course in a knowledge area where you can influence and teach others is a great way to not only generate extra income in a challenging financial time but also to grow your business community. 

Why Online Courses?

Online courses are generally easy to build, as anyone and everyone can upload videos and tutorials that explain how to cover a certain task. If you’re comfortable on camera or even just with content and material that can teach others what they want to learn, then go for it!

Same goes for webinars. There are many industry-related questions and conversations that professionals are interested in discussing and collaborating about. 

Webinars are another great way to convert leads and grow your network. If you have a colleague or two that you can collaborate with about a particular topic or discussion, now’s the time to get back in touch. 

P.S. — LifterLMS recently published a 9-step checklist for creating a webinar on its platform.

LifterLMS

LifterLMS which Chris speaks of is one of our favorite WordPress plugins. LifterLMS allows WordPress users to “Create, sell, and protect engaging online courses and training-based membership websites”.

This plugin is an easy add-on for existing web creators, who are looking to create websites and training portals for clients, employers or even themselves. 

How To Do It

LifterLMS has actually created some great improvising solutions for professionals. 

Let’s learn from their methods:

Once any individual records a class and uploads his videos, he uses LifterLMS to “turn his existing WordPress site into a digital classroom”. 

Since public gatherings are now strongly discouraged in many countries, dozens of professional conferences and meetups have been canceled, and regular events like university lectures have been forced to operate remotely. 

LifterLMS has become a solution for hosting a virtual event with little delay between the original event date and the day it ends up happening online-only. 

Chris Badgett summarizes what you need to do in order to get your online course creation into action: 

1. Record your class sessions with Zoom
2. Upload the video files to a video storage service like VideoPress, Vimeo Pro, or Wistia Pro.
3. Build a WordPress website.
4. Download LifterLMS.

Memberships

Patreon is a service used by influencers and creators as a way to build a fanbase and support network, and earn some income along the way. 

The way it works is that the influencers, whether they’re photographers on Instagram, YouTube comedians, podcasters…use Patreon to establish perks and tiers for their fans (patrons). 

Examples of the content that Creators can create memberships for are:

• Podcasters
• Video Creators
• Musicians
• Visual Artists
• Writers & Journalists
• Communities
• Gaming Creators
• Nonprofits
• Tutorials and Education
• “Creators-of-all-kinds”

We asked Matt Cromwell from GiveWP, the leading WordPress Donation Plugin, if they’re seeing an increase in interest in GiveWP. 

He shared that “We have seen a noticeable bump in traffic to our website over the last week, particularly to our relevant blog articles about fundraising online. Because it is so relevant, we’ve also discounted all our products by 40% to try to make the barrier to entry even smaller for new fundraisers. We hope that it will help people get up and running more quickly.”

Cromwell also gave his insight on how other companies, in general, can leverage subscriptions to grow their business:

“The key to asking for recurring subscriptions is focusing on providing recurring value to your audience…

Focusing on telling your story and getting those stories in front of your audience regularly is the most important thing…

Point your audience there regularly and tell them how their sustaining membership keeps your stories going, and 90% of your fundraising efforts is already underway.” 

— Matt Cromwell, COO of GiveWP

In practice, these creators set up subscription payment pages so that fans can buy paid subscriptions to their content. 

These subscribers/patrons then get paid access to exclusive content, and their contribution is financial support to the artists they love. 

If you have online projects and content that you’re proud of and want to showcase to the world at large, Patreon is an excellent method to try out for business and website monetization. 

A Promising Future

Some of the many benefits of Patreon, as we see it, are the brand loyalty and community you can build as a sought out influencer. 

Give subscribers a sense of community and appreciation with: 

• Community Feeds
• Access to exclusive reviews and content 
• Behind-the-scenes content
• Rewards
• Private social media groups
• Lots more

Elementor Experts

A great coping mechanism for this quarantine madness is making your professional services well-known to your online community. Web creators and freelancers, in general, have a lot of different skill sets and talents, but it’s likely that their communities don’t know about them. 

A practical suggestion we can offer for this scenario is our new Elementor Experts platform. 

What Is Elementor Experts?

Elementor Experts is a marketplace for web creators, designers, developers, and marketers to build projects on the Elementor platform. 

Not only during the Corona outbreak but also at any point in time, some of the ways your professional growth can prosper with Elementor Experts are:

• You can promote yourself by showcasing your Elementor projects
• Grow your business by finding new clients.
• Find collaboration partners to help you on some project.

As a web creator, examples of project type and services that you can offer to clients on Elementor Experts are:

Providing these services for other clients, whether they themselves are Elementor Experts or just website owners looking for freelancers, the Experts platform is a great tool for WordPress site monetization. 

As an Elementor Expert, you can achieve website monetization through so many different projects: Building WooCommerce websites, creating a blog for a client that can be monetized, connecting their existing website to an ad network, the options are plenty. 

Oh, the places you’ll go…

Tips for the Elementor Experts Platform

Think of the skillset you want to market yourself with

Will you offer web design services? UX/UI? Or are you more experienced in fields like Website Content Writing? There are many skills to choose from when building your Expertise.

• Choose the Projects you’re most proud of and add them to your Portfolio

Show the projects you’ve done that are relevant examples of the type of work you want to get hired for. But there’s no limit to how many projects you can upload. The more, the merrier!

• Find clients whose needs you can meet with your Expertise

There are many clients in the Experts network, all of whom are looking for a variety of projects to hire for. Look around carefully, and decide whose projects needs are most relevant to what you’re most seasoned and experienced in. 

We’re Excited to See What You Come up With

WordPress website monetization done right can really deliver game-changing results for businesses of all sizes. We’re definitely big believers that when chosen wisely, the monetization methods you invest in will reap the best of benefits. 

During this corona madness, who would have thought that WordPress monetization could be a silver lining on a particularly grey cloud?

Share your work with us so that we can keep collaborating and help your business grow!

Original Article from : https://elementor.com/blog/monetize-wordpress/