Does making passive income online seem like an elusive pipe dream to you? Well, it shouldn’t. Many people make millions of dollars passively from their websites.
According to Forbes magazine, the top earning blogs in 2017, collected between $175,000 to $14,000,000 per month.
You too, can join that category of online passive income earners, and get to enjoy financial freedom. In fact, you do not have to be a tech-savvy webmaster to achieve that.
All you need is a WordPress website, and you are good to go.
Here are some proven ways you can earn passive income with WordPress:
1. Start a blog
The trick lies in identifying a decent niche that will attract plenty of online traffic. A novel idea would be to go for an unflooded field in which you are an authority.
Venturing into the unsaturated niche boosts your chances of securing a position and carving out your space. Exciting niche ideas include the real estate, education, health, fitness, cryptocurrencies, travel, cooking, photography and so on.
2. Join Affiliate programs
Affiliate programs are undoubtedly the poster-child of recurrent passive income. Many retailers pay out commissions to their affiliate members for successful referrals.
The secret to making substantial cuts nevertheless depends on having a credible retailer who offers quality products at high fees.
Also, ensure that the products or services are relevant to your audience. For example, the Tyche Softwares Affiliate program is one of the best options for a business related blog.
It offers high quality and robust premium WooCommerce plugins.
The program is easy to join. Moreover, we never miss to pay our affiliate members. I bet the number one question in your mind right now is “how much money can I make as an affiliate of Tyche Softwares?” Well, here’s the answer.
We pay out a leading 40% referral commission for each successful sale an affiliate brings. As a matter of fact, to date, just from last year, Tyche Softwares has close to $8000 in affiliate commissions.
3. Create a premium membership site
If your website has a significant readership and prized content, convert it into a premium membership site. Do that by restricting access to some of the valuable material.
If someone wants to access the precious information, the person must pay for it. The payment mode can be recurrent for example monthly, semiannually, and annually or a one-off sum.
You will be amazed by how much people are willing to pay to access such valuable information.
The beauty of using WordPress is that there are a variety of plugins available to accomplish what you need. For creating a membership site, some of the plugins are:
You can use these plugins to restrict access to content and even create a profitable membership site.
Some of the membership sites from which you can get inspiration include:
Increase WooCommerce Store Sales
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I had one issues with setting up the plugin in one of my websites because of the custom nature of the site, however tech support was very responsive and fixed all the incompatibilities themselves – was definitly the best tech support service I have ever received.
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4. Article Writing Service
A common challenge faced by many people is how to develop current, high-quality, engaging, and relevant content for their websites. It could be because they lack skill, time or competence in the field.
If you have impeccable writing skills, why not offer your expertise to them for a fee?
Use your blog to showcase your writing prowess.
Additionally, publish your work on different guest posts and authority sites. If you already have satisfied clients, ask them to make a positive review on your website. You can get most of these clients on freelancing sites, warrior forums, social media platforms or company websites.
5. Enroll in Adsense
Google AdSense is undoubtedly one of the quickest ways of monetizing your website.
Signing up for the program is somewhat straightforward. Just make sure your site meets all the Google AdSense program requirements, and your approval into the program will be quick.
Once you get into the program, Google will post on your site relevant adverts from its network of publishers. Whenever guests to your site click on these ads, Google pays you.
If you are unable to get approval to join AdSense, do not despair.
There are other Adsense alternatives you can use. Brilliant examples include:
6. Sell advertising space
If your website enjoys plenty of organic traffic, you can directly approach businesses in your locality and ask them to purchase advertising space.
For better results, target prospects who offer goods and services relevant to the content on your blog.
For instance, if you have a health and fitness blog, potential advertisers could be health and fitness trainers, gyms, nutritionists, as well as sport and fitness wear stores.
If possible, design a rate card with different advertising pricing options.
Still, if you’d want a broader reach, you can advertise on popular platforms such as:
7. Create a Product
If your blog has an impressive following and regular visitors, it is prudent to create products to sell on it.
Novel choices could be digital downloads of informational materials, how to guides, PDFs, or even actual physical products.
In such a case, having a website that has e-commerce shopping cart, and check out capabilities will suffice.
If all goes well, start your affiliate program and enroll affiliates who will increase your income through referral sales.
8. Sell links
Every website owner longs to have favorable page rankings and great leads.
No wonder some employ different white hat and black hat SEO techniques.
Experienced webmasters, for example, understand the importance of having on your website, links from relevant authoritative sites. Hence, they pay handsomely to have their links on such high-quality websites.
If you have a blog with quality content, moving traffic, and enviable page rankings, you can make a decent earning from link selling.
However, if your site’s survival depends solely on search engine traffic, you should be cautious. Google might flag your blog for engaging in black hat tricks.
9. Sponsored Posts
If you can write compelling product reviews and descriptions, you should consider offering sponsored posts services.
Here, you make money by charging a fee for publishing on your blog reviews, press releases or descriptions of a client’s product.
Understandably, the amount of money you ask will depend on the size of traffic you have, the product value as well as the type of client.
If you so wish, you can include referral links to those products or services and earn additional affiliate income.
For instance, we have sponsored posts on different websites to which we pay a fee. Although paid, all of these are honest, unbiased reviews of our premium WooCommerce plugins. Some of them include:
- WooCommerce Booking & Appointment plugin review
- WooCommerce Order Delivery Date plugin review
- WooCommerce Abandoned Cart plugin review
10. Sell the blog
A judicious person invests with an exit plan in mind.
If you believe your website has grown to a respectable level of success, selling it might be a prudent idea. Many people and companies will pay a fortune to own such successful blogs.
Just conduct a routine search on various online marketplaces, and you will encounter such buyers. Some of these sites include:
The price of the websites will vary depending on variables such as positive traffic reports, amount of income the site generates, as well as how popular and authoritative the blog is.
Evidently, you can earn passive income with WordPress.
You only need patience, the will to succeed, and the right know-how. If you want more resources on how to make a passive income here are some worth considering.