Before starting with our today’s topic let me first clarify what exactly monetizing means?
“Monetize is a simple word, which means to earn revenue or in general earning money.”
Let’s start with this,
Do you ever wonder how WordPress bloggers earn a lot from their blogs through their reader? Doesn’t this sound interesting, yes it is!
Are you really into earning money from your blogs through promoting different products? If yes, then you are on the right roadmap.
After reading this article, you’ll have prior knowledge about tips and tricks needed to earn money from your WordPress blog directly.
First of all, let me give you a tip,
“Always keep your blog website fresh and updated with all the products you are actually promoting as if you’ll go off phase you may lose your audience and obviously audience matters a lot in earning money as they are your real assets”.
I’m sharing my own experiences and some of my fellow mates as well to deliver as much knowledge as possible.
To monetize your website, the following are the steps:
Know your market niche:
First, you need to know your market niche, the target audience you are actually targetting.
Let me explain the market niche by the definition given by Wikipedia
A niche market is the subset of the market on which a specific product is focused on. The market niche defines the product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that it is intended to impact. It is also a small market segment.
So, the key concept is to know your market niche and stay in the domain in order to gather your audience but keep in mind sometimes being in your market niche may cause you some disadvantages as well, as in your domain is restricted.
Let me explain this with the help of an example,
Suppose, you have a website about cats of different breeds so, your market niche is obviously about Persian cats.
You will post blogs on how they look, how they eat, what they eat, what things they avoid and their behavior with humans.
Altogether, you cannot post anything except for Persian cats this is a plus point as a lot of people who are cat lovers will come and visit your website mostly but a disadvantage as well at some point you may don’t have anything to post as you have covered all the topics.
That’s where you actually are stuck and have to add some other elements to your niche to keep your blog alive but switching to some new topic may cause you to lose your audiences.
Know your community:
To know your community and fan is very important if you are a blogger and want to be a well-known one!
Fame comes to those who appreciate their fans. Without knowing your community, you cannot monetize your website and earn money.As you real target audience from whom you are getting money are your community people i.e. your followers.
The one who waits for your blog every day and believe in your promoted products. In fact, whenever you are initiating a new business you always have to build up a community first.
So, always respect your community of followers as they are your actual asset.
Know how to generate traffic:
If you have some basic knowledge of marketing, its first rule is customer satisfaction through strategies to increase your target market.
Traffic at your website is a plus point, as healthy traffic will help you get more money and monetize your WordPress blog.
Of course, achieving that traffic requires a lot of strong strategies and hard work.
I’m not going to tell you how to generate traffic at your WordPress blog but my motive is to let you know that traffic is a major cause of monetizing your WordPress blog.
Testing literal meaning is to test your product in a controlled environment to check all its working.
Testing is very important as it is going to let you know how your blogs will appeal your visitors otherwise without testing you may have some severe loss.
Always have Google Analytics to have a better insight into your blogs.
Advertising on your blog:
You may also monetize your WordPress website simply by advertising different products on your blog once in a week or twice
In this way, as you are promoting their product you may earn revenue and your blog would also be known by different people.
Always be focused that right adds are shown on your blog sometimes, spam happens and irrelevant posts are shown which are a disgrace for your visitors.
Do you know what affiliate marketing is?
Affiliate marketing refers to advertising other product on your blog and earning revenues from that.
Once you have started doing affiliate marketing it can be a challenge for you too as now you have to posts stuffs about other’s product as well.
Affiliate marketing is a good domain, but it requires a lot of strategies and to cope up with all the issues and earn from them smartly.
Do you know the advantage of membership?
Even if you are not doing anything at the moment you will; still, get the revenue, membership perks!
Doing membership is a really good move to monetize your WordPress website and earn money and for that, you need to know the following stuff:
- Know your market niche
- Have a look at your competitors.
- Do research
- Build your community
- Add membership plugin
- Create your own content
- Launch your site
- Find your customers.
- Keep your site fresh daily posting.
The services you are providing to your customers through your website is very important as it’s your final product.
You should always keep in mind your target audience before providing any sort of services.
The key is to keep it simple and in this way you can easily, monetize your website complexity would just increase risks.
Now comes a question, what medium can be used to sell the services online?
- Contact forms
- E-commerce plugin
- Jetpack plugin
Products are often the most common and easiest way to make money. In fact, e-commerce sites are growing rapidly and earning money day by day.
E-commerce is a huge domain and is a great way to earn money these days as people are more not online shopping now instead of doing it manually.
So, why now use this technique to make money and monetize your site? Yes, you can also do advertising and sell different products through your WordPress site and earn money every second.
So, monetizing your website is not a hard task, it’s simple but required some concentration and hard work.
Research is also very important as we learn a lot from other experiences. Last but not least, please maintain some patience!