The global pandemic has effectively grounded the world, forcing us to shift our work-from-home lifestyles and investment portfolios to a remotely work environment.
The world’s best businesses have taken advantage of this disruption, establishing brand-new business models and monetising their platforms in new ways.
CEOs from Instacart to Jet.com and Google’s parent company, Alphabet, have all touted the transformative power of the pandemic.
But it’s not just the established businesses that have prospered during this time. Many small businesses have seen an opportunity to grow during the lockdown, establishing new companies, products, and services to take advantage of the new world order.
In this blog post, we’ll explore five ways you can make money online with WordPress.
1. Create and sell your own products
During the pandemic, countless consumers have discovered the power of ecommerce, establishing online stores, blogs, and many more to engage with customers and build their businesses.
WordPress features a robust eCommerce plugin that enables users to easily set up online stores that accept online payments, providing a safe and secure way to sell your own products, whether physical or digital.
This is an excellent opportunity to establish yourself as a thought leader in your industry, capable of generating sales both now and in the future as more and more consumers want to purchase your products.
2. Start an online store
If you’ve got a product that you think will resonate with a niche audience, you can set up an online store to sell your goods.
There are plenty of robust eCommerce platforms, such as Shopify, that make this process extremely easy, enabling you to focus on growing your business instead of administrating your store.
WordPress also offers a fully featured eCommerce plugin that enables users to create an online store in no time at all, without needing any prior eCommerce experience.
3. Start a dropshipping store
An online store that sells other people’s products, also known as dropshipping, is one of the most straightforward ways to make money online.
All you need is a reliable supplier that offers high-quality products at affordable prices. When a consumer makes an order, you order the product from the supplier and ship it directly to the customer. Many big name companies, such as Amazon, eBay, and Aliexpress, offer dropshipping services, which enable you to quickly get up and running as a store owner.
In a nutshell, all you need to establish a dropshipping store is a reliable supplier that offers high-quality products at affordable prices and a WordPress platform that you can setup in under ten minutes.
4. Start an online tutoring business
If you’ve got a subject that you feel is beyond your knowledge, you can use your skills to supplement your income. Online tutoring is a great way to make money educating and coaching others, whether via audio, video, or written materials.
Not only does it give you the opportunity to instruct and advise aspiring entrepreneurs and business owners, but you can also use your existing skills to provide one-on-one mentorship to other professionals looking to improve their knowledge.
To get started, you need a webcam, a microphone, and a solid internet connection. Once you’ve got that, you can get down to business, establishing yourself as a thought leader in your industry and providing customers with the guidance and assistance they need to succeed.
5. Create a YouTube channel
With YouTube, you can create highly engaging content that’ll attract potential customers and grow your audience in no time at all.
The platform offers an excellent creator community that enables content creators to connect with passionate audiences and establish themselves as trusted authorities in their industry. Plus, with the right tools, equipment, and some insider knowledge, you can completely transform your income, establishing yourself as a thought leader that others will happily pay to learn from.
You don’t need a huge budget to get started, as all you need is a laptop or desktop computer, a microphone, a speaker, and a solid internet connection to upload content to YouTube.
If you’ve got the talent and expertise to educate others on your areas of interest, you can use your existing networks to find interested students or hobbyists to help you make money online. And when you’ve got a handful of students or coaching clients, you can establish yourself as an online tutor who coaches individuals to learn different skills and topics.
How Do I Get Started?
If you’re looking to establish a new source of income or want to make some extra cash, you can use the above methods to get started with WordPress and start generating sales.
Or, if you’re looking for a more passive source of income, you can also look into investing in startups through platforms like 401k or IRA rollovers to generate small but reliable profits from a completely new and relatively unexplored area.
In any event, above all else, remember to have fun. Launching a business is a lot of work, and it can be stressful at times. But you must continue to focus on what you can control: your efforts, your product, and your pricing. Everything else will take care of itself in time.