There’s never been a better time to start a WordPress store. With so many different ways to make money, it’s easier than ever to get started. In this post, we’ll go over 7 different ways that you can make money with a WordPress store.
There are a variety of e-commerce software programs available on the market today. These programs can help you to create and manage your online store, connect with customers, and generate revenue. Some of the most popular e-commerce software programs include Shopify, BigCommerce, and Woocommerce. Each program has its own set of features and advantages, so it’s important to decide which one is best suited for your business before you purchase it.
Once you have selected an e-commerce software program, be sure to study the different costs associated with running a store through that program. These costs may include fees for hosting, domain names, and email addresses. Once you have calculated these costs and added them to your overall budgeting process, you will be able to conduct a successful online business with cost-effective e-commerce software!
How Can I Earn Money With A WordPress Store?
WordPress is a popular content management system that allows you to create a website or blog from scratch, or to improve an existing website. You can also use WordPress to create a store, which is a way to sell products or services online.
To open a WordPress store, first decide what kind of store you want to open. You can open a physical store, an e-commerce store, or a hybrid e-commerce and physical store. Then choose the platform and tools that best suit your needs.
To create a WordPress store, you need access to a hosting account and an active WordPress site. You can find affordable hosting plans and domain names through sites like HostGator and A2 Hosting. Once your site is set up, you need to add products and start selling them through your WordPress site. There are many ways to sell products online using WordPress: through WooCommerce plugins for both Shopify (the default theme for most WordPress sites) and WordPress; eBay integration; social media platforms like Facebook Sell; or even just listing your products on a public webserver.
Use cost-effective e-commerce software to conduct online business
Is there a low-cost way to launch an enterprise-level online store? The solution is to use WordPress.
WordPress, a free open source software, is now used to power more than 35% of the world’s websites. Although this website builder is commonly used to create personal blogs, it can also be used to establish a business on the Internet. Simply by adding e-commerce plugins to the original WordPress website, you can transform it into an online store for trading. The WooCommerce shopping cart system is one of the most well-known plugins. This e-commerce plugin is currently used by approximately 3.9 million online stores worldwide.
WordPress + WooCommerce is a good and low-cost combination for setting up a store
Many people consider using the services of a store opening platform such as Shopify or Shopline when starting an online store. These platforms, however, will charge a monthly fee or a commission on order transactions. This can add up to a significant financial outlay over time.
If you’re on a tight budget and want to open an online store, WordPress and the WooCommerce plugin are an excellent choice. Automattic, the parent company of WordPress.com, manages WooCommerce directly. Because it is also free and open source software, it has attracted a large number of third-party developers, who have created a number of useful e-commerce plugins.
How to Create a WooCommerce E-Commerce Site
WooCommerce is a WordPress website builder support plugin that normally requires WordPress to be installed before it can be added and set up. Many web providers, however, provide eCommerce hosting plans that allow users to install both WP and WooCommerce with a single click. This is an appealing benefit for newbies to the web. You can rent this form of e-commerce web hosting from Bluehost or SiteGround, both of which are explicitly recommended by WordPress.
There are 7 different ways that you can make money with a WordPress store. Let’s take a look at each one in detail.
| Model | Application Method | Remarks |
|---|---|---|
| 1. Traditional Online Shop | E-commerce website – suitable for building your own brand | Products can be displayed in different online retailers alongside one another. |
| 2. Dropshipping Model | To earn the price difference, upload AliExpress products and have them dispatched by suppliers. | Zero inventory, direct shipment from the manufacturer |
| 3. Print On Demand (POD) | Print-On-Demand T-shirts or customised items for sale | Notify the supplier to print the products once an order is received. |
| 4. Online Course Platform | Installation of LMS Learning Management System | Build a knowledge-based teaching platform to earn high membership and course fees. |
| 5. Digital Download Store | Online sales of e-books, software, videos, and artwork | Ideal Source of Passive Income |
| 6. Affiliate Marketing Store | Earn commissions by placing affiliate products in online stores and placing promotional links. | Promotional items can be listed manually or automatically using software. |
| 7. Group Buying E-Commerce | Transforming Traditional Online Stores into group buying platforms by offering group discounts | Use limited-time promotions to boost your sales rate. |
1. Traditional Online Store
When you add the WooCommerce plugin to your original WordPress website, it transforms into a typical eCommerce Store. Online transactions for buying and selling are possible.
Your own eCommerce website is beneficial not only for developing your own brand, but also for improving product exposure by matching the sales channels of other online businesses such as Amazon.
Furthermore, depending on your demands, you can install some additional auxiliary plug-ins to help manage sales channels between product shelves and inventory. Amazon and eBay integration, for example, for WooCommerce.
2. Dropshipping Model
This is a direct shipping e-commerce model that does not require prior purchase of goods for inventory, and orders received are directly arranged by the supplier to ship to customers. Dropshipping merchants often use a major source of product suppliers like AliExpress to sell their products in their own online stores, and have the other party directly arrange the shipment.
In practice, you need to find suitable products on the supplier platform, upload and transfer the relevant information (product images and text descriptions) to your own online store. But if you have a large variety of products on your store, it can be a tedious task.
However, if you use WooCommerce to open a store, you can find many plugins that support direct shipping, providing bulk import of supplier product images to the shelves, as well as subsequent automatic order transfer and inventory management functions.
3. Print on Demand (POD)
A POD store is a dropshipping extension in which the customer chooses a design, gets it printed directly onto a specific product (e.g., T-shirt, cap, mug, phone case), and then ships it directly to the consumer for you.
These POD print-on-demand products can be added manually to your WooCommerce store, but there are also plug-ins for certain service platforms that can help you extend your product line to your own e-commerce website.
These software plugins are compatible with POD platforms such as:
- Printful
- Printify
4. Online Course Platform
Online course platforms are a great way to teach online courses. They allow you to create an online course that students can access from any device. Platforms also offer some great features for marketing your course. For example, they can provide a way to manage student submissions, track student progress, and generate reports.
Udemy is a website where people can learn how to do things. There are many courses on Udemy, including ones about making money. You can open a store on Udemy and sell products that you create yourself or find products that other people have created and sell them.
An LMS will be required to run this type of teaching platform (Learning Management System). LMS frequently delivers the following critical functions:
- Management of enrollment and subscriptions
- Dripping material – control over the opening of certain content based on learning progress
- Protects course content by preventing others from downloading or destroying file data.
- Course module online quizzes
- Discussion board for students
- Payment System for Shopping Carts
WordPress also features a variety of LMS learning management system plug-ins. After installation, LearnDash or the free LearnPress, for example, can be converted into a self-operated teaching platform.
5. Digital Download Store
E-books, artwork, photography, films, music, and application plugins are among the various sorts of digital products accessible for download. These digital things, however, can also be sold through the WooCommerce store. However, for such products, there is a free Easy Digital Downloads (EDD) plug-in available.
EDD includes the following features:
- File data protection to prevent unauthorized downloading
- Control of software license keys and expiration
- Payment process for digital goods purchases has been simplified.
6. Affiliate Marketing Store
With the ever-growing popularity of WordPress, many people are starting their own blogs or websites. However, not everyone has the technical know-how or creativity to create a website from scratch. That’s where online marketing comes in! Affiliate marketing is a great way for small business owners to earn money by promoting other businesses’ products and services.
There are many different ways to set up an affiliate marketing store. You can open an affiliate marketing account with a major online marketplace, such as Amazon or eBay, and sell products from that marketplace. Sophia has previously described Affiliate Marketing. Many of them receive results and bonuses through blogs or social media outlets. In reality, we can employ the online store sales approach as well. Affiliate marketing products, like conventional product listings, are first promoted on the internet store. If a visitor clicks on the product link, they will be sent directly to the vendor’s product page, and you will be paid a commission if a sale is made.
In addition to manually listing your products, if you require more advanced applications, you may use Datafeedr’s data connection and administration functions, which will automatically transfer products from the affiliate marketing platform right into your WordPress store. It will also handle pricing adjustments and inventory management in the future.
7. Group Buying E-Commerce
There are several ways to make money through e-commerce. One way is to sell products that you create yourself. This can be a great option if you have a talent for crafting or design, or if you have access to unique and hard-to-find products. You can also sell products that you find on other websites. This approach is known as group buying, and it works best when there is a large demand for the product. Group buying sites allow you to join forces with other buyers to purchase large quantities of products at once, which saves you money on shipping costs. Running a group buying platform frequently necessitates the installation of some extra features, such as:
- Product pre-ordering
- Purchase with a time limit and a countdown clock
- Plan a group purchase to meet the goal quantity.
- Email updates on group purchase progress Refund method if the aim is not met
The good news is that existing WordPress sites can be converted into group mothers or Mr. Group Purchase agents by installing a group buy plug-in (e.g. WooCommerce Group Buy and Deals).
How much does it cost to put up a WordPress online store?
Setting up a basic WordPress e-commerce store is often not expensive. You can get it done for around $11.99 per month if you use A2’s e-commerce hosting plan. Furthermore, some of the 7 WP store opening ways discussed above necessitate the installation of additional plug-ins, which may demand money, but if you are on a tight budget, you can simply locate free plug-ins to replace them.
How to Run a Successful WordPress Online Store
Internet traffic is where the money is, and knowing how to drive traffic to your online store is the difference between success and failure. One of the advantages of WordPress website software is that it is search engine friendly; the material on the website can easily perform well in Google search rankings (SERP, Search Engine Results Page).
Furthermore, using a search engine optimization plug-in, such as Yoast SEO, can assist you in optimizing your product pages for SEO, making it easier for Google to find your store. Advertising is another easy strategy to increase traffic. To begin, purchase sponsored ads on Google or Facebook to drive visitors to your store. If you can create profits, then invest more in advertising to increase your chances of profit.
Conclusion
Using WordPress to set up an online store is not only very inexpensive, but also incredibly adaptable in terms of e-commerce function growth, which is not comparable to other store launching software or platforms. As a result, whether you install WooCommerce or other e-commerce plug-ins, the low-cost and full-featured WordPress store will be an excellent target for online entrepreneurs. There are a lot of ways that you can make money with a WordPress store. The key is to find the method that works best for you and to get started quickly.