How to Diversify the Income Streams on Your WordPress Website
As a WordPress website owner, it’s easy to develop tunnel visison when it comes to generating revenue. If you have one main way to earn money with your website, you might invest all your efforts into that single avenue. While that’s not generally bad advice, you may find you have painted yourself into a corner revenue wise and that it’s time to diversify your income streams. After all, there are a number of other ways to make money with your site. To help you do so, today, we’ll be exploring some of those other possibilities, discuss who they are most suitable for, and compile tool and plugin suggestions to help you hit the ground running. Let’s go! Why is Income Diversification Important? There are a number of reasons why diversifying your income streams matters. Let’s review a few of them now. Building a buffer for tough times — First, more income streams provide additional secuirty. If one stream of income dries up, you have others to fall back on. This is especially important if your website is your primary source of income.Increase revenue — Diversifying your income streams can also lead to a better bottom line. By offering multiple products…
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