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How to Make $5000 of Passive Income Every Month in WordPress

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How to Make $5000 of Passive Income Every Month in WordPress

Are you looking for a low-maintenance side gig to generate some extra income? Selling digital downloads might be the answer.

I’ve been personally selling digital downloads for over a decade. It’s a painless way to make money because you don’t have all the overhead of selling physical goods, and you can set up an online store with little effort using a free WordPress plugin.

Let me share my experiences with you and tell you how you can make $5000 of passive income per month selling digital downloads on WordPress.

Note: Keep in mind that running an online business takes time and requires your constant attention. Selling digital downloads, however, is as close to passive as it gets.

This is a guest post by Chris Klosowski, the president of Easy Digital Downloads, the best digital eCommerce plugin for WordPress. This is an expert column that we publish every Thursday, where we invite a WordPress expert to share their experiences with our readers.

How to Make K of Passive Income Every Month in WordPress

Why Digital Downloads Are a Great Way to Make Passive Income

You’ve heard the expression, ‘No pain, no gain.’ This means that achieving something worthwhile normally requires sacrifice and hard work.

But what if I told you that you can make money with your WordPress website while you sleep?

That’s passive income.

Passive income is money that you earn with little to no ongoing effort. Think of earning interest on your savings account or renting out a spare room.

Or selling digital downloads.

Compared with selling physical products, digital downloads are a breeze. There’s no need to keep track of inventory, no running out of stock, no need to hire storage space or workers to manage it, and no shipping and handling.

Like everything, it requires a little setup. You’ll have to create or obtain the files you want to sell. And you’ll need to set up a WordPress website and install an eCommerce plugin.

Easy Digital Downloads (EDD) is one example of a plugin designed specifically for digital downloads. It lets you get started for free, and you can purchase extensions to add the features you need as you grow.

Once your online store is set up, you can continue to sell your digital product over and over again. So, the money you make will require very little ongoing effort.

You can even use automation to save time and effort and make the income truly passive.

How Much Passive Income Can You Earn With Digital Downloads?

The amount of money you can make by selling digital downloads varies a lot, depending on your skills, experience, and the type of digital products you are selling.

When starting out, it’s typical for beginners to make just a few hundred dollars a month in initial sales.

That being said, in time, it’s not uncommon for established sellers with a loyal audience to achieve $5,000 or more per month.

For example, Emily McDermott tells the story of how she made a promising $700 in her first month of selling attractive business documents. After just three months, she was making over $7,000 a month. Plus, she spends just a couple of hours a week working on her online store.

The potential doesn’t stop there. Top earners make tens of thousands of dollars each month. But this is rare and will take more effort.

This extra work may take it out of the ‘passive’ income category. But with that sort of revenue, you’ll probably want to spend more time working on your online store anyway.

A number of our Easy Digital Downloads customers have achieved this. For example, Set Sail Studios has made $236,000+ selling fonts, and Escape Room Geeks has made $390,000+ selling printable escape room kits.

Set Sail Studios Make Money Selling Unique FontsSet Sail Studios Make Money Selling Unique Fonts

Are you interested in making this kind of passive income? Your first step is to decide on a digital product to sell.

The Best Types of Digital Products for Passive Income

The best digital products for creating passive income have a high perceived value but require little ongoing maintenance. They should generate a profit and line up with your business niche.

Potential customers will only buy your digital download if it solves a problem or meets a need. A unique product in a specific niche will help you stand out and attract an engaged audience.

To create passive income, you need to choose digital products that don’t require ongoing effort.

For example, software products like WordPress plugins and themes can be quite profitable, but they often require continuing development and support. That takes an ongoing investment in time, so they are not the best options for a side gig that makes passive income.

On the other hand, a simple software program or web application that solves a common problem may be perfect. The EDD Software Licensing add-on can be used to activate the buyer’s copy of the software without your direct involvement.

eBooks are another profitable option. If your blog contains a lot of useful information, then you can easily repurpose the content as an eBook. You could create multiple books by choosing blog posts on specific topics, such as your most engaging and popular posts in specific categories.

Editing or Duplicating Posts in MPL-PublisherEditing or Duplicating Posts in MPL-Publisher

Alternatively, you may be able to repurpose the content as an online course and sell ongoing subscriptions to access the material. This offers more value than eBooks but also takes more time to set up. I will talk more about subscriptions later.

Perhaps you gained a lot of insights when you set up your business and are passionate about helping others do the same. You could sell an eBook about the key steps to creating a successful business or offer useful business documents and Excel templates.

Just make sure you choose a product you have expertise in. For example, Sam Parrett from Set Sail Studios creates and sells unique brush fonts, and this aligns well with his graphic design website.

Photographers could create a stock photo library, and designers could sell digital art products, printables, or Canva templates.

Add canva pageAdd canva page

The types of digital products that can generate passive income are endless. For inspiration, you can read about the pros and cons of many categories in this post on the most popular digital products to sell on the EDD blog.

How to Reduce Your Workload With Automation

When making passive income, you’ll want to be as hands-off as possible. In my experience, the best way to do this is to use automation to work smarter, not harder.

Luckily, you can get your website to perform many routine tasks automatically using automation.

These include email marketing, social media, customer service, admin tasks, and more. It’s simply a matter of choosing the right automation tools and setting them up correctly.

If you are using Easy Digital Downloads, then the software will automatically email purchase receipts and order confirmations to your customers. You can even personalize your automated eCommerce emails, leading to increased customer engagement.

1713560172 783 How to Make 5000 of Passive Income Every Month in1713560172 783 How to Make 5000 of Passive Income Every Month in

Using some extra tools, you can also automate your email marketing. This means that instead of writing emails manually one by one, you write them just once and set up triggers based on user activity to personalize the emails and send them automatically.

Personalized emails based on user activity are 320% more effective than generic emails.

You can set up the triggers using the FunnelKit Automations plugin for WordPress and send out the emails using a top email marketing service like Constant Contact.

Email automation typeEmail automation type

Additionally, you can use automation to reduce cart abandonment. By offering incentives and reminding visitors about their forgotten purchases, you will be able to build customer loyalty and encourage future purchases that contribute to your passive income stream.

For example, OptinMonster‘s exit-intent technology will watch the user’s mouse to determine when they are about to leave your website. It can then automatically display a popup just in time, offering an incentive to complete the visitor’s purchase.

1713560172 271 How to Make 5000 of Passive Income Every Month in1713560172 271 How to Make 5000 of Passive Income Every Month in

There are plenty of other automated workflows you can use while selling digital downloads. To learn about the best automation tools, see how to use eCommerce automation to save time and money.

Marketing Strategies to Boost Your Passive Income

I mentioned earlier that you can get started selling digital downloads by using the free version of Easy Digital Downloads. Let me introduce you to some paid marketing tools and add-ons that can help you make even more passive income.

In my last guest post, I talked about how order bumps are one of the best ways to encourage customers to spend more money on digital downloads. This is when you offer the buyer extra or upgraded products during checkout.

This is a great strategy when you are selling multiple digital products. You can automatically add order bumps with the EDD cross-sell and upsell add-on to boost your sales.

For example, if you sell music downloads and a customer purchases a song, you can offer them the option of purchasing the entire album while checking out. They may appreciate the suggestion and make the larger purchase.

Upselling Digital Products With an EDD Add-onUpselling Digital Products With an EDD Add-on

Alternatively, if you are selling your digital products through WooCommerce, then you can see this tutorial on how to create an order bump for WooCommerce.

Another strategy is to turn a one-off payment into ongoing income by offering subscriptions or recurring payments.

This is a good strategy when you are selling online training or access to cloud-based software. Subscriptions allow your customers to avoid a large initial bill and bring in ongoing revenue to your business.

Subscriptions are easy to set up with the EDD recurring payments add-on. And because it’s an automated system, you will get fewer late or missing payments.

I hope these tips help you make passive income from your WordPress website. You may also want to see these guides on the right way to create an email newsletter and the best AI chatbots for your website.

If you liked this article, then please subscribe to our YouTube Channel for WordPress video tutorials. You can also find us on Twitter and Facebook.



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14 Print-on-Demand Tips You Can’t Afford to Ignore | Printful

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If you’re looking for print-on-demand tips, you’re either just starting out or want to improve your existing store. Regardless of which you are, …

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Visual Composer review 2024: A free website builder dedicated to WordPress

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In our detailed Visual Composer review we explore this top website builder tailored specifically for WordPress users. Visual Composer stands out as a versatile and powerful plugin that lets businesses and creative individuals build stunning and highly functional websites without any coding knowledge. As a WordPress plugin, it seamlessly integrates with the platform, offering a simple drag-and-drop interface for building and customizing web pages.

Our expertise in site building and WordPress plugins allows us to provide trustworthy advice on Visual Composer’s capabilities and features. With years of experience in evaluating website builders and design tools, our insights aim to guide readers like yourself in making smart decisions about their online presence.

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WordPress Filter Tags Explained – Crocoblock

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WordPress Filter Tags Explained - Crocoblock

Is it possible to organize content on a WordPress site or blog so that it is quickly found by users and better indexed by search engines?

Of course! Use WordPress tag filters.

Tags are an underrated WordPress tool because more and more website owners and developers are using categories to organize content. But there are other ways, and tags can also help users find what they’re looking for, especially if you have a lot of content.

In this article, we will discuss tags, how they can help you, how to add them to your WordPress site, and how to use them for filtering content.

Table of Contents

Tags are an essential feature of WordPress, similar to keywords. You can combine different publications using a specific parameter, topic, or word and assign them a tag. When the user clicks on this tag, they will be taken to the section where different materials are collected, and materials that have this tag are displayed.

For example, if a WooCommerce website is dedicated to furniture, clicking on the “leather sofa” tag will allow the user to use the WooCommerce tag filter and see a page where leather sofas are collected.

This feature improves the user experience and helps search engines better understand your site’s content and relevance to potential visitors.

Both categories and tags serve the purpose of organizing content on a WordPress site. They represent two types of WordPress taxonomy: hierarchical and non-hierarchical. 

A category is a hierarchical type of taxonomy, and a tag is non-hierarchical. 

This means that while you can have parent and child categories, you can’t have parent and child tags. 

Both categories and tags are used to classify and organize content on a WordPress site, but they serve slightly different purposes. Categories are often used for broad topics or themes because you can create a broader category, e.g., “Continents,” then add a “Countries” child category there, and then create the “Cities” child category. Just like folders on your computer. 

Tags, in turn, are usually used for more specific or granular topics when nesting is not needed, or, vice versa, for very broad ones, which don’t need more specifying. For example, you have a blog with articles, videos, and podcasts about visual art. Also, you have different categories organized by movements, styles, etc. But you also want to filter posts by content types. So, you can add “Videos,” “Articles,” and “Podcasts” tags. Thus, users can select both topics and content types. Default WordPress posts have to belong to a certain category (by default, “Uncategorized”). But if you create a custom post type (CPT), it’s up to you whether to create taxonomies for them or not. If you want to add CPTs or taxonomies for them, JetEngine is one of the most advanced solutions on the market for not only creating but also managing them.

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To add tags to your publication, create a new post/page/custom post, or click “Edit” on the existing one, and then in the right sidebar, add the desired tag:

adding tag to new post

You can add multiple tags at once by separating them with commas.

Check the tags before publishing your finished post to ensure everything is correct. If you don’t understand what tag to use yet, WordPress allows you to choose from the most popular ones.

NOTE

Choose only tags that directly relate to the publication and will help your readers navigate your site.

How to Filter Content Using Tags?

Filtering content by tags is fairly easy. One can use tag filters in the following ways: adding them to a menu, using a dedicated filter plugin, or writing custom code.

Tag menu

If you want to add tags to the menus, go to Appearance > Menus > Screen Options and check the box next to tags. Now, you can add tags to the menu. 

If you use tags a lot, making a separate menu containing them is a good idea and the simplest way to create a filter by tags. It can be displayed on a sidebar on one of the pages.

adding tags to the menuadding tags to the menu

Using a filter plugin

If you want a more advanced approach to content organization and want your site to have not only tags but also filters, use additional plugins, such as JetSmartFilters.

JetSmartFilters plugin homepageJetSmartFilters plugin homepage

The JetSmartFilters plugin allows you to create convenient filters on your page and filter your site content by various parameters. 

The plugin has an Active Tags feature, which allows you to display active tags and, accordingly, see the content based on these tags. For example, users choose “humor” and “paper” tags and see books with such parameters. In the Active tags field, they can see these tags. 

In this article, you will find detailed instructions on how to set up and activate this feature.

In addition, JetSmartFilters can help you add some other functionality related to tag filters. For instance: 

  1. Remove applied filters. If you need a button that helps you remove all applied filters at once, add it with the Remove Filters feature. You can place it just in the right place, and when clicked, users can remove all the filters they have applied earlier. Here are detailed instructions
  2. Active filters. If you want to show all active filters on the page, you can use the Active Filters widget. It showcases all currently applied filters and allows users to remove those that are not relevant one by one. Here are detailed instructions on how to use this feature.

Custom code

Last but not least, you can create tag filters by writing custom code. In this article, you can find a simple example of such a code. 

FAQ

How do I add tags to my site?

You can use WordPress’s built-in feature to add tags before publishing a post or employ additional plugins. Plugins usually have more functionality for organizing content on the site.

What is tag filtering?

Tag filtering allows users to filter content by specific keywords and view only the pages and posts they want. A Tag filter in WordPress filters posts containing specific tags from your dashboard and search results.

How do I set tags?

Look at your new content’s topic and add related keywords. Choose words that will be relevant to your topic to help your users find the information they’re looking for faster. There must be frequently used words for your topic.

In Conclusion

Tags are a helpful option for quickly categorizing and organizing your content. They help users navigate within their areas of interest and help site owners deliver information correctly.

Tags are a built-in feature of WordPress that can be used without additional skills or plugins.

Of course, tags won’t replace filters or categories, but they help improve the user experience, so using them on blogs and other content-rich website types is a good idea.

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