We launched a new Recurring Payments feature for self-hosted WordPress.org sites (powered by Jetpack) or WordPress.com sites today. It’s an awesome new way for anyone with a paid WordPress.com plan to earn money through their sites.
Our new Recurring Payments feature for WordPress.com and Jetpack-powered sites lets you do just that: it’s a monetization tool for content creators who want to collect repeat contributions from their supporters, and it’s available with any paid plan on WordPress.com.
Let your followers support you with periodic, scheduled payments. Charge for your weekly newsletter, accept monthly donations, sell yearly access to exclusive content — and do it all with an automated payment system.A New Way to Earn Money on WordPress.com — The WordPress.com Blog
The model is similar to Patreon in that you can give your fans a way to support you with recurring payments. This is a great way to build an income through your site.
Here are a few things you can do with this new feature (borrowing from our announcement post):
- Accept ongoing payments from visitors directly on your site.
- Bill supporters automatically, on a set schedule. Subscribers can cancel anytime from their WordPress.com account.
- Offer ongoing subscriptions, site memberships, monthly donations, and more, growing your fan base with exclusive content.
- Integrate your site with Stripe to process payments and collect funds.
One reason I really like the Recurring Payments feature is that it gives anyone with a paid plan (whether it’s a WordPress.com Personal plan, or a higher plan) a way to create a membership site that can help them grow a following, and a new income stream.
Ad revenue is a popular way of earning money through your site (we offer a WordAds ad platform, for example), but ad revenue really depends on substantial numbers of visitors to turn into meaningful income.
On the other hand, receiving recurring payments from a smaller group of passionate supporters just seems to be more sustainable, and meaningful.
It’s hard to be creative when you’re worried about money. Running ads on your site helps, but for many creators, ad revenue isn’t enough. Top publishers and creators sustain their businesses by building reliable income streams through ongoing contributions.
This new feature empowers creators, bloggers, knowledge workers, <insert your title here> to share something of value with your audience, and build a sustainable business in the process.
Find out more here: Recurring Payments — Support — WordPress.com.Featured image by Nicholas Green