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Do you know you can make lots of money on social media without selling any products? Do you have lots of social media followers, and do you want to turn those followers into dollars? If your answer is yes, then this is what you need to know.
Right now, people are making a living on social media without selling anything. We’ve all seen those profiles of seemingly regular people with tons of followers. It always seems as if they’re traveling or doing something fun. But what exactly do they do to fund this fairytale lifestyle? They are social influencers.
This is what you need to know before you start making money on different social media sites. You have to:
It is good to diversify but again, be better at one thing. Decide on one platform that you are going to prioritize the most. Which one is it? You can choose from this list:
Ultimately, you’ll want to have profiles set up on as many social networks as possible, but one needs to be your bread and butter.
It is important to do your research to identify the platform that will suit you. Then, start with it and grow the rest as you continue earning. For example, research shows that nearly all social influencers work on Instagram.
In the process, ensure that your other social profiles enhance your brand’s image and ultimately expand your reach. Then, use them to grow each other.
One best way to make money on social media is by becoming a brand influencer. You can become an influencer by joining networks made for influencers.
Brandwatch is a great place to start. If you join one of these networks, it will be easier for brands to find you if they have a product or service related to your content.
You can handle all the communication between you and the brands on this platform.
Brands will only want to work with you because of your high engagement. This is because, in 2019, brands names engagements as the top metric for measuring the success of influencer marketing campaigns.
If you want to make yourself more appealing, you can show brands how high your engagement rates are with your followers. Engagements are comments, tags, views, and shares your content gets. Engagements not only create visibility but enhance the quality of your account.
Now that you have a platform ready, I have to ask,
It could be money. It could be freedom. You decide. Come up with a visceral response to these questions and put it down on paper. Then, when business gets tough (and it will), you can go back to your purpose for an extra.
You have to do this to ensure that you can achieve something concrete and measurable. So, with all that said and done, now that you know what you’re working toward and why you’re doing it, let’s get into the action steps.
After all, is said and done, here are four great ways to make money on social media. It is essential to know this because it plays a major role in diversifying as a digital marketer or social influencer.
You can:
Affiliate marketing is a gold mine if you want to earn on social media platforms. You can find great products to promote on ClickBank regardless of the industry you’re in.
And if that doesn’t quite jive with you, you can also become an Amazon Associate, promote products of your choosing and earn commissions — Amazon has no shortage of products.
Other companies that have affiliate programs that you can choose from include:
Note that these networks will have criteria that you have to meet to join. Again, instead of spamming links on any social media platforms and hoping for the best, keep in mind that reviews are the most honest and effective way of promoting affiliate products.
Also, make sure to disclose your affiliate relationships. In most cases, this is a legal requirement, but it’s also “best practice.” Your readers or viewers will appreciate your honesty.
There are many opportunities for you to share sponsored posts that promote the products and services of other businesses. This is a straightforward way of earning money from social media.
It’s important to mix things up. It’s wise to take the time to craft a proper social media posting schedule to make sure you’re adding value to your followers while promoting products.
Calls to action should be a part of your social media strategy, but every post can’t be a call to action.
Building a popular YouTube channel can be a lot of work. But if you already have a following or are determined to build your audience, joining the YouTube Partner Program to make money on advertising might be a path worth exploring.
There are prominent YouTube content creators who have made substantial money with this program, but they are the exception rather than the rule. It would take a lot of time, strategy, and sheer luck to make money on YouTube. However, this is a good thing to keep in mind with advertising in general. Unless you’re already getting a lot of views and clicks, you’re not going to make a lot of money on them.
This is another method of promoting other people’s products. It’s prevalent on blogs and networks like Instagram. Typically, you’ll earn a flat fee for publishing a post about a particular product. Brands that pay for sponsored posts usually want to maximize their reach. It means you’ll need a sizeable following.
How do you land these posts? You can reach out to brands directly if you have enough leverage. Alternatively, you can use a network that connects brands with social media influencers. IZEA is an attractive option.
Information products have an enormous market right now. What are some examples of info products?
Don’t you need a website to host these digital products? Not necessarily. You can set up sales funnels without a website. All you need are landing pages and an email management system.
Some platforms host your online courses for you. Thinkific, Teachable, and Udemy are excellent options.
Do you have a skill that you do exceptionally well? I’ve got news for you. There’s someone out there willing to pay you for it. So create a few service packages based on your skill and market them on your social media networks.
Want some ideas?
Here is the most exciting part now; the focus is on how you can monetize these four big giants (Facebook, Instagram, Twitter, and YouTube). This is what you need to know for each platform:
Twitter offers two video monetization programs, Amplify Pre-roll, and Amplify Sponsorships. These programs were created to make it easy for publishers to monetize video content on Twitter and turnkey for advertisers to align with brand-safe content.
Twitter Media Studio lets you place in-stream video ads and in-stream video sponsorships right into your brand-safe Twitter video content so that you can earn money directly from the platform.
The good thing is your mobile videos can be uploaded and opted into the Amplify Pre-roll program via the Twitter app on iOS and Android. That is one way of making money on Twitter, and you can find more information here.
Again, you can generate traffic for your website.
Even if your business doesn’t sell products, you can still use Twitter to generate traffic for your website or generate more leads for a service-based business.
For instance, as a blog writer, freelancer, chef, or mum, you can share some of your posts on Twitter to let your followers know about the latest in your niche. That way, you can get leads, and if you have Google Ads on the website, you can make a couple of bucks.
Monetize Your YouTube Presence. On YouTube, creators can monetize their channels, placing ads in their videos and live streams. When an ad is watched or clicked, the creator makes money from those advertisers.
And… You can do that too!
A few years ago, YouTube rolled out the YouTube Ad Media Studio, letting content creators monetize their presence on the platform.
This monetization form lets you place in-stream video ads and in-stream video sponsorships right into your brand-safe video content so that you can earn money directly from the platform.
It is important to note that for you to qualify for monetization on YouTube, you need 1000 subscribers and 4000 watch hours.
To earn more, one needs to create more quality videos and share them out regularly. You can always post the links on other social media platforms to get views. We will learn more about creating YouTube channels and how to run them successfully. For now, just know it is a gold mine that anyone can tap in.
Anyone from any region in the world can make money on Facebook. Whether you choose to sell products and services or promote and create brand awareness, Facebook offers features to enable you to do that.
Facebook has a ‘what’s on your mind’ section, and here, you can compose a post based on what you intend to sell or the services you offer. Pictures and images can be included here; friends on Facebook will see what you post, and so can other people across the Facebook community.
Selling assets like cars, real estate, and footwear can easily be made available to people on Facebook, provided you modify your post to “communicate” about your brand on your behalf.
Apart from composing posts to attract clients, joining local selling and buying groups is a game-changer on Facebook. Facebook offers a way for you to share posts in various groups.
Before posting your post in a group, Facebook will offer to share the post with other groups before it goes live. For example, garage sales and automobile groups are very common on Facebook.
This is perhaps the best feature that allows you to sell and buy products via Facebook. All Facebook users have access to the marketplace feature. So when you put products to be sold on the marketplace, all Facebook users can easily see it. This means that you have millions of customers viewing your product, and if at all they are interested, you get yourself, potential customers.
Certain online services are worth telling a friend about. Many companies have discovered this form of advertising, and that is why they are willing to pay people on social media just to refer a friend.
Rakuten, for instance, offers huge refer-a-friend bonuses via social media. By using Facebook, you can invite a friend to join specific platforms or use certain services to earn bonuses.’ Although referral services vary from region to region, be sure not to fall victim to an online scam.
Facebook has a job board where any individual can find job opportunities. Many companies will advertise open positions on Facebook via the jobs tab. Both full-time and part-time jobs are available in various fields. Apart from using the jobs Tab, many companies will offer links to online job leads. Be careful not to be scammed.
Anybody who is not camera shy can create videos on Facebook. For example, you can create videos that show how to use certain products in real life or what professional services you can provide. In addition, many people offer live stream videos, and it’s no longer a matter of relying on YouTube alone but Facebook.
Google is the largest search engine in the world, and there is no doubt that we all rely on it in our day-to-day needs. But did you know that you can make money with your search engine by connecting it with your Google AdSense account?
AdSense is a free program that gives you a fast and easy way to display relevant Google ads on your result pages. Then, when users click on an advertisement in your search results, you get a share of the ad revenue.
This kind of monetization is well utilized by blogs and websites that earn millions of dollars every month. Don’t you want to be part of this big AdSense industry? As a millennial, you can earn from google by creating a website and monetizing it. You can choose to create a blog or website using content management systems like Wix and WordPress and start earning right away.
It would be best if you did the following:
First, create the correct type of website for Google AdSense.
Certain types of sites perform better than others when generating Google AdSense revenue. The two things you need to make money with AdSense are great content and a lot of traffic. Sites that are perfect for content that attracts new and repeat visitors include the following:
While these are not the only types of sites that you can create, they are the easiest ones to optimize with great content, promote, and find a layout that works well with displaying content and getting clicks to your Google AdSense ads.
Once the site is up, all you need to do is apply for google AdSense, and once it is approved, holla! You are on. The ads will start running after a week. The best thing about this is the more clicks you get, the more you can earn. So it is worth a try. It is one of the greatest ways to make money on social media.
Instagram is a very user-friendly social media platform. After Facebook, it is one of the most visited platforms. This growth has been the unique content on the platforms (Images and Captions). This has made it one good site that you can monetize if you are into traveling, blogging, food, and any other niche.
Here is what you need to do to start earning money on Instagram;
By reaching converted influencer statues, one can easily earn a fortune from Instagram by promoting products and influencing various brands. Influencers are people with a large base of followers; they spend a lot of time cultivating an audience through frequent posting of ideal content. As a result, the followers are faithful to the influencer, and if the influencer recommends a particular product, most of their followers start using the product.
Many brands s make use of influencers. To be an influencer, you need to attract many followers by posting content that encourages engagement from your followers.
Affiliate programs on Instagram offer you an opportunity to earn from every sale you make. The difference between an affiliate and an influencer is that an affiliate aims to get a commission from every sale made. An influencer aims at creating brand awareness.
Affiliates are provided with a unique link or a promotion code to keep track of the sales they make. Being an affiliate requires one to have marketing skills. Selling a product needs careful engagement with your followers, which means you need to sharpen your social skills.
On Instagram, many people will be attracted to what is good and beautiful has been referred to as a visual platform since many beautiful products and photos attract more sales.
If you are an artist with beautiful paintings and drawings or a graphic designer with classic designs and posters, Instagram is your platform.
For photographers, taking high-quality photos and other virtual products and selling them on IG will earn you money. In addition, you can use IG to promote your photography portfolio using hashtags.
You can sell physical products on Instagram. Be it products that you make by yourself or acquire from suppliers. IG eCommerce world is vast. By the year 2020, it was possible to set up an Instagram shop. Use tags on images that can then direct clients to your product pages.
Final thoughts
These are just some of the many ways you can make money with social media; there are plenty of other money-making websites for you to explore. It’s important to remember that making money on social media isn’t necessarily easy. However, if you have an entrepreneurial spirit and are willing to work hard, test, and experiment, your chances of success will be far greater than the chances of those who just want to “give it a try” to see what happens.[/vc_column_text][/vc_column][/vc_row]
