Online business has witnessed a boom over the past few years and it is no surprise that people from all walks of life are making millions from social media sites. There are several money-making options on social media. Some methods are more lucrative than others. Every social media outlet has helped users turn their hobbies into businesses. The rise of Instagram influencers and YouTube business moguls bears testament to this fact. If you're looking to make some extra money, look no further than Opinion Outpost. Simply register with us online to begin taking paid surveys! Many brands are looking for your valuable feedback and your time will be compensated either through monetary payment or gift cards for leading brands such as iTunes and Amazon. Making some extra cash has never been easier!
But did you know there are also other clever ways to make money online in addition to registering with Opinion Outpost? There are now a number of ways to supplement your income using social media platforms such as YouTube, Facebook, Instagram, Twitter and more. Read on to find out how you can turn your social media obsession into a real money-maker:
First - build a following There are a number of ways to make money on social media: You can promote your own products or services, you can become an affiliate of other companies or you can set up a YouTube channel that comes with paid advertising. All of these strategies have the potential to become lucrative, but only if you are able to build a substantial following. You won't be able to raise any significant funds from your personal Twitter or YouTube account if you only have 10 followers. So how do you build a large social media following? According to Yahoo, to ensure social media money-making success, do the following:
- Develop a unique voice and presence: Millions of people over the world have social media accounts. It's important to make yours stand out from the crowd by offering a unique voice, perspective or persona. Maybe you want to establish a comedy sketch channel on YouTube for example, or a Facebook page that promotes your custom-made jewelry. In any case, be sure to make your services different from the competition.
- Connect with your audience: Reach out and interact with your followers - it'll make you appear more likeable, genuine and trust-worthy.
- Post as often as possible: Some of the most successful social media entrepreneurs are those who post and promote numerous times a day. It's not enough to simply post once or twice a week - you won't build a sizeable following that way.
- Be honest: We live in a confessional age, and audiences prefer to connect with social media users who are open and honest about their lives and experiences. No matter what you are promoting, try to bring this kind of authenticity to the table.
With a sizeable social media following, you will be in a better position to successfully implement one or more of the following money-making strategies:
Promote your own products Maybe you've always made jewelry or art on the side and have wondered how to drum up interest and attention. According to Entrepreneur, this is now easier than ever, thanks to social media. Simply create a social media page that places an emphasis on visual media - think Pinterest, Instagram and even Facebook. Post photos as often as possible and share the images with as many people as you can. The source noted that all images should contain links to online sites where people can purchase your products, such as Amazon, eBay and Etsy.
Create a monetized YouTube account The YouTube Partner program enables popular YouTube vloggers to make money via paid advertising, Lifehack explained. The advertisements are usually placed before the video you post and you'll get a cut of the proceedings. Success in this area is, as outlined above, contingent on your number of followers and the amount of hits you get per day. If you only have a few subscribers, then you won't make any substantial money. If, however, you are able to build a large and loyal following, this can be an effective way to make some extra cash. Indeed, there are some YouTube stars who have become so successful that it's now their primary form of income.
Promote Amazon products Lifehack reported that the Amazon Affiliate program is an easy way to make some extra cash. If you sign up for the program you will be eligible to promote Amazon products on your social pages, via promotional links. You'll receive payment if any of your subscribers click on the links and make a purchase. Again, this strategy is more likely to make you money if you have a large and loyal following.
Promote affiliate products
Whether you're in the fashion business or part of the technology industry, you can find great products to promote on ClickBank. You can also become an Amazon Associate by promoting the products of your choice and earning commission on them. However, instead of spamming your Twitter with promotional links, post honest reviews about the products you're promoting on your blog or on Facebook. Make sure you mention what you like and don't like about the product. When your followers begin to look forward to your reviews, you'll earn quick money.
Start an influencer marketing consultancy
Hundreds of brands across various industries indulge in social media influencer marketing. However, with the sheer volume of influencers out there, brands have a hard time picking out the genuine ones from the crowd. That's where your influencer marketing consultancy steps in. You help brands identify the right influencers for their campaign and guide them each step of the way – right from communicating with the influencers on a daily basis to measuring the success of the campaign.
Start a business on Instagram
Do you have a great sense of style? Are your friends always enquiring where you purchased your latest pair of heels from? Why not make a business out of your hobby? Create a business account on Instagram and start posting beautiful pictures of your latest purchases. You can buy fashion items in bulk and sell them online and earn big bucks by doing what you love.
Become a freelance social media manager
Social media is constantly evolving. Due to this, the average business owner finds it time-consuming and challenging to stay updated with the best practices that can boost their digital presence. This is why social media management is one of the most in-demand freelance specialties. Also, it pays extremely well. Most freelancers charge up to ₹50,000 per month from their clients for daily updates and responding to customer service concerns across all platforms that their clients are present on.
Sell your Instagram photos
If your Instagram uploads are really breath-taking, you can post your pictures on different photography sites like Shutterstock and Foap. These sites not only give you a chance to show off your pictures, but also display your work to a large audience who are willing to pay good money for excellent photos.
Even though it’s a relatively new industry, there are already a number of ways to make money with social media. Every major social media outlet has in some way helped users turn their hobby into a business or turn their business into a bigger business. Here are 15 common ways people make money with social media.
1. Tantalize Customers With Your Product On Pinterest
Small businesses can benefit in big ways from getting users to “pin” photos of their items on to their Pinterest boards. Create an account, engage in the community by pinning other people’s photos and upload photos that entice people to buy your product.
2. Run An Online Instagram Shop
If you have items that would be attractive to Instagram users, it’s relatively pain-free to set up a shop by connecting your account to the service inSelly. WikiHow has a great guide walking you through all the steps.
Twitter and Facebook can be great ways to show off your language and grammar skills. Prove yourself to be adept in the language of your choice to get yourself hired to write for a living.
Editors in particular have found success marketing themselves on social media, since services like Twitter and Facebook are great proofs of concept for their skills with the written word
5. Manage Social Media
There are a lot of companies seeking someone to handle their social media presence. Sadly a fair share of those positions are internships, but there are also many paid opportunities out there. Search “social media” on job boards to find results in your area.
6. Comedy Writing
A lot of new comedians birthed their career on Twitter. 140 character jokes or funny insights can gain you a lot of attention, so if you’re a particularly clever wordsmith consider giving comedy a shot to make money with social media.
7. Creative Writing
Fantasy author Neil Gaiman broke ground with A Calendar of Tales, for which he asked his large Twitter following to submit questions and turned some of their answers into short stories. You can do something similar that involves interacting with your audience, or even serialize a whole novel or short story over many posts.
Anyone can become a renter via Airbnb, which gives users a chance to rent places to stay in 190 different countries. Fast Company has a great write-up on how someone made a six-figure income through Airbnb.
9. Monetize A YouTube Channel
Not only can you make money with social media, you can turn yourself into a phenomenon. Just ask Grace Helbig, who’s developed a large audience through the hilarious videos she posts every week. She makes a significant sum just off ad revenue from her YouTube channel.
10. Become An Amazon Affiliate
When you join Amazon’s Affiliate Program, any sales made from a link you provide to Amazon will net you a small percentage. Cultivate a following and promote specific items on your blog, then include an affiliate link to the item on Amazon so that when a follower purchases something you’ll get paid.
11. Promote Posts
Get your sales pitches in front of more eyeballs with promoted posts, available through almost any social media service. It’ll cost you a little cash, sure, but it could net you huge rewards.
12. Sell Your Art
Tumblr and Instagram (Tumblr especially) are great places to post original artwork and get a lot of responses and shares. If your art starts going viral, you can turn that interest into income by selling prints and other merchandise through an online store like Etsy or Big Cartel.
13. Sell Rights To Your Photos
If you take good enough photos, people will pay you to use them! Flickr is a popular place to view photos, and this WikiHow explains how to sell the photos you’ve posted there. You can also license them under Creative Commons, which won’t net you any money but will expose your photographs to a wider audience.
14. Demonstrate Your Musical Abilities On SoundCloud
SoundCloud is one of the best places to get your music noticed, and I’m not just talking about the near-impossible goal of becoming a rock star. If you know how to come up with a catchy jingle, you can post it on SoundCloud to get clients flocking to you to create music for their commercials, radio ads, etc.
These are just the known ways to make money with social media. The field is so new that many more avenues are likely to open up in the future. Consider how you can utilize social media services to grow your career or even create a new one altogether!
Social media entrepreneurship has the potential to create several millionaires. The above-mentioned five tips are just a few ways in which you can make a good living through social media.