Today’s post is a guest post from Cindy Ngo from TheMoneyDreamer. Thanks Cindy for putting together such a great post, I hope everyone enjoys it!
Are you a person that loves social media and spends 24/7 on it? If you spend that much time on it, why not make money off of it? If you want to make money online through social media, look no further! We all know that social media is one of the most powerful tools to use in our society. Millions of people spend at least 4 hours scrolling through social media – for both personal and business purposes.
There are so many ways to make money online for some extra cash. You just have to find what works for you and take action on yourself. In order to succeed, you have to be willing to put work and effort into doing it. You can just start off using social media as a side hustle to try if you like it or not. If you don’t like it, you can always switch gears and find other side hustles.
We are living in a world where technology is advancing, so there will always be something new every day. Here is how you can use the power of social media to generate profits for yourself or your company.
Pick a Platform
The first thing you should do is choose a platform that you are comfortable with or you want to master at. Sometimes people use between one or two social media platforms. There is Facebook, Instagram, Pinterest, Tik Tok, and so forth. The majority of people and businesses use Facebook and Instagram since those two are the most popular ones. However, Tik Tok is also getting popular ever since the pandemic hit.
Once you have a platform, you can do multiple things with it to earn a lot of money. You can sell your product or service, become an influencer, do freelance blogging, manage people’s social media account, affiliate marketing, or drive traffic to your blog.
With the power of social media, people become aware of who you are and what you do. You start to build your business or brand. That is how most people use social media to make money.
Sometimes starting out as a beginner it can be very discouraging and overwhelming, but by being consistent and trying to find what methods work, anything is possible. It does take a long time to monetize your account so that is why people would do social media as a side hustle in the beginning phases.
Here are ways you can start to make money on social media:
1. Sell your Products or Services
When you are starting out, you’ll need your own website and drive people to that website. In the beginning phases, it is tough to get gigs because people don’t know who you are or what business you run so you have to use social media to spread that awareness. Your service or products you are selling should be a solution for your audience. People buy a product or service if it is something that can be a solution to their problems. With so many people online, they are always finding solutions online or on social media.
If you show people how your product works or how your service helps people, people will become interested and start talking to you.
This is why social media is a powerful tool when it comes to selling your products or services because you are building a brand and a reputation for your business on how it can help people. The more you post content on your social media, the better because you are spreading awareness to the world.
2. Become an Influencer
You can make money by being an influencer and just create content for your audience. By posting different content and something trendy, you have a better chance of gaining a lot of followers. With many followers, you could also partner up with your favorite brands or companies and get paid to advertise for them. Then you get paid just for doing it.
Depending on how many followers, you can negotiate the rates. Whether you have less than 1000 followers or more than that, you can still become an influencer. It takes time but if it’s something you want to do, you should pursue it. Being an influencer can be for anyone as long as you are passionate about it and put in the work into succeeding.
3. Social Media Management
Sometimes influencers and business owners do not have time to manage their social media account or know how to use it properly. They usually are more than willing to pay for someone or a company to manage their social media account.
If you are an expert and know-how to drive traffic to their websites, people will literally hire you to take care of this job. If you are a beginner, you can still earn some money by offering your service at a lower hourly price. You should always try and make yourself stand out and offer them something amazing for them to hire you.
Once you work with a few clients, you start to get the hang of it. Before you know it, you’ll be an expert in no time.
4. Affiliate Marketing
You can promote people’s products that you like on social media and get paid a commission for them. Affiliate marketing is an easy business structure you can do through social media. All you need to do is find a product or service from a company and sign up to be an affiliate. Then you can start promoting it on social media to earn a small commission.
Another method if you don’t have many followers is to partner up with influencers. Influencers have the power to persuade their audience into buying a product. However, you might have to pay the influencer for that, or you can negotiate on splitting the commission. There are so many ways you can go about with affiliate marketing. You just have to find a strategy that works for you.
5. Drive Traffic to your Blog
Do you have a blog or plan to start one? Why not use social media to drive it to your blog to make money? Bloggers make money by driving traffic to their blogs. You can use Pinterest to drive traffic to your blog since most bloggers love Pinterest. By doing this, you can spread more awareness and increase your audience.
Now there are different methods bloggers get paid. They get paid by doing affiliate marketing, sponsored posts, ad networks, and partnership. Why not take advantage to increase your income by being a blogger? There are a lot of advantages when you are a blogger.
Hopefully, these methods were helpful to you all where you can start your online venture with social media today and earn extra cash. There is lots of income potential out there, no matter which path you choose, social media is a great way earn money from home or earn money online.
Jeff is a fan of all things finance. When he’s not out there changing the world with his blog, you can find him on a run, a Mets game, playing video games, or just playing around with his kids.