Updated: Aug 24, 2021
Many people do not use social media to learn something or to make money and instead spend hours procrastinating over it.
Social media is an indispensable part of many people’s lives. With 3 billion users on all social media platforms combined, the potential to make money is endless. Yet we spend hours mindlessly browsing or trying to show off to a few friends. That is the worst possible way to use social media - not only does it waste your time but also negatively affects your mental health.
Making money on social media is simpler than what most people think. The trick is to not focus on the number of followers you have but rather be consistent. Consistently produce high-quality content, create a name for yourself, win the trust of your potential customers and followers will always come through. Here are a few ways to make money on social media -
Promote other brands - Brands may reach out to you or vice versa to promote their products/services to your audience. Set your own rates for every promotion and with a larger audience, you can charge a higher amount.
Affiliate marketing - This is very similar to promoting a brand’s product except you earn commissions for every sale that is made through your affiliate link. You can start by being an affiliate with Amazon.
Sell your products - Social media gives you a platform to market your physical or digital products. “Shop” features and paid ads are designed to help you sell more. Paid ads require initial investments but you set your own budgets for the ads.
Sell your services - Similar to products, you can also sell your services through Social Media. Be sure to establish yourself as an authority in a subject before you start selling to your audience.
Copywriting - An in-demand skill that needs you to show off your language and grammar skills. Prove yourself to be adept in the language of your choice and get hired to be a copywriter for other brands.
Social media management - Create content, build an audience, engage with the community, and establish a presence for other brands that seek a social media manager. You can even choose to do this as a side hustle.
Social media consultation - An alternative to being a social media manager, you can harness the skills you’ve gained while growing your community and audience by helping brands and companies do the same as a consultant.
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