One of the biggest desires of all the people on social media today is to make money. Long ago, most of the people on social media were there just for the social experience. However, since social media space became commercialized and monetized, people are making money these days. In this article, we are going to discuss how to make money with social media.
1. Monetize your social media content.
This is the most common way of making money with social media. Actually it is the most common way of earning with social media. It is the most convenient as all you need to do is to make the best quality content and then let the social media do its thing.
The way this works is you publish your content on social media platforms that have the partner program. The partner program allows content creators make money from their content. The way this works is that advertisements play alongside your content. Then the social media company pays you a portion of that advertisement money.
The more views your content gets the more money you make. The reason for this is that the more the views the more the ads that play alongside your videos. Hence make good content so that you can get way more viewers.
2. Selling merchandise on social media.
Another major way that people make money with social media is by selling merchandise on social media. If you have your products and you are looking for customers, then believe me social media can get you customers. You can use social media to get so many people to buy your products. You just need to promote your products to your audience and then tell them where to buy them. The products do not just need to involve actual tangible goods but can also involve be digital products.
Digital products are things like ebooks, audio, manuals, guides and much more.
3. Offering and charging services on social media.
Another major way you can make money with social media is selling services to your audience. Say for example you are a web developer, you can offer those services to your audience. Maybe you are a teacher, lecturer, graphic designer, web designer, video editor etc. You can offer and sell all these services to your audience on social media. The fact that your audience familiar with you, they are more likely to hire you than some random stranger online. Just make sure that you do not betray their trust.
4. Affiliate marketing.
If you have a large social media following, you can go to some affiliate website, create an account and get your affiliate links, then promote those affiliate links to your audience. When your audience clicks on those affiliate links, you get paid for the clicks by some affiliate companies. When the people who click on your links actually buy the products, then you get paid by the affiliate company for the sale. The amount you get paid is usually the indicated commission. Some other affiliate companies allow you to mark up the price and set your sale price.
5. Posting Sponsored Posts on your socials.
Another major way that you can make money with social media is posting sponsored posts. This is whereby some business or individuals who want to promote something pay you to post about them/their product on your social media. When you post for them, they get the publicity and the marketing and you get the payment. You know a win-win situation whereby you provide them with marketing and they pay you.
6. Using social media marketplaces like Facebook marketplace.
Social media platforms like Facebook have features like marketplaces. You can use this marketplace to sell and even promote your products to audiences. Many people in the world today find, discover and buy all kinds of products from Facebook marketplace. This is in addition to many other social medial platforms. Do not miss out on such great opportunity.
7. Super Chats, thanks and donations.
These days social media platforms have created so many features that allow you to make more money from your audience. Such features include “thanks” feature that your audience can use to give you some tips for the good content. Another feature is the super chats whereby your audience pays to have their comments pinned at the top or highlighted. In addition to that, there are other features like donations whereby people can just donate money to you. I mean the opportunities are endless.
8. Crowdfunding such as gofundme.
You can also use your privilege of having access to so many people to get them to crowd fund you. You can create your account and get your link. Give that link or user id to your audience and ask them to go there and crowd fund for you. However, what i advise about crowd funding is do not do it regularly and do not take advantage of your audience. Let the reason for the crowdfunding be a genuine one and not every time asking people to give you money.
9. Buy Me a Coffee, Patreon and more.
You can use platforms like buy me a coffee and patreon to get your loyal fans to tip you, fund you, buy you things and even buy some of your special features. A lot of content creators these days use platforms like patreon to sell special featurettes to their audience. Not just that but also an opportunity for their fans to show love.
10. Selling premium & limited access content.
Another major way that content creators make money with social media is selling premium and limited content. Most major content creators post a lot of content on their social media regularly for free but from time to time, they post premium limited access content. The reason for this premium content with limited access is so that the audience can pay for it. As much as they watch the regular free content, they can pay just for this one limited.
You too can use the premium content feature to sell some of your content to your audience. The secret is not to make it the order of the day. Most of your content needs to be free. Let the premium content be the fewer content. Just a few of the many posts.
Conclusions.
We have taught you 10 ways on how To Make Money With Social Media. Choose the ones that work for you and start earning. The most important thing you need to know is that social media success is not a one day thing. You do not just create a social media account and allover sudden start making millions. It takes time and it takes a lot of commitment and patience. Know that this is a journey but when you get there its very rewarding.
