In this guide, you will exactly know how to make money from Social media.
But before that, let me ask you a question, how much time do you spend on such sites?
Do you know, on an average, a person spends 2 hours every day on social media? That’s a heck lot of time.
Now, it may differ person to person.
But think about it, what’s the use of wasting so much of time when you can do something productive?
Instead of spending your time on such sites, why don’t you do some side hustle that can pay you well?
According to Instagram influencer app Takumi, influencers with a minimum of 1,000 followers can make up to $50 a post for a brand. Other influencers with more than 5,000 & 20,000 followers could charge roughly $97 & $390 a post.
So, there is a lot of things going on in social media which can help you to make a good passive income & who knows you could even do it full-time which gives you more independence.
Therefore, if you are already spending most of the time on such sites and are looking to turn it into a business, then here’s everything you need to know.
- 7 Online business ideas you can start to make money with zero investment
- 5 ultimate online jobs that pay up to $10/hr
HOW MUCH MONEY CAN YOU MAKE FROM SOCIAL MEDIA?
Making money from social media or online doesn’t have any limit. You can either make $0 or can make more than $2000/mo as well.
It all depends on how much work you are putting in & how smartly you are doing it. If you really want to be successful in making money from social media, you first need to put an effort into gaining engaging followers.
Now, why I mentioned engaging followers?
Because merely hitting big numbers isn’t of any use. There are people buying followers from different sources which are great if they want to shine their follower count.
But with such followers, there is less to no engagement. They won’t be taking any action on any of your posts because they are not interested to be fair. So, that is why you need to work smarter.
Now, what I recommend, is to first decide what you are planning to do? What niche you are going to target with your social media handle.
Once you know your ideal niche, then create your profile and share good post’s or anything related to that niche so that you can attract an engaging audience.
Once you gain a significant amount of followers that actually care about what you are posting. That’s the time, you need to start promoting your own stuff to make money.
10 METHODS ON HOW TO MAKE MONEY FROM SOCIAL MEDIA
1. MAKE MONEY FROM PINTEREST
If you are not aware of Pinterest, then you should, because it is one of the best platforms where you can sell different products to make consistent sales.
Pinterest garners more than 200 million users per month which is a lot. Out of which, 92% of users are always looking to buy something according to Pinterest statistics.
Having such a huge buying audience is a great way to make money by promoting your affiliate or your own products on Pinterest.
But before promoting anything, you must know how Pinterest works?
The easier explanation to this is, you need to create vertical images for your product. These images act like a banner which attracts visitors.
Once your image has drawn the attention, most probably those visitors will click that image to check it out.
Now, this image will be linked to the affiliate link of your product which means as soon as they click it, they will land on the sales page of that product.
If they find it compelling, they will surely buy it and you get some commission.
However, the result won’t happen overnight and it needs some work & dedication. If you don’t know how to use Pinterest, then check it out.
2. SELL YOUR OWN DIGITAL PRODUCTS
This method takes a little work but it will surely pay for a long run. Selling digital products is one of the best business you can do to make consistent money.
If you are good at something which has a lot of demand like graphic designing, SEO or anything, then you can convert it into an e-book where you can share all the secrets.
“Mr. Joseph Hogue from myworkfromhomemoney.com makes around $2000/month just by selling ebooks, audiobooks & paperback on Amazon.”
To create such ebooks, you can use websites like Canva or a tool like Microsoft Word. Once you have created your ebook, you can either sell it via Amazon or ClickBank.
If you choose Amazon, you need to create KDP (Kindle Direct Publishing) account where you can publish your ebook in Kindle format & set its price.
Once done, start promoting your ebook link on social media such as Facebook, Instagram, Twitter. Make sure to target the right hashtags so that your post reaches to the right audience.
If they are really impressed by your ebook’s synopsis, then they will surely buy it.
You can check out this guide which will teach you how to sell an ebook via Amazon. Same thing you can do with Clickbank as well which gives you a better profit.
3. BECOME A SOCIAL MEDIA MANAGER
Many online businesses promote themselves on social media sites to connect with their clients as it is one of the easiest ways to generate lots of customers.
Over 90% of online marketers are using social media to promote their business but less than 15% are able to see better results.
This gives room to all those freelancers who exactly knows how to handle & promote businesses on such sites.
That is why, nowadays many marketers, bloggers are hiring Social media manager to leverage their business.
Their main task involves:
- Scheduling social media updates
- Replying to messages
- Creating social media graphics
- Setting up profiles & much more
So, if you are really interested in becoming a Social media manager, you first need to check whether you have the following basic skills:
- Excellent communication skill
- Aware of the latest happenings on Social media
- You should know where to find viral contents that can be shared with your followers
- You should know how to be a good customer service provider
Many Social media managers are making $20,000 annually by managing social accounts. However, do note that they are professional and you may not earn this much when you are just starting out.
But this is a great way to get motivated. Isn’t it?
4. START AN ONLINE COACHING SERVICE
As a student, you must have attended several coaching centers for your school or college, isn’t it?
Well, its time to do the same thing but in a different way i.e. using the Internet. With the use of Skype & Google Hangout, you can now provide coaching services to people around the world.
There are many people out there who are providing this service to their clients and making money out of it. If you are really interested in giving coaching sessions, then you can try on below categories:
- Business Coaching – You can teach people how to start, grow & make money from an online business
- Life Coaching – Now it is a wide topic which deals with depression, breakup or anything related to life
- Health & Wellness Coaching – You can mentor people who want to gain or lose weight
So, find out what you are passionate about and start using Social media sites like LinkedIn or Facebook where you can promote your service either using ads or manually.
Though ads are pretty quick for promotion, it involves money. However, if you wanna do it manually, then you can simply create a profile and promote your service through it.
Another way is to create your own site and then promote your coaching service from it.
Here is one amazing guide which you can refer to know more.
5. PROMOTE AFFILIATE LINKS TO MAKE MONEY FROM SOCIAL MEDIA
Affiliate marketing never gets old and is still one of the best ways to make money online. All you need to do is apply for an affiliate program, grab an affiliate link and promote it.
If someone buys that product through your affiliate link, you get some commission. If you are a blogger, then it becomes easier to make money from affiliate links.
However, if you don’t own any website, then still you can use social media sites to sell your affiliate products.
Though it will be a little bit difficult if you don’t have a loyal fan base or followers. But once you have, it becomes easier to make money from your affiliate links.
Make sure you target a single niche and attract those audiences who are interested in that niche, then only you will have a chance to sell your affiliate products.
Well, these are some initial steps you need to take while starting out. If you need to know more, then you can read this guide.
6. SHARE REFERRAL LINKS TO MAKE MONEY
Many companies are paying less attention to traditional advertising method and instead offering freebies and cash incentives to consumers who promote their products and services.
This is also same as Affiliate marketing. But here, instead of affiliate links, you need to share your referral links.
The best thing about making money with referral links is you don’t need a website for promotion. You can do it all on your social media accounts and email.
To acquire such links, you don’t need to sign up for any affiliate program.
Simply look for referral links on any service or apps that you are using. You will probably find one. Grab that and share it with your Facebook friends or Twitter followers.
Anyone signing up through your referral link can make you money depending on the program.
7. MAKE MONEY FROM YOUTUBE
You might be familiar with this one as it has become quite popular in the last few years.
YouTube is the most popular online site where people are making thousands of dollars per month. It has become a full-time job for many people who are able to generate good revenue by making videos.
All you need to do is create an amazing YouTube channel by uploading quality videos on any topic you like. When it starts getting thousands of views, you will automatically make money from Adsense ads that will be displayed on your videos.
As it looks like a piece of cake, but it isn’t. You see if you want to make some big bucks from your videos, then you must have a good amount of views. As a beginner, you won’t be able to generate views within a few days.
So, in such cases, Social media sites comes as a savior. You can easily promote your videos here free of cost and you have better chances to attract more viewers.
If you are lucky, your videos might catch the eyes of big pages who have thousands of followers. And if they share your video on their page, then grab the popcorn, because you may see a flood of views.
8. MAKE MONEY FROM YOUR INSTAGRAM PHOTOS
If you upload amazing photos on Instagram that getting so much attention, then you really have a chance to make money out of it.
You see, many online marketer or bloggers are always looking for original stock photos that can be used in their business.
So, if someone purchases your photo through these sites, you will get paid. Also, if someone likes your photo on Instagram and wants to buy it, you can simply share your Shutterstock or Twenty20 photo links to them to make the purchase.
Apart from this, you can also sell prints of your Instagram photos to different people.
“Mr. Daniel Arnold made $15k on Instagram in a single day by selling his photo prints. You can check out his story here.”
9. START A BUSINESS ON INSTAGRAM
Do you have an amazing sense of style?
Are people always enquiring about the merchandise that you post on Instagram?
If yes, then why not you convert your Instagram account into a business account?
Having a business account gives you the option to sell products. You can tag different products along with its price which Instagram users can buy from you.
However, there is a little bit of process involved in accessing the “tag products” option which you can read it from here.
There are many users who are selling Fashion & craft products using this method. They are able to make thousands of dollars per month just by doing this.
So, if you think that you are fit for such type of business, then do give it a try.
10. SELL PHYSICAL PRODUCTS
If you are good at handmade crafts, artworks or anything which you think people will buy, then what’s better to showcase it on social media.
Sites like Instagram, Pinterest are great choices to start with. However, you can also promote it on Facebook as well.
Once, all is set-up. Then start clicking beautiful photos of your products and promote them on Social media. Make sure that you add your Etsy link in the description.
If someone is really interested in your craft, then they will surely buy it from your Etsy store.
“Alicia Shaffer, a mother of three makes around $70,000 per month from her Etsy store. You can check out her story here.”
So that’s it. These are some of the ways on how to make money from social media which you can try. It may seem difficult at first, but once you start seeing the result, it becomes easier.
If you liked this article, then do share & pin the Pinterest pin. Cheers.
- 10 ultimate ways to make money as a side hustle
- 3 Apps that you can use to make money in your free time