It’s no longer news that people make money from social media. Even though the idea is relatively new, making money with social media is quite a lucrative business if you know how to play it right.
As a matter of fact, there are several untapped ways that you can benefit from.
So, why not stop that aimless scrolling and learn how to make some actual cash from the various social media platforms here.
Social media is an indispensable part of many people’s lives. It’s estimated that all the social media networks have a combined total of 5 billion active users.
Huge, right? There are more facts.
Research has also shown that the average person spends about two hours a day on social media – but if you’re a social media addict, you’ll likely spend much more time trawling through the various platform.
Now, how about you use all that time to make some cool cash online?
How To Make Money From Social Media
Here are ways you can make money from and with social media:
#1 Become a Social Media Manager
This is one of the most common ways of making money from social media platforms. Most companies and prominent figures now have one or several social media accounts and are seeking someone to handle their social media presence.
Reason being that they often lack the time or the capacity to handle the sheer volume of requests that come in on a daily basis, so they hire social media managers to handle their accounts for them.
Although a good number of these positions are internships, there are also many paid opportunities out there. So, a quick search on Google will reveal several online opportunities for social media managers. All you need are excellent language skills and a good understanding of current social media trends.
Brands are looking for people to write good sales copy for them. And one way you can maximize this is by showing off your language and grammar skills on social media platforms like Twitter and Facebook.
Prove yourself to be skilled in a preferred language to get yourself hired to write for living.
#3 Monetize Your YouTube Channel
Not only can you make money with social media, but you can also turn yourself into a force. Start a Youtube Channel today, get the audience, and monetize it.
Grace Helbig, Nigerian Mark Angel and Emmanuel, are just a few of the many who developed a large audience through the hilarious videos they post every week. They make a significant sum just off ad revenue from their YouTube channel.
Also, joining the YouTube Partner Program is another path worth exploring in making money from your videos.
#4 Creative Writing
Social media is a great place to showcase your creative writing skills. Let your friends and followers know how good you are. You can do this by interacting with your audience or even serializing a whole novel or short story over many posts-you never can tell who’s watching.
Also look out creative writing opportunities on the various platforms you belong to.
#5 Run An Online Instagram Shop
It’s no longer news that you can generate a lot of sales from starting an Instagram shop. All you need active engagement on your page and a sizable amount of followers. You can also invest in ads to get your products across to the target audience.
Additionally, 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.
#6 Tease Customers With Your Product On Pinterest
As a small business owner, you can benefit in big ways from getting users to “pin” photos of their items on their Pinterest boards. First of all, create an account, engage in the community by pinning other people’s photos and upload photos that entice people to buy your product.
Your activities on various social media platforms go a long in telling people who you are or what you do. As an editor, you can find success in marketing yourself on social media by leveraging the exposure of these platforms and then, monetize your skills.
This is because services like Twitter and Facebook are great proofs of concept for your editing skill with the written word.
#8 Become An Amazon Affiliate
Becoming an Amazon Affiliate is another way of making money on social media. Here is how it works – once you join Amazon’s Affiliate Program, any sales made from a link you provide to Amazon will net you a small percentage.
All you need to do is 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.
#9 Promote Posts
Promoting your posts on social media helps to get your sales pitches in front of more audience who will patronise you in turn. Although it’ll cost you a little cash, sure, but it could net you huge rewards.
#10 Comedy Writing
A lot of new comedians birthed their career on Twitter and Facebook. Your 140 character jokes or funny insights on Twitter can gain you a lot of attention. So, if you’re a clever wordsmith then, consider giving comedy a shot to make money with social media.
#11 Sell Your Art
Tumblr and Instagram (Tumblr in particular) are great platforms to post original artwork and get a lot of responses and shares.
Here’s how you can make money from it.
In a situation where 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.
Another way to make money on social media is by becoming an Airbnb host. Becoming a renter via Airbnb gives you a chance to rent places to stay in 190 different countries. See the best guide to becoming and making lots of money as an Airbnb Host here.
#13 Show Your Musical Abilities On SoundCloud
Becoming a rock star is a near-impossible goal for many but with SoundCloud, one of the best places to get your music noticed, you’ll get the recognition you deserve.
So, 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, and so on.
#14 Sell Rights To Your Photos
You can also make money from social media by selling the rights to your photo. This is it, if you take good enough photos, people will pay you to use them. And one place to do so is Flickr.
Flickr is a popular place to view as well as sell the photos you’ve posted there. Aside from making money from the photos, you can also license them under Creative Commons (which won’t net you any money) but will expose your photographs to a wider audience.
#15 Become A Brand Influencer (Promoting Brands And Marketing)
Becoming a brand influencer is one of the most common ways to make money with social media, especially on channels like Instagram, Twitter, YouTube, TikTok, and blogs.
You do this by promoting brands or their products to your followers and convincing them to buy. However, before this can happen, you have to be active as well as have good following on these platforms.
#16 Affiliate Marketing
Affiliate marketing is a form of passive income that’s similar to promoting a brand, except you need your followers to click on a link and make a purchase in order to earn you some commission here.
For instance, if you’re promoting a hotel, you need your followers to click your link and make a booking at the hotel – then you’ll earn a share of the profit.
So, how do you go about this?
First, use networks like Clickbank and Affiliate Window to find affiliate programs that work for you. These platforms have hundreds of thousands of products to choose from, but you obviously need to find something that’s relevant to your subject area.
Also, ensure to do your research beforehand so you know exactly what you’re going to be promoting, and that you’re comfortable associating yourself with that brand. See the best affiliate programs for beginners here.
#17 Promote Your Coaching or Consulting Services
Social media is a great platform to generate leads for your consulting business. So, whether you’re a piano teacher or a life coach, if you have demonstrated expertise in a specific area, you can create more interest for your services by connecting with your target customer on social media.
For instance, coaching sessions can be conducted over Skype, and this is definitely an opportunity to make money without leaving home. Also, consulting can be profitable, so remember not to undercut yourself; charge a fair price for your time and effort.
One interesting thing about this social media money making option is that you can also, combine selling information products with this. This is because those who want your advice are more likely to be interested in the ebooks and courses you’ve created.
There are tons of money to be made on social media right now. The field is so new that many more ways are likely to open up in the future.
So, consider how you can use the above social media services and its marketing to make money, grow your career, or even create a new one altogether.
I hope this helps as you monetise your social media activity.