There are more money making opportunities available through the internet than you can ever imagine. Social media is full of money that you can reach out and grab, when used effectively. All you need is the right approach and consistency with your efforts to earn money by all the available social media platforms that are at your disposal these days.
Various people hold the view that social media is just for connecting with people, and not for selling things.
However, after reading this article, you will come to know the ways to use your connections to make money and monetize your traffic through it. If you can establish trust among your supporters the chances are that they will look at your offers and the links that you share.
Here are 5 ways you can earn via social media:
1. Promote affiliate products
No matter what industry you’re associated with, there are numerous affiliate products available on Clickbank to promote and earn money through. If that is something that doesn’t attract you, you can go to the Amazon Affiliate network and develop products that there is a market for, and make money on every product sold by your link.
Despite spamming the links on social media platforms like Twitter and Facebook and selling your products, it is recommended to promote affiliate products by writing reviews and comparisons. If you have used the product and liked it, try to create content that explains everything about that product in detail, and publish it on your site. Also, include the pros and cons of that product to allow the user to decide whether he/she wants to buy the product or not. You can even create a Youtube review or explainer video if you like. I prefer to do both content and video on a lot of my reviews.
Additionally, also make it a point to clearly show your affiliate link and let your readers know about it.
( After all if you are doing affiliate marketing this is how you get credited for the sale. )
A potential customer clicks on your affiliate link, which is tracked with your unique affiliate code, when they buy after clicking on your affiliate link then you get credited with the sale, and earn a commission.
Commissions can range from 50 to 100% if you are promoting digital affiliate products.
Commissions can range from 5 to 15% if you are promoting physical products like on the Amazon affiliate network for example.
It all boils down to what you are promoting, and the commission structure that the affiliate program has in place, that will determine your earnings for each sale that you refer as an affiliate marketer.
2. Create and promote your own information products
In the case that you already have a popular blog, and have gained expertise on a particular subject by working on your blog for a long time, you can now choose to create your own products like a digital book, audio and video courses, and then pitch it to your followers.
Social Media is a great platform to promote your product and sell it.
You can directly promote and sell your item on platforms like Gumroad, Sellfy and Amazon’s KDP program. To offer, you can use PDF, MP3 or video format at a price that you like. Remember, all websites offer some commission percentage, but it is small.
Many camgirls are using Snapchat to promote their services and informing users of the videos and services they provide. As this is a new platform, chances of conversion are higher than other social media platforms.
3. Promote products and services
There are various ways by which you can promote relevant products of different websites and make money online by doing so. This is an easy and fast way to start earning some cash.
However, if you don’t have a good list of followers, this is not a beneficial source to make money. It is important first to gather some support and have a community of people who follow you. Then you can plan the posts and promote your various products by posting online. Also, don’t forget to include your call to action buttons and links to increase your chances of earning money from your efforts.
DigitalDeepak is a website which has put together a quality digital marketing course and makes money by selling that course to its customers. You also take inspiration and start creating your own virtual or physical product and use social media to promote it and reach potential buyers.
4. Promote your coaching or consulting services
Do you know that you can make use of social media platform to generate leads for your consultation business? Whether you are a guitar tutor or an art teacher; promoting your business and promoting your skills and engaging people is a sure shot method to create leads and make money. You are more likely to succeed if you can link to the client’s objective and grab his/ her attention.
You can also use Skype to teach your clients and earn money without leaving your house.
5. Begin Earning with YouTube
It has been observed that youtube usage has increased even more in last few months.
Did you know that Youtube is the second biggest search engine in the World?
What you say? Youtube is not a search engine.
Yes, I know Youtube is technically not a search engine, but the video bohemoth gets more traffic than Bing and Yahoo combined from there millions of users, that are using Youtube as a search engine, and typing into the search bar the videos that they are interested in and want to watch.
Individuals are looking for the ways to make money using YouTube and build up there income.
Youtube is not a method to make money quickly, but more of a route to popularity and fame.
You can begin by creating your youtube channel and naming it something that is easy to remember.
( I recommend including a popular keyword term when naming your Youtube channel for some extra free traffic. )
Now, start making videos that are user engaging and of high quality. You must make sure to work in a particular niche that has a demand, then attract the audience, and work to be an authority in it.
If your videos are good and liked by the user, YouTube will pay you depending on the number of views you get.
One great example of YouTube channel is PewDiePie. The owner of this channel plays video games and does commentary which is liked by millions of users. He has inspired many other people to follow their passion and make money along with it.
The points illustrated above are just small portions from all the various money making methods that you can use to earn from social media and fulfill your Internet dreams. These are some good ways to monetize your traffic and make money by using social media; all you need to do is take action, and use these tips outlined in this blog post to get your feet wet with social media.
Keep in mind that making money is not an easy task, especially when it comes to social media. But if you have an entrepreneurial soul, the chances of your success are far better than the people out there who just want to try it out, and don’t plan on making any real money from there marketing efforts on social media.
Tip: Come up with a great marketing strategy to engage your audience and stick to it. Set your goals and work hard to achieve them.
Ankur Aggarwal is a Digital Marketer, Entrepreneur, Traveler, Blogger, Foodie. He has multiple websites but incomeboy.com is his new venture. The purpose of Incomeboy is to pass on 100% accurate and genuine information on making and saving more money either online or offline in India. Write to him at [email protected]