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A Practical Guide: How to Make Money from Social Media in 2018

A Practical Guide: How to Make Money from Social Media in 2018

Make Money From Social Media

Many tips on how to earn money from social media are floating around. But the bulk of them is unrealistic and untested.

Here we are discussing some easy ways to make money from social media. This can be put to use based on the areas of interest, level of expertise to make money in multiple ways.

This post aims to give a broad idea of how to learn and earn from on social media and other digital media.

Social media(SMO) usage is soaring thanks to smartphone penetration. India is already a topper on the Facebook active user.

Earn money from social media

The number of active social media users worldwide has touched 3 billion users. That is why making money on social media has become a hot topic as the market is expanding pretty fast.

Earning Money On Social Media

The main purpose of social media is certainly developing social connections but that not ban the option of making some money by offering a person’s creativity and talent.

That is the reason social media has become a good platform for Ads on Facebook, Twitter or LinkedIn in a bid to generate leads and sales. But care must be taken not to misuse social media platform to target people with the blatant promotion.

Right Method

Blending informational posts and promotional posts is the right strategy to connect with the social audience and develop business relations on social media. Here we are discussing 5 important ways to make money on social media:

Affiliate Marketing

 Affiliate Marketing is a popular method to make money online by promoting products of other companies such as Amazon.com using unique affiliate links after signing up.Earn money from social media

Amazon offers 4 to 10 percent commission for every sale. Other networks such as ClickBank, Rakuten, CJ Affiliate and Booking.com are also known for their decent affiliate commissions.

Earn Handsomely

Those good at building social media communities and promoting affiliate products can make money using social media. They use social media ads in such a way to keep ad costs to a minimum compared to what they earn.

In becoming more transparent, disclosing affiliate links to social media audience is a better approach. This builds trust and avoids spamming with affiliate links as it will repel people.

5 Proven Ways to Make Money on Social Media

How to Earn On Social Media Via Own Products

In making money off social media, one method is offering own digital and physical products. They can include digital products like eBooks and courses which are easier to create with low investment.

To promote the eBook, just list on Amazon Kindle or ClickBank and promote the link on different social media channels.  As sales start, payment will roll in.

In the case of promoting physical products, a larger capital will be needed as in designer jewellery, crafts, and home products.

After making a choice on the product to be offered–digital or physical sell it directly on different social media such as Facebook, Twitter, Pinterest, Instagram, LinkedIn etc through websites like Etsy or e-commerce stores.

Direct selling on social media is possible but that will escalate costs in terms of customer care and logistics. If e-commerce stores take up selling, these aspects can be passed on to them.

Earn Money from YouTube

make money on social media

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Another frontier on how to use social media to make money debate is the best use of YouTube. As you know, visual content is in high demand. Creating a successful YouTube channel requires hard work as in all digital media marketing.

It calls for a good combination of planning, persistence, hard work and creativity in building a successful YouTube channel.

Sign up for YouTube Partner Program

           make money on social media

It requires at least 10,000 public views of channel videos, to become eligible for YouTube Partner program.  The application procedure is– go to Youtube.com/account monetization to check channel’s total view count.

Agree to follow YouTube’s Partner Program Policies to get approval. The basics of YouTube Partner Program applications are:

  • Sign in to YouTube account.
  • Go to the top right, select account icon > Creator Studio.
  • In the left menu, select Channel > Status and features.
  • Click Enable given under “Monetization,”.
  • Follow the on-screen steps to accept the YouTube Partner Program Terms

YouTube Channel Settings

Promote videos using organic outreach on social media with social media ads on Facebook for a good revenue. This will bring additional views for the videos. In the process, make money from the Ads from displayed on videos by Google.

Teach Online

Those with teaching skills, using social media to teach someone online can start a roaring coaching business. Using video calls on Skype, Google Hangouts or Facebook Messenger it is easy to do online sessions.

For personal branding, an expert in business coaching can build a personal brand on channels like LinkedIn, Facebook and Twitter.  The basic requirements are a viable social media strategy and content calendar to create engaging content.

Maximum fans and followers on different channels are a must for promoting and selling online coaching service.

Compared to offline coaching, online coaching is easy as no overheads are involved as in classroom and conference equipment. Online coaching is easy to manage with an internet connection on the laptop.

Offer Social Media Marketing Services

 make money on Social media

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Freelance social media marketing services can make good money from clients. They range from social media auditing, Facebook page management, social media content creation, social media advertisements (PPC Ads on Facebook, Twitter, LinkedIn etc.) and conducting social media contests.

In succeeding with SMM, good personal branding is important. To attract leads, writing guest blogs on established digital marketing blogs will help.

Having a website or blog will add to branding and sharing blog posts on different social media channels will bring good traffic.

Inquiries from potential clients to handle social media marketing will come quality content is shared on a regular basis.

Plenty of freelance jobs available on Freelance Freelancer.com, Upwork.com, Guru.com, PeoplePerHour.com can be used for making money via social media. Clients are looking for freelancers on different groups on Facebook and LinkedIn as well.

Reach Out to Big Brands Via Social Media

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To earn money from social media, it is important to connect with different brands. Be it Twitter, Instagram or Facebook there is the option of meeting all brands at one place. Grapevine Logic is a website useful in linking creators with brands.

Creators on their part, must set up a profile, display the number of followers and inform the brands about their background.

Brands post explain what they expect from the creator and what they sell.  Personal search also helps in finding Brands. It is good to approach brands with a similar or bigger following than the creator.

In reaching out to brands, the communication must be straight and tell the creator how it will benefit the brand. By telling convincingly, how he will do it and how it can help the brand, a deal can be hastened.

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A Practical Guide: How to Make Money from Social Media in 2018
Article Name
A Practical Guide: How to Make Money from Social Media in 2018
Description
Many tips on how to earn money from social media are floating around. But the bulk of them is unrealistic and untested.
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Expert Training Institute
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Udit Khanna

Udit Khanna is a Digital Marketing Course professional at Expert Training Institute, an expert in Digital Marketing, Search Engine Optimization, Pay Per Click, Social Media, etc. who helps companies attract visitors, convert leads, and close customers. Previously, Udit worked as a marketing professional for various startups and tech companies. He graduated with B.Sc from IGNOU with a dual degree in Business Administration (Marketing & Finance).
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