Ready to use social media to make money? These 14 viable strategies will help you earn money on social media.
Do you think that posting beautiful content on social media is all it is? Rethink your position.
You can use your social media posts as an effective means of generating income thanks to the growth of social shopping, influencer marketing, and sponsored content.
Not sure where to begin with making money on social media? You’re in the right place.
14 simple methods for making money on social media are described in this article. To enable you to access the platform you’re using rapidly, we’ve divided them into several social media channels, including Facebook, Instagram, Pinterest, TikTok, and YouTube.
Let’s get started!
Table of Contents
Ways to make money on Instagram
Subscriptions
Using Instagram’s subscriptions feature, you may quickly generate recurring monthly income.
It’s simple: you provide content that is only accessible to your most devoted followers. Your unique purple highlighter ring displays your unique content.
For a monthly subscription, subscribers can access your premium material and receive a badge next to their name. You decide the cost, and it’s simple to check who subscribes (thanks to the badge).
Offer a Service or Coaching
Social networking is a great marketing tool if you have a skill or talent that other people will value. By publishing interesting material that highlights their expertise and illustrates how they can improve people’s lives, copywriters, graphic designers, website developers, marketers, and other online service providers quickly and easily find customers.
It’s possible to earn money online and on social media by following similar career pathways like life coaching, business coaching, career coaching, and others.
Brand Partnerships
You can begin partnering with brands if you are well-known on your social media platform. Some companies might give you free goods in exchange for highlighting their products in your content, or they might pay you directly for the content you produce.
Many people think that big-name influencers are the only ones who can get this kind of deal, but in reality, anyone with even a modest social media following may start to benefit from corporate relationships.
Companies like genuine content producers who share their values and audience demographics with them. So even if you’re a micro-influencer with only 1–5K followers, this is a choice if it describes you.
Ways to make money on Pinterest
Become an Affiliate
Affiliate marketing is a great way to make money on social media without doing much work.
For years, bloggers have used affiliate links to profit from the traffic to their websites. Social media creators can do the same thing. It’s always been more complex to make money with major firms like Amazon offering affiliate programs to build storefronts and links you can add to your social media profiles.
Pick an affiliate network that offers goods you adore that your audience will find beneficial, inspiring, or lovely, and then promote those goods in interesting articles.
Sell Your Merch
When you have a lot of fans and a strong presence, making a line of products is a great way to make extra money. You can set up a Shopify store, a Woo Commerce site, or something similar and then send people straight to it from your social media. You can also set up a store on your social platform.
You can make something when someone orders something from you through a service like RedBubble. With similar print-on-demand services, books and notebooks can be made and sold on Amazon.
Ways to make money on TikTok
Join the Creator Fund
The TikTok creator fund is a fantastic way to make money on the app. As with YouTube monetization, you’ll need to meet certain requirements to qualify, but it’s a good way to get paid for the content you make.
The best part is that you can keep everything the same to start making money. As long as the content you already make is interesting and popular, all you have to do to make money is make more of it.
Go Live and Get Gifts
You can make money right away on TikTok by going Live and getting Live Gifts. Once you’ve set it up, your viewers can send you virtual stickers while you’re streaming. With these gifts, you can get diamonds that can be turned in for real money.
It’s not that hard to get started:
- People buy coins with real money. For 100 coins, it will cost them $1.
- With these coins, they can send you gifts in the game.
- You turn the coins you find into diamonds, and it takes two coins to make one diamond.
- Then, you can trade diamonds for money. To get $1, you’ll need 200 diamonds.
You’ll also need at least $100 before withdrawing it, and the money can go straight into your PayPal account. The only catch is that 50% of your make will go to TikTok.
Sell Digital Products
You can also turn your skills into money by making digital products that you can sell.
This could be an eBook, an eCourse, or digital “printables” like quotes or artwork that people can buy, download, and frame. There are many ways to make a digital version of a physical or in-person product or service.
Developers of websites can make “template” sites that can be sold more than once. Brand packs can be made by graphic designers that are just as timeless. If you use your creativity and imagination you can do anything.
Ways to make money on YouTube
Monetize Your YouTube Channel with Ads
If you have a YouTube channel, you can make money by putting ads on it. Only some people can do this. You need at least 1,000 subscribers, 4,000 valid public watch hours in the last 12 months, to live in a country with the YouTube partner program, and meet a few other requirements.
But if you can get accepted, you’ll make money from ads while people watch your videos. These work a lot like commercial breaks on live TV, where your content plays for a while, stops for an ad, and then plays again.
Channel Memberships
In 2018, YouTube made memberships so that creators could make money from their videos. Once you turn on Channel Memberships for your account, you can give your subscribers special benefits that are only available to members. You can offer a few different things, including:
- Loyalty badges
- Custom emojis
- Community posts for members-only
- Live chat access
- Exclusive live streams
- Bonus content
By giving your members unique content that makes them feel special, you can help them stand out from the rest of your viewers. But you need to do a few things first, which are:
- Sign up to be a YouTube Partner.
- Have at least 1,000 people sign up.
- Work in a country that has been approved for the membership feature.
- Make videos that aren’t marked “made for kids” and are instead geared toward adults.
- Some of the videos on your channel can’t be made money from or were just taken off the market.
- Read and agree to YouTube’s rules.
It’s important to note that Channel Memberships are not the same as Premium Memberships, which let people watch without ads.
YouTube BrandConnect
BrandConnect is another great thing about YouTube. It lets content creators connect with brands that are willing to pay for the creation of promotional content. This is much like becoming an affiliate since you write about a product or service and try to get others to buy it.
The main difference is that you will usually get paid directly for creating that content instead of getting a cut of sales. This can be much better for you because you won’t waste time making content that doesn’t lead to sales and therefore doesn’t make you any money.
Ways to make money on Facebook
Fan Subscriptions
Like YouTube’s Channel Memberships, Facebook’s Fan Subscriptions (now called “Subscription”) let fans directly support creators they like. Also, the platform has promised to give creators an extra $5 to $20 for every new subscriber until the end of 2021. This is part of their promise to give their creators more than $1 billion by 2023.
Subscription Groups
In the same way, Facebook Subscription Groups let you set up private groups for people who pay a fee to join. You can share content that is only available in the group.
In-Stream Ads
Facebook also lets creators make extra money by putting ads in the middle of qualifying videos. These could be short videos or image ads, and they work in a way that is similar to how a YouTube channel makes money. You get a cut of the money made by the ads, and viewers have to finish watching the ads before they can watch your videos.
