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3+ Ways To Make Money With Your Social Media Accounts

How To Make Money Social Media

3+ Ways To Make Money With Your Social Media Accounts In 2020

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One of the major advantages involved in making use of social media is the ability to grow and communicate effectively to a desired audience.

One of the major points of getting popular on social media lies in the fact that, it can boost your credibility, but that’s not all.

 

Social media is a tool that should be used to grow your business and increase profits.

Are you popular on social media or have you been growing your business’ platform over time?

This post is here to guide you effectively on how to become a real time earner just using your social media accounts and it answers the question on how to make money on social media.

How To Make Money Social Media.

The discusses option below would guide you on earning across all social media platforms like Facebook, Messenger, Twitter, Linkedn , Tik Tok and YouTube.

But before diving deep into this practical guide here are a few prerequisite to help you get started.

Choose Your preferred Social Media.

There are over 10+ social media platforms and more are still being created yearly and a few of the slightly recognized ones are

Instagram.

YouTube.

Facebook.

Snap Chat.

Twitter.

As a social media influencer or someone who is seeking to make decent income on social media, you cannot be on all platforms.

You have to pick one out of all social media that works well for you. Its not a bad idea to be on multiple social media platforms but one out of all is going to help you make a difference.

here is an overview of all social media over the past 10+ years and the most preferred platforms by those already making money on social media.

How To Make Money Social Media

 

In 2018, more than 82% of social influencers said that Instagram is their number one platform. Just over 12% responded with YouTube, and less than 2% said Facebook.

That’s probably because 76% of influencers say that Instagram has the best tools compared to other social platforms.

Based on these numbers, I highly recommend picking Instagram as your top priority for a start.

Depending on the type of content you desire to drop, then you can select a social media platforms that suits you.

Join Network of Social Media Influencers.

I guess you just started out as a social Media influencer and you are way beyond the usual, probably at about a million followers and creating high engagement, then its time to join a network but this time not just an ordinary network but a specific network for influencers.

These network perform the heavy task of joining social media influencers with the market.

There are a lot of them out there you can click the link to check them out.

If you are here in Nigeria, there is very one that is common and popular and it is called Hype.Buzz

All you just need do is sign up as a member ans submit  the links to your social media accounts and bid for campaigns from companies.

Boost your engagement.

Engagements is one way to track the success of an Influencer.

One major brands check and endorse an influencer is the rate of engagements that account is receiving

If you want to make yourself more appealing, you can show brands how high your engagement rates are with your followers.

You want your followers to like, comment, tag, view, and share your content.

Respond to your followers.

I know, this can be tricky, especially for those of you who have tens of thousands of followers. But the key is getting into a habit of making time to respond.

At the very least, like their comment if you can’t respond to it.

Engaging with your followers will help them feel a personal connection with you. When you recommend a brand to them, they will be more likely to act on your recommendation, making your marketing campaigns more successful and also attracting more brands to you.

Give away free stuff.

Most times it can be hard when you want to grow organically even desipite sharing useful or interesting contents.

But you can speed off the process by hosting giveaways once in a while.

Be sure to attract ten of thousands of followers and also tell them to react or identify themselves when they win the contest.

 Find your niche.

One major factor you should always have at the back of your mind if you want to last in the social media space is the ability to carve out your specific niche.

A niche is your specified area of interest, it is what vibes you.

your specific niche can be .

Fitness

Health.

Sport

Technology.

Travel and Tourism

Entertainment and so on just pick one and stick with it.

 

I am going to be breaking down this post into pieces by highlighting various ways you can make money on your favorite social network  because monetization on various social network platform differs from each other so i would be talking about a few which are.

Facebook, Twitter, Instagram, TikTok and YouTube.

How To Make Money On Instagram.

Instagram does not have any program for influencer or any form of monetization structure built into its platform .

So you have to seek ways to earn money your self and a few of them are

1. Affiliate marketing/ Promotion.

Affiliate marketing/ promotion involves selling a particular product or service in order to get a commission attached to it.

This can be as easy as sharing a blog post that has an affiliate mentioned in it, in most cases you would be given a custom link and a back end dashboard which would enable you track all sales and withdraw earnings.

Though Instagram does not support link but it can be included in your bio.

2. Sponsored Partnerships.

Sponsored partnerships are a popular way to get paid from social media. If you have a large following, companies may offer to pay you to post about them.

This is popular among celebrities. it does not mean an average social media influencer cannot get a sponsored partnership deal with a reputable company. If you are in Nigeria, you can use an online service like Hype.Buzz.

Hype.Buzz is a platform that connects influencers with third-party companies that want to advertise

3. Sell Your Products.

Social media can definitely be used as a platform to sell your products. Whether you sell t-shirts or digital courses, you can integrate social media into your marketing plan. Consider running Facebook and Instagram ads to market your products.

you can make use of social media features like stories to feature your products, an external link to your online shop can be added via your social media profile.

4. Promote Your Services.

I most cases you might be popular for a special kind of services you offer on social media, you can promote your services to your audience.

In conclusion, growing you social media community can be a daunting task and requires time and effort, make sure to create contents that connects with your audience.

How To Make Money Social Media

How To Make Money On Facebook.

Facebook also does not come alongside any inbuilt monetization platform but there are various ways to make money on Facebook.

Unlike any other social network you need to have a Facebook business page in order to do business on Facebook.

You can create as many business pages as possible.

One thing about owning a Facebook business page is that it allows you place paid advertising on its network.

Perhaps here are a few other ways you can make money on Facebook.

 

1. Affiliate marketing/ Promotion.

Affiliate marketing/ promotion involves selling a particular product or service in order to get a commission attached to it.

This can be as easy as sharing a blog post that has an affiliate mentioned in it, in most cases you would be given a custom link and a back end dashboard which would enable you track all sales and withdraw earnings.

Links can be shared as many times as possible.

Facebook is opened to all forms of links

2. Sponsored Partnerships.

Sponsored partnerships are a popular way to get paid from social media. If you have a large following on your Facebook business page, companies may offer to pay you to post about them.

This is popular among celebrities. it does not mean an average social media influencer cannot get a sponsored partnership deal with a reputable company. If you are in Nigeria, you can use an online service like Hype.Buzz.

Hype.Buzz is a platform that connects influencers with third-party companies that want to advertise

3. Sell Your Products.

Social media can definitely be used as a platform to sell your products. Whether you sell t-shirts or digital courses, you can integrate social media into your marketing plan. Consider running Facebook and Instagram ads to market your products.

you can make use of social media features like stories to feature your products, an external link to your online shop can be added via your social media profile.

You dont need to have a very huge followership if you are new.

because you can use the Facebook Paid advertising feature to reach out to many people on a single day.

How To Make Money Social Media

How To Make Money On Twitter.

Twitter is quite similar to Facebook just that you dont need a business page or any form of priority to operate successfully.

Here are ways that can be used to make money on Twitter.

1. Affiliate marketing/ Promotion.

You can share links of any affiliated business as many times as possible.

2. Sponsored Partnerships.

most companies pay you to tweet about them all you need is a very large audience.

3. Sell Your Products.

Twitter has been long used strictly by companies who manufacture or sell on or two products.

You can choose to sell your product on twitter. and also promote them via twitter Ads

4. Promote Your Services.

Portfolio companies usually use Twitter as a mouthpiece to showcase their companies.

Twitter ads can be fully utilized to make money.

How To Make Money Social Media

How To Make Money On YouTube.

I am going to bring everything to a close here .

YouTube is a video streaming platform owned by Google, Inc. It allows you to share unlimited video contents on it’s platform.

YouTube is the only platform that has a structure that pays its publishers.

Do You know that if you are a signed up YouTube publisher you can earn close to $2k dollars per month on views your uploaded videos get.

You ask how. YouTube collects Ads from end users and displays it across it network some of which might be distributed into your personally uploaded videos and in turn YouTube splits profits with you by how many times that ad was engaged from people who streamed you video at that particular point in time.

Here are legit ways to make money on YouTube.

1. Google Adsense.

Google have a policy of collecting from advertisers and splitting profit across it’s network of publishers signed up in the Google Adsense program.

The Google Adsense program allows you to monitor and cash out all earning every month,

2. Sponsored Partnerships.

Sponsored partnerships are a popular way to get paid from social media. If you have a large subscribers on your YouTube Channel you can be paid to feature their product on your channel

Hype.Buzz is a platform that connects influencers with third-party companies that want to advertise

3. Sell Your Products.

Depending on what niche you decide to flaunt on YouTube then you can sell products related to that niche.

How To Make Money Social Media

Conclusion.

Social media is the new money in the information age, make sure to take full advantage of it.

kindly share your comments below.

 

 

What do you think?

Written by Udemezue John

Web developer| Digital Marketer| Entrepreneur

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