Now, you are faced with a challenge on what social media platform allows you to make money.
In most cases, you are going to have to choose from these platforms when getting started.
While it’s possible to make money on all of these platforms, it does not come easily as expected – some creators record more success while using these platforms.
Research has shown that the average person spends around 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 platforms like YouTube, Twitter and Instagram some even like TikTok.
Whether you currently have a social media account or not, you can still utilize this opportunity of virtual marketing and earn a lot of dollars.
What is Facebook?
Facebook is a social networking website that was founded in February 2004 by Mark Zuckerberg. The idea behind Facebook was to provide an online book of faces for university students to connect and share information.
It initially became a social network for Harvard and expanded in the following years to any university. It eventually became a social network for anyone, anywhere in the world.
When it comes to social media, Facebook remains the largest by every metric. Here are some stats that prove this to be true; Facebook has 2.91 billion monthly active users, with more users being added yearly.
Facebook is the most used social platform worldwide. You simply have to be there. 77% of Internet users are active on at least one Meta platform out of 4.6 billion global Internet users, 3.59 billion people use at least one Meta app every month: Facebook, Instagram, Messenger, or WhatsApp. Many use more than one, the majority use all.
To be honest, as a Nigerian, I make use of all Facebook products, and it has been awesome. Though not profitable when it comes to monetization, but can be a great way to connect people.
How do you Monetize Your Facebook account?
Nearly half the world’s population is on social media, and Facebook alone has over 2 billion monthly active users as of June 2017. This creates a very large online market pool that many people have been and are still making money from with no investments.
If you are one of those wondering how to earn money from Facebook without investment, then you are on the right track because this article is for you.
1. Drive your Facebook page traffic to your blog.
If you have a Facebook page or group with lots of followers, you can easily create traffic for blogs at a cost.
You can do this by placing a link to the blog and urging your followers to visit the page. Once they do, traffic increases on the blog, and you get paid.
I wrote a comprehensive guide on how you can start a profitable blog, check out the link to the article to learn more.
2. Start affiliate marketing.
You make money through affiliate marketing When anybody buys the product through your link, you get paid, then such a user can complete the buying cycle.
Some affiliate marketing could see you earn as much as 50% on sales.
Examples of businesses to register for are eBay, Commission Junction, Amazon Associate, ClickBank, and Share a Sale.
I wrote a comprehensive guide on how can begin with affiliate marketing as a beginner, and make money in no time, check out the link to the article below to learn more.
3. Become a Facebook influencer.
Influence marketing allows you to sell services to your already established audience. The more followers you have, the more businesses and digital marketers would reach out to you for paid adverts.
All you have to do is post the product or service on your page, and start making money.
Usually, the more organic followers or likes on your page, the more money they would offer you.
I wrote a comprehensive guide on how you can become a social media influencer, check out the link to the article below to learn more.
4. Publish videos on Facebook.
To retain content creators on its platform, Facebook recently developed a revenue-sharing platform for its creators to enable it to share advertisement revenue with certain qualified creators.
The Facebook video bears much resemblance to that of YouTube. You can create a video for your business and host it on Facebook and get paid on advert sales as people watch your video. Facebook offers 55% of revenue generated to the video creator and keeps 45%.
I wrote a comprehensive guide on how you can monetize your video content as a creator, check out the link to the article below to learn more.
5. Grow and Sell your Facebook page or group.
There are various kinds of small businesses that wants to establish their presence on Facebook but dont know how to go about it.
Although it seems odd, people grow Facebook groups, and pages only to sell them to the highest bidder.
One thing you should understand about growing and selling a Facebook group is the fact that you dont have to sell your account, all you need do is transfer privileges to such person who wants to buy such a Facebook page Group.
However, we recommend you keep trying because it takes a lot of time and patience. You cannot start earning money in a day.
What is Twitter?
Twitter is an online microblogging service where users share short messages among groups of recipients. Twitter allows a display name can be up to 50 characters long. Twitter is one of the top 5 social media sites with over 20% of internet users having access monthly.
With all these facts being mentioned, it’s okay to say that Twitter remains a major platform to build any business.
How Do You Monetize Your Content on Twitter?
Twitter provides more opportunities than ever to generate some extra income. Some people have even made careers out of the money they make with Twitter. Here are some ways to make money using Twitter.
1. Sell Your products or service.
Twitter is one platform that enables you to grow your audience, once this is achieved you can use that as an avenue to sell your products.
Some businesses have found plenty of success in “daily deals” and other basic marketing practices that fit well with Twitter.
Just make sure that you are not too salesy, and one way to avoid this is to put out more informational content than sales content.
You can also make money on Twitter by offering a service that your audience might like on Twitter Alternatively, you can use websites like Fiverr to charge people for building their Twitter presence.
I’ve done this myself by helping other people generate (real) Twitter followers for low prices‒$5 for every 100 followers.
2. Become a Twitter Influencer.
Most businesses do not have the luxury to create Twitter-sponsored ads, do you know you can charge businesses for your Tweets? On SponsoredTweets, you can find sponsors who will pay you to Tweet about their products for a fee you arrange.
Note that this only happens if you have an engaging audience who wants to listen to you.
3. Promote Affiliate Products on Twitter.
Another way to monetize your Twitter account is by promoting affiliate products. When most people think of affiliate marketing, they think of bloggers promoting affiliate products on their websites.
But, you can promote affiliate products on Twitter to make money too. To find affiliate products you can promote them on Twitter, create an account on an affiliate marketing network, share information about that product and put in your referral link.
You can still use Twitter to generate traffic for your website or generate more leads for a service-based business.