Statistics have it that people spend an average of two hours a day on social media. If you are a social media addict, there’s a chance that you spend much more time scrolling through endless posts and photos. How about you turn the hours of aimless scrolling into a career or business? With over three billion active users, there’s no doubt that social media is a goldmine waiting for you to dig in. Here’s how you can make a fortune from your couch.
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1. Earn Commissions Through Sponsored Posts
An easy way of making money from social media is by advertising products and services from other businesses. The concept is referred to as sponsored posting, and it’s pretty direct to venture. A brand can sponsor posts to display on relevant pages, and you get paid when users click on the ads. It is a lucrative strategy of leveraging a large following on social media. Most platforms pick up the idea, and they even have direct links for signing up on the sponsored posts.
2. Become A Social Media Influencer
Social media influencing is a booming trend, which means that you are likely to face stiff competition. You may have noticed that new influencers come up every day and create new niches. Some use written content, while others prefer advertising through photos. Although social media influencing may appear like an easy job, it requires intensive work and time investments. You’ll want to join the influencer marketplace to monetize your brand and connect directly with global brands. The platform offers mobile optimization features, exclusive promo codes, and personalized links.
3. Advertise Affiliate Products
Irrespective of your niche, you can always find great products to advertise on affiliate websites. A popular one is Amazon Associate, where you can market the products and services of your liking and make money from them. If you choose to go this route, avoid posting spamming links on your account and instead leave honest reviews. Always post products you like and know that your following will benefit from. You may also post negative reviews as long as you are honest and respectful.
4. Sell Your Products and Services
If you are running a business, you can use your online influence to sell your products. Consider turning your social media accounts into sales funnels for your services and products. Some platforms allow you to convert your accounts to virtual online stores. Take the time to research the most suitable platforms for marketing your products. You will also benefit from using software to track and record sales.
5. Promote Your Crafts Through Visual Media
If you create handmade crafts, articles, or art pieces, social media can help boost your sales. Use Instagram and Pinterest to showcase your products and build a name for your brand. However, other subtle platforms like Twitter, Google+, and Facebook can also work wonders when used well. If you have a website or an account on art-related sites like Etsy, you can leave a link to your profiles. Doing so will prompt followers to check out your products and buy them. If you are consistent, this strategy can earn you a decent living.
6. Get Paid to Share Knowledge
Creating “how-to” videos on niche topics can fetch you good money on social media. For instance, if you are good at a particular sport, you can teach people some tricks to enhance their skills. The same applies to everything else, whether you are running a service or an offline business. You don’t have to quit your job or spend several hours researching unique topics because everything is at your fingertips.
7. Offer Consulting or Coaching Services
Social media is the ideal place for generating leads for your soft skills business. Whether you are a life coach or a music teacher, you can reach your target customers by engaging your followers. As long as you have honed your skills in a specific area, people will be happy to watch or read your content. You can even leave links to your websites for people to sign up for individualized sessions. Consulting can be lucrative, so avoid undercutting your services. Instead, charge fair prices based on the time and effort you spend.
Social media is a low-cost income-generating media for any interested parties. You can use it to grow your brand and build relationships with other brands and businesses. As long as you are patient enough to watch it grow, a social media career or business is bound to thrive.