There’s no denying that social media has been commercialized in a great many ways, allowing businesses to benefit from the browsing habits of millions of users. Even for the common user with a modest following, their reach may be broad enough to help them turn their profiles into sources of passive income. These suggestions outline a few ways you can monetize your account and generate a steady flow of income.
Teach an Online Course
There are many ways you can take advantage of the E-learning craze that has taken over the internet. You can write ebooks, create video presentations, or host webinars to impart the information you have to share. Once the presentation has been initially shared, you can also archive your content on a fan subscription site, allowing you to earn subscription fees in exchange for making your content readily available to your followers. This will allow you to use your specialized skills and knowledge to earn income passively for as long as you keep your content available.
Become an Affiliate Marketer
Affiliate marketing is a growing trend, but it requires a delicate hand to succeed. Consumers don’t like the hard sell and online social media users are alienated to a greater degree by social media accounts that try to push products for the sake of making a profit. If you can find a way to promote products without coming off as spammy, you can earn a return for each purchase your post produces. The best strategy is to only market products in which you believe or those you personally use. In this way, you can express a genuine interest in the products that you want others to buy.
Create Your Own Products
Whether you have a talent for writing, creating music, or for making people laugh, you can turn that talent into a lucrative source of income. You can share snippets of videos or samples of your writing on your social media accounts to entice your followers to pay for your content. Even if you make your own arts and crafts, you can use your online presence to help you reach consumers who will be interested in paying for that which you create. Each post should link directly to an E-commerce store or to a third-party site where your content or products can be purchased.
Become a Social Media Influencer
Social media accounts with larger followings, such as those with 10,000 or more followers, attract the eyes of business leaders looking for ways to market their brands. A social media influencer is someone who will use their platform to promote a product or brand to their followers. They can do this by openly promoting products or by simply showing themselves using the products in pictures and videos. This is common among celebrities who use their popularity to partner with corporate brands. You can start by offering lower prices to smaller businesses and, as your social media presence grows, you can raise your rates and attract larger corporations. The most successful influencers can earn six-digit incomes as they gain peak popularity.
Use Social Media to Grow Website Traffic
You can also use your social media accounts to promote your external website. You can share small but engaging samples from your external blog posts to engage your followers. If you make these posts public and use hashtags with widely searched keyword phrases, you can increase that engagement beyond your existing list of followers. Each post should end with a prompt to follow the link to your blog post, where users can view your post in its entirety. This is the best method for driving consumers to your website, where you have an E-commerce store that sells your products. This is a less direct method of monetizing your social media page, but, if your main source of income is via your website, driving traffic to that site becomes essential for your business’ growth.
You can begin to follow this path of entrepreneurship by growing a brand image for yourself. This involves establishing goals and values that you can use to attract followers with similar interests. Once you grow your following, you’ll find it’s easier to generate income using the suggestions provided here. In a reasonably short time, you can grow your personal brand into a financially lucrative property.