Ever wondered how people are making money on social media? Some individuals make up to $50 million from social media annually. That’s insane, right? Even though it sounds crazy, it is possible and, in truth, blogging for money, and social media offers you a lot of opportunities to make serious cash.

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Social Media

Social media platforms like Facebook and Instagram are becoming more popular with each year. According to statistics:

  • Facebook had 1.94 billion active users in 2017 respectively,

  • Instagram is forecasted to reach more than 100 million monthly active users in the USA.

Aside from Facebook and Instagram, you can also write content for blogs or academic services at https://customwriting.com/, promote your content through LinkedIn, Twitter, Pinterest, YouTube or Vimeo. Moreover, the sheer fact that the media platforms have so many users is itself an advantage. That is why many people, including large companies and startups, are using social media to get profit. Let’s delve a little deeper to understand how you can earn money on social media.

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Best ways to use social media to make cash

Let’s face it, lots of people are looking ways to make money on social media or search how to make money blogging. With this said, it’s easy to see why so many businesses are turning to social media while many of people do not even know how the strategy works or how to go about it.

However, there is no need to be afraid as this can be very easy. Here are some ways to use social media to earn money.

1. Promoting another company’s products

The easiest way to make money on social media posts is by promoting the products of another business, most preferable Amazon.com associates. So, you must select a few products that a company sells, and further, promote them on your account.

The company then pays you a commission for each item that you promote or even sold. Some companies can pay up to 30% for commission.

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Apart from Amazon, you can also join the following affiliate programs:

  • Shopify,

  • eBay partner network,

  • eHarmony,

  • CJ Affiliate by Conversant,

  • Rakuten.

2. Advertising your own products or services

Making use of your own products is another strategy that will make you successful on social media. The products that you sell can be either digital or physical.

Examples of digital products that can be promoted include:

  • E-books,

  • Videos,

  • Courses,

  • Recipes,

  • Photography,

  • Music, etc.

What should you do? You can simply place links to platforms on which you are selling your product or service. For example, if you are promoting devices, you can place a link to Spotify. However, keep in mind that some companies can take a certain percentage of what you earn.

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Additionally, if you decide to promote physical products, remember that imagery is everything. Visual media, such as Instagram and Pinterest are the best for promoting physical products.

3. Using the YouTube channel

Have you ever thought about all those vlogs about daily activities and wondered why people post such videos regularly? The answer is a paid advertising.

YouTube, through the YouTube Partner Program, offers vloggers the opportunity to make money from paid advertising. In paid advertising, another business pays you for using your space to advertise their products or services. Types of the paid advertising include:

  • Pay-Per-Click (PCP),

  • Banner ads,

  • Floating ads,

  • Pop-up ads.

Social Media

In fact, this is how so many YouTubers are making substantial amounts of money. Most YouTubers charge $10,000 for 100,000 views. The amount you get varies from, however, such strategy can be difficult since you need to have a lot of subscribers.

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4. Open a coaching business

Promoting your coaching business is another way to get money. Many people spend a lot of time on social media, scrolling for hours. However, sometimes not all the content may be useful. So, when you offer coaching services, it makes people know that their time on social media is not wasted.

Social Media

You can make videos about anything that interests you as long as it will be helpful for your followers. Coaching services can range from recipes to workout videos or even how to make money through the social media channels. A coaching business not only gets you money but also means doing what you love!

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Remember that all these money-making strategies require you to have followers in order to be successful. Without this, it will be very difficult for you to get the best results.

Conclusion

Now that you know some strategies that can earn you money on social media, there should be nothing holding you back from being successful. The strategy that you pick, all depends on you and what is easier for you.

Whichever strategy you decide to go with, try to remember to enjoy what you are doing. Creating a plan before you start will also make this process easier for you!