It’s no longer news that social media has grown beyond a place just of connecting with people into becoming a marketplace, or should I say, “money-printing machine” where business transactions take place per second without a location barrier.
Many persons over the years have been able to build 6,7,8 and even 9-figure businesses on social media at the comfort of their homes without interfering with their other sources of income for those who have.
Now you are wondering how they do it and if you can too, right? You will find out shortly only if you read till the end and see the 3 top ways to make money on social media.
First of all, you necessarily do not need to be a tech expert or have a certain degree to earn online: all you need is willingness to learn, the right guidance and commitment, you are good to go.
Sounds very easy, I know right! Ride with me, as I take you through 3 easy ways to earn money on social media.
Craft a Niche
Does this sound familiar? This is the foundation for earning on social media. There are several ways to earn money online but you can’t be everywhere else you will spread yourself thin. You need to decide on what you will focus on.
It’s easy to attract those that needs your knowledge and expertise when you are known for something.
This might be difficult if you are multitalented, but you see, you have to get rid of the desire to do several things at a time especially if you are just starting.
Take some time to brood over all your abilities and expertise and ask yourself which of them can easily be monetized. You need to make more money to settle the ever-rising bills hence, the more reason you should focus your energy on crafting a niche for yourself if you want to stand out.
As bills rise with each passing day, you need to think of a way to increase your income streams. Learning a high-income skill like copywriting, affiliate marketing, content creation and writing, web design, E-commerce, graphics design, and suchlike, will enable you to boost your earning on social media.
Build and Monetize your Audience
It’s one thing to craft a niche it’s another thing to build an audience. It can be hot, warm or cold. It’s important you craft out ways to convert cold and warm audience into hot ones that will pay for your offers.
It’s not enough to have thousands of people following you on social media, you need to convert those audience to currency. It is a waste of audience not to monetize your audience.
While people pride in their number of followers, business-minded persons see a ready market and focus on crafting a product/services that can meet a need in exchange for money.
And guess what! You don’t need to have a large audience to start monetizing.
There are different ways to minimise your audience one of which is offer creation. Create offers that will meet their needs, make it very robust with amazing bonuses, place a price tag and sell.
Although showing up daily on social media and feeding your audience is a key to getting inbound clients, you need to move further into creating irresistible offer. This is an open license to get daily alerts.
Market your Products and Services on Social Media
If you are an entrepreneur with an already existing business offline, you can make money on social media using it as a tool to market your product and services. You can also create digital products like ebooks, online courses and suchlike that you can sell on social media. This can be done through content marketing, copywriting, social media ads like Facebook, Instagram, Twitter ads and more, influencer marketing, just to mention a few.
Social media can help you connect with your target audience that can pay for your products and services while you deliver to them wherever they are.
You need to be strategic about creating your marketing Plans to get more result.
If you’ve been having challenges in selling online, read this article to see how you can make people buy from you.:
Kindly share if you found this helpful.
Photo Credit: Pixabay.
Let me know in the comment section what you think about our 3 ways to make money on social media and if you want me to share some tips that can help you write like a professional.
For general fashion and lifestyle inspiration on Instagram, tap that Follow button – @stylishgwin_africa