Thursday, 1 March 2018

Earning Money On Social Media

Earning Money On Social Media

Looking forward to earning money on social media? In this article, you will learn 5 easy ways on how to make money using social media. Depending upon your interest areas, you can choose a single or multiple ways out of these to make money.

Social Media Usage is at the all time high right now in World and still growing. India just became the number one country for Facebook in the world in terms of monthly active users! You can see from this slide from 2017 Digital Yearbook by ‘We Are Social’ that the active social media users worldwide are already about to touch 3 billion users! Just imagine how big the market is out there. All you need to do is to effectively tap this market.

Remember one thing, the primary purpose of Social Media is to build social connections but that does not mean that you cannot use it to earn money. You can easily earn money from Twitter & Facebook. In fact, the social media ads like Facebook Ads, Twitter Ads or LinkedIn Ads are meant for leads/sales generation only. So it makes sense to not spam your users with promotional offers.

Mixing informational posts along with promotional posts is the right way to build audience and business together on social media.

So, how to earn money by social media? Here are 5 ways to earn money through social media:

Earning Money On Social Media By Affiliate Marketing

Affiliate Marketing is one of the best ways to make money online. Affiliate marketing, in a nutshell, is a way to make money by promoting products of other companies (like etc.) using your unique affiliate links, which you get after signing up with them.

Apart from Amazon (which doles out 4% to 10% of commission per sale), there are many other networks like ClickBank (for Digital Products), Rakuten, CJ Affiliate, (for Travel) etc., which offer lucrative affiliate commissions.
If you are good at building social media communities and can promote affiliate products using social media ads (just remember to keep your ad costs less than the money you earn) then you can earn a handsome amount of money.

Just remember that it is always a good practice to add a disclosure about your affiliate links to your social media audience. This builds up a trust with them. Secondly, don’t spam your social media communities with affiliate links as this puts off the people. Always have a healthy ratio of generic informational posts (which are of interest to your audience) to the promotional posts (with your affiliate links).

How To Earn On Social Media Via Your Own Products

You can also create your own products with digital and physical. Though I would recommend to begin with Digital products (like eBooks, courses etc.) because they are easier to create and promote and take less amount of money in the beginning to develop the products. For instance, you can list your eBook on Amazon Kindle or ClickBank and then promote the link of your eBook on different social media channels. And once the sales start rolling, you have to do nothing but collect the payment (being a digital product, you can sell it N number of times!).

Physical products, on the other hand, require larger capital in the development stage and one should go for them only once you have validated the product idea and have sufficient capital to invest in its development. That said, physical products like designer jewelry, crafts, and other home/living products are relatively easier to develop and sell online (for such product categories you can visit

So, once you have decided on your product (digital or physical), you can sell it directly on different social media channels like Facebook, Twitter, Pinterest, Instagram etc., or you can sell it through websites like Etsy or any other e-commerce stores which allow such selling.

If you decided to sell directly on social media on your own, then you will have to take care of shipping, customer care, logistics etc., while with other e-commerce stores, they take care of these aspects.

How To Earn Money From Social Media Using YouTube

Building a successful YouTube channel is not a cakewalk, in fact, nothing on social media or digital media marketing is a cakewalk anymore. It requires a lot of planning, persistence, hard work and creativity to build a successful YouTube channel.

Once you have at least 10,000 public views of your channel videos, you are deemed eligible to apply for YouTube Partner program. You can visit to check your channel’s total view count. Apart from this, your channel should adhere to YouTube’s Partner Program Policies to get approved.

Here are the steps listed by Google to apply for YouTube Partner Program:

Sign in to your YouTube account.
In the top right, select your account icon > Creator Studio.
In the left menu, select Channel > Status and features.
Under “Monetization,” click Enable.
Follow the on-screen steps to accept the YouTube Partner Program Terms.

Promote your videos as much as you can using organic outreach on social media and by running social media ads on Facebook. This way you will get additional views on your videos. And in the process, you will make money from the Ads which get displayed on your videos by Google.

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