The Top 3 Ways to Make Money with Social Media

In today’s article, we’re going to cover three different ways to make money with social media. And if you like this article, please share it with your friends. If you have specific questions or specific requests that you want me to create content for, just let me know below in the comment section. Let’s dive right in.

The Top 3 Ways to Make Money with Social Media

You can make money with social media as an influencer.

Nothing new to you. I know. But let me break it down into how you can actually make money as an influencer.

So there are two different ways to earn money as an influencer.

 Let’s start with the first, which is the brand deal. So let’s say you have a couple of thousand followers and a brand reaches out to you, saying, “Hey, I would love for you to create a post about our product.” Then they will send you the product and you will post it on your own social media channel. talking about that product.

They either pay you a fixed fee, or you can also get an affiliate link, which means for every product that is sold by using your link, you will also get a commission. Now imagine how many followers you would need to have in order to actually make a decent amount just from affiliate sales. You need to have a lot of people, so that means you need to have a lot of followers and also brands. Then, obviously, they will pay you by the number of followers you have as well as by the amount of engagement. So how many people are commenting? How many people are interacting with your profile? That will make a difference as well.

So, obviously, you need to first have a huge social media following, whether that’s on Instagram or on TikTok. You can be a small creator, too. But what usually happens is that the brand is not willing to pay you a lot or be super sneaky and just wants to send you the product for free and not pay you at all. So you’re doing all this hard work and all you get in exchange is a free product. To me, that seems like a lot of work for a few skincare products. So that is one way you can make money, another way as an influencer. So we’re still talking about the influencer and content creator industries.

Another way is by creating content for companies. So, with the rise of TikTok, brands have realised that short-form video content with actual humans is what performs best. You can even create short-form videos by not showing your face, but on TikTok, it works best if you show your face and if you have someone who follows the trends and who does all the different video content for you. Right. So that’s when brands reach out to content creators and ask them to send them videos specifically about a product or anything else. They want advertising to make it native.

So that means if there’s a TikTok trend, a person will do that TikTok trend for the company with their feet, and the company will pay a fee in exchange. And you don’t even have to post it on your social media channels; you will still get paid for it. There’s even an app that you can sign up for, and there are companies posting their own requirements, and you can send videos. So that’s another way you can make money as an influencer or as a content creator. Again, the options are endless. However, you will need to have followers for the first part. And for the second part, you will need to show your face and create a lot of videos. What if you don’t want to do that? Then there is the second way to make money on social media.

The second way to get paid on social media is by the platforms themselves.

So Tik Tok, Instagram, Facebook, and YouTube all have what we call a “creator fund.” So they pay you for just putting out content there. So now you might ask yourself, “Great, I’m not getting paid.” What do I have to do? So for Instagram, first of all, you need to have a creator account, and you can do that on your own profile. You can just sign up as a creator, and then you’ll have to apply for the Creator fund.

The same thing is on Tik Tok. You have to apply for the Creator fund. However, you need to meet certain requirements. They also just started the Creator Fund with Pinterest. Again, you need to apply for that. And then we have YouTube, where you get paid as well. I believe that if you have a thousand subscribers, minimum and I believe what’s 4000 hours of watch time in a year.

So again, you will need to have followers and views, but if you can build that up, then you will get paid by views. So basically, if this is your route, if you feel like, you know what, I love creating content, I want to build my own brand. You can get paid double; you can get paid by brands, but you can also get paid by the social media platforms themselves. So these are two ways to make money on social media. But if you’re like me, you might feel like, okay, that is a lot of work, especially nowadays that a lot of people are doing it. How am I even going to stand out in this whole influencer market when they’re already people with millions of followers? Well, the good news is you don’t have to

The third way to get paid on social media is by working as a freelance social media manager.

Working as a freelance social media manager for other companies. So either you work for one company remotely and you just manage your social media, or you work as a freelancer. And guess what I did? I worked as a freelance social media manager for several different companies, all by contract. That means I am not hired by the company. I just have a freelancer contract. Now I do all their social media stuff. And let me tell you what that looks like. for one of my clients. I have created many different forms of content for that company.

I created carousel posts, I created infographics, I posted their photos, and I wrote the captions for them, but I also created reels. So basically, the company just sent me the different video materials, so I then download the videos, create reels, edit everything, and then I go into Planoly and I schedule the whole content for them. So that means I don’t have to show my face. They will upload the video content that I need. They will upload the photos that I need.

And then I go into Canva in case I want to create some sort of infographic. And I download all the videos that I need for my reels, and then I can also upload them as stories. For example, I plan everything ahead. I am in a completely different country than this company. I don’t need to show my face, and I can charge a monthly retainer. So let’s say you’ll charge $1,000 for whatever your offering is for social media management. So you want to have a specific package where you say all of these different things are included. It costs $1,000 a month. That’s just an example. You will find five clients, and you’ll do that.

Also read: Watch Videos and Earn Money | 15 Best Apps That Pay You To Watch Videos Online

Also read:- 100% Working Airtel Free Internet Data Tricks 2022 

Conclusion

So you don’t need to be Instagram famous or TikTok famous in order to make money on social media. And I just used an example of $5k. You can make $10k, $20k, whatever you want as a social media manager because you can take on different clients. And if it’s too much work, you can also outsource certain aspects. But that’s for another video. So right now, to recap, we’ve talked about three different ways to make money on social media. You can be an influencer and get paid by brands, or you can be a content creator. and get paid by the actual platforms. Or you can work as a freelancer and get paid by clients for doing someone else’s social media.

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