Are you interested in minting a lot of money from Social Media? Well, that’s exactly what this blog is all about how to make thousands of dollars from social media. We`ll be covering easy and simple 4 ways on how you can actually mint money using social media. You can choose single or multiple ways for you all depending on your interest areas.
Social media usage is at its peak currently and the graph is still going higher not just in India but across the world right now. Talking just about our country, India became the leading country for monthly active users on facebook throughout the globe. The following picture from 2017 Digital Yearbook done by ‘We Are Social’ shows the active users on social media across the globe has already touched 3 billion users. We can just wonder how big the market on the internet is. All one has to do inefficiently utilize this market.
Image source- Hootsuite
Always keep this in mind, the core purpose of social networking sites is to build social connections but it doesn’t restrict us from making money through it. In fact, the advertisement on social media like Facebook ads, Twitter ads or LinkedIn ads are provided for leads and sales generation primarily. Hence we should not annoy our users just with promotional offers. The correct way is to keep mixing the informative posts with the promotional ones. This technique helps us to build an audience and business together on social media. So, let us show how to actually make a lot of money through social media. Here are the 4 ways to mint a million dollars through social media.
Minting Dollars On Social Media By Affiliate Marketing
One of the easiest and best ways to make money online is through Affiliate Marketing. To make it simpler for you, affiliate marketing is a way to mint money by promoting products/ services of other companies (like flipkart.com etc.) by utilising your affiliate links, which you can avail on signing up with them.
There are many companies which offer a good amount of money for affiliate commissions like Amazon, snapdeal, booking.com, and many more. If done in the right manner, it can earn you as good as a 6 figure income on a monthly basis.
Flipkart`s affiliate program
Always keep this in mind that it is always a healthy practice to add a disclosure about your affiliate links to your audience on social media handles. Again, do not annoy your social media communities with your affiliate links as this will irritate people. Make it a point to maintain a healthy ratio of informational, which are of interest to your viewers to the promotional ones (with your affiliate links).
How To Mint Dollars On Social Media Via Your Own Products
The second way to mint dollars is from your own products with digital and physical. I would recommend you to start selling your digital products first. Digital products like ebook, courses, webinars, etc. This is because digital products are easier to create and promote. Even the costing of a digital product is less when compared to the physical products. For example, you can list your ebook on Flipkart and then promote the link to your ebook on different social media platforms. Once the sale starts, all you have to do is count since it is a digital product. You can even sell the digital product multiple times, unlike the physical product.
Physical products, on the contrary, requires huge capital in the initial stages and one should go behind physical products only once the product idea is validated and have surplus capital to put in the development of physical products. Well, physical products like designer clothes, arts or other living products are comparatively easy to develop and sell them online.
Once you have decided on your product (digital or physical), you can easily sell it on different social media networking sites like Facebook, Twitter, Instagram, etc or you also sell it through e-commerce websites like eBay, Flipkart, Amazon or any other e-commerce websites that allow such selling
How To Mint Dollars From Social Media Using YouTube
Running a successful channel on YouTube is not easy, in fact, nothing on social media or the internet is not easy anymore. It demands a lot of planning, consistency, dedication and creativity to build and run a successful YouTube channel.
Once your channel videos have crossed at least 10,000 public views, you are entitled to apply for YouTube Partner program. You can go to youtube.com/account_monetization to have a look at your channel`s total view count. Along with this, your channel also has to adhere to YouTube`s Partner Program Policies to get approved.
Follow the following steps 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.
Push your videos as much as you can using your other social media also even by starting social media advertisements on Facebook, Instagram, Twitter, etc. This way you can push your youtube videos and get a boost in the number of views on your videos. Simultaneously you will start making money from the advertisement which will get displayed on your videos by Google.
How to Mint Dollars On Social Media By Starting A Coaching Business
If you are blessed with a special skill which you feel you can teach people online, then you should go ahead with the idea of starting a coaching business. You can have your online sessions conducted video calls on Skype or Facebook.
One approach to starting your own online coaching is to build your personal brand first. For example, if you are expert in public speaking, then you should start networking and building your personal brands on sites like LinkedIn, Facebook and Twitter. You should have a social media strategy and content calendar. This will help you to create good high quality content.
Once you have a sufficient number of fans and followers on different channels, you should start promoting and selling your online coaching service. Your coaching service can be offline too but that entirely depends upon your business goals. But it is much easier to do online coaching as it does not involve overheads like a classroom and other conference equipment. You just need an internet connection on your laptop, to begin with!
Once you have achieved a good number of likes and followers on different social media websites, then you should start boosting and selling your online coaching classes. Your coaching can be offline as well, but it will all depend on your goals and target audience. But it is simpler, easier and convenient to do online coaching as it does not involve a lot of commercials like that of classrooms, benches, board, etc. All you need is a fast and active internet connection on your computer and you are good to go.
This wraps up our blog on. Do check out our other blogs, the links are given on the right. We would love to hear from you, please write your views on in the comment section below and do share the blog with your friends, relatives who want to mint dollars from social media.