3 Ways To Earn Money On Social Media
February 4, 2016
in Social Media
Over the past years, Instagram has become a real force to be reckoned with in the marketing world. It has gained 100 million monthly active users since January, with the total currently sitting at a hefty 400 million monthly and 75 million daily users.
So it’s no surprise that companies are now dedicating a substantial percentage of their social media-marketing budget to this social media platform. So what does that mean for you? How can a regular person make money on instagram and other social media networks?
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If you’re prepared to put in the time and commitment, you might find yourself in a position where you can start making money from your Instagram, facebook and twitter accounts. Still not sure what to do? Don’t worry we can help! We’ll guide you through the main ways to cultivate an income through social media and make a name for yourself in all the right places.
Step 1 Get followers
First thing’s first: what’s your following like? You should know from the start that you will need to build a following. If you’re lacking in this department, there are a few simple ways you can increase your amount of followers whilst building a professional look for your account.
Reciprocation: You cannot expect all interaction to come directly to you. Make time every each day to engage with your followers and comment our their posts and updates.
Update your bio: This includes your contact information, what you post about and where you’re from. Add in a few keywords and even a couple of hashtags to ensure you’re easily findable by the right kind of followers. Something like: girl next door with a love for fashion and make-up.
Use relevant hashtags: It’s unlikely your images are going to travel very far without relevant hashtags. Familiarize yourself with the best ones to do with your field of interest and make sure you are including them in every single post.
Take good quality, interesting photos: Which leads me to my next point! Make sure your images are of the best quality with attractive effects. There’s no point posting a bad photo, so really take your time to make sure you are producing ones of the highest quality.
Post regularly: To grow numbers, you want to be posting several images every day… but be warned, don’t post all at once or this will actually work against you! If you can’t commit to that many posts, then just make sure you are publishing one quality photo every day.
Okay, so you’ve increased your followers –Now it’s time to start making money.
1. Affiliate Marketing – Affiliate marketing is basically when you promote a product and get paid per sale. You’ll often see bloggers doing this with sidebar banners promoting their partners (affiliates), or even through specific product inspired posts.
3. Sell your photos – An obvious one, surely? Why not use Instagram for it sole purpose… to showcase your photography?
If you’re a professional (or amateur but keen!) model or photographer, Instagram is a great way to advertise and sell your shots to either individuals or agencies. Add a watermark to your snaps and use the captions to list all selling details in a concise manner.
2. Create Sponsored Posts (Find Sponsors!) – Instagram users with engaged followings can earn extra money by creating original sponsored content for brands. Essentially, a piece of sponsored content on Instagram is a photo or video that highlights a product or a brand. These posts are accompanied by captions that may include branded hashtags, @mentions, or links.
Brands don’t typically require a formal brand ambassadorship for creators of sponsored content, but it’s common to for them to tap certain influencers for content time and time again. However, it’s important that any brands or products you promote are a good fit for your own personal image on Instagram. The idea is to show off brands that you can personally get behind, and to show your followers how that brand fits into your lifestyle.
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