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How To Make Money Through Social Media:
Making money on social media in 2020 is something that a lot of people want to do, and many people are still wondering, how do you make money on social media? How do you make money on your YouTube? and what kind of money can you make through your YouTube channel?
We will be talking about a couple of things that the experts have done to make money on my social media. You can use them for yourself as well, even though you might have a small following if you have a big following, then these things are unique tricks that will work as long as you have a dedicated audience that is dear to support you because that is going to be the core of the whole thing.
let’s dive into them,
What Is Crowdfunding?
The first thing that people want to talk about is “crowdfunding” and this is something that people have been taking advantage of since the beginning when it all started plus, this is something that works well as long as you provide your audience with content that they like.
There’s a bunch of people out there that want to support people that are on the rise and are starting to make a name for themselves, and if you’re starting out by making a YouTube account or maybe an Instagram account and you’re posting content that people enjoy a whole lot then having a crowdfunding page can be really good because then your followers have the opportunity to go in there and support you and maybe get a couple of extra perks because of the donations.
like any donation when you’re starting out, it’s going to be super important because that is someone out there supporting the work that you do even though they don’t get anything more than the content that you enjoy producing, which is exceptionally good for you and your channel revenue, it’s also one of the easiest ways to start making money on your social media.
Get Yourself A Digital Product!
The second way to make money on social media is to have some sort of digital product that you can offer to your audience, it can be like some sort of preset for your photos or LUTs for your videos, and maybe you have paintings, drawings or photos or whatever it is that you can come up with because having a digital product is something that doesn’t cost you when the product is finished, so say for example that you’re a photographer. You have some really good photos lying on your hard drive.
You can turn those into digital prints that people can purchase through your website, and you don’t have to invest anything related to the product, and this is something that doesn’t cost you when the product is finished, you don’t have to do any of the work at all because you’ve already taken the product and you can offer them for sale.
If someone purchases the product, then you’ve made some money from those prints without having to go out and do the work, so having a digital product is something that only takes time when you create it, but it generates value over time.
You Can Always Start To Drop Shipping!
Another way that you can make money from having digital products is going to be “drop shipping” because drop shipping is basically a business where you create a product, but you let someone else produce that product, whenever someone purchases it from your website say for example, that you want to purchase one of your friends, drop shipper’s caps and he can make a drop shipping cap that is produced when you are purchasing the cap from his website but he’s not actually doing any of the work because the work that he did was setting up the product so that it was possible to drop ship that product to you when you purchase it.
The only downside with this is that you’re not going to be able to make as much profit from selling the cap as if you were to have the stock in an office of your own but the thing is you don’t have to spend any time packing the order printing out the label or sending it away going to the post office and instead of doing all of those things you take a small piece off the profit that that cap made when you solve it using drop shipping is definitely something that is highly recommend.
if you want to start a clothing brand or if you want to start a merged brand or if you want to sell some caps to your audience or something like that then this is the way to go.
The 3rd way to make money on your social media is going to be through sponsored videos and sponsored posts you don’t have to have like a huge following to be able to do this because you’re probably using a couple of products right now that you like on a daily basis and it doesn’t actually hurt to reach out to those companies asking them and say, hey! I am having this social media account and I would love to see if you’re interested in some sort of collaboration with me because I enjoy your product a lot!”
Then maybe the company likes your e-mail and they reply and say “Hey! you know what? we’re going to send you a couple of things and if you can take some photos of them and post them on your social media that would be great!”
and if that happens you’re going to end up with a free product that you got sent to yourself from the company that you actually like what you can do when you’re done taking the photo of that product is you can sell that to make a profit from that product without having to invest anything else than your time, but if you want to keep up a good relationship with that company then you keep the product, you can keep posting videos or photos with you actually using that product and then contact them further down the road to see if they’re interested in having a bigger collaboration.
And don’t hesitate to reach out to companies and ask them if they want to have some sort of collaboration but make sure that the post that you are creating actually is relevant to the company that you’re reaching out to, because say, for example, someone who creates content about cameras was to reach out to IKEA, they probably wouldn’t be as interested and they wouldn’t make them promote their furniture on their social channels because they don’t do Furniture or interior and kind of stuff that IKEA is known for, but if the same person were to reach out to Sony, for example, they would probably be way more interested in having some sort of collaboration with that person because his channel and Instagram is more oriented towards the products that they sell.
Get Your Channel Monetized! Plus, What Is Affiliate Marketing?
Now comes the 4th way to make money from your social media and it is going to be to monetize a YouTube channel and get over a thousand subscribers on your YouTube channel and 4000 hours of watch time this might sound like a really hard thing to do which it is, we’re not going to say that it’s easy because it’s not, but it is possible and it’s definitely something that you can work for if you really want to do that and one of the reasons that I think having a YouTube channel is going to be one of the best ways to make money on social media in 2023 because even though you don’t have a monetized YouTube channel you’re still going to be able to make money off of your YouTube channel.
If you know about something that is called “affiliate marketing” then you know what we’re talking about. Affiliate marketing is basically getting affiliate links for a product or a service that you partner up with a company to promote, and you get paid for every conversion that someone makes through your link.
With that you can make money when people purchase from that link and one of the absolute biggest affiliate partners that are out there is going to be “Amazon affiliates” What is really good about Amazon is that they have literally everything you can imagine that people would want to buy like everything from makeup to hardware products and everything in between like there’s such a huge variety out there on Amazon and things that people actually buy that you can utilize.
For example you have a channel that is oriented towards gardening, and you want to sell gardening tools because you are making videos on gardening in this case, it doesn’t really matter if you have hundreds of subscribers or 150 subscribers because if they are really dedicated to your channel and what you do then they might support your videos and your creations by purchasing things from the links that you include in the video description.
How Important Is Affiliate Marketing Through YouTube?
Looking at most YouTube channels when they first start their journey, they normally don’t have any affiliate links at all and the only thing that they include is a link to their website if they have one and their Instagram and that’s it. What they need to realize is that having affiliate links in the description of their videos is a game changer for the revenue they are generating.
Amazon affiliates are one of the best ways to start making money from your YouTube channel even though you aren’t monetized on your YouTube channel and the best part is that when you’re utilizing the description of your videos to post affiliate links is that you can always go back and update your video, so say for example that a video of yours is taking off like crazy, it’s going to the moon and getting millions of views then what you can do is to go back and update the description of that video and include your new affiliate partners into that video and start making revenue from an old video even though you have some new affiliate partners
The amount of money that you can make on affiliate partners is totally insane when you start breaking it down. when you’re using your affiliate links, something that most experts highly recommend you to do is be creative with your links, because then you can use them on Instagram, Twitter, Facebook, YouTube whatever you can come up with that is going to be like one of the best sources of revenue that you can get when you’re just starting out the hardest part when it comes to social media.
Is that you still have to do all the hustle and all the work that you otherwise would have to do on a daytime job but you have to do it on social media instead so consistency, perseverance, following the trends, using the right hashtags, engaging with your community all of those things are super important if you want to be able to make money from your social media but when you do all of those things and apply the different techniques that we discussed in different ways then you can make money then you can turn that into a full-time job which is pretty cool.
We really hope that you got the information that you were looking for, we wish you the best of luck on making your first bucks through social media, don’t forget to implement the above-given instructions when you start your journey, and make sure to stay resilient and consistent if you want to get your first paycheck soon! We wish you the best of luck in your future endeavors!