The Internet opened new business perspectives for professionals all over the globe. World Wide Web changed the way we live and do business, so now you can earn money online in a number of ways. This includes endeavors like blogging, affiliate marketing, eCommerce, freelancing, and many more profitable activities.
However, a lot of people still don’t understand that social media can also be used as a means of profit generation. With over three billion daily active users, Facebook and other platforms allow individuals and organizations to target almost half of the global population.
In such circumstances, the only logical question is: How can I make money on social media in 2019? Keep reading our post to find it out!
How to Prepare for Social Money Making?
The first thing you need to do is to get acquainted with the target platforms. As a social business person, you have to do the following:
- Know the rules of business and advertising for each network individually.
- Figure out all of their features and learn what you can do on a specific platform.
- Stay up to date with the latest industry trends.
Once you’ve got everything under control, you should carefully select the optimal social networks for your business plan. Each platform is more or less different, so we recommend you to focus on one or two-channel that can attract the majority of your audience.
When you make a choice, it is time to focus on the technical aspects of the business. We will divide the process into three major steps:
Create a professional account
No matter what you do and which platform you choose, you need to create a good-looking account that screams professionalism and authority. First of all, you need a standout profile picture that proves you a real person who looks totally credible.
Gregory Sock, a digital marketer at essay review, says that the next step is to write a perfect social account description that clearly reveals your field of work and expertise: “That way, you can let the world know who you are and what makes you so special and unique. Of course, you should always add a link to your website in order to drive more traffic.”
Grow your follower base
You can hardly grow revenue on Facebook or YouTube if you don’t grow the follower base. The only way to do it is by publishing high-quality content that evokes curiosity and inspires people to keep following your account.
Become a thought leader
The next step is critical since industry thought leaders tend to earn a lot of money through their social media accounts. For instance, 97% of Instagram influencers charge up to $500 per post. But how do you become a key opinion leader in your niche?
The process is relatively simple – just keep publishing quality posts day after day. The best tactic is to follow the 80/20 rule: publish 80% of educational content and leave only 20% for promotional messages. If this sounds like a bit too much, you can always consult with professional content creation agencies like https://www.a-writer.com, Paper Writing Service or Essayshark.
How to Make Money Using the Most Popular Platforms?
Now you know how the system works in general, but you should also pay attention to the peculiarities of the most popular social platforms. Facebook, YouTube, and Instagram are by far the most interesting money earning options, so we want to discuss each one briefly here.
The best thing about Facebook is that practically anyone can earn money on using this platform. The list of things you can’t sell on Facebook is very short and only includes items like alcohol, firearms, tobacco, and similar. The platform allows you to make money in a number of different ways
- Sell through local buy or sell groups
- Use Facebook Marketplace
- Earn money with friend referrals
These are only some of the popular options, but you can discover many more as soon as you get to meet all the peculiarities of the Facebook business.
Instagram is not offering you as many sales options like Facebook, but it is great for product-oriented businesses. If you are an influencer with a decent number of fans, you can join the affiliate marketing game. Another option is to get paid for product promotion when you publish sponsored posts. Thirdly, you can sell images in case you are a professional photographer.
YouTube allows content creators to monetize videos in case they have at least a thousand followers and four thousand watched hours in the previous 12 months. When you activate this option, you can start earning money through YouTube ads, sponsorships, and channel contributions.
Social media attract billions of users on a daily basis, which gives you a big opportunity to launch your own business and earn money aside. All it takes is a little bit of creativity and a proper marketing strategy to exploit the popularity of Facebook, Instagram, and other networks to the fullest extent.
We showed you a step-by-step guide on how to make money on social media in 2019. Keep our tips in mind and feel free to leave a comment if you have anything else to add or ask us a question – we will be glad to answer you!
Lauren Adley is a writer and editor. She is dedicated to her family, work and friends. She is keen on reading,doing sport, playing the guitar and traveling. She likes visiting new countries and getting new experience. Books, meeting new people and music are the things that inspire her very much. She is interested in educational, marketing and blogging issues. Feel free to connect with her on Twitter.