Digitally Global’s take on how to make money through social media for SMBs. Why not take the opportunity to generate some extra revenue?
We are aware of how important social media is for getting the word out about your business and connecting with your customers. But it’s good for more than those connections – You can make money using social media too, apart from connecting with clients.
It’s easy to feel overwhelmed when you’re running a business, but it doesn’t have to be. It is quite simple if you start on Facebook and then expand your business’s social media presence as needed in other relevant platforms. Why do we recommend starting with Facebook? More than two billion users are already registered currently. Plus, it’s super user-friendly; even the most tech-illiterate can enjoy themselves without having an anxiety attack every time they log into their page.
Here are the 5 easy-to-implement, actionable tips that will help any business to maximize its online income.
Commission From Sponsored Posts
Make money from social media promoting the products or services of other businesses. This is known as sponsored posting and it’s a direct way to earn more cash on your page! Brands will offer contracts for posts that show up on relevant pages, with users clicking away when they see them pop-up – making you richer with every single click.
The best way to advertise on social media is with sponsored posts. With a little research, you can find the right platform for your needs. Twitter is a great way to make money from social media. Did you know that they have something called Sponsored Tweets? This allows businesses and advertisers to pay for tweets on Twitter to promote their products or services. If your company has interesting material, this could be the place for you. Amazon makes it simple to promote affiliate products through its Amazon Associate program. Amazon pays you a certain percentage every time a sale happens from your shared link.
Build Paid Memberships
An exclusive content membership platform has been one of the most popular ways to make money on social media recently. Platforms like Youtube have launched features catering specifically to this phenomenon. Even Twitter is now testing a new “Super Follow” feature enabling users to charge a subscription fee in exchange for special access to exclusive content.
Join Influencer Marketing Platforms
Influencer marketing, a new-age form of advertisement and promotion for brands to get their products seen by the masses. ShopYourLikes is one such platform that connects influencers with businesses looking for them. The requirements are stiff though – as you need quite a lot of followers before they’ll approve your account, but once approved it’s easy to work together on Instagram stories or Facebook posts.
Review Affiliate Products
You might be wondering what the point of an affiliate product review is. You can make money by reviewing these products and companies will pay you for them! People with similar customer bases are sought out to do reviews. For example, say you run a salon. A shampoo company might ask you to publish a review of their newest product on your blog or YouTube channel every week in exchange for payment per video upfront as well as compensation based on how many views the videos generate within the first month after being published.
Sell Your Products/ Services
Social media is not just for personal use. Businesses can also reap some of the benefits by using social networks to expand their reach and sell products online instead of in person at a physical store location. Some sites even offer virtual storefronts that allow you to manage your entire business from one place, making it easier than ever to create an income stream without having any brick-and-mortar locations.
For more information on how to sell your products or services online, click here!
No matter how your business uses social media, the fundamental rule is to stay active. If you have a Facebook page for your company but there hasn’t been an update in six months, those followers will start losing interest. To make money from social media, these followers need to keep coming back and learning more about what you’re up to!