If you have a relatively big social media following, or you know that you can easily get to this point, then you might actually be able to monetize your platforms! Monetizing with your social media skills is not only possible, but it can actually be life-changing!
In order to monetize your social media skills, you have to ensure you have active followers who love what you do and are loyal to you. Read on to learn more about the different things to do with your social media platform that can help you earn extra income.
1. Offer a Service or Coaching
If you have a skill or talent that other people may value, then social media can be an excellent tool to help you with your marketing. For services, think graphic designing, copywriting, web development, or even financial advice, and really, the options here are limitless.
By posting engaging content that highlights your skills and capabilities, you may be able to score some new clients for yourself. The same goes for life coaching, career coaching, and even business coaching, as well as other similar paths that you could advertise on your social media accounts in order to increase your revenue for rendering these skills.
2. Brand Partnerships
If you have an established following on social media, partnering with other brands is another way to monetize your platforms. Brands that partner with you may offer free merchandise in exchange for you featuring their products in your content. Depending on what they offer, they may even pay you in cash directly.
3. Become an Affiliate
Earning passive income on social media can also be achieved through affiliate marketing. Tons of bloggers have been leveraging affiliate links for years, which has earned them sizable chunks of income. For this to work for you, you need to find an affiliate program that contains products that you love and stand for, and these goods also need to be something that speaks to your followers.
4. Sell Merchandise
Creating your own line of merchandise is another great way to earn some extra coins through your social media accounts. The options are pretty unlimited for the different types of things that you could sell if you sold merch or even opened your own online shop that you can promote through your social media platform.
5. Join the Creator Fund
If you are on TikTok, then joining the creator fund might just be the right thing for you. Certain criteria need to be met, but if you manage to qualify for this, then it could be a great way to increase your income through the platform. As long as you create popular and engaging content, you will very easily be able to earn some coins through this method.
6. Go Live and Get Gifts
Earning money when you go live on TikTok is another great way to increase your streams of income. With this, your viewers can send you virtual stickers or gifts that allow you to collect diamonds that you can cash out as money later.
