2020 has been a tough year financially, and you may be looking for additional ways to increase your income while still working your 9-5 (or you may want to become the next Kim K).
This article will show you how you can smile when you see your bank account by how to make money on something we all do every day – social media.
So, let’s learn how to “make it rain”!
Table of Contents
How to Make Money on YouTube
YouTube has 1.9 billion users who log in every month – that’s half the internet!
500 hours of video footage is uploaded to the site every minute by users around the world.
The trick to making money on this platform is to become a YouTube affiliate.
YouTube Affiliates have multiple income opportunities ranging from YouTube
Premium subscription fees, ads powered by AdSense, features that directly access your viewers’ wallets like Super Chat, channel memberships, and the merch shelf.
YouTube 101
Step 1. Start a Youtube Channel!
Step 2. Make sure your channel meets the YouTube Partner Program requirements. You’ll need at least 1,000 subscribers and 4,000 watch hours to achieve this (over the last 12 months). So, how do you obtain more of those all-important YouTube views? Easy:
Step 3. Set up an AdSense account
Step 4. Explore all monetization features
Step 5. Conduct ongoing checks.
As a YouTube partner, YouTube says your channel will be held to a higher standard. Always stay on the right side of copyright laws by adhering to all policies and community guidelines.
How to monetize with YouTube
Each monetization channel has different eligibility requirements.
For example:
- Ad Revenue: To earn Ad Revenue, you must be at least 18 years old and create ad-friendly content.
- The less controversial your videos are, the more comfortable YouTube advertisers will feel about running ads on your channel, and of course, the more money you’ll make!
- YouTube Premium Earnings: When a YouTube Premium member watches your video, you get a portion of their subscription fee. (This one is fully automated, which is convenient).
- Channel Memberships: In order to sell channel memberships to your subscribers (meaning your fans choose to pay you an additional amount), you must be at least 18 years old and have more than 30,000 subscribers.
- Merchandise Shelf: To sell merchandise from the YouTube Merchandise Shelf you must be at least 18 years old and have at least 10,000 subscribers.
- Super Chat Payments: If you want your fans to be able to pay to have their messages highlighted in your live chats during your live streams, you must be at least 18 years old (and live in a country where this feature is offered will).
How to make money on Twitter
Step 1: Create a great Twitter profile.
- Add links to your website if you have one and links to your other social media accounts
- The trick here is to make sure it looks like you’ve put some effort into your account. (It shouldn’t look like a shady account used by trolls.)
- A profile photo of you or your company logo
- A Twitter handle and a username is both important (your name or company name).
- An attractive biography
- A link to your blog (if applicable)
- A completed Twitter profile helps your followers get to know you and build a trusting relationship with you or your brand.
Step 2: Get a following
How do you increase your Twitter follower if you ask?
Well, we all know that accounts without followers don’t increase engagement.
The easiest way to get more followers the right way (and not buy fake followers from those who sell them) is to just be active and consistent.
You must regularly post content and interact with users on Twitter by retweeting, liking, and commenting.
Make sure the content you share on Twitter is relevant to your niche or industry, and use hashtags to expand your reach.
You can’t tweet politics all the time when you’re selling beauty products! Do you understand what I mean?
Some more hacks that will put you on the path to more followers:
- Take some tips from them
- Add your Twitter name to your email signature along with your other social media names if relevant to your business
- Promote your Twitter profile on other social media platforms
Now that you know the basics of Twitter, let’s get to the fun stuff!
Step 3: Get your tweets sponsored
When you’ve established yourself on Twitter with a large following of dedicated fans, companies are actually paying you to Tweet about their products, services, or brands.
If you are popular on Twitter, you can easily reach out to the brands you love to promote their product and get paid to tweet.
Alternatively, there are a number of online platforms that can help you connect with companies willing to pay for tweets.
These include:
These platforms bring together marketers and influencers, as well as consumers with well-known profiles.
Step 4: Harness the power of affiliate marketing
This doesn’t just apply to bloggers and YouTube promoters.
In short, affiliate marketing is just the promotion of other people’s products.
If someone buys the product using the link you shared, you will receive a commission.
One of the great things about affiliate marketing is that you don’t need to have a large Twitter following to get accepted into affiliate marketing programs.
To find affiliate products to promote on Twitter, create an account on an affiliate marketing network such as:
Try to think about the products you are promoting and make sure they fit your brand.
For example, if you are promoting SaaS (Software as a Service) products, find out which platforms pay the best.
How to make money on Pinterest
Pinterest is a photo-sharing network, but it can be so much more if you take advantage of all the opportunities it offers.
As of November 2013, Pinterest had 70 million users and received 2.5 billion page views per month. So you have all that traffic right, why not take advantage of it?
There are many ways to make money on Pinterest – let’s take a look at some of them.
Step 1: Build an audience
Choose a target group, such as B. Women who wish to learn how to renovate their homes on their own. Make a Pinterest account and post boards that will appeal to this demographic.
Get followers on your boards. You don’t need a lot of followers to sell to your audience.
Once you have a solid following (1000+), marketers will come back to you with offers.
Step 2: Get sponsorships
After finding your booth, you can then select companies that offer products that will appeal to your audience.
Share your Pinterest account stats with the companies you target and solicit sponsorships.
Offer them a deal, e.g. B. They can use their branding on your account for an agreed duration.
Step 3: Affiliate Marketing
Affiliate marketing on Pinterest isn’t just for established brands.
Take advantage of this beginner-friendly way to check out on Pinterest.
Find companies that sell products that fit your brand and that you can promote, then sign up as an affiliate.
Promote the products on your boards with your personalized affiliate links and, BOOM, money!
Step 4: To acquire traction, use SEO (Search Engine Optimization).
People need to be able to find your pins and boards easily, so using SEO strategies is the best way to add some traction to your account.
Not only will you be found on Pinterest, but also on search engines like Bing and Google.
Make sure your “About” section on your profile is on point.
This is where people get their first impression of you.
Make sure you’re descriptive and don’t offend anyone before they’ve had a chance to engage with your content.
Pin descriptions are limited to 500 characters, so make the most of them by including keywords and other SEO methods.
your keywords flowing and not the shady spam trend that’s been doing the rounds lately.
How to make money on Snapchat
Snapchat is a fantastic way to make money.
Snapchat allows its users to earn tons of money thanks to “Snapchat Premium”. Users can share explicit images confidentially.
Snapchat lets you sell selfies, emojis, masks, and filters. The app can also be used to make video calls.
Snapchat has been around for eight years and its daily active users have surpassed 118 million.
According to a 2016 study, Snapchat had more daily video views than Facebook and more daily active users than Twitter.
Step 1: Build an audience
Snapchat has great monetary potential.
You can use the connections you make on Snapchat to make money online.
To connect your friends and personal contacts to Snapchat, use other social networking networks like Facebook.
- People will reciprocate if you promote them on Snapchat
- your Snapcode in posts and articles
- Post to your story daily and regularly, but be careful not to overdo it
- You can activate a coupon that offers a discount, promotional code, or cashback
Step 2: Advertise
You can use your Snapchat platform to promote content products like e-books, video courses, or audio programs that fit your brand to sell to your followers.
Step 3: Affiliate Marketing
You can also do affiliate marketing on this platform and make money from SnapAds.
These two options don’t pay much money, but if you’re consistent, the coins add up.
How to make money on Instagram
Instagram has taken the world by storm in less than seven years.
Nobody predicted that this basic photo-sharing software would become the Beyonce of apps.
It has quickly doubled its user base to 700 million users in the last two years.
Since Instagram Stories launched in August 2016, its growth has exploded.
Let’s get down to business and chat about what you truly want to know. How to make $200-$10,000 a month from Instagram.
With a very diverse audience on Instagram, everyone has an opportunity to make money.
Step 1: Build your audience
As I’m sure you’ve seen, these influencer accounts have a huge following.
Now you don’t need to have a huge following, but you should have some reach.
Use hashtags and engage with influencers and brand sites until they notice you and the content you post.
Also, don’t be afraid to reach out to micro-influencers to collaborate if your brands match.
One successful IG strategy is giveaways.
They are usually made so that a growing account gives away a product with a call to action
If you and three of your friends follow, like, and repost pictures, you have a chance to win.
This is gaining huge traction and the numbers are growing like crazy until it’s time for the draw.
What is important, however, is that your posts have engagement from your followers and you aren’t stuck with “ghost followers” who don’t like or engage with your content.
To stand out, make sure your captions are on point, have high-quality images, and produce video content.
Whether on IGTV, in your stories, or in interactive video posts.
Step 2: Sponsored Posts
This is the most common way to make money on Instagram.
We’ve all seen the #ad that made Kim Kardashian-West famous, now the question is – can you do it with your few thousand followers
People with over 7 million followers can get up to $150,000 per post.
However, these sponsored ads’ feature is not practical for someone with a small following of a few hundred.
If you have a following of more than 3000 and a high level of interaction with your audience, you’re good to start.
You can now reach brands and request sponsored posts.
Once you gain momentum, you don’t have to anymore as brands knock on your door (slide into your DMs) with their sponsored ad requests.
Final Thoughts
So I hope this article has inspired your inner entrepreneur and that you are ready to shape it using YouTube, Twitter, Pinterest, Snapchat, and Instagram.
A few takeaways that apply to all platforms:
- Stay true to your brand and authentic
- Share and learn with those who made it on the platform
- Be consistent and don’t drop the ball because you’re easy to forget on social media
Most importantly HAVE FUN!
To Your Success!
