Social media platforms such as Facebook and Instagram have steered countless budding businesses into successful empires. However, this sort of success is down to your ability to grow a large following and build loyal and long-lasting relationships. Such relationships are based on trust, thus, you need to engage actively on your social media accounts and generate real followers.
With its growth still on a high, social media has opened up unimaginable possibilities for both businesses and individuals. If you have a huge following on any social media platform, there is a high possibility that they will look into your recommendations by opening the links you share. This kind of trust provides you with an opportunity to make extra money in the following ways.
Create and sell products
To accumulate a large and loyal following, you must have demonstrated some consistency and expertise in a certain niche. You can start by creating a blog where you can further exhibit your knowledge and know-how on the subject matter. If the response is positive, you can take your expertise a notch higher by creating e-books, videos, and audio courses and sell to your audience. The catch here is creating quality content and promoting it effectively.
You can promote the products and services of other businesses on your page and get paid. Sponsored posts are one of the most direct ways of making money on social media. However, you need to have a large following to get this opportunity. A certain business may have a sizeable target audience among your following based on common interests or niche.
As such, they pay you a certain amount of money to promote their products on your page with the hope that your large following will take interest in their products or services. However, you need to be cautious and don’t get carried away. You may lose followers if you turn your page into another advertising board. You can visit Income Artist to learn more about how to make money through sponsored posts without ruining your own brand image.
Promote Affiliate Products
There are numerous sites that offer commissions if you promote their products. Look for great products that might be of interest to your audience and promote them on your page for commissions. You can get such products from Amazon or ClickBank among other affiliate marketing sites.
The most effective way of associate marketing is by using a product and writing a genuine review on your blog to share with your audience. Whereas it’s a legal requirement to disclose your affiliate association, it’s also a gesture of honesty to your followers.
Set up Shop
You can start up an e-commerce shop to promote and sell your products. Instagram for instance, provides an ideal platform to promote your products or services. If the goods or services you are offering appeal to your audience, you can make a lot of money through conversions. Just craft a well-thought marketing strategy and make it a habit to create compelling content to promote your online shop.