You don’t need a huge audience to start earning money from your social media account. In fact, according to some statistics, micro-influencers get better results than influencers with larger fanbases. In the following, you will learn more about the best ways to make money on social media platforms and be inspired by some of the best creators who are quite a while in the business.
Set up an OnlyFans Profile
OnlyFans is one of the best platforms to monetize your creative skills and earn that extra buck. This is not a platform intended only for nudity and explicit content. You can be as creative as you’d like as long as you attract your niche audience.
All you need is a trendy theme upon which you’ll create your content and learn about particular methods to engage your audience. A good example of creators leveraging these methods is these free OnlyFans accounts models who’ve been monetizing their content for a while now. It’s not all about looks, there’s something in the intellect as well!
Build a Paid Membership
One of the most popular ways to earn money online is via selling exclusive content, accessible only to followers who pay a subscription. Platforms like Patreon have emerged from the dead in the last couple of years and have witnessed a boom among the audience.
Video sharing social media platforms like Twitch and YouTube launched competitive features to stay ahead of the competition. Even Twitter has a “super follow” feature that allows users to subscribe for exclusive content.
John Bonini, one of the content creators who used methods to engage and relate with the audience said that the best advice he could give is to “find ways to allow others to relate to you”. He also recommends that we forget about the algorithms and start making something good.
According to John, this is a useful tactic to grow your audience and eventually monetize from it. Well, shoutout to John for being such a delight in sharing his thoughts and experience with us.
Promote Via Affiliate Programs
Another way to earn money on social media is by promoting brands that you like and linking to their affiliate programs. Even though some brands have their own affiliate programs, most brands have their programs accessible via an affiliate network.
There are different affiliate networks and each of them collaborates with different brands. You need to choose which brands you want to promote and apply. Another option you can try is to use a platform like Skimlinks where you will get access to up to 48.500 affiliate programs across the globe.
Partner With Brands Directly
Partnering with brands directly is a classic way of making money on social media. One of the successful YouTubers who do this is Julie Nolke. All you need is a good system for promoting the brands, giving a thorough explanation about the products or services these brands offer, and invoking a call-to-action strategy.
Additionally, you can get brands to sponsor video series. For example, if you like traveling or you are a travel agent, you can get some travel agency to sponsor your trips to particular countries with the sole purpose to do the marketing about the agency. Plus, you can get commissions.
Influencer Marketing Platform
A great way to earn money on social media is by joining an influencer marketing platform. It might require you as much or as little time as you put into it. Platforms like ShopYourLikes connect the influencers with brands so they can collaborate.
Most of the platforms require a certain number of followers before you can get approved and monetize from them. Some of these platforms focus on the links, while others emphasize the marketing of Instagram stories. Once you are approved on such platforms, you can access your performance dashboard and check all of the brands you can collaborate with.
Pay attention to the things the audience responds to as these are the things to keep them engaged. You can put your focus on what’s selling best and recognize the earning potential of certain items.
Sell Your Merch
Lastly, selling your merchandise on social media is an excellent way to earn money online. You can start by creating your shop where you need to upload your designs. Later, you can promote your shop on your social media channels, engage your audience and convince them why they should purchase from you. Your merch needs to be something different, trendy, and in-demand so you can hit your profit margins.
Try These Methods Out!
Now that you know some of the best ways to make money on social media, give each method a try and see which one suits you best. Diversification is crucial, so remember to not put all of your eggs into one basket!