One of the great benefits of the internet is that it makes earning money from home easier than ever before. This might be through selling your old clothing on Ebay or Depop, it might be through winning cash on the latest new bingo sites, or it might be through filling out online questionnaires and surveys. In this day and age, you can earn cash from the comfort of your own home pretty easily, and some social media influencers are taking this to the next level. Not only do they make some extra cash on the side, but they often earn their entire incomes from social media alone.
This post will share a few ways to make money online, which can be side hustles or full incomes depending how much time you invest.
Promote Products For Brands
According to the influencer management platform Traackr, 72 percent of major brands say they are dedicating a sizable portion of their marketing budgets to influencers —people with a strong relationship to an audience who can heavily sway decisions like purchasing habits. Generally only people with substantial social media followings get approached, but as marketing through social media becomes ever more the norm, more and more people are being asked to promote products to their audiences. Some social media influencers with significant followings will be paid several hundred pounds to recommend a brand to their audience. People with a smaller following may be approached by smaller brands, who might pay a hundred or so pounds for your recommendation. You are much more likely to be approached if your social media account is open for the general public to view, although you should always be cautious about changing your settings to “public”, and keep in mind that this isn’t a guarantee that a brand will get in contact with you.
Run An Online Instagram Shop
Perhaps a more practical way to earn cash through social media for most people would be to run an online shop, which you can easily do through Instagram or Facebook Marketplace. If you are particularly artsy or crafty, then selling your work and creations in this way is especially great, because it means a wider range of people can see your products. You can also save on advertising costs by doing it all yourself online, through your Instagram, Facebook or Twitter. A lot of people are on the lookout for individual pieces that are different and unique, and social media allows you to market your products in a really creative, accessible and affordable way.
Even if you’re not especially creative, social media is still a great place to sell things, especially second-hand pieces that you no longer make use of. People love a bargain, so places like Facebook Marketplace have become extremely popular for second-hand items, especially with sustainability becoming a bigger priority for a lot of people lately. Books, games, clothing, furniture, various electronics and a bunch of other things are all currently listed on Facebook Marketplace, so you definitely aren’t limited in what you can put up for sale.
Build A Blog Or A Youtube Channel
Youtube channels have proven to be big money earners for a lot of people over the past decade. Not everyone will get big on Youtube, but ultimately audiences seem to enjoy and hunt out relatability. Recent reports have also shown that YouTube channels that post more than once a week are performing much better and getting more recommended views. Youtube pays creators a small amount per each view they receive, which can amount to a significant sum over time. Brands also approach Youtubers to do paid promotions, as they also do with other forms of social media. However creating Youtube content is generally a lot of work, so you should do it for the love of it, and enjoy monetary benefits if they come to you, rather than starting a channel with the sole purpose of earning cash. If you don’t have a lot of spare time on your hands, then starting up a blog instead may well be better suited to you. There are plenty of good websites out there that allow you to start up a blog affordably, or in some cases even for free.
There are many ways to make money online, and many ways to make money on social media in particular. However, earning cash in this way can take time. Be patient, and try to pursue creative challenges for the love of it rather than solely for the purpose of making money. Plenty of people do make money from social media, so there’s no reason why you can’t too. The best piece of advice out there is probably to try and work out your niche, and make sure you put it to good use!
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