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How to Make Money on Social Media

Posted by bwhitestone on May 28th, 2020

Do you spend all day on social media? Don’t feel guilty - monetise your hobby! Most social media platforms offer a wealth of ways to make money online, even without a blog.

Pick your favourite platform and find out how to start making money below.

Pinterest

Pinterest is one of the easiest social networks to make money on as a beginner. That’s because it’s easy for pins to go viral, and it doesn’t really matter how many followers you have. Learn a little Pinterest SEO to get your pins found via search. You can also join group boards to leverage other people’s followers.

a computer screen showing Pinterest

When it comes to how to make money on Pinterest, you have a few different options such as working as a Pinterest VA or using the site to drive traffic to a web offer. Personally, I’m a huge fan of using Pinterest for affiliate marketing.

Affiliate marketing is when you share a link to a product and you get a commission for any sales made through your link. Affiliate marketing is a natural fit for Pinterest because so many people use it for shopping inspiration. People are always searching Pinterest for new ideas, whether that’s fashion, home decor, holiday items, gifts or more. You can help them out by sharing links to items you love, and get paid a commission.

Instagram

It’s possible to make a great career solely on Instagram these days. You’ve probably heard of the major Instagram influencers who command tens of thousands of dollars for a sponsored post.

But you don’t have to be in the big league to make money on Instagram. Even accounts with a few hundred followers can start charging or so per post.

The key is to have lots of engaged followers. Whatever you do, don’t give in to the temptation to buy followers. As well as being against the platform’s terms of service, the lack of engagement will be obvious to potential brands and will only harm you in the long run.

Twitter

As with Instagram, once you have enough followers, you can charge brands to give them a shout out in a sponsored tweet. You can also share affiliate links. The amount you can make depends on your number of followers.

Many bloggers who offer sponsored posts charge brands separately for social shares. If you have a good Twitter following, keep this in mind and don’t give those tweets away for free!

Facebook

Facebook offers several different possibilities for making money. Recently, Facebook groups have become real powerhouses. There are Facebook groups dedicated to all kinds of topics, from pets to bodybuilding to DIY.

An active, engaged Facebook group on a niche hobby or topic can be a whole business in itself. Once you’ve built up a loyal audience, you can monetise your group by promoting affiliate links to relevant products, or even creating your own product, such as T-shirts or a short e-book on a relevant topic. You could also charge brands to share their links with your audience.

Also See: Make Money, Social Media, Charge Brands, Affiliate Marketing, Pinterest, Money, Make

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