There are many ways to make money online and the below are only some of the ways you can make money via social media.
1. Promote Affiliate Products
One way to make money on social media is promoting products. No matter what industry you are in, you can find great products to promote on ClickBank, Amazon or JvZoo.
eBay has 1.1 Billion listings that you can offer your audience. Get paid for sharing eBay listings that you love. The more purchases there are made, the more you’ll get paid.
The most honest and effective way is promoting products that you personally use and an effective way to promote them is writing reviews on your pages. You can use before and after photo’s and video’s to make it personal.
When publishing your review, make sure you disclose any affiliate relationships. This is a legal requirement in most cases.
Wealthy Affiliates offers great support, training and multiple tools to get your affiliate marketing journey started. They also offer an amazing page where you can find relevant affiliate products in your niche. It is my go to to find affiliate products!
2. Create and promote your own information products
There is an opportunity to creating and promoting your own information products on your Social Media or blog if you have already demonstrated your expertise in your niche. You can create products such as e-books, audio programs or video courses and sell these to your audience.
Create quality products that your audience wants to read and also is happy to pay for. Take great care in creating great information, good design and promotion and you’ll see more sales.
3. Promote products and services
You can promote products and services from other businesses. These sponsored posts are a direct way of earning money via Social Media and is most beneficial when you have a sizeable following. If you don’t, there might not be much of an opportunity.
Beware of over promoting products on your pages as followers will notice that you post just for money. Add value and create great and sincere content to increase your success per promotion post.
4. Sell your Coaching / Consulting programs
You can promote your lifestyle, fitness, health coaching or any other coaching or consulting programs you have on your Social Media if you have demonstrated your expertise in your niche.
You can promote before and after results, reviews of clients or simply connect with your audience.
Coaching can even be done via Skype, so you don’t even have to leave home!
5. Use visual media to promote your crafts
If you are creative and making crafts such as paintings, art, clothing or articles, you can use your Social Media to promote your work. Instagram and Pinterest work very well, but also Facebook is a great way of promoting your crafts. Create great photo’s of good quality when uploading it to your pages.
You can link your website or if you have an Etsy account to your Social Media page and direct customers to your website to view more details of the products.
6. Join the YouTube Partner Program (YPP)
Building a popular YouTube Channel can be a lot of work, but if you already have a following or are determined to build an audience, then joining the YouTube Partner Program to make money on advertising might be worth exploring.
On 16 January 2018 YouTube announced new eligibility requirements for the YouTube Partner Program. Previously the requirements to join YPP were 10,000 lifetime views. Now, you require 1,000 subscribers and a minimum of 4,000 watch hours in the previous 12 months before it will be reviewed to join the program.
Once your video has been submitted and approved for monetisation, YouTube will place ads inside or near the video. After you have associated an AdSense account with your YouTube account, you will earn revenue that is generated from the ads.
Earnings will depend on a number of factors but the key factors are the type of ad and the pricing of the ads appearing in your videos.