There are so many ways to earn extra money these days. While some may be more complex than others, there are plenty of opportunities to go around for everyone. When it comes to social media, if you have a lot of followers and a strong influence, you can certainly try your hand at some of the options below.
If you have a large social media following, brands may want to sponsor some of your content. This means you can get paid to tweet a message, share an Instagram update and so on. Many celebrities do this actually as it’s similar to endorsements. The first two people that come to mind when I think about sponsored social media content are Kendall and Kylie Jenner who are very influential on social media and receive around $300k+ per Instagram post.
While everyday people like you and me shouldn’t expect to earn anywhere near that amount, companies targeting smaller audiences will gladly pay you to post on social media about a product or service they offer.
Of course, you’ll have to follow certain guidelines including disclosing that what you are posting is sponsored and by whom. If you are a blogger, thought leader, or influential business owner, you can sign up with IZEA.com to apply for sponsored post opportunities on social media. This site allow you to set up a profile and bid on opportunities that are relevant to you and your audience. They submit payment via PayPal.
If you’re confident in your social following and would like to work with a specific brand, don’t hesitate reaching out to them on your own and inquire if they would like to work with you.
Monetize a YouTube Channel
There are so many unique YouTube personalities out there these days, but there is always room for more. Video content is very popular and valuable. If you have something interesting to say about a particular topic or if you’d like to show or teach someone something via video, sign up for a YouTube account and post consistent videos online.
If you grow your audience and subscribers over time, you can start to cash in the views on your videos by applying to be a YouTube partner and allowing ads to play before or in the middle of your video. These ads will generate income based on how many people see them. You may not make a killing from using YouTube Partner ads, but if you enjoy making video content and growing your platform, it can be a great way to make some extra money each month.
Sell Products on Instagram
Instagram is a fun platform to share imagery to update others about what’s going on in your life, share inspiration or even promote products. Most users who sell products on Instagram are in the fashion/beauty industry but that is slowly changing over time.
Yet and still, if you have, make, or design clothing or jewelry, sell custom t-shirts and coffee mugs or even reupholster furniture, having an Instagram profile is a must in order to show off your work and connect with potential customers.
You can connect your Instagram account to an e-commerce service called InSelly. This WikiHow article walks you through the process of launching a successful Instagram store step-by-step.
Post Affiliate Links to Social Media
Affiliate marketing is one of the most popular ways to earn money from blogging, but you can also use social media to boost your affiliate income. Affiliate marketing basically allows you to gain a commission by referring someone to use a product or service. Once you sign up for a referral or affiliate program, you’ll be given a unique link to identify which leads are sent to the company from you. If you share that link on social media in a tweet, status update, etc., and someone clicks on it and makes a purchase, you’ll earn money as a result.
If you are using a product or service that you really like, see if they have a referral or affiliate program. Odds are they do and you can earn some extra money by connecting others with a quality product or service. Some affiliate programs take a while to payout so be sure to read the details and terms thoroughly. Also, be sure to disclose to your followers that you use affiliate links as this may be required.
This list has just scratched the surface of the numerous things you can do to generate extra money from your social media profiles. While most of these opportunities will not make you rich overnight, it’s important to understand that this can be a worthy additional stream of income as long as you are willing to put the work in to build your social media following upfront.
Keep posting content consistently, engaging and connecting with others, and increasing your list of followers all the time.
Have you ever tried to earn extra money from your social media profile? Which one of these options are you most interested in?