On average, how much time do you find yourself spending on social networks? Research shows that the average person will spend almost two and a half hours on social media every day. For some, those are very conservative estimations. The truth is some people will spend much more hours on social media.
Now think about the time in monetary terms. If working for minimum wage in the US, you will have $7 per hour on average. That gives about $17 every single day down the drain.
Now, here is where it gets interesting. You can use social networks for business. The online space is already a minefield for some people. It is, for example, possible to make money with online casino games like the Book of Ra.
Read on for more social network ideas and tips to earn like a boss.
1. Borrow Ideas from Influencers
Look at any social network marketing strategy. You are likely to stumble upon a section on influencers. Do you know why they are so popular? Simple, they have taken the time to grow large audience bases. They have also worked hard to build credibility with their followers. That means, whatever they endorse, the audiences will take up.
Yet, the truth is others are regular individuals who know the value of being influencers. Micro-influencers are quickly gaining relevance. They are people who have learned to use the social network effect.
So how do they make money? Companies will seek out such individuals to push products. The more followers you have, the more you can earn. Smaller companies without huge budgets tend to work a lot with micro-influencers.
2. Try Your Hand at Affiliate Marketing
Social network examples are plenty. They include social media and websites.
Affiliate marketing provides an exciting way to make passive cash. Here is how it works. You sign up to affiliate marketing platforms. You get links from product sellers and put them on your social networks. If a follower clicks and makes a purchase, you earn a commission.
Before signing up, take time to do proper research. It also helps to do due diligence on the sellers. You could damage your reputation if you end up dealing with dubious characters.
3. Provide Freelance Services
If you have a talent, you can turn it into a thriving business. Teach music classes, write articles, or offer consulting services. Platforms like Pinterest are excellent for interior decorators, DIYers, fashion and beauty consultants.
YouTube allows you to post videos that showcase your talents. Try out the freelance job posts for work opportunities. Some individuals and companies can offer employment opportunities. Remember, the social network definition implies personal relations and social interactions. Your friends and followers trust you. They are, therefore, the best people to endorse and buy into your business.
4. Transform Your Social Networks into E-Commerce Platforms
Do you have services or products to sell? Simple, come up with a social network list of where your target audiences are likely to be. For fashion items, try platforms like Instagram, Snapchat, and Facebook.
Is your niche professional services? Your best bet would be LinkedIn and Twitter. Invest in high-quality images. Write engaging product descriptions. Also, set aside some cash for paid ads and boosting posts.
5. Monetize Your Platforms
Companies and individuals who are selling products are always on the lookout for inexpensive advertising. It is possible to monetize your social networks and earn money by providing sponsored posts.
You must have a large audience. Next, be consistent about generating relevant, engaging content. Keep the followers on your pages by interacting with them.
The larger your following, the easier it becomes to pitch your networks to potential clients as an advertising platform.
Social networking platforms have a lot to offer. They are an excellent source of entertainment. You can also build lasting relationships with the people you meet. And now, you have some excellent ideas on how to make money off them.
Have you had an opportunity to earn some good money on your social networks? We would love to know how you did it. Please share with us your experience and any advice you may have.
Jeremy Ambrose started his own small business on the Internet a few years ago. After many failures and difficulties passed, he decided that he wanted to share his experience and knowledge with other people.