Would you like to change the like count on your social media posts into actual money? We all would love that for sure. However, doing so isn’t as simple as you may think. It takes a few tips and tricks to work for this and turn your likes into a revenue stream.
With social media being a critical part of 4.9 billion people’s lives, it isn’t wrong to monetize your online presence, right? You just need to have a game plan (which we will be guiding you right here) and you can begin your journey to success.
In this article, we will be discussing the strategy for you to monetize your social media presence. However, allow us to begin with a disclaimer. It is something that works in its time and requires patience mixed with consistency. So, just follow the read, and find out what you need to do to start bringing in cash from your social media account.
Define Your Niche to Build a Community
Let’s start from the basics.
You need to build a social media community, to be able to enjoy the benefits of monetization. This strong community is what will help you bring in all the gigs you need for monetizing your account.
So, how do you do that? Well, you need to define your niche. One thing that will make you stand out and make you the master of it all. A general blog or something will not give you the mastery that you’d hoped. You need to take a grip on one specific niche and build the community on that.
When you have a command of the niche, that is when you will be able to build a trusty community that you can rely on. We are talking about the ones that will engage with your content, and that will ultimately help you in making the bucks. Therefore, choosing your niche wisely is more important than you think.
I mean, you wouldn’t take a piece of architectural advice from a doctor, right? Similarly, you need to make your social media profile as such that your audience will trust your word and take your advice on the matter.
So, having the right niche will help you build a loyal community that will benefit you. It might be a time-consuming process, but in the end, it will be all worth it.
Now, let’s get into the main thing you have been waiting for. How do you monetize your social media presence? Well, the answer’s right here! Keep reading ahead!
When you have successfully built a community that trusts your voice and advice, affiliate marketing will come naturally to you.
The brands will reach out to you with their products that seem relevant to your content and you just need to endorse them. You can even get affiliate codes for online purchases where you make a small money from every purchase the individuals from your following make using your code.
However, you need to be very thorough in this. You should hold integrity and make sure that you are only endorsing products you trust and not the ones that are mere scams. It can hit your credibility and you might have to face the loss. Therefore, be wise in deciding what brands you affiliate yourself with.
Set Up An Online Course
Do you have a command over something that you can most likely sell in the form of online courses? Well, don’t keep it just to yourself. You can make a good amount of money via online courses where you can impart the knowledge you have. Showcase your expertise in whatever field it may be.
You can do so in the form of posting content or even holding online sessions. Regardless, be sure that you do have an internet service such as AT&T Internet at your disposal. This is quite important. You can hold live sessions, and upload content quickly with the provider’s uber-fast speeds up to 5 gigs. We see it only as a win-win situation.
Hold In-Person Events
Yes, we understand that social media is online, but your monetizing strategy doesn’t need to rely entirely on the internet either. Instead, you can hold the in-person events. They can be in the form of meet & greet and so much more.
Sponsored posts are quite often found all over our social media feeds. For this, your social media account being a credible one is the basic step.
Once again, it all comes down to your niche and your followers. The sponsorships, however, need to be marked on the posts.
It does get tricky at times when you have to create content according to the brief given by the brand. It takes up time. The content might get rejected or accepted. In the end, it also comes down to the impressions on your content and how much the brand benefited from the sponsored post.
If you currently have a good number of followers that you are sure to trust you – then monetizing your presence is quite easy. It wouldn’t require a build from scratch. However, it is never too late to start anything. Consider this as your sign create a social media account (public) and start your journey to ultimately monetize the account.