31 Jul Turning Social Media Marketing Into A Profitable Income
In 2017, companies across the globe spent nearly $50 billion on online advertisement this year alone. Big-name advertisers are focusing on millions of young consumers looking to spend more time on their social media profiles than in front of the movie screen. In reality, they are particularly involved with the outlook of tailoring ads to meet specific interests. But what if your passion is spending hours scrolling through your social news feed – sharing posts, liking comments, and even making a few of your own?
Building a social media network with thousands of connections is the gateway to generate some serious profit. In fact, there are plenty of monetization strategies to use online, including:
Becoming an influencer and promote content or products related to your niche
Sell products from the online marketplace and earn commission per sale
Sell products directly on social media platforms
Get paid to write reviews or mention brands on post
Leverage your online presence for a full-on e-commerce site
While these may seem intimidating, the right approach will help you achieve a profitable income without a high capital. So, does that get your attention? Here’s what you should know.
Get paid to advertise
Nearly a decade ago, the only people paid to advertise were those who owned radio stations, television networks, published newspapers, and printed magazines. Today, things are done differently as the average joe earns $100 a day via Cost Per Click with Google AdSense. There are companies that will pay you to advertise their brand on social media sites such as Facebook, Twitter, and Instagram. While you won’t get paid directly, you will receive profit from companies that connect you with those brands seeking advertisements.
Market on social media for business promotion
Today, there are more than 50 million businesses using Facebook to connect with customers. In fact, 4 million of those businesses pay for social media advertising on Facebook alone. Let’s say you run a business that provides advice on financial management as well as debt consolidation. To build a strong list of clientele, you will need the most effective strategy for promoting your business. Not only will social media marketing improve business revenue, it will increase your profile, keep your handles active, and boost traffic in your business.
Sell products online
If you have already chosen a niche to establish your social media presence on, it should be easier to find and sell products online. If you’re open to branching out and expand your product selection, then a cost-effective strategy is necessary for affiliate marketing. In fact, you’ll receive a ton of benefits, such as:
Minimal overhead – unlike traditional brick-and-mortar businesses as selling an affiliate product requires little overhead charges.
Easy to Share – becoming an affiliate marketer can be as easy as sharing a link on social media platforms.
Scalability – you can focus on scaling your presence online by building a blog or website, launching advertisement campaigns, etc.
Fast-tracking capabilities – every affiliate-marketing platform provides an easy to monitor interface, allowing them to monitor click-throughs, conversations, traffic, and so on.
In addition, you may also consider drop shipping as a great alternative to selling products on social media. This means you can fulfill in order without the need to have the item on-hand.
To reach profitable success in social media marketing, there is a matter of how you make money. In fact, Facebook’s real issue isn’t privacy itself, but monetization. Bottom line: advertisers follow people. Once you engage with users, the revenue will follow in that order.