5 Easy Ways To Monetize Your Social Media

Have you monetized your social media? Social media is such a large space, with millions of users everyday.

Let me ask you? How many hours do you spend on social media? How many businesses do you see there?

Then why haven't you monetized your social media yet?

Here are 6 ways you can monetize your social media. Before that, let us debunk one myth when it comes to monetizing your social media: You don't have to have a huge following on social media for you to monetize. As much as numbers do play a role, you can still monetize with the number of followers you have. Ever heard of a micro influencer? 

A “micro-influencer” refers to someone with as few as 1,000 highly engaged followers. Although their fan base is relatively small, these people have followers who listen. That includes listening to their recommendations" - Kajabi

If you have a loyal following, then you can monetize that following. 

Now let's look at how you can monetize

1. Create an Online Course

Are you skilled at a certain topic? Industry? Then create an online course. This way, you get to monetize your following and also provide great value.

2. Use social media to drive traffic to your website

Social media is a great platform to drive traffic to your website. If you are an e-commerce or want people to view what you have to offer via your website, then social media will help you achieve this goal.

Create engaging posts or run ads to direct visitors to your website. 

3. Affiliate marketing

With affiliate marketing, you get to sell a product/service without actually owning one. Yes! 

You get to monetize your social media by selling these products/services for commission.

You can learn more about affiliate marketing here

4. Become an influencer with Wowzi

Image: Wowzi

I stumbled upon Wowzi last month and thought they are doing quite a good job. With Wowzi, you have a chance to become a social media influencer and work with reputable companies.

Yes, you can! Try them out here 

5. Paid Posts/Sponsored posts

Businesses are always looking for people they can work with to help them drive brand awareness and sales. 

If you have a loyal following ( loyal, not big ) then you can find businesses that want to work with you. 

A brand pays you money to create a specific type of post, like a product announcement.

You can sell your products/services via social media as well. We have seen many businesses thrive on social media without necessarily having a physical location.

You can do it too! All you have to do is start!