So you don’t know how to monetize your social media accounts and what platforms are the best to make money from. In that case, you are in the right place because at the end of this article, you will have enough knowledge on the topic, and you will easily be able to profit from your social media accounts.
SOCIAL MEDIA MONETIZATION
Social media monetization is to earn money from your social media presence. There are a lot of ways that can help you monetize your social media. How you can make money from these accounts depends on which social media platform you use, which technology is available on that platform, and how much you know about your social media platform audience.
If we had to choose one thing that will play a key role in earning your social media presence, it would be your followers! The higher the number of followers, the higher your profit
To attract your target audience, you need to understand what your audience desires the most and what they are interested in. This will tell you what type of content will help you grow more on social media. When you know what they need and want, you can provide them the content they desire, making it easier for you to monetize your social media account.
WHY SHOULD YOU MONETIZE YOUR SOCIAL MEDIA ACCOUNT
Social media advertisement is our present and our future. You can connect to a lot of people through social media and meet your target market. Interacting and engaging with your people on social media is the new way to gain customers. Many influencers make millions by advertising their products and services through Facebook and Instagram. By following tips in this article, you can also join the bandwagon and earn money through social media platforms by monetizing your social media accounts.
AUDIENCE: REAL AND FAKE
Now that you are ready to monetize your social media accounts let’s get started.
Before moving towards the tips, you need to know the difference between fake (spam) advertising and the reasonable/legal way of advertising.
It’s sometimes a time-consuming process to gain followers and monetize, so people get dishearted and find shortcuts like buying followers and comments to get attention. Still, they either get bots or people that are not right for their brand.
First, you have to choose whether you wish to have millions of fake followers that are either bots or not the right audience. You are ready to take the longer but more fulfilling route to gain an actual audience over time that genuinely engages with you.
Once you have decided to gain more authentic followers by targeting a real and genuine audience, you can’t just post everything and anything blindly. The second step is to choose a purpose and build your content around it. You can then work on getting your followers and clients and reach as many peoples as possible worldwide.
UPGRADE YOUR SOCIAL MEDIA PROFILES
Before using our monetizing tips, you have to check your profile and make sure your cover and profile picture is relevant to the stuff your audience wants.
Can they know what you do by just glancing at your profile?
Is all the content you posted up-to-date?
Are you posting the content that your target audience is interested in?
If you answered yes to all the questions asked above, then you are good. If not, you need to upgrade your profile by replacing content and pictures with content that your audience is interested in. You have to post relevant content that will attract your ideal audience. Avoid posting irrelevant content or a lot of content constantly. Now, let’s get to the tips!
- 60+30+10 Rule
Always remember to use the 60+30+10 Rule while positing. According to the 60+30+10 Rule:
- Sixty percent of your content should be related to education, entertainment, nature, and asking questions.
- Thirty percent should be about business, industries, and crafting.
- And 10 percent of your posts about your sales and advertising.
Following this Rule can help you gain more audience. So double-check your profile and then use these most popular ways to monetize your social media account.
- ONLINE COURSES
Nowadays, Social media is our number one source for information. Especially after the onset of Covid-19, with school-going online, people are want to learn more through social media more than ever. So if you are a math teacher, you can post the tips and tricks to help students. If you are an expert in some field, you can post related videos and make an online course. For example, if you have a degree in physiotherapy, you could make videos to address the common problems people face and what exercise can help them get better. If you are a dietitian expert, you can do a course on understanding essential nutrition and making a diet plan. You will see that a lot of people are willing to spend money to learn more.
- INFLUENCER MARKETING
Before starting influencer marketing, you have to gain many followers by targeting a specific audience. You need to build a reputation and have a large community to become an influencer. After that, brands and companies can collaborate with you or hire you to advertise and promote their products on your social media accounts.
- DIRECT SALE
For direct sales, you have to make a business account on Facebook or Instagram. Then, you can build a community and add an unlimited number of products, organize them and directly sell them from your business accounts to the customers. Direct sale is also one of the best ways to earn money.
- FROM OUTSIDE
You can also monetize your social media accounts by leading and gaining your customers through a third-party app like Twitter, Youtube, and TikTok. You can influence them through any other platform and then lead them to your social media account that you want to monetize.
- PARTIES, EVENTS, AND GATHERINGS
You can also gain more followers by attending events, parties, and gatherings. Ask people in person to follow you. Throw a meet and greet and post the videos and pictures on social media; this will also help you gain more and more followers.
Chatbots can answer specific questions or greet everyone who texts you the first time or ask them to wait for the answer. A lot of brands use chatbots on their apps, webpages, and social media accounts. The use of Chatbots is also a good strategy in monetizing your social media account, as this makes your response rate higher.
- ANSWER MOST ASKED QUESTIONS
Check on your audience’s comments and talks and find the commonly asked questions. Then you can make a video about all answers and post them on your social media accounts or do a live video and engage with them. Nowadays, you can also post questions on your stories, and your audience will answer them; it will help you build their trust more and convert your followers into your customers.
If you build your trust more, you will gain more customers. You can ask your customers to give their reviews about you and your products in written or video testimonials, you can post their thoughts, and after seeing that, more people will trust you and buy from you. You can also request your customers to write comments about products on the product-related post or share pictures, this will also help you grow your market, and when your demand increases, you will earn more.
Polls are an excellent way to engage with your audience and get insight into your audience’s likes and dislikes. In polls, you have to put a list of your relevant posts and ask your audience a question, and your audience will choose the answer they like; and by doing that, you will know what most of your audience wants and what they dislike. Polls are an excellent opportunity to know your audience, and they will also help you in posting the content they like.
It is a challenging task, but if you choose a purpose, target an audience, and what they need, you will be successful in no time with a little hard work. You will create your community and make money by monetizing your social media accounts and earn money through social media. To.