4 Smart Ways to Make Money From Social Media
By Business Desk
Thursday, February 4, 2016.
Social media has become a significant influence in the world of business. Anyone who wants to reach a wide audience for their company needs to be online. It’s a mistake to think that only younger generations use social media. It’s actually used by a broad range of people. Clearly the various social media websites are generating a lot of money. You might be wondering how you can profit from their success. The good news is that there are several ways to leverage social media to your advantage. Whether you want to make some money on the side or start a new career, here are some options for profiting from social media.
Selling via Social Media
Social media platforms offer great opportunities to sell directly to your customers. If you own a business, you can set up a store to allow people to buy from Facebook. There are many apps that allow you to add a store tab to your business’s Facebook page. They can click on the product they want and be taken to your website to buy it. There are also options for customers to checkout without having to leave Facebook. You can also sell directly on Twitter. Twitter allows you to use their Buy Now feature to tweet a product so people can make a purchase right away.
Promoting Your Blog, Website or Business
Even if you don’t sell physical products, you can still use social media to benefit your business. If you have a blog or website that you profit from, social media sites are excellent for promoting them. In fact, it’s almost essential that you have all the right platforms set up to reach a wider audience. You should use your social media pages to post links to your site and talk about your content and products. You can also integrate social media features into your website so that everything is linked. These actions will help you pick up new customers and retain them.
Use Your Social Media Talent
If you think you’re a social media genius, you can make money by doing it as a job. You could look for a position with an employer, or you could do it as a freelance professional. All businesses today should have social media channels. Marketing departments need someone to manage their social media as part of their brand management. However, just because you enjoy using Facebook, it doesn’t mean you can do it for work. There are lots of skills involved that you need to succeed.
Investing in Company Stock
Another way to make money from successful social media channels is to invest in them. Buying their stock could be a good way of earning a profit. However, you have to do plenty of research and watch them carefully. For example, you can look up how FB stock has been performing and the predictions for the rest of the year. You need to give a lot of thought to whether you’re going to invest in any of the social media sites before you do it.
With social media featuring so heavily in the tech industry and elsewhere, it makes sense to capitalize on it. Choose your preferred method to make money from these options to get started.