How to Make Money on Social Media

  • Why you should use Social Media to Make Money
  • How Much can you Make on Social Media
  • TikTok
  • Instagram
  • Facebook
  • Conclusion

Why you should use Social Media to Make Money

The reason you should use social media to make money is because it is easy to do once you get the hang of it and it is a great skill to learn especially if you are wanting to build an eCommerce business.

How Much can you Make on Social Media

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The amount of money varies from each platform and on the way that you make money. 

I would personally say the best way to make money is through a dropshipping or print on demand store.

A dropshipping store is where you find products, put them on your own website for a higher price and sell them to customers, you can start a one product dropshipping business or one with multiple.

A print on demand store is where you put a design on a t-shirt and another company will print and ship the product to your customer. 

The easiest way to make money on Social Media would be to do affiliate marketing as you don’t have to create a website for this, you just need to advertise. Affiliate Marketing is explained in the Instagram section. 

TikTok

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This is an amazing way to make money, you can make money directly from Tiktok. The way you earn money from the app is through the Tiktok creator fund and through Tiktok lives. 

To be able to go live on Tiktok you must have 1000 followers, this is quite easy to get if you have quality content and even easier if you have other social media accounts that focus on your niche. 

To be eligible for the TikTok creator fund you must meet their criteria:

  • Based in the UK, US, France, Germany, Spain or Italy
  • At least 18 years old
  • Have at least 10,000 followers
  • Have at least 100,000 video views in the last 30 days 
  • Have an account that follows TikTok Community Guidelines

Another way to make money would be to use linktree in your bio, you can use affiliate marketing links, Print on Demand stores, Dropshipping stores and anything for you to make some money. 

Instagram

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  • Why you should use Instagram to make money
  • Different ways to get paid

Why you should use Instagram to make money

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You should use Instagram to make money because with a little bit of work it is fairly easy to make money. 

There are also ways to make money without having thousands of followers so it is brilliant.

This can also be a great way to learn social media skills which help you or another person’s brand or business.

With your new found skills you could even make lots of accounts doing similar things but make sure to not overdo it because you won’t be able to keep up, unless you have a team to help you!

You can use a lot of these methods with all social media platforms but right now Instagram is one of the best, as well as TikTok and YouTube. 

Different ways to get paid

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The different ways to get paid are:

  • Affiliate Marketing
  • Shout Outs
  • Sponsored Posts
  • Business
  • Favours


Affiliate Marketing: this is one of the most popular ways to make money online, especially with social media. 

Affiliate Marketing is when you work with a company by promoting them, the company will provide you with a link to track your commission and in return for bringing them a customer you will earn a commission from your affiliate link. 

Shout Outs: this a great way to make money and set your own prices however, this will determine how many people follow you and how many people like your posts. 

If you have a million followers but only get around 60 likes on a post people probably won’t buy shoutouts from you.

So from the start you should make sure to get a following but also get at least 90% of your followers to like your posts.

Sponsored Posts: this is probably the most difficult to achieve, however it can earn you a good amount of money. If you follow a celebrity, you will have more than likely seen a sponsored post. 

You contact a business or in some cases they contact you, you then get told you can have a discount on their product, which you can also give to your followers.

 Once you have bought something and put their discount code on your story, you then tag them in a post of you with the product in sight and tell your followers where you got it from.

In most cases you will then earn a commission of each sale and sometimes they will add your post to their Instagram, meaning you will get some followers out of this as well. 

Business: this one is also very difficult because you have to set up a business, gain customers, gain followers and likes, I would only recommend this if you are passionate about creating a business.

Favours: the reason I called this one favours is because you can do this based on many things, let me explain. 

Imagine you come across an Instagram account which is a business and they don’t have a website, you could get them to pay you to make a website.

There could be a profile that doesn’t have many likes but has lots of followers, if you know a lot about SEO on social media, you could get them to pay you for this.

There are a lot more things you could use these for, if you’re not sure about one ask about it in the comments and I’ll get back to you!

Facebook

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Facebook is probably the second most common way to make money online. There are a few ways you can do this, some are free ways and others are paid. 

To make the most amount of money you should incorporate both methods, but you don’t have to do this if it’s something you are not interested in.

The free ways to make money are:

  • Affiliate Marketing
  • Print on Demand (POD)
  • Dropshipping

Affiliate Marketing, the way to do this would be to get your link, create a post in something like canva. Once you have completed this task post the image on a Facebook group, make sure it doesn’t go against the group’s policy.

You could also post this on your personal Facebook, to get the attention of friends and family.

Dropshipping and POD: you would do the exact same method as affiliate marketing however for the store you have created.

If you want to reach more people you could use Facebooks ads service, you do have to pay for this however, you can start off quite cheap in order to find some more customers, the more you pay, the more people your ad is shown to, make sure to do some research before posting and ad and spending money to do so. 

Conclusion

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So now you should understand why and how you make money through the different methods such as affiliate marketing, dropshipping and print on demand.

We have spoken about the Tiktok creator fund and going live in order to make money. We have gone over the different methods on Instagram and Facebook which are quite similar.

A quick note on Instagram is that you can also use paid ads through there and use Facebook with Instagram to promote ads on both platforms.

Thank you for reading. Which social media will you be using to make money?

Published by MakeAnSave

Hi there! My name is Daniel, I have decided to become a blogger because I want to be able to help lots of people out with saving money and making money, I originally came from a broke family and was not making much whereas every day I am now making a little bit more and would like to help you do the same!

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