How to Make Money on Social Media: 10 Ideas 2024

Make Money on Social Media: Earning money online free using social media isn’t a smart approach! Yes, it is.  For some, social media is a place to make money only by posting pictures of their pets, their selfies, or other highlights. This approach is limited only to those who have millions of followers or massive fan following on other platforms too.

Fortunately, there are other practical ideas rolling outside, and making money through social media is even easier. As social shopping, sponsored content, and influencer marketing have grown, it makes sense to use every social media post to make money.

Still doubtful- what to do, where to start, how social media helps in earning money? You’ve landed to the right page! 10 Tips or Strategies – Whatever you say goes for both creators and brands, so let’s unpack your marketing plan and dive into them:

10 Ways to Earn Money Through Social Media 

1. Use Affiliate Marketing 

Among all tips to earn money using social media, the primary approach helps to make an income selling other’s products. Create your affiliate link/code and earn a commission whenever someone uses it. To do this, you need to choose affiliate partners related to your selected sector, choosing their services or products that best suit the needs of your target audience. Or, you can create an account with Amazon’s affiliate program and work as an Amazon Associate.

If you are looking for the best platform, it is time to choose the ExtraPe. ExtraPe is one of the best affiliate marketing platforms in India. Affiliate Marketing is considered to be the most successful and popular way to earn money with social media. 

2. Establishing and Selling Online Courses

For earning money on social media with this approach, you should have a well-built and engaged social media community. Ask questions to your audience and issues as an outline for setting up your online course and start from there.

 However, there are different ways to go about this, including consulting, presentations, ebook series, video content, etc. This is one of the best earning tips to make money and create a lively social following, where you can improve the value you provide based on their feedback.

3. Paid Membership 

This is another best way to earn money by social media; you have to create selected content and provide access to followers who pay a monthly subscription through a membership platform. Make sure you’re providing useful content and keeping your audience asking for more.

 Use social media earning apps like Xperiencify, Patreon YouTube, or other relevant platforms to set up your paid membership. Explore the features of these platforms that work most efficiently for your audience and you, and apply your efforts as best you can

4. Become a Social Media Influencer 

How do I make money on social media? Having the same question in mind?  Build a career as a social media influencer because its scope is high. This is practical work – getting paid for posting relevant content about the brand’s services, offers, and products. To be successful with this approach, you need to have a somewhat active social network. 

Note that engagement rate matters more than followers at scale. Brands proactively approach you for similar partnerships. Among all the social media make-money strategies, working as a social media influencer will usually help you get paid per post promoting free products, or commission on sales made through the posts you make. 

5. Collaborate with Other Brands 

Generate income from social media by building relationships with brands. In practice, this approach generates more revenue because it’s about long-term partnerships rather than the occasional sponsored post. Choose collaborations that fit the needs of your target audience and the values ​​behind the content.

Find out what your target audience’s favorite brands are. Meanwhile, don’t forget to look for potential opportunities. To make money from social media with this approach, you and the brand must agree on details of the methods, partnership, type of content, and amount to be paid.

6. Create Sponsored Posts, Videos, and Other Content

Working as a social media creator for a while, and looking for how to get paid on social media? Before going to start, make sure you have an impressive engagement rate. If so, you create sponsored posts, video content, or others to generate income in the creator world. 

Once you start promoting the brand’s services or products on your social media platform, you get paid by the brand. Well, this is one of the best ways to earn money from social media. 

7. Creating Your Own Product 

Here is another practical approach to your question: how to earn from social media. You can create your own product and sell it, but it can be as difficult or as simple as you make it. Determine how much money and time you can invest in creating your product. Pro Tip: Develop something that appeals to your target audience and matches your brand values, goals, and message.

The revenue you generate through this approach can help you grow your audience, increase your influence, and expand your income. With this social media income, you can make partnerships and sponsorships more flexible and independent. Target something your competitors aren’t trying or offering to your target audience.

8. Use AI Chatbots – Make Money on Social Media

Almost everyone is extra conscious about the privacy of their conversations online, making them less inclined to engage in comment boxes. They prefer, instead to visit your inbox, and this is where you can make money on social media. It is a marketing automation method that serves as a strong sales tool.

With AI chatbots, you can create an automated chat sequence for initial communication with potential consumers. You can have customers, from there, take a quiz and complete it to earn a special coupon or subscribe to your newsletter for additional information on special offers. So, get paid for social media with this advanced approach. 

9. Generate Passive Revenue Streams

In this earn from social media idea, you will need to use your social media site to make sales on your landing page or your website. This does not include monetizing your actual Facebook or Instagram. Simply put, this is website monetization.

If you are searching about how to get paid by social media with website monetization, you need to post on your social media platforms on a daily or weekly basis. Additionally, you need to tell the customer about your product or service and share tips, information, and relevant press releases. Conversation should be your goal in this. Doing this helps customers remember you when they have related needs, and they can message you or go directly to the link in your bio. 

Pro tip: make sure to keep an eye on those social media platforms that help get you the most website traffic and digital engagement. 

10. Sell Physical Products with Built-in Social Platform Shops 

How do you get paid from social media with a practical approach? Searching the same question on Google? If yes, then you should try this method. You can set up a social media platform on your Facebook or Instagram to sell physical products. Turn your personal account into a business account, then set up a product catalog or plug it into an e-commerce site. 

After receiving approval, you can activate Shopping and use the tag to attract traffic. Amazingly, buyers don’t even need to visit your site, instead, they can make a purchase right where they are scrolling through social media. Keep track of metrics and optimize what sells and works best.

Now, it’s your turn to make money through social media!

In How to make money through social media post, we’ve covered the best ways. Go ahead and try each method and see what works best for you. Keep in mind that change is important, so be sure to establish multiple sources of income.