How To Generate Income In Social Media Platforms

Nowadays, almost everyone owns at least 1 to 2 social media accounts.

The user base for all social media platforms is increasing progressively over the years as well.

Besides, the user daily time spent on social media platforms such as Facebook, Twitter and Instagram are getting longer.

Therefore, these social media platforms are the great platforms for business to find the right target audience.

In this article, we will share a few proven methods on how to generate income from social media platforms as company or individual basis.

Product & Service Advertising In Social Media

The first method to generate income from social media platform is through product and service advertising.

There are two ways in this method to generate income.

The first one is that you advertise your product and service in the social media platforms to your target audience.

Once they are interested, they will liaise with you directly for product info enquiry or make purchase immediately.

The second method is that you can act as digital marketer to advertise the product and service for client companies.

You will be able to get advertising management fee from your clients accordingly.

In fact, this method has been proven a sustainable method to generate stable income from the social media platforms.

Sometimes, even online game development companies will advertise their latest online games in these platforms such as Jili to attract new players.

Become KOL In Social Media To Build Followers

The second method is to become Key Opinion Leader in the social media platforms.

This has become a dream career for most of the youngsters nowadays.

This is simply because the working hour is flexible and KOLs are able to generate a good amount of income.

The social media platforms are the important platforms for the KOLs to build their followers and generate income subsequently from there.

However, this method will require a huge effort and time spent at the initial follower build up stage.

Social Media Accounts Selling

The third method to generate income via social media platforms are pretty simple and straightforward.

If you have multiple accounts in the social media platforms, you can actually sell your accounts to other users.

Even though, this method is not encouraged by most of the social media officials, this activity is still going actively in all platforms.

If your accounts have high number of followers and friends, you can even sell at a higher price.

Social Media Content Management

The fourth method is more applicable to digital marketers who wish to generate a stable income in social media platforms.

Basically, digital marketers can offer social media content management service to companies from different industries.

They can create and plan for informative and creative content for the company’s social media page.

Subsequently, they can earn the social media content management fee from these companies.

As long as their contents can generate ROI for the companies in terms of revenue and online fan base increase, it will provide them sustainable income accordingly.

Lifestyle Info Sharing Page Management

If you are an active user in the social media, you would have came across pages which showcase lifestyle & latest F&B info.

These owners of these social media pages are able to generate income from this method.

Basically, plenty of F&B and retail business will engage with these pages moderators to showcase their products in these pages.

From there, the page owners and moderators can charge an advertising fee to these companies.

However, you need to have a large number of followers in the page in order for this method to work well.