How To Make Money On Social Media In 2024 – How I Make $10000 Per Month

when we're young fresh out of school we're often fed this blatant untruth land a job get a mortgage work your fingers to the Bone until you're old and gray retiring at 67 if you're lucky does it seem like the path that I took to generate over ten thousand dollars every month from my social media channels absolutely not I've grown my YouTube account to almost 90 000 subscribers my Pinterest account to 84 000 followers and over 10 million monthly viewers and in this video you will learn how to make money and grow your business on social media when you're starting online it's hard to believe that you will ever make some real money from it people often go after the shiny objects that promise them 10 million dollar income and they just burn out before they earn even a hundred bucks online my goal in this video is to help you avoid these disappointments and show you which monetization methods can make you money faster than others I'll also talk about the methods that are more scalable in the long run so you will basically know where to start when you have zero followers and where you're heading while growing your social media following here are the seven most common income streams for influencers that I will cover and rate on the scale from one to five today one offering services or coaching second affiliate marketing then selling low-cost digital products also monetization options on the platform itself something like Tick Tock Creator fund ads on YouTube and so on I'll talk in more detail about each income stream in this video so feel free to use the timestamps in the description below to watch the section of the video that's most interesting for you we'll talk also about brand collaborations physical products and online courses or memberships now I want you to think about where you want to be in the next 12 months and within the next five years how do you want to monetize your social media platforms how big is your following right now I don't know your situation so you will have to watch this video carefully and pick one or two of these income streams that match your current social media following size if you're starting from scratch or have a smaller following I recommend you focusing first on those income streams that have the easiest barrier to entry and which will allow you to make money right off the bat even when your following is very tiny I think the fastest money making income streams are offering your own Services affiliate marketing and selling low-cost digital products [Music] I personally would start by offering your services because in my honest opinion this will be the fastest way to monetize your social media following you already have a skill a talent in a certain area right since you don't need to create anything from scratch you don't need any Investments to make you just need social media to find clients so I'll give it 5 stars for how it's easy to start this way you can start paying your bills and replace your day job pretty fast the downside of this method is that it's hard to scale because you still have 24 hours in a day and you can only raise your prices until the real market value is reached so it gets only one star for scalability but it's still the best thing to do when you're starting even when you have a very small following maybe it's almost just maybe just your personal Social Circle but if you use your social accounts to Showcase your professional life you you can find clients without actually looking for them for example if you're a fitness influencer you could offer personal training or nutrition coaching services and you don't really need a huge following to be honest look at the story in Business Insider of this personal trainer who earned about 450 000 dollars per year and she was mainly selling through her Instagram account which at the time of publication had 63 000 followers I checked her profile on Instagram two years later and it's showing a stable but not explosive growth she is now at almost 90 000 followers and if we go from the link in her bio to the site you will see that she's selling here her coaching consultations and so on and I can tell you that I often see posts in my Facebook feed from these twin sisters Immunology scientists who offer coaching programs and consultations to page with autoimmune diseases they make this simple Facebook Stories and I see that they always share stories about their clients so I think it's a thriving business based on a relatively small Facebook page with just about 6 000 followers so again you don't get millions of followers to have a more than comfortable income selling your services on social media now the next monetization method is affiliate marketing and it's been reported that affiliate marketers in the United States make an average 77 000 a year with a hundred and twenty eight thousand dollars being at the top of the possible range with affiliate links you can put them in the Highlight section on your Instagram or even create a link in BIO with affiliate links to all your favorite products put that link on Instagram Tick Tock and even in your YouTube descriptions on our ratings I would give affiliate marketing about 4 stars for how easy and fast it is to start and about 4 stars for scalability because you can create content that will live on the internet for many years and keep bringing your affiliate commissions passively but you still need to work on growing your social media accounts all the time on Pinterest you're allowed to add direct affiliate links to your image pins video pins and to ideapins so that users going from your pins straight to the affiliate offer I even have a whole video on how to get started with Pinterest affiliate marketing I'll drop a link to it in the description below for example you could join tiamos affiliate program who kindly sponsored this video your commissions as an affiliate will be much higher than on other platforms on Timbo commission reads go up to 20 you can earn up to a hundred thousand dollars per month even when you don't have a large following share the link in any groups chats coupon and Deals websites on Pinterest or even send call emails as a beginner you can start making money by sharing your links to products on TMO in your social media accounts so if you cannot call yourself an influencer yet even with with a small following across your social media there is no barrier to joining this affiliate program and it's totally free to join just sign up using the first link in the description below this video in case you don't know demo is a low-cost Ultra affordable Online Marketplace and the demo app is currently ranked first in the download ranking of iOS surpassing the ranking of Amazon cap card and even Chad DPT they sell similar products to Amazon but the prices are much lower from household Decor cleaning products and fashion items to children's toys and so much more you will find something that works for any Niche there and you can