How to get money with social media?

I've heard a lot about possibility of boosting money by using social media like Instagram. The most popular one is advertising. If I understood it right you should gain a big amount of followers to be able to provide advertisement. Is it like that? Any advice or life experience would be appreciated.

Comments

  • Well. It's not like it seems to be. You should have at least 50k+ followers to make money with that. I had such an experience but you also need to realize that advertisement offers will not come every day. So it's rather a freelance job.
  • Emmaaar22
    Emmaaar22 Posts: 743 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    I believe advertisement slots come when you`re a buisness account. I haven`t done one yet and still a bit skeptical about it. I did read a article a few weeks ago on a Depop seller using advertisement for her Depop page stating it was all about timings of the day, when she added new things etc so it`s a lot you have to consider before just randomly deciding i`m gonna promote myself today.
    I myself use a affiliate called Awin. I use the link tool in which I can add my affiliated links into quite easily using a code from the Awin app - However you do need 10k followers to be able to do this. Another way you can be doing it is by putting the affiliated code into the bio of your Instagram page, I did this for sometime when I didn`t have 10k followers but can`t tell you how successful it was.
    Once you achieve the goal of 10k followers your world opens up - Links on your Instagram stories don`t have to be around for 24hrs, If you make a highlight and stick the stories into then the links will be around forever and yes i`ve made sales from doing this as people come and have a snoop around on your page.
    Also, In my line of work a lot of other pages put advertisements out on their stories asking or looking for promo with the prices set out. I haven`t had success with this yet and I do feel cheeky doing it but you can get good money with it. 
    2017 Wins - Coco Pops, £100 Amazon voucher, Elf T-shirt, £250 Zalando Voucher and £250 FeelUnique Voucher, private gig concerts
    2018 Wins - Steep xbox game, 2 tangle teezer, Contagion Book, JC Annual, water sports bottle, 10p, 2 cricket tickets, can of fizz, 10p, Ribenia, Johnson baby products
  • You can start an e-commerce drop shipping business and promote it on social media platforms like Instagram and Facebook to get sales and boost your earning..
  • As you see most people think the same way. More followers in IG - more profit.
  • Ways of making money on social media:
    1. Create and promote your own information product.
    2. Use visual media to promote your crafts.
    3. Promote product service.
    4. Join the YouTube partner program. 
    5. Promote your coaching or consulting services.
    6. Promote affiliate products. 
  • LushesFaith
    LushesFaith Posts: 101 Forumite
    Tenth Anniversary 10 Posts Combo Breaker
    You can make money with small followers but needs more work. Aim for 1k followers get good engagement build trust. Affiliate marketing is supposed to be good. 
    To make money work for me
    To save and do great things with the family
  • There are literally hundreds of videos on YouTube about this particular topic. Creating and growing a group of followers who like and believe in you is the starting point, which you can achieve by initially selling them other peoples products as an affiliate. As this following grows and the belief in you grows your ultimate goal should then be selling your own product to this same loyal following. There are a few people who make huge sums doing just this but there are also just as many who burn through just as much promoting their products using paid advertising. As with all things in life there are no short cuts.
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