In the digital era, 100% of students have access to the Internet and social media. Most of them use their accounts to read the news, communicate with friends, share videos, publish posts, etc.
However, only a low percentage of students use their accounts on social media for earning money. It's a primary source of income or and a side hustle for them.
If you also want to stop wasting your time by scrolling feeds on social media platforms, keep reading the post, and find the top five ways to earn money by using your accounts on social networks.
Promoted Posts
Posting promoted posts is the most widespread way that students use to earn money on social media. Influencers are a huge part of the advertising market.
People who have a lot of subscribers can publish promoted posts and get a lot of money. The most popular online platforms for bloggers are:
- YouTube
However, there is one requirement. Influencers should have thousands of subscribers to receive promotion proposals from companies. On average, bloggers who have 75,000 subscribers on Instagram and more can earn roughly $100,000/year.
Note, there is no way to start earning fast if you decide to become a blogger. Firstly, you will need to spend a lot of time and effort by gaining subscribers.
Alternatively, you may decide to buy an account that already has a lot of subscribers. However, there are some pitfalls that you should know before doing it.
Firstly, it's illegal so that your account can be banned. Secondly, you will need to keep on creating interesting content. Otherwise, all the followers will unsubscribe.
Remember, being an influencer with a large number of followers, you need to balance interesting content and sponsored posts. People don't like being subscribed to ad boards.
Affiliate Links
Another and very popular way of earning money on social media by students is by promoting affiliate products. If you don't know what this means, let's start from the very beginning.
A lot of companies want to increase sales by providing a reward or commission to sellers. However, there is no need to become a pre-sales department representative to sell a particular product on the Internet.
All you need to do is find a product or service that you will be able to promote on social media. After this, a company's manager will provide you with a personal affiliate link to a product or service.
Then, you need to post this link on your social media profiles to force your subscribers to follow the link and purchase a product. The personal link will record that your client performed a sale.
Consequently, a company will pay a commission or a particular reward. Some companies provide more than 100% commission for new clients who enter their credit card credentials and subscribe for services.
The most popular way of earning money in this way is by publishing product reviews. Students publish their trustworthy reviews on products or services and supplement their posts with affiliate links.
E-Commerce
For a while, social networks are not the only platforms for sending messages and sharing content. A lot of people use them to promote and sell their products online. Social media platforms provide great flexibility for students who have a business.
They can use them to promote their products online and find clients. They don't need to compromise on education or order an essay online to have enough spare time for selling products via social networks.
Thanks to modern social media platforms, students can create public groups, personal pages, and even product cards to sell online. The products can be physical or digital.
One of the most powerful tools for selling products on social media is Facebook Marketplace. It allows users to create a virtual office in a few minutes and start selling anything from home-made jewelry to household items.
The platform creates product cards and shows them to everybody who is looking for a particular item. Consequently, it can bring clients with no hassle.
Instagram also provides vast opportunities for students to sell products via this social network. For instance, users can promote publications and tag products in their posts.
Anyway, there are a lot of social media platforms that offer the ability to sell photos, video, music, website templates, and other digital products online.
Coaching or Consulting Services
If you're an expert in a particular niche, feel free to share your experience with others, and earn money. Social media platforms are great places to find new clients and promote your services.
For starters, you can create public pages on Instagram and Facebook. These are the most popular social networks.
Using them, you can publish posts, video messages and even run live-streams to tell more about your services and schedule appointments.
For instance, if you're a fitness expert, you can run training sessions online using Instagram. You can also share some advice on achieving significant results or creating nutrition plans for your clients online.
Social Media Managers
The last but not the least way to earn money by using social media platforms is working as a social media manager. This type of work is perfect for those who are looking for a way to start earning money instantly.
These days, it's hard to find a company that isn't presented on social media. However, a lot of companies underestimate the potential of social media and don't pay enough attention to them.
If you know how to create catchy headings, attractive images and engage people, you can become a great SMM specialist who can help companies enlarge their presence on the Internet and boost sales.
Working as a social media manager, you will be responsible for a company's public pages on social networks.
You will need to keep subscribers updated about the latest news, publish release notes, and communicate with clients via different platforms to increase engagement.
Also, you will need to publish interesting posts that people will want to share with their friends. It can help attract new clients.
Concluding Thoughts
The Internet brings amazing opportunities to students. It helps earn money online without compromising on education.
If you also want to start making money online and have a flexible schedule, try one of the top five ways to earn money on social media.