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15 Easy Ways For Everyone To Make Money With Social Media

15 Easy Ways For Everyone To Make Money With Social Media

Even though it’s a relatively new industry, there are already a number of ways to make money with social media. Every major social media outlet has in some way helped users turn their hobby into a business or turn their business into a bigger business. Here are 15 common ways people make money with social media.

1. Tantalize Customers With Your Product On Pinterest

Small businesses can benefit in big ways from getting users to “pin” photos of their items on to their Pinterest boards. Create an account, engage in the community by pinning other people’s photos and upload photos that entice people to buy your product.

2. Run An Online Instagram Shop

If you have items that would be attractive to Instagram users, it’s relatively pain-free to set up a shop by connecting your account to the service inSelly. WikiHow has a great guide walking you through all the steps.

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3. Copywriting

Twitter and Facebook can be great ways to show off your language and grammar skills. Prove yourself to be adept in the language of your choice to get yourself hired to write for a living.

4. Editing

Editors in particular have found success marketing themselves on social media, since services like Twitter and Facebook are great proofs of concept for their skills with the written word

5. Manage Social Media

There are a lot of companies seeking someone to handle their social media presence. Sadly a fair share of those positions are internships, but there are also many paid opportunities out there. Search “social media” on job boards to find results in your area.

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6. Comedy Writing

A lot of new comedians birthed their career on Twitter. 140 character jokes or funny insights can gain you a lot of attention, so if you’re a particularly clever wordsmith consider giving comedy a shot to make money with social media.

7. Creative Writing

Fantasy author Neil Gaiman broke ground with A Calendar of Tales, for which he asked his large Twitter following to submit questions and turned some of their answers into short stories. You can do something similar that involves interacting with your audience, or even serialize a whole novel or short story over many posts.

8. Airbnb

Anyone can become a renter via Airbnb, which gives users a chance to rent places to stay in 190 different countries. Fast Company has a great write-up on how someone made a six-figure income through Airbnb.

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9. Monetize A YouTube Channel

Not only can you make money with social media, you can turn yourself into a phenomenon. Just ask Grace Helbig, who’s developed a large audience through the hilarious videos she posts every week. She makes a significant sum just off ad revenue from her YouTube channel.

10. Become An Amazon Affiliate

When you join Amazon’s Affiliate Program, any sales made from a link you provide to Amazon will net you a small percentage. Cultivate a following and promote specific items on your blog, then include an affiliate link to the item on Amazon so that when a follower purchases something you’ll get paid.

11. Promote Posts

Get your sales pitches in front of more eyeballs with promoted posts, available through almost any social media service. It’ll cost you a little cash, sure, but it could net you huge rewards.

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12. Sell Your Art

Tumblr and Instagram (Tumblr especially) are great places to post original artwork and get a lot of responses and shares. If your art starts going viral, you can turn that interest into income by selling prints and other merchandise through an online store like Etsy or Big Cartel.

13. Sell Rights To Your Photos

If you take good enough photos, people will pay you to use them! Flickr is a popular place to view photos, and this WikiHow explains how to sell the photos you’ve posted there. You can also license them under Creative Commons, which won’t net you any money but will expose your photographs to a wider audience.

14. Demonstrate Your Musical Abilities On SoundCloud

SoundCloud is one of the best places to get your music noticed, and I’m not just talking about the near-impossible goal of becoming a rock star. If you know how to come up with a catchy jingle, you can post it on SoundCloud to get clients flocking to you to create music for their commercials, radio ads, etc.

15. Innovate

These are just the known ways to make money with social media. The field is so new that many more avenues are likely to open up in the future. Consider how you can utilize social media services to grow your career or even create a new one altogether!

Featured photo credit: mkhmarketing via flickr.com

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Matt OKeefe

Freelance Writer, Marketer

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Published on June 12, 2018

How Much Money Do I Need to Retire? Find Your Answer Here

How Much Money Do I Need to Retire? Find Your Answer Here

It is never too early nor is it ever too late to start planning for retirement. It ultimately depends on your way of life, where are you living, and whether you need to let go of anything. A successful retirement strategy is to have enough pay to cover your expenses with a little cash going into a savings account for sudden financial needs.

With regards to retirement, we all have an alternate vision in mind. In fact, some think about traveling throughout the world, while some think of a peaceful life with their grandchildren. Whether we get ready for it or not, we will one day turn to retirement age and so, we should be prepared for it. I’m going to tell you how in this article.

Benefits of early ventures for retirement

The way this works is you figure out where you need to live, the amount it will cost you to live there (rent/food/transportation), and the various expenses you will need to account for, like travel/insurance/medical bills and taxes. Many people are struggling to put aside money for their future savings and some haven’t started yet. Think you can put off thinking about retirement? The reality is that you need to start thinking about it right now, and putting aside some money from today.

There are a lot of benefits of taking early steps towards retirement. Utilize the power of compounding, low investment for targeted corpus and you can create more corpus investing the same money:

  • If someone saves $100 every month and starts investing for 30 years at 10% return, initially you will see that within 5-10 years, your investments will not multiply. However, after that period, the corpus will increase immensely with the impact of compounding. The investment period expands the extent of profits increments in the corpus.
  • Suppose there are two people, one aged 30, and the other 40. Both need to resign at 60 with the same retirement objectives of $300,000 USD each. Both will put resources into an investment with 10% of the return. Thus, to accomplish their retirement objective, the younger one needs to save $100 USD / month and the older one needs to collect $300 USD / month. Since the older one has started investing ten years later than the younger one, he will pay more than double what the younger one will pay.
  • If someone saves $100 USD every month and starts investing at 30 years old till 60 and gets 10% annual return, his corpus becomes around $170,000. Otherwise, if he starts the same amount spending at 40 years of age with the same 10% return, he will have around $57,000 USD. He can profit by just investing ten years early.

You can’t invest too much money in retirement during the early stage of your career since you may have different objectives. However, you can increase the investment gradually if you start investing just a small amount.

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Average retirement age

For many people who are nearing retirement age or recently resigned, one of their most significant financial regrets is that they did not focus on saving for their golden years. As per the Consumer Reports study, it demonstrates that only 28% of investors with the age of 55 years or older are pleased with the way they have saved for retirement.

As per the report, The Economic Policy Institute breaks down how much Americans have put away.[1] Since you know that when the majority of people retire, you can subtract your age from that more significant number and check down what number of more years you need to work.

But many retirees go back to work. Some of them do part time job while others do seek for a second career. Some even come back to full-time work and then retire again in a couple of years. So deciding their retirement age could be tricky.

Average retirement savings

To get retirement started, saving is pretty easy, though it can seem complicated. These simple five steps will make you go on retirement now. So, you don’t need to stress over having the same regrets as today’s retirees.

1. Invest 15% for your retirement

Your initial step is to save 15% of your income. This will depend on your gross income and does not include any coordinating assets you get through your employer’s retirement plan.

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It’s sufficient to enable you to achieve your retirement investment funds objectives, but not too much to keep you from enjoying your income today.

2. Utilize tax-advantaged retirement plan

Yes, we utilized the T-word; however, don’t daydream! Split your 15% retirement contributing budget between charge conceded retirement plans like your 401(k) or after-tax plans like a Roth IRA.

3. Invest your money around

To put it all in one place is the most significant risk that you can take with your retirement money. With mutual funds, however, you can invest in the biggest and most recognizable brands as well as that new organizations you’ve never known about but has a lot of growth potential.

Opt a growth-stock mutual fund with background marked by solid returns for both your 401(k) and Roth IRA speculations.

4. Stay with it

Since mutual fund investing is less risky than investing in single stocks, it is not risk-free. You can see your savings grow in the long term as long as you can leave your money where it is and keep adding to it.

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5. Work with an investing professional

It is essential to look for an investment professional, as you must have a lot of queries concerning your retirement plan during 30 or more years of investing,

Never make due with an investment professional who recommends or patronizes you to turn over all your investment choices to them. Since this is your retirement, nobody will think or care about it more than you do!

You might analyze or compare your savings against the average retirement savings for your age group to check whether you’re falling behind or getting towards of the curve. On the other hand, it might be conceivable to hang up the work boots and hit the shoreline with fewer savings if you live easily or below your means.

How to achieve your financial goals?

An ideal approach to achieve your financial goals is to stay focused on what you need for your future, ignore everything (and everyone) else that may divert you. There’s a significant business culture out there that requires you to stay in debt, live for the occasion and stress over your future later on.

You need to start planning for your future from now, not when you have more time or money to invest. You can even talk to a financial advisor for any help. Cooperate to set your money goals and make an action plan to reach them. You can retire younger than you thought you could if you create a project and follow up on it.

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Start planning for your retirement

A lot has changed in the last 30 years; our previous generation had an career goal and they would join either a large private company or a government organization immediately after school or college. Then they would spend the next 38 years in the same organization and the form of provident fund and gratuity. They would retire with a decent corpus and they would later spend the remaining time with their pension benefits. It’s a bit different now, but with the above information, you’ll be well prepared.

Whether you can afford to retire now or not, you need not bother with a retirement calculator to get a rough estimate. You should have the capacity to closely approximate your daily spending habits to figure out how much money goes out the door every year.

Featured photo credit: Pexels via pexels.com

Reference

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