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How to Hack Your Social Media Skills to Make Bank

How to Hack Your Social Media Skills to Make Bank

Ever find yourself helping a neighbor build a Facebook page? Or talking to a friend about how Pinterest could drive potential customers to her website? Or showing a former colleague how to use Twitter to connect with influential people?

I was hiking in the woods with a friend several years ago, helping him brainstorm how to use social media to find clients for his adventure expeditions, when he suggested I start using those smarts to make bank. He suggested I let people hire me to help them the same way I was helping him.

My first reaction was to balk. “I don’t know enough about social media to do that,” I told him.

“Are you kidding?” he responded. “Everything you’ve told me is worth paying for.”

The next month I landed my first client, and my business has snowballed since then.

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That friendly chat — and the success that followed — helped me realize something big: that I do have something to offer that’s worth paying for. Sometimes when your knowledge seems familiar and normal, you don’t recognize it as an asset. You think everyone has those same skills.

But if you’re good at something, there’s probably someone out there who’s not good at it, who needs it, and who’s willing to pay for it. Moreover, there are a whole lot of people, organizations, and companies that need help with social media.

If you have social media skills, that’s where your opportunity comes in.

Now, you don’t want to be one of those gurus or ninjas who claim they’re in-the-know about social media and then haven’t the faintest idea how to grow an online community. But if you’re like most people, you likely have the opposite problem; you probably underestimate yourself and your skills.

If you think you’re almost to the point where you could take on social media freelance work but don’t quite feel comfortable yet, here are a few things you can do to take your confidence and savvy to the next level:

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Work for free to gain experience

By the time I had that conversation with my friend in the woods, I’d already helped an organization spread the word about their cause on Twitter. I did this because I wanted to help the movement, not because I wanted to gain experience. However, in retrospect, that work helped me gain the knowledge — and recommendations — I needed to land paid work.

So who can you lend a hand to? Who can you help? How can you turn that opportunity into a way to learn?

The best part is no one will ever know you didn’t get paid. Experience is experience, and connections are connections. Whether you got paid for that work is irrelevant, so leave out that detail when you interview for your first paid position.

If you can’t find a company or individual to let you work for them — or maybe you don’t even feel comfortable doing that yet — practice with your own accounts. One friend of mine even has a Facebook account for her cat (apparently there’s an underground culture of cats on Facebook?) that she uses to test new ideas on the platform.

Brush up on your skills through a course

In addition to learning by doing, you can master social media through more formal instruction. You’ll find lots of social media courses online, each with its own focus. I often several on my own site, including a guide on how to create a social media strategy and a five-week course that will help you become a Twitter Power User.

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Again, you can learn this stuff for free, so don’t feel like you have to take a course! But some people learn faster and more thoroughly with more structure and guidance.

Mimic the best

One way to teach yourself is to find a handful of Facebook pages or Twitter feeds or Pinterest accounts that are hitting it out of the park, and study their tactics.

Create a Twitter list of companies, non-profits, or individuals who effectively use the platform to grow their following. Alternatively, put together a list of Facebook pages that do a stand-up job of interacting with fans.

By simply watching what successful people do, you’ll learn more than you could imagine.

Push yourself to get started

The timing will never feel right. You’ll always wish you knew more, had more experience, and had more contacts. However, if you wait until every single piece is in place before diving in, you’ll never get started.

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Not sure how much to charge? This post on fees for social media freelance work will help you figure that out.)

Once you do get started, you’ll learn as you go along. You’ll hit an obstacle you haven’t hit before, and you’ll figure it out. A client will request something you don’t know how to do, and you’ll teach yourself that skill out of necessity.

Learning as you go along doesn’t mean you’re a scam, it means you’re smart. Being able to do that is essential, especially in a field like social media that morphs regularly.

Because Facebook will make a tweak that requires you to build a page in a totally different way. Twitter will introduce a feature that changes the game completely. And some new social media tool will pop up (monthly, weekly, even daily) that you’ll have to evaluate — and decide whether it’s worth using. You’ll be forced to learn as you go along no matter how much knowledge you start out with.

So what are you waiting for? Get out here and make some moolah from your skills.

Featured photo credit:  Euro bills in a blue jeans pocket via Shutterstock

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Published on January 8, 2021

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

Ever wondered whether your credit card debt is the reason you’re in a bad financial situation? You can’t enjoy any fun activities because a good chunk of your money goes toward debt payment. Heck, you’re even behind on some of your monthly bills.

The effects of clumsy debt management are too many to list here. This guide is going to help you discover how to pay off credit card debt fast and start chasing your financial goals.

Debt problems are the last thing anyone wants to encounter. But things can get out of hand when all the “little debts” you take accumulate in interests.

What if you knew some simple and proven ways to be debt-free quickly? Implementing them would mean better financial health for you. It becomes possible to free up cash for your “wants.” These include taking a trip or buying something you’ve always desired. All that while paying your bills on time!

Let’s not wait any longer. Here are 7 powerful tips for paying off credit card debt fast:

1. Pay More Than the Minimum Credit Card Payments

Many people only pay the monthly minimum on their credit cards. Truly, that’s the right amount for staying on good terms with your credit card company. But you need a different approach if you’re looking to achieve financial independence within a short time.[1]

Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing. As a result, it becomes more expensive to eliminate your debts.

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You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner. All you have to do is double that $100 minimum payment to $200 or go higher.

The good thing is that minimum credit card payments are affordable in most cases. By paying a higher amount, you reduce your interest costs, lessen your borrowing period, and boost your credit score.

2. Start With High-Interest Credit Card Debt

If you have more than one credit card debt, prioritize putting the extra money toward the ones with the highest interests. This debt pay-off strategy, known as the debt avalanche method, is essential for being debt-free quickly.[2]

First, you need to list down all the credit card debts you have in the order of their interest rates. Next, you choose the one with the highest interest and pay a significant amount toward it each month. It can be an amount twice or even thrice larger than the minimum payment.

At the same time, you make monthly minimum payments on the other debts. Their interest charges won’t be as costly as that of the first debt on your list. You only move on to the next high-interest debt after the first one is gone. Remember that your focus is on the interest rates and not the balances.

3. Revisit Your Budget

Budgeting is useful for tracking your financial moves. Once you create a budget, some tweaks along the way can make it work for you better. One situation that requires you to revisit your budget is when you’re struggling with debts. It might hurt a bit to slash some expenses. But you also don’t want to miss out on achieving financial freedom in the long run.

You can reduce some variable expenses to free up more cash for credit card debt payments. They’re the ones that change from time to time. Some examples are groceries, fuel, and clothing.

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Other opportunities for cutting down your spending lie in non-essential expenses. Instead of dining out all the time, you can cook at home more to save money. You can also share some subscriptions with friends and pay a fraction of the cost.

If you’re determined enough, you can eliminate all your unnecessary expenses and focus on paying off your credit card debt first.

4. Avoid Using Your Credit Cards

Do you want to know how to pay off credit card debt with a low income? One simple way is to stop using them. Having your credit cards everywhere you go means that you’ll be more tempted to buy unnecessary stuff. In this case, you spend money that you don’t really own and get deeper into debt.

The quickest fix to stop the debt build-up is spending with cash. You’ll be more aware of everything you can afford at any particular time. If you decide to keep one or two cards to ease the transition, always make wise choices. For instance, only use them when experiencing financial difficulties.

It’s best to categorize your fun activities under “discretionary spending” in your budget. This way, you won’t need more debt to kill your boredom. By halting your credit debt from accumulating, it’s easy to pay down what you already owe and be happy with the progress.

5. Start a Side Hustle to Boost Your Income

You’re probably turning away a lot of money by not monetizing your skills. Everyone has something that they’re good at doing. And you can use that to generate extra income for attacking your credit card debt.

If you look around your neighborhood, you can find several side hustle opportunities. It can be pet sitting, tutoring, or lawn mowing. You can start an online business by offering services such as digital marketing, content creation, and web development. Such skills go in high demand on freelance sites and job boards.

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Finding clients on social media is also a good strategy to utilize your skills and make more money. Facebook groups, Quora Spaces, and subreddits are some places to look for side jobs. You only have to join a niche-specific platform, share your services, and respond to any opportunities.

It’s possible to learn a skill, practice it, and earn from it. Use the free resources online or purchase some e-courses to get started.

6. Sell Your Used Items for Extra Cash

Starting a side hustle isn’t the only way to generate extra money. You can turn unwanted items into cash for paying off credit card debt. Whether it’s an old TV, book, or furniture, there is always someone itching to buy your used stuff.

A garage sale, as much as it’s old-fashioned, is perfect for getting your neighbors and passers-by to buy from you. You keep all the money because there are no business permits or taxes involved. While you may not make much cash, it’s better than leaving your stuff to go defunct in your storage.

Other than that, you can sell your used stuff on online marketplaces. Facebook groups are great places to start if you want quick approvals and hence sales. You only have to ensure that your listing follows Facebook’s commerce policies.

When selling any pre-owned items online, ensure they’re in good shape to avoid problems with your buyers.

7. Know When to Seek Help With Your Debt

Asking for help with your credit card debt can be challenging to do. But letting it drown you is a road you don’t want to take. While you may feel embarrassed at first, it’s the best way to get back on track when you run out of options.

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There are tons of non-profit credit counseling organizations that can offer you free guidance on how to escape the debt trap. An example is The National Foundation for Credit Counseling. They simply review your finances and help you determine the source of your financial problems. After that, they match you with an actionable debt management solution.[3]

In extreme cases, the debt solution can be:

  • Debt relief – where your debt is partially or wholly forgiven
  • Debt consolidation – taking out one loan to repay others
  • Debt settlement – the creditor forgives a significant portion of your debt
  • Bankruptcy – legal process for seeking relief from some or all your debts

It’s necessary to carefully weigh your options before deciding on the way to go. Find out how it might affect your credit score and any other risks.

Wrapping It Up

Debt is a major setback when you’re trying to prosper in life. Paying off credit card debt is essential if you want to reach your financial goals. That means having more free income, a good credit card score, and even a chance to retire early. You become more productive each day because of the peace in your mind.

So, you now have some tips on how to pay off credit fast. Go ahead and get rid of that good life progress killer!

More Tips on How to Pay Off Debt

Featured photo credit: rupixen.com via unsplash.com

Reference

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