• Home / Social Media / Making Money On…

Making Money On Social Media

We all know social media and even use it in our daily lives. It keeps us posted on all the latest happenings on our friend’s lives and on everyone else we follow. It connects people in a way never done before. You can get in touch with childhood friends, family, casual and close friends, co-workers and even to complete strangers we feel like secretly stalking. You can get a glimpse of a person’s lives through their status updates or you can do it yourself, share whatever you want to share to everyone in your network.

And while social media was initially created to connect friends with one another, it has blossomed into a profitable industry where you can also make a lot of money. Social media marketing makes use of the various social media platforms as a means to promote specific products and services. Ads play a big role in making it a profitable endeavour in the digital world especially that you directly reach your target market. In layman’s term, social media marketing is known as e-word of mouth since that’s basically how it works.

Irrespective of whether you run a business online or offline, social media plays a vital role in shaping your business.  Gone are the days when social media was considered just a fad used by the younger generation to kill boredom. Currently, various social platforms provide insights about customers in a smooth and economical way. The communication that takes place through social media allows millions of people to network, interact, and promote businesses.

In today’s world, simply using traditional systems of advertising can’t keep anyone on the top. You need to update yourself with the benefits of social media to attract potential customers.

(Via: https://yourstory.com/2017/03/social-media-for-business/)

Any business, both big and small, can benefit a lot from social media. While big corporations have the money to burn and people who work for them to do everything they ask for, small businesses can also benefit from social media and can possibly help them boost their business and build their brand.

Small businesses benefit

I believe social media actually benefits small businesses more than it does large corporations. There is financial gain for any size company that is willing to open the lines of communication with customers and market to them in a personal, caring way that makes them feel valued. Social media provides small businesses a unique opportunity to level the playing field in carving out their piece of the marketplace.

When you spend money on social media, you’re not actually investing in a platform—you’re investing in a culture and in consumers who can ultimately become lifelong ambassadors of your brand. For ages, people who fear change and progress cling to the past at their own peril.

(Via: http://www.news-press.com/story/opinion/2017/04/07/social-media-worth-businesss-time-heck-yes/100133870/)

Now that you know how much you can gain when you do social media marketing right, do you know where to start and how to do it right to get the results you want?

  1. Listen To Customers Rather Than Promote 

Social media offers an open-ended platform to communicate and engage with your customers, so use it as such. Utilize the little time you have on social media to understand your customers and address their needs, not to promote your product.

  1. Make A Commitment to Social Media 

Social media can be a real challenge. The top tip I can offer you is to make a commitment to yourself and your employees to make social media a priority for you. 

  1. Establish A Goal Before Moving 

Develop a social media strategy the aligns with your goals and define your metrics for success. Don’t just jump into social media without a specific reason and a goal that you are trying to accomplish.

  1. Focus Your Efforts On Select Networks 

In today’s age, there are so many social networks to choose from and yet, as a small business owner, you can’t manage being active on them all. 

  1. Automate Your Social Media Strategy 

There are a number of tools and resources that help business owners increase their social media presence. 

  1. Batch Social Media Tasks 

The key to establishing a great social media presence is engaging content development. For busy business owners, doing the work in batches can seriously cut down on the time wasted when switching tasks.

(Via: https://www.forbes.com/sites/forbesagencycouncil/2017/04/07/12-ways-small-businesses-can-improve-their-social-media-presence/#3980da3133e6)

It might take some careful planning and preparation but once you know how to execute your social media marketing plan and strategy for your business, you can find a way to execute them all without taking away precious time from your work and personal life. For entrepreneurs who aren’t tech-savvy themselves, they find it easier to hire a third person to do the job for them. They often hire off-shore since it is cheaper but still gets the job done. It is better than attempting to do everything by yourself especially when you are clueless on how these things work to begin with.

There is a lot of potential for growth and making profits in social media marketing. It is no wonder that your social media feeds are full of ads or sponsored posts because the system works. Don’t hesitate or wait longer before taking advantage of this opportunity. Every day that passes by is money lost. Whether you are a big-time or struggling entrepreneur, you can make lots of money from social media ad the best time to do it is now.

Write a Comment

Your email address will not be published. Required fields are marked *