Influencers are those who have good audience and advocacy. Social media influencers are those with the good number of engaging followers on Facebook, Twitter, Instagram, YouTube and many other social media websites.They are the people who have the power to affect the purchase decisions of others.
People may not trust brands very much, but 90% of people believe brand recommendations from friends.
Social media influencers act as a bridge connecting companies to consumers. They can influence their followers by suggesting and recommending products or services on behalf of the companies. Usually, this type of marketing generates twice the sales of paid marketing.
A social media influencer has diverse income stream possibilities, and it is essential for brands to know where an influencer’s strength lie. Many social media influencers regularly find the finest approach to fit in very different revenue streams in order to lift up their status as well as their income. It is also important for influencers to keep on diversifying to protect their Influencer marketing business.
Here are few ways Social Media Influencers can make money online.
Make Money on YouTube
An influencer can make money on YouTube by creating the quality video or hire to create the quality and share-worthy video, and share on social media. You can earn money with YouTube ads.You can also earn by promoting business/product or services through YouTube videos.
Basically, here influence become part of the company’s online sales team. The influencer gets compensation for making referrals as well as get the commission for sale conversions. And they do this through sharing affiliate links to the products or services. If someone clicks the link and ends up purchasing that item, the Influencer will a get a commission. You will just make huge commissions in this technique once you have a huge number of group converting as well as purchasing the product.
Partner with Freelance Writer or Blogger
Companies are looking for the smart and creative individual who can create a high-quality blog post or article about their business and products. Find a smart blogger and become a social media sharing partner.
Product Sales or Become Affiliate Sales Publisher: Social Media Influencers can sell their own merchandises using the blog. Also, they could sell ebooks, printables, downloadable content, physical products and webinars online.
Social Media Posts Sponsoring
Sponsored social media posts also promote products like in Affiliate marketing. There are many YouTube, Facebook, Twitter, Instagram users with good authority get approached by companies to promote or advertise their products to their fans or followers on social media profiles and pages.
There are lots Influencer programs online where you can join and start earning money using your social media profile. Most of all those platforms are easy to use and understand. You can earn from $10 to $1000 or more for every post depending on the number of reaches, views or engagement.
Earn Money by Speaking and Guest appearances: This is the traditional way of making money for Influencers. Influencers get paid to speak at or be present at events and conferences.