‘5 ways to monetize your social media followings’ – Marketing Land
Tim Peterson says, “Social media has not only revolutionized the way that people communicate and stay in touch; it has completely transformed business and marketing practices as a whole.
Over the past five years, social media websites have become some of the largest and most meaningful pieces of the digital marketing puzzle.
While many still maintain that social platforms are for communicating and not slinging products, others would vehemently disagree; just look at Facebook, Instagram and other networks’ efforts to integrate e-commerce options.
Generating revenue is, by many standards, the sole reason why many aim to accrue millions of followers; massive awareness often leads to either sponsorships or sales. Either way, cash is the ultimate goal.
But is it possible to monetize moderate social followings that don’t reach into the hundreds of thousands and beyond? You bet it is.
If you’re ready to start having your social followings work for you, here are five ways to turn your social presence into a bona fide stream of revenue.
1. Create an online course that educates your followers
E-learning is a gargantuan industry that’s poised to grow exponentially over the next several years, reaching $325 billion globally by 2025“.
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