5 Proven Ways to Make Money on Social Media (No Product Needed)

snapchat Facebook Instagram Twitter you're probably on all of them and you know what why not monetize and make money but people are probably telling you that you need a product to make money that's a bunch of hey everyone i'm neil patel and today i'm gonna share with you five ways you can monetize your social media audience without a product the first tip and the first strategy this one's really simple is just go and promote someone else's product whether it's from affiliate rake or you know they're paying you a specific cost per promotion or whatever it may be wanted to promote someone else's product for example i have a huge social media following or at least I think it's a decent size for anything marketing related so if I go out there and I say hey you should talk about or you should go use a Tresor buzzsumo or SEM rush I've mentioned all those tools so many times over my videos no I don't have a deal with them and I don't have a philia trach or anything like that with these guys but if I wanted to I probably could get one I'm driving them sign ups I'm driving on revenue and it's really easy to hit them up and be like hey I want a commission most these guys already have affiliate programs on the bottom of their website all you have to do is sign up and use that link whenever you're talking about them on the social web here's what's cool about it you can even go to sites like Amazon Best Buy they all have affiliate offerings and pages even the largest companies that you can think of are doing affiliate marketing so it's really easy for you to go pick any type of product out there that's relate to your audience and sell it the second strategy I have for you is partner with someone who has a product but doesn't have an audience here's what I mean by that these days influencer marketing is huge when you put a brand a personal brand behind a product you can crush it just look at the Kardashians I don't know all of their names but I think one of the youngest ones the daughter right I think there are technically almost all of them are daughters but Kylie or Kim or Khloe or whatever her name is I'm sorry for not knowing it one of them is known for selling hair extensions makeup and lipstick all right when she sells it what happens when she puts it on Instagram or social media it sells out instantly now these days she's probably creating her own product but when she first started you could see that they were doing deals with other companies and they're like oh wait you have a product I have a brand let's partner up and I'll be the face of your product and let's make this thing big murder beats by dre dr.

Dre made a killing with Jimmy Iovine and that could be getting his last name wrong but I know his first name is Jimmy and then it of something to Apple for over a billion dollars really simple model use Dre's brand Jimmy's connections and they blew that thing up so much so that any time you watch a basketball game or NFL game everyone's like walking to the game sporting their like beats by dre headphones and it really blow up even the celebrities like the Kardashians were running on so if he finds them with the amazing product but no personal brand behind it you could be that personal brand think about how cool that is you can promote it do really well from and you can take a cut of the business not just a cut of whatever sales you drive but you can get a fraction of that business could be to 3% 5% 10% whatever it may be the third strategy I have for you it's just place ads within your videos if you're on social media create videos and put them on sites like YouTube they'll automatically put ads for you if you want to monetize it yes you're not gonna be the richest person but you can easily make 2 3 grand a month that may not seem like a lot but it could give you enough flexibility and freedom where you don't have to work for someone else it's kind of awesome and amazing money isn't everything in this world making enough to be happy and having that financial freedom in many cases is better than making 10 20 50 100 grand a month so don't always shoot for making the most amount of money also aim for financial freedom and by just putting ads on your videos or you know if you have a wordpress site you can allow them to monetize and you can under making money and promoting those articles via social media it's amazing way to end up making free money or little or easy money from ads the fourth strategy I have for you is influencer marketing and not the same influencer marketing they talked about you know a few strategies ago why not go and say hey you sell teeth whitening I'll pay per post to promote you on Instagram oh you're fit T yeah I'll talk about fit T I'm a celebrity or Fitness Instagram page and I can a breaking down and taking photos of how I'm using fit T to get more fit and building these muscles as you can see by my body probably not drinking much fit T and I'm not working out much I'm a more so a runner you get the point you see it on Instagram all the time people promoting other people's products taking pictures and they're not getting paid by spur sale they're usually not getting paid on a quote-unquote ad basis they're getting paid to be like an influencer and they're getting paid for let's say three months six months or a year they have a contract and they post typically one picture a month or one a week and they get paid a monthly salary that's amazing easy awesome way to make money if you have a social following number five last but not least premium content here's what I mean by this on Instagram you see a lot of these models taking pictures of themselves and then they use something called patron with like hey you can subscribe on patreon give me money each and every single month and I'll show you premium content you can do the same thing you don't have to take half-naked pictures and I'm not recommending that but more so what you can do is you can create exclusive more detailed thorough articles or exclusive videos for example I'm shooting videos here you're watching them why can't I shoot 30 minute videos or one-hour videos that break down step-by-step how to do everything from A to Z and charge for that I could I don't really care for the money so I'm not but that's a good idea of creating premium content and charging for it and you know what I know I said this video is gonna be five but because you stay to the end I'm gonna give you one extra bonus tip and the bonus tip for you is you don't need a product to generate income you could just go find someone else's product white-label it in essence you're creating your own business they can dropship it for you and the do a deal where every time you sell a product you send them the information they'll ship it out and you give them the money and you keep the difference what I mean by that is let's say you're saying hey you know what I'm into fitness I want to sell protein powder but I don't know how to create it I'm gonna go sell muscle for life's protein powder I'm gonna white label it and what I'm gonna do is every time I order I'll send it to them charge people $50 for protein powder I'll pay him 25 because it got a special deal and I just keep the difference and you can do that all day long again you're not gonna make a killing from doing this versus buying your own products but it's easier you don't have to worry about inventory holding costs or any of that I hope these tips help you monetize your social profile it's not that hard you just got to put in the time and effort and be patient keep tweaking one model may be better for you versus the other one but you won't know unless you test them all so just try them out think of it as spaghetti throw it against the wall see what works and sticks and then just move forward with that thank you for watching make sure you like share comment if you have any questions you're not trying to monetize your social profile leave a comment i'll answer and i'll give you advice thank you

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