Social Media Platforms That Could Help You Earn Money
The internet has brought many opportunities for creative people to become famous and earn money online. In this era, writers, musicians, filmmakers, and other content creators can share their creative visions with grateful audiences through various modes.
It has been reported that over 50 million people around the world could consider themselves content creators. Of these, 46.7 million consider themselves hobbyists, of which more than two million consider themselves professional creators, earning enough from their passion to make it their full-time job.
Getting into monetization doesn’t have to be stressful. Users can go from live streaming to social gaming to content commerce and the list of opportunities only keeps growing.
If you are still wondering how to start making money from social media platforms, here is everything you need to know. We bring you the best social media platforms and how you can engage your customers accordingly to gain followers and monetize them.
As a next step, it is imperative to think about monetizing YouTube videos at least once in their career. There are several ways to do this. The most effective and common method is through the YouTube Partner Program (PPY). This is an upgrade that allows the user to place ads on their YouTube videos and earn money. Before applying for the YouTube Partner Program, a user must have 1,000 subscribers, a total of 4,000 channel watch hours, and meet the YouTube Community Guidelines. Eligible users can now enable monetization for as many videos as possible on YouTube. Other ways to monetize your content on YouTube include branded deals, affiliate marketing, and live YouTube.
Twitch is a global live streaming platform focused on which gamers are best for subscriber interaction within your profile. It is owned by Amazon and has become one of the best streaming platforms. The platform currently has around 17.5 million daily active users. The overall application offers extremely easy configuration with a flexible user interface and is compatible with almost all popular video streaming utilities. The easiest way to monetize content on Twitch is through Bits, which is a kind of currency used within the platform that users can use to obtain and send. For each emoticon/bit sent, the creator of the emoticon receives economic compensation, specifically $0.01. Users can also earn money on the live gaming app through Amazon’s affiliates, subscriptions, and advertisements.
Bolo Live is considered as India’s largest live video streaming platform which focuses on democratizing monetization for every content creator through live entertainment, games and much more. The live-streaming app comes with built-in real-time gamification, driven by microtransaction-based donation options and aims to create the world’s largest platform for active, behavioral science-driven entertainment from from India, with love from all over the world. Today, the biggest monetization opportunity available to content creators on the platform is where audiences give virtual gifts to live streamers of their choice.
- In order to offer virtual gifts, fans buy diamonds on the platform by paying cash.
- Top creators are already earning close to INR 2 lakh per month from the platform, with over 110
- creators earning more than 1 lakh per month. Cumulatively, content creators are getting closer
- at INR 2.75 crore per month from the platform.
Instagram is a behemoth of a social media channel that continues to grow at an unprecedented rate. Wondering what it has in store for you? Although it is a platform designed to share photos and videos, with the right approach, you can even make money on Instagram. Before you start your monetization journey on the platform, create a community of dedicated and engaged followers. For starters, there are plenty of ways to monetize your content on Instagram, from selling your own products, affiliate products, creating sponsored content, to video product placements. One of the most effective ways to start your monetization journey is to offer your subscribers paid access to your exclusive, high-quality video content. also known as a subscription video streaming service. This feature allows a creator to design whatever content they want, be it educational, inspirational, entertainment, or anything in between, and earn a steady paycheck for their creativity. In this feature, subscribers would pay a monthly subscription to access premium content at a price set by the creator.
According to a research report, live or video commerce is expected to gain traction in the Indian e-commerce market, with the potential to reach a size of $4-5 billion GMV by 2025. Live commerce is a form of online shopping that combines instant purchase of a featured product and audience participation through real-time chats and feedback. One such platform, Meesho, brings an environment of comfort and enjoyment and harnesses the discovery factor in online shopping, which is very different from conversational e-commerce platforms. It is an online reselling platform that allows people from[variouspartsoftheworldstartabusinesswithoutputtinginthemoneyupfront[différentesrégionsdumondededémarreruneentreprisesansmettred’argentaudépart[variouspartsoftheworldstartabusinesswithoutputtinginthemoneyupfront
Latest Technology News