Social Media as a Passive Income Source

Changing Your Financial Lifestyle by Using social media to Generate Passive Income

Having some extra cash can be great, and nowadays, there are so many opportunities on social media to earn some income.

You can easily turn a hobby or talent into a side hustle using platforms on the internet and social media.

You’ll be able to have an extra stream of income to help support your family, be able to spend more time with your kids, or have more opportunities to travel. Here are some ways you can get started today!

Become a Freelancer

Freelancing is a great way to offer services to clients. You get the freedom of choice as you can decide how much you want to work and the work you take on.

As a freelancer, you’ll define your services and pricing. Think about your skills and what you would offer to prospective clients.

Popular choices for freelancing are software development, writing, digital marketing, web/mobile developing, and graphic design, but the options are endless!

If you’re not quite sure what services you want to offer, browse popular freelance sites to see what all is out there.

You might come across something that you didn’t think about doing at first!

Starting out as a freelancer doesn’t have to be intimidating! There are lots of websites out there that will help you get connected to potential clients.

Fiverr is a website that makes it very easy to start offering services. Simply create an account, describe your services and create packages, and determine your pricing and delivery time.

Customers will find your profile and place orders through you. This option makes it a great way to bring in extra income since you are setting your own prices and how long you will need to deliver the product. It’s great as a side job!

Another site you can use to offer freelance services is Upwork. Upwork operates in a similar way to Fiverr in that you can list the type of freelance services you can provide.

However, on Upwork, you will see postings from customers that are looking to bring on a freelancer for their project.

You can scroll through job postings and submit a proposal for jobs that interest you. In the same way, you are getting the freedom to be selective with the work and pay that you choose to take on.

Affiliate Marketing

Affiliate marketing is where you can earn a commission off of promoting a product on social media. Each time someone clicks on the link you share, you will earn a commission.

To get started, you’ll want to figure out your product niche and audience. This is especially important because you receive payment when your audience clicks on the link and makes a purchase.

You’ll want to be promoting and recommending products that you think your audience or followers will be likely to be interested in. Once you’re ready to get started, you can go through a company to make the process easy for you.

Some are Affiliate Future, Avant Link, CJ Affiliate, Click Bank, Flex Offers, Link Connector, Sharea Sale. You can also visit websites of some of your favorite products and see if they have an affiliate program. Some do, like Amazon Associates or Shopify Affiliate Program.

Blogging

You can actually use a blog to bring in some extra cash! Figure out what your direction will be with your blog and come up with a creative name that conveys what you’ll be blogging about.

Go through a website hosting company to get your blog up and running on the internet. Once you’re live, customize your blog’s look and get started with your very first post!

It’s easy enough to write whatever and put it out on your blog, but you want to make money from your blog! There’re a few ways you can accomplish this.

You can do some affiliate marketing by following the same steps up above and incorporate it into your blog posts.

You can also have banner ads on your blog where advertisers pay to have their ad or logo visible. Use Canva to create all sort designs

Depending on your blog content, you can also sell digital products or digital coaching.

Sell Designs Online

If you have art skills, try selling your products online! You can easily upload digital artwork designs on websites like Society6 or Redbubble and let them handle the rest.

Or, if you have an actual product that you can sell, consider listing on Etsy. You can control when you have your products in stock and how long it will take you to make and send out the product.

This is a great way to turn a fun hobby you have into some added income! You can also use social media to promote your art or designs.

Make an account on platforms like Instagram or TikTok to show off your designs and direct viewers to your online storefront.

There are so many ways you can use social media and the internet to change your financial lifestyle. And so many of these opportunities are easy to get started with!

All it takes is a matter of looking at your skills, hobbies, and interests and turning those into a job. Get started today with offering your services and start bringing in some extra income for you and your family!