7 Tips – How to Make Money Using Social Media

Do you know what social media marketing is? Do you know how to go about making money using networking?
Before you can make money using something you need to know what it is. First you have to educate yourself on the subject then you can start to make money.

What is social media marketing?

Social Media Marketing is the art of using Social Media Platforms as marketing tools to market, promote and sell your products or services on and offline.

Social Media Marketing is a creative way to communicate, socialize, network, befriend, and chat with your existing and potential customers.

Social media marketing is promoting and trying to sell your product or service on social media/networking sites. Examples of social networking sites are Facebook, Twitter, MySpace, YouTube, People String, etc.

Other forms of social platforms are blogging and forums. Blogging enables you to write about your products and reach thousands of people. Forums give you a chance to link your website or blog with similar sites. Forums let you tell others about your products. You get to talk to people and create relationships with them by answering their questions on forum related issues and your products.

How do you make money networking?

1. Build Yourself A Website or Blog:

You can not benefit from social networks if you don’t have a well designed website or blog. The website is your online office or shop where your visitors from social networks come to view your work, products or services. It is important to have a well designed website.

2. Have links to your website on many different kinds of social Websites:

This will potentially increase traffic to your website resulting in many more customers hence resulting in an increase in sales.

If you are doing this for internet business reasons it can lead to you making money.

With so many different forms of marketing on the Internet, making money with social media is an easy and fast way to get in front of potential customers. There is no reason you could not start a new blog and be getting 500 visitors a day in less than 2 months if you work at it.

3. Carry Out Your Own Social Media Research:

Different Social Networks have different memberships from the others. Therefore it’s advisable to carry out a thorough research to find out which social platforms are suitable to your product or service marketing and promotion. You do not want to be in the wrong market place.

To find out more about making money with social platforms you need to further your research and decide which social media sites are best for you and the customers that you are trying to reach.

4. Educate yourself On The Proper Use Of Social websites:

You can find many websites online that offer excellent training on social media including blogs, forums, e Books, and videos. Learn as much as you can to muster the workings of social media especially in the marketing of products and services.

5. Work Hard At It:

To make money with social networks you have to work hard at it all of the time, just like any other form of internet marketing. If you are willing to do this you can start and run any business you want online and use social media to promote it.

6. The Future of Marketing is in Social Networks:

Growing your brands market share will be won or lost on social platforms. According to a study by Unisfair, here is – 2010 Marketing Mix:

a) Social Media…………………………………………75%
b) Web Search/SEO…………………………………….51%
c) Email Campaigns…………………………………….49%
d) Virtual Events………………………………………..48%
e) Online Advertising……………………………………28%

7. Have Clear Objectives For What You Want to Accomplish With Social Media:

For example:

a) Create brand awareness through a strong fan base and social channel opt-ins
b) Incentive users to engage with your brand on a regular basis
c) Convert new customers and drive increase in sales

8. Make Use Of Contests and Competitions (which are viral by nature) To Drive Traffic:

This is a sure way to keep traffic flowing to your website especially if there are prizes to be won. The effect of this is:

- Hundreds of thousands of Unique Page views
- Sustained high level of Brand engagement by all measurements
- Significant, continued growth in your Brands Social CRM and social channel opt-ins

It is important to start working on your social networking connections to grow your clientele base. The money will be made through smart use of social platforms as marketing, promotion and selling tools for your products and services.