3 Creative Ways Social Media Influencers Can Make Money

It's only within the past few years that people became familiar with the job of a social media influencer. It simply didn't exist. ...

It's only within the past few years that people became familiar with the job of a social media influencer. It simply didn't exist. Social Media Influencers include everyday people with large followings as well as celebrities with millions of views and likes every day. While many social media influencers earn money from sponsorships with big brands, it's not wise to solely rely on the income of brand deals and partnerships. Instead, consider some of the creative ways you can intentional pivot your income streams in order to financially thrive and remain independent.

Top 3 Creative Ways to Make Money on Social Media as Influencer

1. Develop your own physical products

If you're a beauty influencer, it's a great idea to come out with your own line. Whether you are interested in developing a skincare line, a fragrance line, or a makeup line, stay within your niche. After all, it's what you're best known for. You can always branch out to include candles, home fragrances, or other complementary products. However, find some great vendors, develop a fulfillment process, and build your website. Do your research in order to get an idea of how much traffic you expect your website to get. Based on your research, determine whether you'd like to try Big Commerce Vs Shopify. Choose the best option based on research and recommendations as well.

2. Sell a line of e-courses and e-books

If you have a specific skill set that you know other people will pay to learn, package your knowledge up into an e-course. You can even consider producing a line of e-courses. Whether you're a fitness guru who wants to teach beginner, intermediate, and advanced yoga classes or you're an eBay guru, teach what you know. You can also create matching e-workbooks or get a ghostwriter to create eBooks for you. Use large platforms like Amazon's Kindle Store to get more traction and visibility for your content. You can even teach people how to become an influencer in their own right.

3. Invest a portion of your income

Outside of the digital arena, it's wise to invest your money into passive income streams. Learn how to strategically invest in the stock market, the foreign exchange market, and more. As you learn one trading method, you can add another to your tool belt. It's also good to invest in real estate. People will always need a place to live in. If big brands stop paying for brand partnerships, it's still great to have a solid cushion from rental property income to land on. There are countless ways to practically invest in real estate. Don't be intimidated by the process.

Conclusion:

To many people, being a social media influencer marketing expert has its fair share of autonomy. You get to decide your hours, control the number of brands you work with, and maintain creative control of your products. However, if you don't generate enough income, it's easy to succumb to the demands and remain at the mercy of whatever brand deal comes your way. Instead, remain in control of your destiny by strategically pivoting your income streams. While it might feel tough at first, you'll be better off in the long run.