Earn Money

Wednesday, August 10, 2022

5 Best Ways to Make Money on Instagram

 

5 Best Ways to Make Money on Instagram


  1. 1  Collaborate with brands on sponsored posts
  2. 2  Become an affiliate
  3. 3  Open your own ecommerce store
  4. 4  Create an Instagram shop
  5. 5  Sell your photos online

  6. The methods that may work the best for you will depend on your unique brand of Instagram content, your target audience, and your level of commitment.

    The beauty here is that chasing one revenue stream doesn’t necessarily rule out another.

    So let’s start with the most common approach to Instagram monetization: partnering with brands as an influencer.

1. Collaborate with brands on sponsored content

The term “Instagram influencer” gets thrown around a lot these days

Many brands just can’t compete with that, so they partner with influencers on sponsored content like posts, Reels, and Stories that help get the word out about their products.

How to decide what to charge as an influencer

Typically these influencer deals involve the creation of content—Instagram ads, a post, a video, or a Story—and will sometimes include permission for the brand to use this content on their own site or in an ad.



2. Become an affiliate

Unlike an influencer, an affiliate is more invested in making sales for the partner brand—not just generating awareness—in exchange for a commission.

This is typically done with a trackable link or unique promo code to ensure clicks actually translate into sales. Use a mix of clickable links in your Instagram bio and Instagram Stories or through stickers. Since you can’t put links in Instagram posts, you can create promo codes so you can make money from different angles. 

  • ClickBank. An affiliate platform with a tier-based commission that’s open to everyone.
  • LTK. An invitation-only fashion and lifestyle influencer network that offers 20% commissions.
  • Amazon Associates. A popular option that pays out a 10% commission.

3. Open your own ecommerce store

By now it might sound like the only way for an Instagrammer to make money is to sell out and work with other brands.

But creators of all kinds are in a good position to “sell out” with their own products: physical goods, services, or digital items that can be an extension of their brand, building a business with an audience at its center.


4. Create an Instagram Shop

The past few years have been huge for ecommerce brands and creators who want to sell on social media. Instagram has released a ton of features under the Instagram Shopping umbrella, which allows people to easily shop your business’ videos and images on the platform. 

It all starts with an Instagram shop, a.k.a. your storefront. There, you can share your story and sell products. Instagram provides a sleek experience for shoppers to browse and buy your collections. All you need to set up Instagram Shopping is a Business or Creator account. 

5. Sell your photos online

Someone might get famous on Twitter by telling 140-character jokes, but Instagram is a photo-sharing app at its core. And photos are assets that can be licensed, printed, and sold in a variety of ways.

If photography is what got you into the Instagram game in the first place, you can list your photos in marketplaces like 500px or Twenty20, where brands and publishers might license them.

However, you can also sell your photos as prints and on other physical products using a similar method described in the last section. Services like Printful and Teelaunch let you put your photos on posters, phone cases, pillows, and more, taking care of fulfilling orders and customer service, so all you really need to worry about is making sales.


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Saturday, August 6, 2022

How to Make Money on YouTube 7 ways to earn income

 How to Make Money on YouTube:

 7 ways to earn income from your YouTube channel, complete with step-by-step instructions.

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Bonus: Download the free 30-day plan to grow your YouTube following fast, a daily workbook of challenges that will help you kickstart your Youtube channel growth and track your success. Get real results after one month.

How to make money on YouTube

1. Join the YouTube Partner Program

The YouTube Partner Program is how regular YouTubers get access to special features on the platform.

You don’t need to be a partner to make money on YouTube (just setting up an AdSense account and getting views is enough to handle that), but being a Partner makes it a lot easier.

YouTube Partners have access to multiple income streams: not just video ads, but YouTube Premium subscription fees, and features that tap your loyal fans’ wallets directly like Super Chat, channel memberships and the merchandise shelf (more on these later.)

Step 1: Start a YouTube channel

Don’t worry, we have a handy guide for this. It’s called ‘How to create a YouTube channel.’

Step 2: Make your channel successful enough that it meets the YouTube Partner Program requirements

To join the program, you need a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.

Here are some ideas for how to get more of those precious YouTube views.

Step 3: Set up an AdSense account

This is simple. Just follow YouTube’s official guide to AdSense accounts.

Step 4: Explore your new monetization features

Each monetization channel has different eligibility requirements. For instance:

  • Ad revenue: to earn ad revenue, you must be at least 18 years old, and you must create content that is advertiser-friendly. Basically, the less controversial your videos, the more YouTube advertisers will be comfortable running ads on them, and the more money you make.
  • YouTube Premium revenue: if a YouTube Premium member watches your video, you get a portion of their subscription fee. (This one is automatic, which is nice.)
  • Channel memberships: in order to sell channel memberships to your subscribers (i.e., your fans opt in to pay you an extra amount), you need to be at least 18 and have more than 30,000 subscribers.
  • Merchandise shelf: in order to sell merch from YouTube’s merchandise shelf, you must be at least 18 years old, and have at least 10,000 subscribers.
  • Super Chat payments: if you want your fans to have the ability to pay to have their messages highlighted in your live chats during your live streams, you must be at least 18 (and live in a country where the feature is offered).

Step 5: Submit to ongoing reviews

As a YouTube Partner, your channel will be held to a higher standard, according to YouTube. You have to follow not just the YouTube Partner Program policies, but the Community Guidelines. Not to mention staying on the right side of copyright law.

2. Sell your own merch

Maybe you identify as a content creator first, and entrepreneur second. (Just remember that even Drake sells t-shirts.)

Alternately, you’re an entrepreneur first and video creator second, which means you probably already have a product, and you’re designing your YouTube marketing strategy to sell it.

Either way, merchandise is a viable way to earn money from YouTube.

Step 1: Imagine and design your product

Merchandise for your channel is meant to both represent and feed your audience’s connection with you. That means your merch should be unique.

Hawaiian YouTube star Ryan Higa launched his milk-based energy drink Ninja Melk to leverage the popularity of his viral comedy, Ninja Melk. While he also sells t-shirts and other merch from his online shop, Ninja Melk’s appeal is broad enough it has its own website.


Step 2: Source and/or build your product

In most cases, you’ll need a manufacturer, supplier or wholesaler to make and deliver your product. Some suppliers will deliver it to you, and some will spare you the headaches of inventory, shipping and returns by handling it themselves.

If you’re not sure where to start, check out Shopify’s how-to on the topic of finding a brick-and-mortar company to make your dream a reality.

Step 3: Create your shop and landing page

You’ll need a separate website to handle purchases. If you want to link it directly from your videos (and you do), refer to YouTube’s list of approved merchandise sites.

Step 4: Enable your YouTube Partner merchandise shelf

YouTube Partners can also use the shelf feature to sell their channel’s merchandise. If you’re eligible, follow YouTube’s instructions to enable it.

Step 5: Promote your product in your videos

This is where your charm comes in. Wear or use your merch in your videos. Feature viewers who have bought and are using it. (If we were on another platform, we might call this ‘user-generated content,’ or possibly ‘solid gold’).

And don’t forget to add your store’s link to your video descriptions, and include end screens and cards with compelling calls to action.


3. Create sponsored content

You don’t have to be on Instagram to be an influencer. The advantage of the #sponcon strategy is that you don’t have to give YouTube a cut of your earnings. You negotiate directly with the brand, and they pay you directly. No wonder it’s a popular way for YouTubers to make money.

If you can offer brands a large and/or engaged audience—and your content is relevant to their target market—they probably want to hear from you.

For instance, YouTuber Aaron Marino, a.k.a. Alpha M, is big in the men’s lifestyle space. How big? So big that even his videos that explain his brand partnerships have brand partners.

Step 1: Find a brand to partner with

Quality is important, when it comes to the names you work with. You probably already have a wish list of dream brands. Whether you’re aiming for the stars or building yourself up grassroots-style, make sure you perfect your brand pitch before you send it.

Also consider signing up with an influencer marketing platform. These are intermediary websites that help marketing teams find appropriate influencers to work with. FameBit was one of the first to focus on YouTubers, for instance.

Step 2: Make a deal

According to this recent study by influencer marketing platform Klear, YouTube videos are, on average, the most expensive type of sponsored content brands can buy from influencers. Basically, YouTube influencers are able to charge more for their videos than they would for Instagram Stories or Facebook posts, because video is just more expensive to produce.

While your rate will vary on your audience’s size, engagement and relevance to your potential partner, know your worth before you sign a contract.

Step 3: Be transparent about your #sponsored #ad

Sponsored content is advertising. That means you need to make sure you’re in step with Google’s Ad policies. The FTC (U.S.) and ASA (U.K.) both have guidelines of which you should be aware, too, if you’re American or British.

Transparency is good for your legal health, but also for your relationship with your audience. YouTube has a visible disclosure feature to help you make sure your audience is aware that you’re advertising to them.

4. Become an affiliate partner

If your YouTube audience is loyal and engaged, but not quite there yet headcount-wise, look for companies investing in affiliate marketing.

YouTubers affiliated with businesses encourage their viewers to visit the brand’s online store or specific product pages. They then get a percentage of sales made through their — you guessed it — affiliate links.

In terms of setup and logistics, affiliate partnerships are similar to sponsored content deals, so follow the steps from tip #3 to get started.

5. Get your fans to pay you directly

This strategy for making money on YouTube includes a few different income streams, but they all have one thing in common: you have to make it easy for your fans to show their appreciation with their credit card.

Step 1: Host live chats where people can use Super Chat

In early 2017, YouTube replaced their previous Fan Funding feature with Super Chat. This is a feature that is only available to YouTube Partners while they live stream.

Essentially, your viewers can make their comments more visible—they’re highlighted and pinned for a set amount of time depending on how much they pay—in the live chat stream.

6. Use crowdfunding

Soliciting donations online is now commonplace. Whether you’re looking to build ongoing revenue from a pool of small monthly donations, or looking to fund a personal, channel-related project, crowdfunding is how many YouTubers make money.

Step 1: Set up a crowdfunding account

YouTube has a list of approved crowdfunding sites to choose from.

For recurring funding Patreon is a top choice. Meanwhile, sites like GoFundMe or Kickstarter are best for one-off campaigns to get a new mic, or new laptop, or new … spleen.

Even household names like Walk Off the Earth or Veronica Mars (ok, she’s a fictional character) have used Patreon to fund their projects, be they music videos or feature-length films

Step 2: Promote your campaign in your videos

Detail your specific goals so that people know exactly what they can expect when you’ve succeeded.

Also, offer enticing perks that stack as your fans choose how much they want to donate.

For more information and inspiration, check out this detailed guide to crowdfunding strategies.

Step 3: Go beyond YouTube

A successful campaign is a multi-platform affair. We have some advice on how to promote your YouTube channel (and by extension, your crowdfunding campaign) everywhere else.

7. License your content to the media

When a video goes viral, every news outlet wants to get their hands on a copy in order to replay it for their audience. Fortunately, established media companies are well aware that they need to pay for what they use. And voila, you’ve got yourself another way to make money on YouTube.

As a content creator, licensing your most successful work to the media can be as simple as making sure you’re easy to find.

Step 1: Keep your contact details updated on your About page

You never know when lightning will strike. Even if you don’t have a business manager, set up a generic email account that you can point to for business inquiries.

Step 2: Sign up to a video rights marketplace

Jukin Media is a great place to start. Even if you don’t have a viral video like the Chewbacca mask lady (see below), media outlets often need timely footage to round out their reporting.

For instance, Jukin has an entire catalogue of ‘newsworthy’ videos that you can contribute to, if you happen to have exclusive footage of a major natural disaster, plane crash, or plague of locusts.

How much money can you make on YouTube?

Sadly, this age-old question has one infuriating answer: it depends.

The sky is the limit, as 9-year old YouTuber and multi-millionaire Ryan Kaji’s story proves. But getting into 7-digit territory takes a lot of time, consistent work and luck.

YouTube revenue relies heavily on AdSense. In simple terms, YouTubers get paid for each ad view on their channel. But rates vary across geographies, demographics, and even industries (software ads may have a higher CPM than, for example, clothing ads).

On average, YouTubers make between $3 and $5 per 1,000 video views through AdSense. If your channel is reaching a lot of people, this can stack up to a pretty paycheck. It’s not uncommon for big creators to cash out upwards of $200,000 each month from AdSense alone.

But even if your channel is trending and AdSense revenue is filling up your bank account, remember that YouTube fame depends on many factors, some (or most) of which are out of your control — the YouTube algorithm can change, as can your audience’s tastes and needs.

To make sure that the money you make on YouTube turns into a healthy and consistent income, follow our 7 tips and branch out. Merch, branded deals and crowdfunding can make you money even if, for whatever reason, your AdSense paychecks go down.

With Hootsuite, you can easily upload, schedule, and promote your YouTube marketing videos across multiple social media networks from one dashboard. Try it free today.






Wednesday, August 3, 2022

Make Money on Amazon in 2022 – 10 Top Methods

 Make Money on Amazon in 2022 – 10 Top Methods

If you’re worried that you’ve missed the e-commerce boat, don’t worry. It’s just getting moving.

While several ecommerce companies like EbayShopifyWalmart, and Etsy can make selling products online easy, in my experience, the best way to make money online is with Amazon.

Amazon is a huge opportunity for those who want to join the world of e-commerce. In 2020, Amazon raked in $386 billion in revenue — over half of which was fueled by third-party sales. 

But what can you do to get a piece of the Amazon pie?

There are tons of great ways to earn cash on Amazon, so to help you find what method might work best for you, this article dives into the top ways to make money on Amazon in 2022.

Let’s get to it!

 

1. Sell your own private label products on Amazon

The best way to make money on Amazon in 2022 is still through private label sales using Amazon’s Fulfillment by Amazon (FBA) network. Around 67% of all Amazon sellers run their business using the private label method. 

Private label is a process of manufacturing a pre-existing item (preferably, with product improvements), putting your branding and logos on it, and selling it to consumers. Sometimes it is referred to as white labeling or brand creation. (The process has been around for years and is common in countless retail stores; Target’s Mainstays brand and Walmart’s Great Value are two examples of private label brands.)

Thanks to FBA, Amazon is able to deliver your products (typically in two days or fewer — what you likely know as Amazon Prime). This is how e-commerce business owners —l ike you and me — can list goods on Amazon and make money from the sales.

Amazon makes private labeling even easier thanks to a number of advantages:

  1. First, you can use a tool like Jungle Scout — the all-in-one platform for selling on Amazon — to estimate the sales your product will make once it’s on Amazon.
  2. Next, it’s easy to source and manufacture your products with the help of platforms like Alibaba or Jungle Scout’s Supplier Database.
  3. Finally, after you’ve created your product, you can sell it on Amazon using FBA. You don’t even have to ship your own orders!

How much money can I make selling private label products on Amazon?

Approximately $625 to $1,875 per month per product.

Over half (56%) of private-label sellers earn $5,000 or more in monthly sales, and nearly two-thirds (59%) have profit margins over 16%. Among private-label sellers who have more than a year of selling experience, 20% have earned over $10,000 in lifetime profits.

Note: To learn more about how much Amazon private label sellers spent to get up and running, how long it took them to become profitable, and what categories they’re selling in, check out Jungle Scout’s The State of the Amazon Seller Report.

Where can I learn more about selling private label products on Amazon?

If you want to learn more about how to make money on Amazon with private label products, Jungle Scout offers a free course to help you get started: How to Sell on Amazon.

 

2. Publish your own books on Kindle Direct Publishing

Amazon Kindle Direct Publishing (KDP) allows you to publish your own books on Amazon.

In addition to digital format, you can print actual copies of your book too. 

The only catch with this option is that you usually need to write somewhat prolifically in order to find success. Though it is possible to publish one or two wildly popular books, volume is the true name of the publishing game.

The more you write, the more you make.

How much money can I make writing for KDP?

Up to $40,000 per month.

I’ve heard that some authors make as much as $40,000 per month. These writers, however, tend to be prolific and write topically to gain notice.

Once you write the material, you don’t have to write it again! Nor do you have to worry about inventory.

How can I learn how to make money on Amazon with KDP?

While I don’t know of any specific course I trust for teaching this particular method, I do trust Tim Ferriss.

And, coincidentally, the serial entrepreneur wrote an interesting article on how to become a Kindle millionaire.

It’s definitely worth a read if you want to make money on Amazon with KDP: How to make $1,000,000 selling e-books tactics and case studies.

 

3. Sell wholesale goods on Amazon

Similar to Private Label, selling wholesale involves purchasing bulk quantities of product to sell using Amazon’s FBA network.

The primary difference, however, is that you are selling other companies’ products. Therefore, you don’t have to worry about manufacturing and branding the products.

For a lot of sellers, it’s one of the most popular ways to make money on Amazon.

How much money can I make selling wholesale goods on Amazon?

Up to $3,000 – $4,000 per month.

While wholesaling on Amazon has become notoriously more difficult in the last few years, it’s still a great way to earn money.

Note that it is a lot more competitive than the private-label market — since you’ll likely be sharing the Buy Box with other resellers. So it can sometimes be a “race to the bottom” on prices where the only “lever” sellers have to compete with each other is through lowering their price relative to their competitors.

Plus, the profit is all in the buy. If you can’t buy your goods for a low enough price, you won’t make money.

Still, 61% of wholesale sellers on Amazon make $5,000 or more in monthly sales — which is nothing to sniff at.

How can I learn to make money on Amazon selling wholesale goods?

Check out our uide to selling wholesaleg on Amazon. Once you’ve learned the basics, you can use Jungle Scout’s Product Database to sort and find worthwhile products to sell.

 

4. Deliver goods for Amazon

By now, you probably know that Amazon has its own delivery service. But did you know that you can join Amazon’s delivery fleet as a driver?

Amazon’s Flex program allows you to do just that. All you have to do is answer a quick questionnaire, download their app, and if you’re accepted, you start making money.

Think of it as Uber, but for Amazon deliveries.

How much money can I make on Amazon working as a Flex driver?

Approximately $100+ per day.

According to Flex’s homepage, Amazon pays drivers between $18 – $25 per hour, and the shifts are typically five hours long.

I’ve also read stories that even if drivers finish their shifts early, they still get compensated for the entire five hours.

Not a bad deal for $100+ per day.

How can I learn to make money on Amazon as a Flex driver?

Naturally, the best way to learn how to succeed with Flex is through their site: Amazon Flex.

 

5. Become a blogger

Ever wanted to start a lifestyle blog, publish how-to videos or recipes, or otherwise get your thoughts and ideas published? You can make money from Amazon while doing that! 

Picture this. You find a cool product on Amazon, send your friends the link, and – if they buy it – you get paid a commission. On your blog (or social media page or even in email), that link goes out to quite a few more folks, so you can make quite a bit more money in commissions. 

That’s how Amazon’s Associates program works.

Amazon Associates is an affiliate program where you sign up to get special links that only you can share.

Once you share the link and a purchase is made, you earn a percentage of the sale.

How much money can I make as an Amazon affiliate?

This money-making method varies greatly in its returns.

The Amazon Associates program is probably the most popular affiliate program on the internet.

While the commission percentages aren’t particularly high – usually only 3-5% – the conversion rates and volume you receive from sharing those links make up for it.

The downside is that you need to be an internet influencer. If you don’t have a decent social media following (or blog), making a lot in sales commissions will be difficult.

How can I learn to make money on Amazon as an Amazon affiliate?

Check out our comprehensive guide on How to Make Money as an Amazon Affiliate.

This guide will teach you everything you need to know about the Amazon Associates program and how you can get started making money promoting Amazon products.

  

6. Flip store-bought products with retail arbitrage

If you used to watch the U.S. version of “The Office,” you might remember the episode where Dwight bought up all the Princess Unicorn dolls around Christmas time. His plan was to sell them for $200 (or more) to last-minute shoppers.

And that, in a nutshell, is how retail arbitrage works.

For arbitrage, you go to a retail store like Walmart, Target, Barnes & Noble, etc. to find and buy discounted products. Then, you resell those items on Amazon at a mark-up.

How much money can I make doing retail arbitrage on Amazon?

The earning potential for this method varies.

Retail arbitrage can be competitive and difficult to scale but is still a fast and low-cost way to start making money on Amazon  You can make as much or as little as you want with retail arbitrage. 

Though to be an arbitrage seller, you need to have patience. Many times, sellers can spend the better part of a day or weekend searching retail stores for products only to come up empty-handed.

But don’t let that deter you—A lot of people start their Amazon selling journey using this method.

How can I learn how to make money on Amazon with retail arbitrage?

Jungle Scout has a great guide on selling retail arbitrage that goes over how to get started finding great products to flip on Amazon.

 

7. Flip online retail store products using online arbitrage

With online arbitrage, you’re buying products to flip on Amazon from other e-commerce stores, versus buying products in-store as you would with retail arbitrage. 

With retail arbitrage, you’re limited to physical stores in your area but with online arbitrage, the possibilities for purchasing inventory are nearly endless. There are opportunities to flip products from many online retailers such as eBay, Walmart, Target, CVS, Home Depot, and so on.  

How much money can I make on Amazon with online arbitrage?

The earning potential for this method varies.

The amount you can make with online arbitrage really depends on how much effort you put into the business. If you have trouble finding products online that will return a profit, you obviously won’t make any money. 

There are profitable deals out there, you just have to go find them!

 

8. Work from home as an Amazon rep

Amazon is quickly becoming one of the largest employers in the world. Following their purchase of Whole Foods in 2017, Amazon now has approximately 650,000 employees.

Naturally, not all of those employees work at Amazon’s headquarters in Seattle, Washington.

In fact, many of Amazon’s employees are remote employees who work from the comfort of their own home.

How much money can I make on Amazon as a work-from-home employee?

Around $30,000 per year, as a full-time rep.

The income you make as a work-from-home employee with Amazon depends on the position.

Doing a quick look on Google, it looks like most of the jobs offered are in data entry and customer service. 

Furthermore, Amazon established a $15 minimum wage in 2018. So, at the very least, you could make $30,000 per year as a full-time, work-from-home Amazon rep.

How can I learn how to make money on Amazon as a work-from-home employee?

A Google search will help you find Amazon jobs. But, if you prefer, you can also go straight to the source: Amazon jobs

 

9. Join the Mechanical Turk program

Amazon Mechanical Turk (MTurk) is a crowdsourcing marketplace.

Amazon has a little program with a funny name called Mechanical Turk (MTurk). Whether it’s data validation, research, or participating in surveys, Mechanical Turk works as a hub for outsourced tasks.

While the name might imply artificial intelligence, Mechanical Turk is actually the combined efforts of hundreds (and thousands) of remote workers like you.

How much money can I make on Amazon with the Mechanical Turk program?

Approximately $120 – $200 for a 20 hour workweek.

Mechanical Turk is a little more low-maintenance than some of Amazon’s work programs, so it pays a little less.

Nonetheless, online reports say that Mechanical Turk workers can still expect to make between $6 to $10 per hour.

How can I learn to make money on Amazon with the Mechanical Turk program?

Just like their jobs and Flex program, the best place to learn more about Amazon’s Mechanical Turk program is through Amazon itself: Amazon Mechanical Turk.

 

10. Handcraft your own items to sell on Amazon through Amazon Handmade
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If you’re creative, Amazon Handmade may be the spot for you!

By invitation only, Amazon Handmade allows artisans to craft and sell their own goods using Amazon’s platform.

Obviously, this method takes a bit more work to stay on top of your orders, since you would be producing them yourself. But, the exposure Amazon offers your brand is massive.

Amazon Handmade can really help a large audience discover your unique products.

How much money can I make selling handmade products on Amazon?

Upwards of $30 per day.

63% of Handmade artisans earn over $1,000 per month in sales, though with Amazon’s massive audience to market to, your earning potential with Amazon Handmade is limitless.

Even with Amazon’s fees, Handmade sellers are profitable. 33% of Handmade sellers have seen profit margins above 20%.

How can I learn how to make money on Amazon with Amazon Handmade?

Jungle Scout has a great article on this topic. We go over in-depth on how to get started selling on Amazon Handmadealong with the best categories to sell in.

 



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5 Best Ways to Make Money on Instagram

  5 Best Ways to Make Money on Instagram 1  Collaborate with brands on sponsored posts 2  Become an affiliate 3  Open your own ecommerce sto...