Social media has many advantages and disadvantages. One of the advantages of this is that you can earn money from it. It's not very difficult. You just need to know the right way. Basically, there is a gathering of consumers on social media, which you have to use to your advantage.
You can write a sponsored post in favor of a product or make videos that solve people's problems. You can also be a part of an advertisement, this all depends on you. According to the Data-Driven Field Guide Clutch, many businessmen are using social media platforms fiercely in today's era to grow their business. Obviously, there is no dearth of opportunities in such an environment.
You can earn a commission by promoting a company's products or services. This is called "Sponsored Posting", which is the most common way to make direct money on social media. Sponsored posts are setup on most media platforms. You can charge a few hundred rupees to thousands of rupees per post depending on the number of followers you have. Celebrities take lakhs of rupees for this work.
You can also earn money by reviewing products on social media. Companies get their products reviewed and pay for them. For example, suppose you run a beauty blog. Maybe a shampoo company asks you to post a review of a new product on your blog. This way their brand will reach new customers and you will be paid for this.
You can start a small business by selling your own products and services on social media. In fact, some social media sites allow you to turn your social media accounts into a virtual online store. You just need to find out which social media platform is best suited for your business. This is the easiest way to start your own business.
You can also earn by sharing your special knowledge on social media. YouTube is the most suitable platform for this. On this, you can develop "How-to" content. That is, you create videos that make it easier for people to do something specific. The more people watch your video, the more money you will earn. All you need to do is make a video in such a manner that you set up space for ads.