Best three ways to earn money as an Influencer
Let’s cut to the chase, there are only three genuine and time-efficient ways to earn money as a social media influencer. You might find dozens of articles with dozens or even 100 different ways to earn money as an influencer. But primarily they can be categorized into three as follows: Influencer Marketing, Affiliate Marketing, Entrepreneurship. Let’s Explore them in details-
Influencer Marketing:
As an Influencer, you must have 1K+ followers to use this strategy. You should have at least 10K followers to earn something worthwhile. There are two options for this strategy:
- You approach brands
In your niche, there must be brands that need Influencers to sponsor their products. You can be one of them but you need at least 10K followers to get their attention. You need to approach these brands on your own via email or something. - Influencer Marketing Platforms
This one is a better and more Time-efficient approach. You just need to signup on an Influencer marketing platform and then brands will approach you. Here is a list for you of the best Influencer Marketing Platforms of 2020.
Affiliate Marketing:
Affiliate marketing is a completely different game. In Affiliate marketing, you do not get paid to create posts about the product. But you get a percentage of every sale that you make. It is more like a sales job. But it can also be easy if you have a particular niche. For example, If you are all about fitness then you can recommend your followers some fitness equipment, offer them a code or some link, and then you will get paid for every sale. There is a list of the best Affiliate Marketing platforms here.
Entrepreneurship
The Final is Entrepreneurship. It means starting your own product line or service business. You can select a product in your niche and build an eCommerce website based on the dropshipping model. Many influencers already use this model to build their own brand but it requires Initial investment and lots of time.
I liked the Influencer Platform more than Affiliate but the best is again Entrepreneurship
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