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In this guide, you will learn how to make money with social media in Nigeria during this era of smartphones.
If you are a social media user in Nigeria, then you must have been aware of the ban on Twitter imposed by the Nigerian government, but this ban has been lifted to allow businesses and individuals to continue with their services on the social platform.
Apart from Twitter, there are also other social media platforms where you can make money online by engaging your users. Some of these other social platforms are Facebook, Telegram, Instagram, and even WhatsApp.
While a few other people spend their time chatting on social media, you can be one of those that spend their time and data making more money off of their social media accounts. Now, you have the choice of deciding to convert your online presence to cash or to continue spending money on data with no return.
Please always avoid platforms that may ask you to pay to join a program that can help you make money on your social media accounts. We have made this article easily accessible to all and for free.
How to Make Money on Social Media
There are over 3.48 billion social media users around the world. What this means is that, the number of people you can reach through social media is infinite and all you have to do is start from somewhere and do more research.
Here’s a list of ways in which you can make money online as a social media user.
1. Become a Social Media Marketer
This is the easiest way to monetize your social media account if you have a large number of followers. In Nigeria, there are different companies and businesses that would like to partner with individuals who are well known on social media.
Now, let’s get to know what your job as a social media marketer will be. As a social media marketer, you will be required to promote the services, products, and image of companies or individuals on your various social media platforms in order to help them find leads or grow their brand.
You can earn as much as $5,000 to $40,000 a year as you grow in the business. How do you find people to promote? If you are loaded with followers, people will find you and promote with you.
2. Make Money Posting Ads on Social Media
This is a common way of monetizing your social media account by getting paid to post ads for your users.
We all know that “ads” is an abbreviation for advertisements, and there are different platforms where you can get ads to post ads on your social media platforms in exchange for cash.
You can join platforms such as Famebit, Dealspotr, Izea, Ifluenz, and many others. These companies help you find and connect with advertisers who will pay you to post ads on your social network profiles.
Another way to make money posting ads on social media is by sharing news content with short links. You can use some link shorteners that pay you when people click on your links.
Here is an example of what I mean, let’s say you are posting a news story on your social network profile from BBC. And you use the link shortener to shorten the link. When your followers click on the link, it will show them a little advert before redirecting them to BBC. That way you make money as people click and read. You can get started with link shorteners like: ADF and OUO.
3. Affiliate Marketing
Affiliate marketing is one of the top ways to make money from social media nowadays, it is all about recommending products or services for money.
Let’s look at an example, let’s say you share contents on your profile about fashion, then you can sign up with a fashion company as an affiliate. You will include their links in your post. Whenever anyone clicks to buy, you get a percentage (Commission). Please note that this is just an example as there are various categories to venture into asides Fashion.
You can get started with these affiliate sites and make money from your social media accounts today: Commission Junction, Jumia Affiliates, Linkshare, Impact Radius, Amazon Affiliate, Konga Affiliates
4. Sell your Product or Services
Do you know you can promote your own skills to followers on your account as long as you have a good presentation, you will be surprised at how many people will patronize you.
You can also drive more traffic to your blogs or YouTube through social media. By doing this, you will have more views and possibilities to earn from your Blog or YouTube monetization.
5. Partnership Program
You can join various partnership programs on social media and make money. Please note that this works if you are a content creator.
What I mean is, if you love making videos, you can join the YouTube Partner Program and earn money doing what you love.
If you are an app developer or a blogger, you can join the Facebook Audience Network and make money with your passion.
That’s all about how to make money with social media in Nigeria. Please also note that this post is not just meant for Nigerians alone. You can try any of these methods and start making money on social media, whereever you are.
Don't forget to leave a comment through the comment section below and also try as much as possible to share this post with your friends on various social media platforms.