Overview How To Earn Money
Earn more money, More income streams equal more money. In this age where one has numerous expenditures, one cannot rely solely on the 9-5 job. With different income streams, you don’t need to put all your eggs in one basket. Instead, you can save some. To enhance your financial status, to continue growing your wealth, and meet your financial goals as well, you need to develop extra income streams.
Less effort, more revenue. Since the 4-hour workweek was released, everybody is shifting towards this strategy. To wake up in the morning, open the laptop, and look at the total revenues of different streams of income on screen is what everybody wants to do these days.
How can you do that?
Earn more money, Passive earning is the answer. You can set several passive ways to make extra income streams. Passive income streams let you invest in one time, either it is time, effort, or money. You just have to invest it once and then have the cash knocking at your doorstep. The entrepreneurs who are getting rich nowadays have adopted this strategy. They have several streams that provide them with the cash pouring in every month.
Now that we have an idea of extra income streams. You must be wondering what are those earning streams that you can adopt forthwith?
You’re in luck because we have enlisted the top ways that you can opt and start generating cash flow from multiple streams in no time. Read on next to find out how.
The best definition you can read of affiliate marketing is on Pat Flynn’s Smart Passive Income blog.
Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.
Earn more money, Did you get the process? In affiliate marketing, what you need to do is promote other businesses and earn commissions. You can do affiliate marketing on different platforms such as Youtube, Facebook, Instagram, Pinterest, and Linked In. So, dip your toes into the wondrous world of affiliate marketing and use social media to make more money. Let’s make you aware of how you can earn through these platforms.
- Affiliate Marketing Through Facebook
Facebook affiliate marketing is an incredible way to increase your revenue. With billions of people accessing Facebook every month, your target audience is significantly inclined on this platform. You can make money by simply posting on Facebook. It is as simple as that.
Not sure how you can monetize your Facebook? Following are the steps you need to take to make your Facebook monetize.
Step 1: Create a Facebook page or a group
To avoid spamming your friends and family with affiliate links, make a separate page or group. It’s a simple, easy, and free way to grow an established fanbase that’s eager to buy what you’re selling.
Step 2: Build your audience
Get your page or group a good number of followers and build your audience. Post about your page or group on other groups and gather your followers like this.
Step 3: Engage with your audience and build a relationship
Nobody loves to see ads. You know people skip the ads when they come on YouTube. They don’t see them. Even you and I do that. Therefore, you first need to engage with your audience and build a relationship. You need to develop such a relationship that your audience believes in you and respects your opinion. So, thinking of how can you do that? Read on.
This rule says that 80% of your posts must be educational, entertaining, or shareable. At the same time, 20% of your posts can be promotional. You can create blog posts to solve your audience’s problems to add value to your post and connect to your audience. Or else; you can have fun quizzes to engage your audience.
Step 4: Use Facebook Ads
For affiliate marketing, use Facebook ads and not direct affiliate links for marketing. Your audience can click through the ads posted and buy whatever suits them. The higher the number of buyers, the higher the earning.