Are you looking for ways to use ChatGPT to run a business? Here are ten ideas to get you started:
Virtual assistant business: ChatGPT could be used to create virtual assistants that can handle tasks such as scheduling appointments, sending emails, and managing social media accounts. This could be a great way to help busy professionals save time and streamline their workflows.
Chatbot development: If you have a background in coding or web development, ChatGPT could be a useful tool for creating chatbots for businesses to use on their websites or messaging apps. These chatbots could be used to provide customer support, answer frequently asked questions, or handle sales inquiries.
Language translation service: ChatGPT could be used to create a language translation service that can instantly translate text or spoken words from one language to another. This could be a great way to help businesses and individuals communicate with people in different parts of the world.
Online tutoring service: ChatGPT could be used to create an online tutoring service where students can receive personalized tutoring and homework help in real-time. This could be a great way to help students who are struggling to keep up with their studies or who are looking for extra support.
Social media management service: If you’re a social media pro, ChatGPT could be a useful tool for creating a social media management service. This service could handle tasks such as scheduling posts, responding to comments and messages, and analyzing social media metrics.
Personal shopping assistant: ChatGPT could be used to create a personal shopping assistant that can help users find and purchase products online.
Virtual event coordinator: ChatGPT could be used to create a virtual event coordinator that can handle tasks such as scheduling meetings, sending invites, and managing registrations. This could be a great way to help businesses and individuals plan and execute events online.
Customer support chatbot: ChatGPT could be used to create a customer support chatbot that can handle inquiries and complaints from customers in real-time. This could be a great way to improve customer satisfaction and free up human customer service reps to handle more complex tasks.
Personal finance manager: ChatGPT could be used to create a personal finance manager that can help users track their spending, create budget plans, and make financial decisions. This could be a useful tool for individuals looking to take control of their finances and make better financial decisions.
Online therapy platform: ChatGPT could be used to create an online therapy platform where users can receive counseling and mental health support from licensed therapists. This could be a great way to provide access to mental health care for individuals who may not have access to traditional therapy services.
I hope these business ideas have given you some inspiration for how ChatGPT could be used in different industries. Whether you’re looking to start a virtual assistant business, create a chatbot, or offer online tutoring services, ChatGPT has the potential to be a valuable tool for running a business.
Q: What are some ways that ChatGPT could be used to run a business? A: ChatGPT could be used to create virtual assistants, chatbots, language translation services, online tutoring services, social media management services, personal shopping assistants, virtual event coordinators, customer support chatbots, personal finance managers, and online therapy platforms.
Q: How can ChatGPT be used to create a virtual assistant business? A: ChatGPT could be used to create virtual assistants that can handle tasks such as scheduling appointments, sending emails, and managing social media accounts. This could be a great way to help busy professionals save time and streamline their workflows.
Q: How can ChatGPT be used to create chatbots for businesses? A: ChatGPT could be used to create chatbots for businesses to use on their websites or messaging apps. These chatbots could be used to provide customer support, answer frequently asked questions, or handle sales inquiries.
Q: How can ChatGPT be used to create a language translation service? A: ChatGPT could be used to create a language translation service that can instantly translate text or spoken words from one language to another. This could be a great way to help businesses and individuals communicate with people in different parts of the world.
I hope these FAQs give you a good overview of how ChatGPT could be used to run a business. Let me know if you have any other questions!
Passive income is a real thing, and it’s not what you think. In this post, we’ll explore what passive income is and how you can earn money while doing something else.
What is passive income?
Passive income is money that you earn without having to work for it. That’s right, passive income is not a myth! Anything that generates revenue on its own, without your intervention or interference, can be considered passive income.
Why does this matter?
Because if you have a dream of quitting your day job and living the life of your dreams as an entrepreneur or freelancer who makes over $100K per month, then passive income is the key to making that dream a reality.
In fact, it’s possible for anyone with a good idea and some initial capital needed to get started!
All you need is a little know-how about how it works—and this article will give you all of that knowledge in just under 20 minutes!
How can you earn passive income?
There are a variety of ways you can earn passive income. Some people choose to sell digital products such as ebooks, websites and online courses; others may create physical products like clothing or jewellery; and still other people will simply rent out their property to tenants.
Many business owners make the mistake of thinking that they only have one option for earning passive income: creating their own business and working hard every day in order to make it successful. While this certainly is one way to generate income, there are many other options out there as well! As long as you have an internet connection and some motivation, your options are truly limitless!
People often ask me how I made my first $1000 online through affiliate marketing without any prior experience or knowledge about SEO or anything related… The truth is that anyone can do it if they put in enough effort (I didn’t even know what SEO was at the time!).
Is passive income real?
Passive income is real and it’s not a get rich quick scheme. You might have heard about passive income, but you’re still wondering if it exists. The answer is yes! Passive income is possible and there are many ways to earn passive income. It may require some work up front, but once your business starts earning money for you, then you can sit back and relax—with no need to watch the clock or worry about bill payments.
While it’s true that making money becomes less of an issue when you start earning passive income from your investments—like dividend stocks or rental properties—it can take time before this type of business becomes profitable enough to support your lifestyle needs (including retirement) without having to go back into full-time employment again later on down the road when necessary due…
Passive income is not a get rich quick scheme, but can help you make money while you sleep.
Passive income is not a get rich quick scheme, but can help you make money while you sleep. It takes time and effort to build up your passive income streams, but it’s worth the effort if you have the patience to see it through.
Passive income is a long term goal. You will have to do the hard work to build up your passive income streams before they start flowing in by themselves without any additional input from you. Patience and perseverance are key for success!
Passive income isn’t easy money. You need to do the hard work first before your earnings flow in by themselves.
You’re probably wondering, “Is passive income real?” In short, yes. Passive income is very much possible—and it’s not just limited to your bank account. But like most things in life, there are sacrifices that need to be made before you can start making money while you sleep (or while you do anything else).
Passive income isn’t easy money. It requires hard work, which means that you’ve got to be willing to put in the time and effort necessary to make it happen. You’ll want to be ready for some risks; with risk comes reward! Finally, don’t forget about learning new skills—you’ll need them if your goal is getting paid passively!
Conclusion
We hope this post has convinced you that passive income is real and not a scam. It requires hard work, but the rewards are great. If you’re still not convinced, then we completely understand! We wish you luck on your journey to earning more money for yourself and your family.
Top 5 Tools To Get You Started on YouTube
Very quickly before you go here are 5 amazing tools I have used every day to grow my YouTube channel from 0 to 30K subscribers in the last 12 months that I could not live without.
1. VidIQ helps boost my views and get found in search
I almost exclusively switched to VidIQ from a rival in 2020.
Within 12 months I tripled the size of my channel and very quickly learnt the power of thumbnails, click through rate and proper search optimization. Best of all, they are FREE!
2. Adobe Creative Suite helps me craft amazing looking thumbnails and eye-catching videos
I have been making youtube videos on and off since 2013.
When I first started I threw things together in Window Movie Maker, cringed at how it looked but thought “that’s the best I can do so it’ll have to do”.
Big mistake!
I soon realized the move time you put into your editing and the more engaging your thumbnails are the more views you will get and the more people will trust you enough to subscribe.
That is why I took the plunge and invested in my editing and design process with Adobe Creative Suite. They offer a WIDE range of tools to help make amazing videos, simple to use tools for overlays, graphics, one click tools to fix your audio and the very powerful Photoshop graphics program to make eye-catching thumbnails.
Best of all you can get a free trial for 30 days on their website, a discount if you are a student and if you are a regular human being it starts from as little as £9 per month if you want to commit to a plan.
3. Rev.com helps people read my videos
You can’t always listen to a video.
Maybe you’re on a bus, a train or sat in a living room with a 5 year old singing baby shark on loop… for HOURS. Or, you are trying to make as little noise as possible while your new born is FINALLY sleeping.
This is where Rev can help you or your audience consume your content on the go, in silence or in a language not native to the video.
5. Shutterstock helps me add amazing video b-roll cutaways
I mainly make tutorials and talking head videos.
And in this modern world this can be a little boring if you don’t see something funky every once in a while.
I try with overlays, jump cuts and being funny but my secret weapon is b-roll overlay content.
I can talk about skydiving, food, money, kids, cats – ANYTHING I WANT – with a quick search on the Shutterstock website I can find a great looking clip to overlay on my videos, keeping them entertained and watching for longer.
TikTok is a social media platform that lets users easily create, share and discover short-form videos. It’s been around for about 5 years now, and it has over 1 billion users worldwide. TikTok is one of the most popular apps in the world, but most people don’t know how much money you can make by creating content on TikTok.
Can you make money on TikTok? – Yes! Many people make a living on TikTok with the TikTok creator fund and brand deals.
In this article, I’ll explain how much Tiktokers earn from their work on the app and show you some of the top stars who are making big bucks off their TikTok channels.
TikTok is a short-form video-sharing platform.
TikTok is a short-form video sharing platform. It was founded in 2016 by Bytedance, and it currently has over 1 billion users.
TikTok is a free app that you can download for iOS or Android. Once you’ve downloaded the app, you can post original content to your feed or watch other people’s videos and react to them with “hearts” or comments.
When you watch videos on TikTok, though, the app will still show sponsored posts from brands in between them (these are called “ad breaks”).
TikTok launched a Creator Fund in 2019, which pays content creators.
TikTok launched a Creator Fund in 2019, which pays content creators. The goal of the program is to encourage people with large followings to keep producing videos on TikTok and help them grow their audiences.
The Creator Fund gives users who have high view counts and follower counts (based on either their overall following or the number of views they’ve received over the past month) access to paid features like Super Broadcasts and Super Chat.
It’s not a profit sharing program; instead, it pays out when you meet certain thresholds based on how many followers you have. (source)
Top TikTok stars include Addison Rae, Charli D’Amelio, Loren Gray, Zach King and Spencer X.
TikTok is a free app that allows users to make short videos or vlogs. The platform is home to millions of creators who post content daily and share it with their fans.
How much can you make on TikTok? – The best TikTok stars are able to earn hundreds of thousands of dollars per month from their channel, while others make a living by posting sponsored content (i.e., paid advertisements).
Here are some top TikTok stars:
Addison Rae (1M followers)
Charli D’Amelio (2M followers)
Loren Gray (2M followers)
Zach King (11M followers)
Spencer X
TikTok’s most popular users make the bulk of their income from sponsored posts for other brands.
How much can you make from sponsored posts?
TikTok’s most popular users make the bulk of their income from sponsored posts for other brands. These are called brand deals, product placements, and influencer marketing—and it’s an increasingly common way for YouTubers to earn money online.
On TikTok, there are two types of brand deals: ones that require payment up front or in advance (also known as pay-to-play) and those that don’t require any upfront payment but only take a cut based on views (referred to as pay-to-view).
A sponsor may request that their content be shown first in your video or at the end of it in exchange for offering you compensation. If you’re interested in pursuing branded partnerships with brands on TikTok, check out Promoted by TikTok for tips on how to set up your account correctly so you get paid correctly when someone watches a video with their logo in it!
The top stars can earn thousands or even tens of thousands of dollars for a single sponsored post.
In the past, many of the top TikTok creators have made thousands or tens of thousands of dollars per sponsored post. Some have even made millions!
These days, it’s much harder to make this kind of money on TikTok because advertisers are less willing to spend big bucks on influencers. But it’s still possible—if you’re one of the top creators in your category, you might be able to make a few thousand dollars per post.
If you’re just starting out as a creator and haven’t built up an audience yet, expect to earn between $0-$100 per month until then. If your videos catch fire with viewers and build up momentum over time, however, you could eventually earn more than $1k per month for posting content regularly and creating compelling videos that get lots of views (and attract sponsors).
Today, you can only give tips during live broadcasts.
Now, you’re probably wondering how to earn tips on TikTok. The answer is that you can only give tips during live broadcasts. This means you have to be broadcasting an original video or a reaction video at all times in order to collect your rewards.
Tips are not a reliable source of income on any social media platform. They’re not even much of a reward all the time! If someone likes your content and wants to show their appreciation, they will likely follow you instead of tipping you money (which is what coins and hearts are).
The amount of tips that one receives varies depending on several factors: whether they have enough coins/hearts saved up; how many people watch their videos; if the user is popular enough; etcetera…
Josh Richards has been able to negotiate several deals based on his audience size.
Josh Richards is an example of how a TikTok user can make money. His channel, JoshRichardsTV, has over 1 million followers and he’s been able to negotiate several deals based on his audience size.
“It’s pretty common for myself and other creators like me to be approached by companies who want us to do sponsored content,” says Richards. “Sometimes it’s paid upfront, but most often it’s a revenue-share deal where I get paid 50 percent after the video hits certain viewership milestones.”
Tipping as a feature could bring in even more money for creators.
TikTok is a social video platform with over 200 million monthly active users. In 2019, the company launched a Creator Fund to pay content creators. Creators earn money from the ads that run on their videos through the app’s revenue-sharing system, which works similarly to YouTube’s Partner Program.
But could TikTok make even more money if it offered tipping as a feature? Tipping is already used on some apps like Instagram and Reddit (both owned by Facebook).
With enough followers on TikTok, you can earn real money.
You can earn money on TikTok by purchasing ads and sponsored posts. But the best way to make real cash is by creating your own content, which you can then sell through the platform. This is where things get more complicated; TikTok will take a cut of your ad revenue, but it varies depending on how popular your account is. You’ll also have to pay for post production costs like editing software, camera equipment, etc., as well as any other expenses associated with making videos (music rights costs).
So how much can you expect to make? It depends on how many followers you have and how often people watch your videos. On average, users earn about $4 per 1,000 views—which means that if 10 percent of viewers clicked “thumbs up” or purchased an item from one of our sponsored ads (like hot sauce), we’d be looking at approximately $40 in earnings per video!
Conclusion
If you’re looking to make money on TikTok, you need to put in the work. It won’t happen overnight and it won’t be easy. But if you want it badly enough and are willing to put in the time, then there’s no reason why you can’t make some decent cash from your videos.
Top 5 Tools To Get You Started on YouTube
Very quickly before you go here are 5 amazing tools I have used every day to grow my YouTube channel from 0 to 30K subscribers in the last 12 months that I could not live without.
1. VidIQ helps boost my views and get found in search
I almost exclusively switched to VidIQ from a rival in 2020.
Within 12 months I tripled the size of my channel and very quickly learnt the power of thumbnails, click through rate and proper search optimization. Best of all, they are FREE!
2. Adobe Creative Suite helps me craft amazing looking thumbnails and eye-catching videos
I have been making youtube videos on and off since 2013.
When I first started I threw things together in Window Movie Maker, cringed at how it looked but thought “that’s the best I can do so it’ll have to do”.
Big mistake!
I soon realized the move time you put into your editing and the more engaging your thumbnails are the more views you will get and the more people will trust you enough to subscribe.
That is why I took the plunge and invested in my editing and design process with Adobe Creative Suite. They offer a WIDE range of tools to help make amazing videos, simple to use tools for overlays, graphics, one click tools to fix your audio and the very powerful Photoshop graphics program to make eye-catching thumbnails.
Best of all you can get a free trial for 30 days on their website, a discount if you are a student and if you are a regular human being it starts from as little as £9 per month if you want to commit to a plan.
3. Rev.com helps people read my videos
You can’t always listen to a video.
Maybe you’re on a bus, a train or sat in a living room with a 5 year old singing baby shark on loop… for HOURS. Or, you are trying to make as little noise as possible while your new born is FINALLY sleeping.
This is where Rev can help you or your audience consume your content on the go, in silence or in a language not native to the video.
5. Shutterstock helps me add amazing video b-roll cutaways
I mainly make tutorials and talking head videos.
And in this modern world this can be a little boring if you don’t see something funky every once in a while.
I try with overlays, jump cuts and being funny but my secret weapon is b-roll overlay content.
I can talk about skydiving, food, money, kids, cats – ANYTHING I WANT – with a quick search on the Shutterstock website I can find a great looking clip to overlay on my videos, keeping them entertained and watching for longer.
As we’re keen to point out on this site, the internet provides a veritable cornucopia of ways to make money.
We are fortunate enough to exist in a time when it is possible to monetise more activities than ever before, which in turn gives more people a chance to earn their living doing something they love—or at least enjoy. And the good news about this post is that we’re talking about something that allows a wide range of people to do what they love, albeit indirectly.
Teaching others is, in a way, a gateway to doing what you love, since you can be teaching a subject you are passionate about. Online courses make this possible in the most convenient and lucrative way since you produce one course and it continues to educate and generate revenue after you have stopped working on it.
So, with that in mind, we’re going to walk you through the broad strokes of creating your own online course. Let’s get started on how create online courses works!
1. Choosing the Subject Matter
Bear in mind that, whatever you teach, you need to be genuinely knowledgeable in the topic. This is why so many people enjoy making online courses—because it gives them the opportunity to work on something related to something they are already passionate about. But, depending on your level of actual expertise in the subject matter, you may need to do some research if you’re going to produce an online course of sufficient quality.
Of course, you have an area of expertise, you already have an ideal subject matter. And, if that area of expertise happens to also be something you love, all the better!
Of course, we wouldn’t be doing our job if we didn’t point out that you should do some market research and make sure that your ideal subject matter is one that people are interested in. Doubtless, there will be a market for just about anything, but an incredibly specific and obscure niche may be too small an audience to be worth the time.
Of course, you can still do it for fun.
2. Research
Even if you are thoroughly knowledgeable in your chosen subject, it’s worth brushing up on the things you are going to be covering. If you are a professional in the field you are covering, we probably don’t need to tell you this, but for people who are covering something they are passionate about but perhaps not professionally trained, it’s easy to get a little get carried away.
Remember, you are selling an educational product. If that product is flawed, its potential plummets through the floor.
3. Outline Your Course
This is another area where it can be easy for less-experienced course-makers to get carried away with themselves and regret it later. We know it’s tempting, but resist the urge to go freeform when you are putting your course together.
Write a clear outline of what you are going to cover before you start. And we don’t mean a bullet-point list of headlines! Have detailed descriptions for each section, and we’d also recommend trying to assign each section an estimated time. Ideally, you want each section to be roughly the same length.
You also state an objective for each section. That will be important a little later in this post.
4. Create Your Content
You’re well-researched, you have your detailed outline, so now it’s time to get to the good stuff. The best way to approach this part of the process will differ from person to person. Some people will prefer to write a section at a time, editing and polishing each one before moving on to the next. Others might prefer to write the whole thing all of the way through and then go back and polish it.
However you feel comfortable doing it is fine, as long as you make sure that the finished product is free of errors.
Of course, if your content is video-based (as most are), you don’t need to worry about errors in your writing because your writing is only a script. But again, be on the lookout for basic errors, and try to make your video as high-quality as possible. You can get away with a poor-quality video containing good content on YouTube, but paying customers will feel cheated.
Once your course is completed, it’s time to test. Try to find a few willing victims—sorry, volunteers—who can work their way through your course and give you feedback with fresh eyes. In particular, ask them if they felt each section achieved the objective you set out in the outline. If not, consider reworking it.
Try to remain open-minded during this stage. When you’ve put a lot of time and effort into something, it’s natural to be defensive when someone criticises it. Remember, this is a product you are selling, and your testers are only there to help.
6. Publish Your Course
With all that done, it’s time to pick a course provider and publish your course. If you have enough of an audience already, you could sell your course direct to them. There is no definitively best solution here; it’s just a matter of what works for the individual.
Most of the online course companies that turn up on the first page or two of Google are perfectly fine, so shop around and see which one looks good to you.
7. Promote!
Don’t fall into the trap of just putting something online, leaving it to sit there quietly, and then wondering why it’s not making money.
You need to promote your course. If you have an existing audience, that’s great, you can certainly leverage that. But don’t neglect other sources.
You might consider buying advertisements on YouTube or AdWords, or releasing teaser content designed to give viewers a taste of the course.
Final Thoughts
We won’t lie, creating a good online course is a lot of work. It’s certainly not something you can whip up overnight. But if you have enough passion for a subject matter and you don’t mind putting in the hours, it can be a great way to generate revenue, grow your brand, and increase your audience.
Top 5 Tools To Get You Started on YouTube
Very quickly before you go here are 5 amazing tools I have used every day to grow my YouTube channel from 0 to 30K subscribers in the last 12 months that I could not live without.
1. VidIQ helps boost my views and get found in search
I almost exclusively switched to VidIQ from a rival in 2020.
Within 12 months I tripled the size of my channel and very quickly learnt the power of thumbnails, click through rate and proper search optimization. Best of all, they are FREE!
2. Adobe Creative Suite helps me craft amazing looking thumbnails and eye-catching videos
I have been making youtube videos on and off since 2013.
When I first started I threw things together in Window Movie Maker, cringed at how it looked but thought “that’s the best I can do so it’ll have to do”.
Big mistake!
I soon realized the move time you put into your editing and the more engaging your thumbnails are the more views you will get and the more people will trust you enough to subscribe.
That is why I took the plunge and invested in my editing and design process with Adobe Creative Suite. They offer a WIDE range of tools to help make amazing videos, simple to use tools for overlays, graphics, one click tools to fix your audio and the very powerful Photoshop graphics program to make eye-catching thumbnails.
Best of all you can get a free trial for 30 days on their website, a discount if you are a student and if you are a regular human being it starts from as little as £9 per month if you want to commit to a plan.
3. Rev.com helps people read my videos
You can’t always listen to a video.
Maybe you’re on a bus, a train or sat in a living room with a 5 year old singing baby shark on loop… for HOURS. Or, you are trying to make as little noise as possible while your new born is FINALLY sleeping.
This is where Rev can help you or your audience consume your content on the go, in silence or in a language not native to the video.
5. Shutterstock helps me add amazing video b-roll cutaways
I mainly make tutorials and talking head videos.
And in this modern world this can be a little boring if you don’t see something funky every once in a while.
I try with overlays, jump cuts and being funny but my secret weapon is b-roll overlay content.
I can talk about skydiving, food, money, kids, cats – ANYTHING I WANT – with a quick search on the Shutterstock website I can find a great looking clip to overlay on my videos, keeping them entertained and watching for longer.
Like many social media success stories, TikTok seemed to come out of nowhere and just, well, take over. And, like most social media success stories, TikTok has allowed lots of content creators to shoot thanks to their popularity on the platform.
But, while similar platforms like Snapchat and Vine are either dying or are already dead, TikTok doesn’t seem to have found a solution to one of the problems that plagued these other platforms; user monetisation.
Attention spans are not what they were, so we’ll save you some time; yes you can get paid on TikTok from the creator fund, but it’s not as simple as signing up for a partner programme as with YouTube. So, if you’re interested in learning how to get paid on TikTok, keep reading!
What is TikTok, Exactly?
If you’re reading this blog, you almost certainly know about TikTok. That being said, just because you know about it doesn’t mean you know it. Especially if you’re over the age of 30. So, for those of you who have resisted the allure of this Chinese behemoth, here’s a quick rundown of what you get from TikTok.
TikTok is a video-sharing platform that focuses heavily on collaboration. Users can easily “stitch” other users’ content into their own, as well as use the audio from other users’ videos over their own content. Much of the platform is built around this dynamic. For example, clicking the sound link of a video will immediately bring up all the videos that have used that sound, as well as the original video that the sound came from.
Videos are created in a portrait aspect ratio and can be up to 10 minutes in length. In practice, the majority of the videos on the service are a minute long or less. There is also a wide range of filters and special effects, similar to what is found on Snapchat.
What is the Monetisation Situation on TikTok?
So, about the problem we mentioned above. Much like similar platforms such as Vine, Snapchat, Instagram, and even YouTube if you focus exclusively on YouTube Shorts, TikTok does not have a way of directly monetising user content.
What we mean by this is there are no ads being shown against any particular videos. And that’s probably a good thing—these videos are generally very short, and it would likely kill viewership to force people to watch an ad before each video as YouTube does.
The solution is to monetise the platform in a more general sense, inserting ads into the feed every now and again, and then coming up with ways to pass that money onto content creators. In TikTok’s case, its method of choice is through its Creator Fund, more on that in the next section.
How Can I Get Paid on TikTok?
With the way TikTok makes its money established, let’s take a look at how you can make money on the platform.
TikTok Creator Fund
The Creator Fund is how TikTok compensates the creators on its platform. A variety of factors are considered when determining how much a creator is paid, so it’s not as simple as “more views = more money”. TikTok claims that its performance metrics are dynamic, meaning you could receive different payments even though your views and levels of engagement have not changed.
There is no cap on how much you can earn from the Creator Fund, though we know TikTok has committed a fixed amount to the fund ($5.8/£2.3 million over 3 years) and we know their userbase is measured in the billions, so don’t expect to become a millionaire through the Creator Fund alone.
There are some minimum requirements to make money on TikTok, of course. To be considered for a Creator Fund payout, you must be;
At least 18 years old
Be based in the US, UK, France, Germany, Spain, or Italy
Have at least 10,000 followers
Have at least 100,000 video views in the past 30 days
Keep your account in line with TikTok’s community guidelines and terms of service
Brand Partnerships
Brand deals work pretty much the same way on TikTok as they do anywhere else. This method of monetising your content does not involve the platform itself, but rather you enter an agreement with a brand directly (or through a third-party agency), and they pay you to raise awareness of their brand or promote their products on your channel.
There are no hard and fast rules for how brand deals work. Generally speaking, the bigger your audience and engagement, the more options you are likely to have regarding brand deals. That being said, content creators with small audiences can still get brand deals if their niche aligns with a particular brand.
Selling Your Own Products
This one is pretty self-explanatory, but if you have something of your own to sell, you can leverage your success on TikTok to sell it. The product could be music, books, video games, or anything else you create. If you create content on another platform where you make money (such as YouTube), you could attempt to funnel some of your TikTok viewers there.
If you don’t have anything to sell but you have built a large following on TikTok, you can partner with one of the dozens of merch companies to sell your own merchandise, like hats and mugs.
Is TikTok a Valid Source of Income?
TikTok is like any other short-form social media platform. It is possible to make money through the platform, but the number of people who make enough through TikTok alone to call it their “job” is so vanishingly small that nobody should have “TikTok creator” as their goal.
Instead, think of TikTok as another tool in your arsenal. You can make money from it, sure, but use its potential as a promotional tool to bolster your overall revenue. And, in doing so, add a little more diversity to your income streams.
Of course, if you just want to make funny videos or dance to the latest trends, that’s fine too.
Top 5 Tools To Get You Started on YouTube
Very quickly before you go here are 5 amazing tools I have used every day to grow my YouTube channel from 0 to 30K subscribers in the last 12 months that I could not live without.
1. VidIQ helps boost my views and get found in search
I almost exclusively switched to VidIQ from a rival in 2020.
Within 12 months I tripled the size of my channel and very quickly learnt the power of thumbnails, click through rate and proper search optimization. Best of all, they are FREE!
2. Adobe Creative Suite helps me craft amazing looking thumbnails and eye-catching videos
I have been making youtube videos on and off since 2013.
When I first started I threw things together in Window Movie Maker, cringed at how it looked but thought “that’s the best I can do so it’ll have to do”.
Big mistake!
I soon realized the move time you put into your editing and the more engaging your thumbnails are the more views you will get and the more people will trust you enough to subscribe.
That is why I took the plunge and invested in my editing and design process with Adobe Creative Suite. They offer a WIDE range of tools to help make amazing videos, simple to use tools for overlays, graphics, one click tools to fix your audio and the very powerful Photoshop graphics program to make eye-catching thumbnails.
Best of all you can get a free trial for 30 days on their website, a discount if you are a student and if you are a regular human being it starts from as little as £9 per month if you want to commit to a plan.
3. Rev.com helps people read my videos
You can’t always listen to a video.
Maybe you’re on a bus, a train or sat in a living room with a 5 year old singing baby shark on loop… for HOURS. Or, you are trying to make as little noise as possible while your new born is FINALLY sleeping.
This is where Rev can help you or your audience consume your content on the go, in silence or in a language not native to the video.
5. Shutterstock helps me add amazing video b-roll cutaways
I mainly make tutorials and talking head videos.
And in this modern world this can be a little boring if you don’t see something funky every once in a while.
I try with overlays, jump cuts and being funny but my secret weapon is b-roll overlay content.
I can talk about skydiving, food, money, kids, cats – ANYTHING I WANT – with a quick search on the Shutterstock website I can find a great looking clip to overlay on my videos, keeping them entertained and watching for longer.
YouTube Shorts monetization is finally coming in 2023. A New York Times leak has hinted that YouTube Shorts will finally be added to the YouTube Partner Programme and creators will get a 45/10/45 split on all revenue with 10% going to musicians and 45% going to the platform.
Starting in early 2023, Shorts-focused creators can apply to YPP by meeting a threshold of 1,000 subscribers and 10M Shorts views over 90 days. These new partners will enjoy all the benefits our program offers, including the various ways to make money like ads on long-form and Fan Funding.
We also want to support creators who are even earlier in their YouTube journey, from gamers showing off their speed runs to trendsetting DIY makeup tutorials. A new level of YPP with lower requirements will offer earlier access to Fan Funding features like Super Thanks, Super Chat, Super Stickers and Channel Memberships. To reward creators across a range of formats, we’ll have paths for long-form, Shorts and Live creators to join this new tier in 2023. Stay tuned for more details.
To be clear, nothing will change with our existing criteria—creators can still apply to YPP when they reach 1,000 subscribers and 4,000 watch hours. But these changes reflect the diversity of our growing creator community. Creators can choose the one option that best fits their channel while we maintain the same level of brand safety for advertisers. You can learn more here.
What are YouTube Shorts?
You might be reading this and wondering “what the hell is a YouTube Short?”, but don’t worry, we’re going to fill you in.
YouTube Shorts are essentially YouTube’s answer to Instagram and Facebook Stories. They are short videos—less than 60 seconds to be precise—that are intended for continuous consumption. In essence, YouTube wants viewers to sit and watch several Shorts one after the other, with the ultimate aim being to keep those viewers on the website for longer.
Many of us will happily sit through a 10-15 minute video, and if YouTube can put the right Shorts in front of a viewer, that 10-15 minute window could see them viewing 15-30 Shorts (many Shorts are much less than 60 seconds). These videos are primarily made for mobile viewing, something that is evident when you look at the portrait aspect ratio.
While regular YouTube is the kind of experience you can set up in front of your computer or laptop head off down the rabbit hole, YouTube Shorts is more of a “kill five minutes at the bus stop” kind of experience.
Why make YouTube Shorts?
You have been on the YouTube platform for years and you have always been told to stick to horizontal rather than “ugly looking vertical£ videos – why start making vertical videos now?
YouTube wants to win the new young creator demographic away from TikTok and to do that they are pushing the feature very hard to viewers.
Your videos could show up under the first suggested video on the mobile app giving you a large boost of views. Adopt it early and you could see great results before EVERYONE uses it! Make eye catching relevant videos and you could get featured against established large youtube channels.
Imagine if you could be one of the first people on YouTube all those years ago. Or one of the first people to grow an audience on Twitter and Instagram… this is your chance at a fresh new medium, but this time its supercharged by YouTube!
Even YouTube is exited about the tool
Get discovered: Every month, 2 billion viewers come to YouTube to laugh, learn and connect. Creators have built entire businesses on YouTube, and we want to enable the next generation of mobile creators to also grow a community on YouTube with Shorts.
I have been testing YouTube shorts and seen huge jumps in views even when the channel has only 65 subscribers!
Where Can I See YouTube Shorts?
YouTube shorts are currently curated by YouTube and displayed under videos on the mobile app.
It has its own shelf that you can swap through and the youtube shorts normally match the topic of the main video above – for example if you are watching a tech tips video you might see tech related short stories.
What is YouTube Shorts sizes? ratio?
The standard aspect ratio for YouTube Shorts 9:16. YouTube may add more padding for optimal viewing. The padding is white by default, and dark grey when Dark theme is turned on.
Recommended resolution & aspect ratios for YouTube Shorts.
For 9:16 youtube shorts aspect ratio, encode at these resolutions:
Like most social media platforms, Facebook is increasingly looking for ways to provide you with everything you might need from social media on their website. This isn’t an altruistic goal, of course; Facebook wants people to stay on their site as much as possible because it means more money for them! Still, that doesn’t mean you can’t take advantage of the incentives they are dangling to keep you there.
The answer is, of course, yes. You can make money on Facebook Live, and in this article, we’re going to take a close look at how you can make money on Facebook Live.
What is Facebook Live?
As mentioned above, Facebook Live is Facebook’s in-platform video streaming function. It allows users to start streaming video to their friends, followers, subscribers, and even total strangers on the platform with, in many cases, a single click. Indeed, if you are just streaming yourself in selfie mode, there would be no more setup required than it takes to get ready for a video call, and it’s as simple as that everyday task, as well.
While users have found a myriad of ways to use Facebook Live, it is designed for a personal, almost intimate experience. Consider a person of note—a celebrity or world-leading expert in a particular field, even just a regular person with a lot of friends. The sort of experience Facebook seems to have in mind is a person like that getting on video, live, and casually chatting to their fans, followers, and interested parties, answering questions from the chat, and generally “holding court”.
The video created during a Facebook Live—including the real-time chat—remains visible on that person’s Facebook page (unless they decide to take it down) and is eligible to show up in other people’s feeds when relevant.
Still unsure why you might want to use Facebook Live? Here are some common reasons;
Holding Q&As
One of the most common ways to use Facebook Live for interactive purposes is to hold a questions and answers session with your followers. These live streams typically just consist of the person in the video answering questions from fans. Sometimes they will get those questions directly from the chat in real-time, sometimes they will have polled their followers beforehand. It could even be a mix of the two.
Depending on the type of person doing the stream, the questions could be of a personal nature, such as would be the case for a celebrity whom fans just want to know more about, or they could be more professional, like asking a technology journalist about upcoming stories.
Giving Insight and/or Insider Information
On a related note to the hypothetical journalist above, a professional giving interested viewers an inside look at something they would not normally get to see is another good use for Facebook Live.
Some examples of this include an actor giving their viewers a glimpse behind the scenes of the set they’re working on, or a sound technician showing the chaos backstage at a gig they are setting up. Things like this will nearly always have an audience because there will always be someone interested, and it’s not something they can easily just go off and experience themselves.
Connecting With Your Audience
Facebook Lives don’t have to be offering any specific information to their viewers to have value to them. Personal blogs and vlogs have always been popular for the right people for a reason, and the same applies here. If you are popular enough that people want to know about you, they will welcome any insight into your life.
What makes this different from a Q&A Facebook Live is you don’t necessarily have to be interacting with the audience (though you certainly can). You could just be giving a bit of an update on your life, having a rant, or dropping stream-of-consciousness chatter on your viewers.
It’s worth noting that just turning the camera on with no plan and no real substance to offer is something that only really works for people with an existing fanbase. And we stress fanbase here because fans are not necessarily the same as followers. Fans will be happy to get a glimpse into your life, but people who follow you because you share industry-specific news aren’t likely to care what you’re having for dinner.
Sharing Industry-Related News
If you are a journalist (or something similar like a YouTuber who covers industry news), or a business, you could also use Facebook Live to break news, give updates, talk about new developments, and generally anything related to your field of expertise.
One example of this might be a sci-fi YouTuber going live from Comic-Con, giving a glimpse of proceedings to the thousands of people who wanted to go but couldn’t make it for whatever reason.
Making Money With Facebook Live
Now that we know what Facebook Live is and what you might use it for, how do we make money from it? Fortunately, Facebook has systems in place to help you do that very thing. And, as we’ll touch on shortly, there are always other ways to monetise your content, even if it means not using the official Facebook channels for monetisation.
In-Stream Ads
Perhaps the most familiar form of monetising video content, Facebook’s in-stream ads allows streamers to run ads during their video content, earning money based on the number of views and interactions those ads get.
Facebook gives you a good degree of control (if you want it) over how these ads are displayed. For example, you can run pre-roll ads that show an ad between 5 and 15 seconds long before showing the stream. You can also opt for mid-roll ads, which temporarily take over the main feed but keeps your live stream playing in a floating window. It is also possible to choose banner ads, which show up below your video (on mobile) and above chat.
In each case, Facebook aims to serve ads with as little disruption to the viewing experience as possible.
Stars
Facebook offers a way for viewers to tip live streamers using “Stars”, which are comparable to “bits” on Twitch. Viewers buy stars and can then send them to the live streamer. As the streamer, you earn one cent for every star you receive. Viewers can send a custom amount of stars, but they are encouraged to choose from a preset selection including 50, 100, 200, all the way up to 2,000.
Stars allow Facebook to make money also, in a very similar way to how currency exchange companies make money. While live streamers will earn one cent per star received, it costs viewers more than that to buy the stars, and that is where Facebook’s profit margin comes from.
Promotional Content
Making money through Facebook Live does not necessarily mean you have to use Facebook’s built-in systems. If you have things to promote—products, courses, live appearances (such as concerts)—you can use Facebook Live as a way to build interest, drive traffic, and generally raise awareness.
Granted, this is a much less direct way of making money with Facebook Live, and one that can be hard to track the success of, but it’s certainly an effective use of the service.
Brand Deals and Sponsorship
Another method of making money with Facebook Live that doesn’t involve Facebook itself is by striking up deals with brands. Essentially, you will get paid directly from a person or company to include certain content in your live streams. This content could be a straight-up ad, a review of a product, a how-to session, or anything really that raises awareness of the thing you’re being paid to talk about.
Of course, you will need to get into a position to make these kinds of deals before being able to take advantage of them. Having a large audience is usually enough, but content creators with smaller audiences can still get brand deals if they have a focused niche with an engaged audience.
Final Thoughts
These days, it’s possible to make money using just about any content creation platform on the Internet, regardless of whether that platform has any systems in place to make it easier for you. As it turns out, Facebook Live does have systems in place that allow you to make money.
But, like anything else, you need to get into a position to take advantage of these systems (or any other method of generating revenue) before you can benefit. You will need to grow an audience, build a reputation, and become someone who people are willing to watch when they go live. What that means for you specifically will depend on what your business is, but it will almost certainly require a bit of patience.
Working online is turning into more and more standard because of the pliability, diversity, and income-earning potential that online jobs offer. Plus, the start-up prices area unit minimal, and there area unit a spread of gigs looking on your interest and ability set. In fact, after I started my online business some years past, it prices American state virtually nothing, and that I had very little expertise.
But through trial and error and loads of toil, I have been able to create a regular financial gain from my online jobs for students.
If you are inquisitive about beginning your own online gig, there are unit lots of opportunities accessible.
Legitimate Online Jobs For Students
With the number of online jobs for students choices, it is onerous to grasp which of them are legitimate and which of them are not price sometimes. This list covers a number of the foremost standard and doubtless profitable decisions.
Featured Online Jobs
Most of the roles during this entire list are appropriate for anyone, however, I have divided them into classes for college students, moms, kids, and academics for simple sorting. This 1st list is best for anyone just because there is such a good type of victorious individuals operating these online jobs for students, and that they do not need any special degrees or certifications.
Product Tester
Pay: $5 to $15 per hour
As we know Product testing is a fun online job for students that allows us to make money working with products that you already want. As a paid product tester, you can test and review both physical and digital products.
After signing up for a product testing company like Vindale Research, you will get matched with products from various companies. Additionally, product testing opportunities periodically arise on Swagbucks Discover; checking in on both platforms from time to time will maximize the odds you are eligible for an offer. Once you receive and test a product, you will follow the instructions and complete a survey or similar task to provide your insights and feedback.
You will be paid in money gift cards, or get to keep the product you have tested. This is not a full-time online job for students’ opportunity, but it can make a good side hustle.
Online Seller
Pay: $40 to $60 on the average per box of items
You can sell nearly something online. Furniture, unused makeup, recent cell phones, and different school area unit are all viable choices.
If you have got youngsters, you will simply sell their gently used shoes, clothes, toys, and gadgets once they have outgrown them. If you get pleasure from this sort of online job for students, you will begin reconnoitring native yard sales, insect markets, and Facebook commerce teams for things to sell
When you find a used item at a steep discount, you can sell it on a site like Decluttr to flip for a profit. The more often you do this, the more money you can earn.
Blogger
Pay: $1 to $2,000+ per month
Blogging is an internet job wherever you will be able to make money on a part-time schedule. If you relish writing and serving others, and you recognize the way to be persistent notwithstanding you are not making money, blogging may be a decent appropriate you. It usually takes at least 6 to 18 months to start making money from a blog.
The fun thing about blogging as an online job for students is that you can choose a topic you are truly passionate about, and the opportunities from blogging are virtually limitless.
The four main ways to make money from blogging include:
Advertising – You get paid for putting ads on your blog.
Affiliate Marketing – This is where you get paid a commission for any products that you sell via your blog.
Digital Products – You can sell your own eBooks, courses, etc.
Services – If you like to work one on one with people, a blog can be a great way to generate leads for coaching, consulting, etc.
Facebook Ads Manager
Pay: $1,000 to $2,000+ per month
Many native business homeowners understand they have to advertise online, anyway, they do not acumen or do not have enough workers to figure thereon. If you have got Facebook and are at home with its advertising platform, or if you are willing to place within the time to be told, you can start contacting local businesses to offer Facebook ad services.
That is what Bobby Hoyt did. An avid digital marketer and blogger, he started offering Facebook ad management services to local businesses in his area and eventually turned that operation into a sizable income for himself. He launched his own FB Side Hustle Course that teaches others how to do the same. You can do this as a side hustle or turn it into a full-time job.
Dropshipping
Pay: $25 to $500+ per item sold
With dropshipping, you set up a storefront on a platform like Shopify, list your merchandise, then have the orders shipped on to a client from the provider.
This is an incredible possibility for anyone trying to find an internet job as a result of it permits you to figure in sales while not touching the physical product throughout a dealing and earn a decent financial gain at constant time.
You can sell anything from T-shirts to event tickets and consulting services, so this is an incredibly flexible online job for students.
Though the profit margin of dropshipping is not as high as when stocking and shipping your own physical products, the benefits of a completely hands-off method make it worthwhile.
Online Jobs for Students
These online jobs for students provide flexible options and offer a balance between concentrating on your studies while earning some extra money.
Freelance Writer
Pay: $50 to $500+ per article
If you love writing and can find clients that need content, then becoming a freelance writer may be a good online job for you.
It is okay to begin on a platform like Fiverr or FreelanceWriting.Com, however, you won’t notice high-paying freelance writing jobs on these sites. To earn a good financial gain, you will get to work directly with websites, companies, or online magazines.
You can additionally explore for purchasers by connecting with diary homeowners, native businesses, and native newspapers that may like writers. Otherwise to search out jobs is to affix writing Facebook teams. The competition is often fierce, however, you will have best if you are persistent and need to enhance.
Once you have established a solid portfolio, client roster, and testimonials, you can raise your prices.
Holly Johnson started freelance writing and went from making $0 to six figures a year using her own unique strategies. Now she teaches a course for freelancers to follow in her footsteps.
Proofreader
Pay: $10 to $45 per hour
There are many online jobs for students that allow you to make money proofreading, but you should not overlook the opportunities on campus.
Consider seeking out fellow students who could use a proofreader before turning in their next paper.
Proofreading is less in-depth than editing. Rather than making extensive corrections and suggestions, you work as a second set of eyes, looking for typos, spelling errors, and other minor issues to clean up their papers before they are submitted for grading.
Textbook Seller
Pay: 15% to 50% per book sold
Students area unit excellent candidates for book reconnoitring or mercantilism textbooks online. There are unit lots of, if not thousands, of scholars on school campuses United Nations agency, has not any interest in reselling their own textbook.
You can take advantage of their lack of time or motivation and offer to sell those books for your friends on a site like Textbroker. Negotiate a selling price, along with the fee you get per book, and do the work for them. As time allows, you can even scout online book prices and buy/sell during the prime textbook season (before the start of each new semester).
Social Media Manager
Pay: $15 to $40 per hour
If you are an avid social media user, you can put your skills and time to good use by starting an online job for students as a social media manager.
Managing a business’s social media is comparable to managing your own Instagram, Facebook, or Twitter. To be visible and well-known on social media, you have got to be not simply active, but interactive. Once somebody posts a comment or non-public message to you, you wish to reply quickly
Businesses often fail at social media because they do not have someone dedicated to staying active on various social media platforms. They often do not have staff available to respond to comments, create new and engaging posts, or monitor conversations within their communities.
Local businesses offer prime opportunities for finding an online job for students as social media managers. You can send an email, but it may be good to call or visit local businesses or introduce yourself through their social media pages as a college student looking to help.
Some businesses will not be interested, while others may jump on the opportunity to get more exposure online.
Data Entry Specialist
Pay: $10 to $17 per hour
Data entry jobs square measure legit choices for faculty students, however, you must consider carefully before applying. They are straightforward, however, they have a tendency to pay less and need longer than alternative choices.
The best thing about data entry jobs is that the work is flexible and can be done in your spare time. You can take on as much or as little work as needed depending on your schedule.
If you are interested in finding a data entry job, start with a platform like Clickworker or DionData Solutions.
If you are looking for online jobs for students that are perfect for moms, consider some of these options. Keep in mind that any of the work-from-home jobs can be tweaked to work for you as well.
Virtual Assistant
Pay: $19 to $25 per hour
Becoming a virtual assistant to an Associate in Nursing already established online business is one of all the simplest online jobs to do, and you will begin before long.
Virtual assistants typically handle things like programming, client support, body help, email promoting, social media posting, journal management, and far a lot of
You can offer whatever services you feel comfortable doing, and you can add more to your menu of services as you gain experience. Or, if you prefer, you can specialize in just one or two areas.
Reach out to small business owners and online entrepreneurs, or connect with other VAs in Facebook groups. They might have leads for your first few clients or tips on how to maximize your earnings.
Graphic Designer
Pay: $25 to $50 per hour
You do not need an art degree to become a graphic designer. There square measure online jobs for students that need graphic style skills for comes like making printable sheets, flyers, announcements, ads, or Pinterest pictures.
If you have got a watch for style and acumen to use tools like Canva or PicMonkey, there is an internet job expecting you. Making stunning Pinterest and alternative social media pictures is in high demand among bloggers and website homeowners and may facilitate virtually any business to attract contemporary traffic to its website.
Niche Website Creator
Pay: $100 to $10,000+ per site
If you are well-versed in search engine optimization (SEO) and understand how to get a site ranked on the first page of Google, you could make money creating niche websites. From hiking and mountain climbing to baby-rearing, there is no limit when choosing a topic.
A niche website is not like a typical blog where you have to add fresh content weekly. Instead, you set up a few landing pages that sell affiliate products in a single niche. There is no guarantee that a certain niche will be profitable, but you can start brainstorming topics that you think are being underserved.
After you have built the site and made it profitable, you can keep it to earn passive income or sell the site on a marketplace like Flippa.Com.
Setting up a niche site is similar to establishing a regular blog. If you know how to do that, you can get started creating your niche site right away.
Website Designer
Pay: $20 to $100 per hour
It is possible to learn how to design blogs and e-commerce websites without any formal coaching because of drag-and-drop builders that simply integrate with platforms like Shopify. If you are technically inclined and may spot the variations between a handsome website and a nasty one, you would possibly be able to begin planning and building websites for others.
Designing websites does not mean you need to reinvent the internet or create complex-looking websites. It means you need to know what looks good, is user-friendly, and meets your clients’ needs.
Although it is a simple process, many people are overwhelmed by the thought of creating their own website, and it is a gap you can fill while earning a good income.
Social Media Influencer
Pay: $20 to $100 per hour
If you prefer sharing your favourite deals, books, clothes, and alternative merchandise on social media and have engineered a loyal following, you will notice work as a social media influencer. With this job, corporations pay you to market their merchandise to your audience, and you will earn a proportion of the sales they create from your affiliate or referral links.
It does not take much to become a social media influencer if you choose a niche that is profitable and one you are passionate about it. You will need to post on your social media channels consistently and engage with your followers to grow your influence and your income.
There are companies like the Amazon Influencer Program and ShopStyle.Com that allow you to post-paid links on your profile.
Amazon Seller
Pay: $15 to $100+ per hour
Everyone shops on Amazon these days, which is why you can make a good income through Amazon as well.
The conception of Amazon arbitrage is straightforward, however, the method may be tedious. You discover discounted physical merchandise at your native stores and sell them at a profit on Amazon.
Though it sounds simple, your profits will quickly decrease because of Amazon’s sellers’ fees, shipping expenses, and time spent. However, if you already pay time thrift store searching or discount searching, then this online job for students may be for you.
Tutor
Pay: $14 to $22+ per hour
Online jobs where you can tutor students are a fantastic way for teachers to make money fast. You can sign up at any of these sites and tutor students on the subjects of your expertise
Outschool (does not require teaching experience; average pay is $40 per hour)
Wyzant (set your own rate)
VIPKid (bachelor’s degree required; pay is $14-$22 per hour)
YouTube Channel Creator
Pay: $0 to $2,000 per month
Kids making videos on YouTube is a huge industry right now. Ryan, the star of Ryan’s World, made $22 million in revenue in one year. With the help of his mom and dad, his channel became popular with kids everywhere.
Unfortunately, it is not as easy as recording a video, uploading it to YouTube, and watching the money roll in. YouTube made some changes to its minimum subscriber and view requirements before a channel can start making money.
Once those minimums are met, then you can place ads on the videos to create an income stream. That is why promoting your YouTube channel on other platforms is also important.
If your kids are driven and ready to be in front of a camera, then they might love the idea of making a profitable YouTube channel. You most likely will not earn the same amount of money as Ryan’s World, but you can earn something.
Amazon eBook Publisher
Pay: Up to 70% of each copy sold
Publishing a book on Amazon Kindle is easy and simple, but it is not a guaranteed way to make a lot of money. The books need to be well-written, edited, have a catchy cover, and have a clear marketing strategy. However, if you have a good idea, eBooks provide a way for your aspiring writer or illustrator to start earning some income.
If your teen has a talent for writing stories or drawing cartoons or picture books, you can help them start creating and uploading books to sell. This may be a fun way for them to earn money with their creativity.
Find Something You Like and Run With It
If you are interested in earning money online, there are many choices. To search out the proper one, brainstorm and admit your hobbies, skills, and abilities and choose one that works with those. If you cannot notice an associate degree existing job, you will be able to even produce one.
The best half regarding online jobs for students is that you simply will observe money from home by doing quite one gig or job at a time. If you wish to possess a diary and tutor, otherwise you need to possess an associate degree Etsy store and a YouTube channel and may work it all into your schedule, you can. A lot of you will be able to do to maximize your financial gain to realize your money goals, the higher you will be within the end of the day.
Perhaps you’ve recently considered leaving your full-time job to undertake a new challenge in your career. From freelancing, or even turning your side hustle into a full-time gig, there are various reasons so many people have recently decided to permanently quit the workforce.
Due – Due
While self-employment does offer better flexibility in your schedule, the ability to be your boss, and having the relaxation to work from home, it’s no wonder more than four million people were seen quitting their jobs during January 2020.
Times have been changing since the advent of the pandemic, and extended lockdowns have shown people that starting their own business can be financially beneficial if done right, and not having to answer to anyone else can help improve innovation and productivity.
Yes, being self-employed has its perks, and it’s become undeniable that working from home, and being your own boss is a lot more attractive than being stuck in an office or having to work for a company that doesn’t have the same moral stance as you.
Starting a business, whether it’s in your hometown, or perhaps somewhere else also brings financial constraints, even if it looks like the grass is greener on the other side. There are a lot one first needs to consider before making any drastic changes.
So whether you may be currently caught in the middle of leaving your job, or maybe you’ve already quit, it’s time to start talking about the financial mistakes you may endure in your time as a self-employed individual.
From budgeting, time management, work-life balance, and saving properly – there are a number of mistakes freelancers and the self-employed are making, and this article will help you avoid those mistakes.
Not Budgeting Properly
Right from the start, it’s time to get your finances sorted. Now that you’ve left a steady job, and a full-time salary, you need to start budgeting a lot better. Counting every dime and nickel you spend, and cutting back on unnecessary expenses.
There’s a simple equation that works, and it’s one you can apply to either when you’re freelancing, or when you still receive a monthly paycheck.
Split your earnings as follow:
50% Needs: These will be important bills such as utilities, mortgage, rent, and groceries.
30% Wants: This can be for things you want at a certain time, such as luxuries, or eating out now and again but aren’t truly a necessity.
20% Savings: It’s advised that you put at least 20% of your earnings in savings, an emergency fund or perhaps return that money into the business
If you’re operating a small business from home, or online, you will have to make cutbacks on your wants, as this will help you save a lot more, and you can use any excess cash to support the business.
Inadequate Use of Time
Perhaps one of the reasons you decided to work for yourself or start your own business is because it gives you the ability to spend more time with your family and do what you enjoy. While this may be the case, a lot of entrepreneurs, freelancers, and self-employed people still don’t understand the value of time.
Now that you have more time to do a lot of different things, it should be second nature to prioritize certain tasks and projects. Consider work that’s a high priority, and get that out of the way first.
Have a diary or tabletop calendar where you can write down important tasks that need attention. Focus on the important things first, before you go on to complete other projects.
Yes, having balance as a freelancer or self-employed person isn’t easy, working from home and maybe still having a family, but consider how every minute or hour you’re spending doing something unimportant, you could be using that time to learn a new skill, grow your network, look for new clients, or finalize a certain project.
Time is money, and it’s a standing fact you need to grasp right from the very start.
Unable to Separate Business and Personal Expenses
So perhaps you might have an idea on how to budget now, but you’re still not seeing any money come in and being put back into your business or entrepreneurial ventures.
Separating personal and business expenses is one of the main reasons a lot of small businesses, or freelancers can struggle to make money.
Although your new self-employment may only start taking off, you need to consider the money that’s coming in, and how it’s being divided.
For personal expenses, use your checking account, as money comes into the business, pay yourself a small salary, if possible. That account and money can now be used for personal purchases.
Any business-related purchases should be captured in a spreadsheet for tax-related purchases, and to ensure you don’t overspend on the business side.
As the business grows, or you start getting more jobs, you can start thinking of setting up a business account. Just remember, once you set up a business bank account, there can be tax-related expenses and filing you will need to adhere to, so be sure your business is on a level of income before opening a business bank account.
Not Tracking Expenses and Revenue
This goes hand-in-hand with separating personal and business-related expenses, and you must consider what you’re spending, over how much you’re getting in.
Some business owners tend to overspend, purchasing new stock, or goods when it’s not needed, or perhaps even when there’s not even cash flow to make a large purchase that isn’t needed right now.
It’s vital to the success of your business or freelance career that you keep track of how much is being spent, over the amount you’re making. If you’re a freelancer that works from home, purchasing expensive office equipment you might not require right now can make a dent in your budget.
The same goes for an entrepreneur making large business purchases when there’s not sufficient cash flow to sustain it.
Make sure that expenses are not more than your revenue or income, if you start seeing red on your books and in the budget, then it’s time to start paying closer attention to your budget.
Savings. Savings. Savings.
So perhaps you already had a healthy-looking savings account before you quit your job. By now, you started using some of that savings to either get your business off the ground, making necessary payments until actual money starts coming in, or you paid off some outstanding credit card debt.
Whatever you spent your savings on, it’s important that you now look to put back what you have taken out. It might not be possible immediately, but over time as you start generating a substantial income, you can place a portion of your revenue or income into your savings.
Your savings is your lifeline when you reach a point when sales were lower than you anticipated, or perhaps you haven’t received as many contracts as you’d hoped for.
Keep track of how much money you’re setting aside as an emergency fund, as you’re now completely in control of your money, expenses, and the income you make, you have to consider the seriousness of your savings.
Before anything else, make sure that you set aside at least 20% to 30% of your income into a savings account. You can also be smart about it, and place it in an account that receives a decent percentage of interest every month, or in a mutual fund.
Be sure to do proper research before you start looking at various ways you can make your savings grow, as you can run the risk of losing it as well.
No Efficient Tax Planning
Taxes are different for self-employed workers or working as a freelancer, and the sooner you get on top of it, the better.
For self-employed people, you will generally report your income and withhold your own taxes. There could be a possibility that you will need to pay a self-employment tax as well, and if you operate a small business, there could be business-related taxes that need to be filed as well.
Freelancers would also need to learn the rules of what to file, withhold and report, especially if you work from home.
It’s good that you plan for taxes as you start your new career ventures, as it’ll help you see how much money you need to set aside for taxes.
There are also different categories for business tax and freelance taxes, which can range from business expenses and purchases to personal expenses that can be filed as a business purchase. It’s a tricky and complicated system that if not properly understood, can cost you quite the amount of effort and money.
Now that you’re self-employed, and being your own boss, it’s time that you start taking better care of your finances. Not having that hefty paycheck each month, and having to make your own money comes with a lot of responsibility.
The better you understand how to work with money, and how to budget and save up for an emergency, the more comfortable you’ll become with business and personal finances.
It wasn’t that long ago that making YouTube videos were created just for fun. But now, it’s one of the highest-paying jobs on the planet. Content creators are making a living out of ad revenue, sponsorships, and using their influence to branch out to other business ventures. The competition is high, but here are the 20 of the richest YouTubers dominating the video-sharing platform right now.
Top 20 Wealthiest YouTubers of 2022:
1. Jeffree Star – $200 Million
The makeup artist and former musician is on the top of the list as he is a master of promoting his own brand, Jeffree Star Cosmetics, using his YouTube channel. He makes beauty content and shares his opinion on confidence, self-image, and fame.
Jeffree made money before YouTube by doing various makeup and modeling gigs. He also joined Myspace and gained a large following. He later started a YouTube channel to endorse his music. But when it didn’t work, he launched his own business.
With 16.1 million subscribers, he is far from being the most-subscribed YouTuber, but it’s enough to make him the wealthiest. His company alone makes him over $100 million yearly. Combine that with his other income sources, and Jeffree gets a $200 million estimated net worth.
2. PewDiePie – $40 Million
Felix Kjellberg, also known as PewDiePie, is dubbed by many as the king of YouTube. He has been on YouTube for a long time, popularizing commentary and reaction videos relating to video games and other pop culture topics.
PewDiePie was always passionate about gaming in his youth, so he recorded himself playing his favorite games. It wasn’t easy at first as YouTube didn’t have the monetization feature yet. He supported his lifestyle by selling artwork, working in the harbor, and running a hot dog stand.
He had the biggest YouTube channel for a long time until T-Series dethroned him after their rivalry. Still, he remains the most popular individual user on the site with 111 million subscribers and a net worth of approximately $40 million.
3. Markiplier – $35 Million
Markiplier is a YouTuber who makes comedic sketches and gameplay videos. Like PewDiePie, Mark has a long history on YouTube. He is a pioneer of the sketch style of playing every character involved.
He has created multiple YouTube channels throughout the years because of different reasons. The first time was when his Adsense account was banned. So, he made MarkiplierGAME. He is also a part of the now-deleted Unus Annus channel.
Now, his self-titled main channel has a subscriber count of 32.3 million. Mark has also found success in other ventures, such as podcasting and voice acting. He has a net worth of around $35 million as a result of his endeavors.
4. DanTDM – $35 Million
Originally referred to as TheDiamondMInecraft, DanTDM is another content creator who got most of his fame and fortune by playing video games. He primarily plays Minecraft, but he also tries other games, like Counter-Strike: Global Offensive and Pokemon.
In the category of dedicated Minecraft YouTube channel, he set a Guinness World Record for the most views. Dan also broke the record for the most goals scored by a Rocket League squad of two or three players in a single game.
Dan has acquired a total of 26 million subscribers. With this following, he wrote the book titled Trayaurus and the Enchanted Crystal in 2016. He did a book tour and starred in a YouTube Red series the following year. He has a net worth of nearly $35 million.
5. Ryan’s World – $32 Million
Ryan’s World is one of the most recognized YouTube accounts for children. In this channel, a child named Ryan Kaji reviews toy products, performs DIY science experiments, and completes numerous tasks.
It was previously known as Ryan ToysReview, but it was later renamed to its current moniker as Ryan tried new things. The 10-year-old’s mother had given up her full-time career to work with her son for this channel.
They currently have nine total channels, but they garnered 32 million subscribers on their main account. There’s a Spanish and Japanese version of Ryan’s World. They also sell merch, which is mainly toys and clothing. This gives Ryan a $32 million net worth at a young age.
6. Dude Perfect – $30 Million
Cody Jones, Tyler Toney, Garrett Hilbert, and twins Cory and Coby Cotton make up Dude Perfect. They gained popularity by making trick shot videos. Now, they are also doing other wild challenges and fun video series.
The five members were all roommates in college at Texas A&M University. They started by recording trick shots at Tyler’s ranch. When their videos became viral, ESPN called them and asked to feature them.
Dude Perfect has amassed 57.3 million subscribers. Players from several professional sports leagues have collaborated with them. They also created a mobile game with the same name as their channel. Now, the group has a total of $30 million in net worth.
7. MrBeast – $25 Million
This may come as a surprise to some, but MrBeast is not the wealthiest YouTuber alive. He just likes to make philanthropy and challenge videos in which he gives away thousands, and sometimes millions, of dollars to random people and organizations.
Jimmy began posting on YouTube as MrBeast6000 when he was 13 years old. He started getting mainstream attention in 2017 when he made unique vlogs and rigorous challenges.
MrBeast is now close to getting the Red Diamond Play Button as he racked up 91.8 million subscribers. This fame also helped him launch other ventures such as Finger on the App, MrBeast Burger, Feastables. That’s why it’s not surprising that he has over $25 million in net worth.
8. VanossGaming – $25 Million
Evan Fong, popularly known as VanossGaming, is a Canadian online figure, creative director, gaming commentator, and disc jockey. He showcases most of his talents on his YouTube channel.
He created his YouTube channel around the same time he went to college to study economics. When he began to devote more time to content creation, his parents became concerned. But everything worked out in the end for Fong.
He is regarded as a key character in the expanding video game commentary subculture. This is how he got 25.6 million people to subscribe to his channel. He also makes money as a DJ called Rynx. It eventually gave him an estimated net worth of $25 million.
9. Ninja – $25 Million
Ninja, whose real name is Richard Tyler Blevins, is a professional gamer known for streaming Halo 3, Fortnite, PUBG, and more. Team Liquid, Cloud9, Renegades, and Luminosity Gaming were among the teams he played for.
He never went to a university and started streaming in 2011. He was slowly getting viewers at first. His mainstream media debut came in March 2018, when he streamed Fortnite with Travis Scott, Drake, and JuJu Smith-Schuster.
At the time of writing, Ninja’s subscriber count is hidden, but it’s known that he reached 23.9 million in the past. Apart from YouTube, he has many fans on Twitch, even becoming the most-followed channel on the platform in late 2021. He now has a net worth close to $25 million.
10. Rhett and Link – $24 Million
Rhett James McLaughlin and Charles Lincoln “Link” Neal III are a comedic pair that dubs themselves as the “Internetainers”. They have made several comedy projects together, but perhaps their most successful one is the web series Good Mythical Morning.
The duo met in first grade at a North Carolina elementary school. They went on to share a dorm room at North Carolina State University. They both worked in their respective fields for a period while also creating skits.
Their Rhett and Link channel has 4.99 million subscribers, while Good Mythical Morning has 17.5 million. They run five channels in total. They are also the current owners of another comedy group called Smosh. With this, the two have a combined net worth of $24 million.
11. James Charles – $22 Million
As a creator who thrives in the beauty genre, James Charles Dickinson is known for his makeup tutorials. He has stated that cosmetics is a creative expression and an art form for him.
He got into beauty by assisting a colleague with her makeup for a school dance. He eventually taught himself how to do it alone and began doing it professionally for others. James started his channel while working as a small makeup artist in New York.
James has about 24.2 million subscribers currently. After a tweet displaying his makeup made headlines, he was named CoverGirl’s first male brand ambassador. He’s over $22 million after releasing his own makeup line.
12. Jake Paul – $22 Million
Jake Paul is a vlogger who has turned his focus to celebrity boxing. His YouTube channel is known for its pranks, controversy, and music. He is a part of Team 10, who dropped the song, It’s Everyday Bro, which received mixed reactions from listeners.
He first became known on Vine and then for his role as Dirk Mann on the Disney Channel show Bizaardvark, which he played for two seasons. Paul has been the target of numerous controversies during his career as a result of his actions.
Even with the disputes, Paul has gained 20.4 million subscribers. As of his professional boxing career, he has a 5-0 record. Content creation and boxing made him one of the most prosperous YouTubers today, worth $22 million.
13. KSI – $21 Million
JJ Olatunji, alias KSI, is known for posting hilarious reactions and gaming commentary videos on his YouTube channel. He is also involved in celebrity boxing, and he releases his own music. He is also a member of the British influence group Sidemen.
In 2008, he began publishing gaming videos on YouTube, and most of them were about FIFA. He drew a large number of viewers and quickly increased his material coverage.
The JJ Olatunji channel, where he uploads his vlogs, has 14.8 million subscribers while his music account, KSI, has 23.7. JJ was the first rival of Jake Paul in their amateur boxing career. It ended with a draw, and both turned pro later on. This contributed to KSI’s current net worth of $21 million.
14. Preston Arsement – $20 Million
With multiple gaming channels, Preston Arsement is one of the leading content creators in his category. He mainly plays Minecraft, and he’s a part of The Pack, a Minecraft community he started with his friends. He also makes videos from the Minecraft server he runs.
Like many gaming creators, Preston has been a video game lover since childhood. He eventually decided to skip college and create the TBNRfrags channel with two of his friends, TBNRKenWorth and ChocoTheChocobo.
TBNRfrags has reached 7.53 million subscribers. But later on in Preston’s career, he decided to make a channel of his own. It now has 19.3 million subscribers. Arsement’s online pursuits have earned him a net worth of over $20 million.
15. Like Nastya – $20 Million
Like Nastya is the second children’s channel to make it on this list. The channel stars a little Russian girl named Anastasia Radzinskaya, who often does toy unboxing, reviews, and travel vlogs.
At birth, Anastasia was diagnosed with cerebral palsy. Her parents both worked and owned businesses that they eventually sold. They devoted all of their time to caring for their daughter, eventually making a YouTube channel dedicated to her.
Fortunately, the girl is doing well now, and their efforts have earned them 89.2 million subscribers. They translated their videos into different languages. It helped Anastasia gain a net worth of approximately $20 million at eight years old.
16. David Dobrik – $20 Million
As a long-running social media personality, it’s not a shock to many that David Dobrik is one of the most affluent content creators on the planet. His YouTube channel featured individuals with whom he had previously collaborated on other platforms.
David started out on Vine. Before Vine was shut down, he had over a million followers. Because of this, he was able to shift to YouTube faster than most other influencers.
The Slovakian personality continues to grow with his 18.3 million subscribers. He made a second channel, David Dobrik Too. He uploads challenge videos and blooper clips there. David also has a podcast with Jason Nash. All of this amounts to a net worth of around $20 million.
17. Lilly Singh – $20 Million
Formerly called Superwoman, Lilly Singh is an accomplished comedian and actress. Her YouTube channel is full of skits and crossovers with well-known celebrities.
Singh had planned to obtain a degree as her parents had wanted but instead chose to make YouTube videos. She decided that if her YouTube career did not take off, she would return to grad school. But her YouTube channel exceeded her expectations.
She now has 14.7 million subscribers and has been involved in projects outside of YouTube to improve her wealth. She got the chance to make music, host a talk show, and tour the world. Though she still studied for a degree, she also has a net worth close to $20 million.
18. Logan Paul – $19 Million
Logan is the big brother of Jake Paul. The siblings have a similar career and content, consisting of pranks, challenges, and vlogs. Both of them have been involved in several controversies and have dived into the world of professional boxing.
At ten years old, Logan was already making videos. In 2015, he was the most famous Vine creator. He moved on to act in some television programs and even write a screenplay.
He now has 23.4 million subscribers. Aside from his typical content, he’s a frequent guest at boxing, mixed martial arts, wrestling events. He also hosts a podcast titled Impaulsive that adds a lot to Paul’s $19 million net worth.
19. Blippi – $16 Million
Blippi, also referred to as Stevin John, is a popular children’s entertainer who can be seen on a handful of streaming platforms. He depicts a lively and curious character in his informative videos so that kids can relate to him.
Stevin didn’t start out as Blippi. In fact, he was far from child-friendly in his early days of playing characters. He portrayed Steezy Grossman, a child born as feces.
Switching to a different look is perhaps the best decision he’s made now that he has 15.1 million subscribers on YouTube. He also makes foreign language videos and releases them to various platforms. That’s why Blippi is worth $16 million.
20. Roman Atwood – $14.5 Million
Roman Bernard Atwood was known initially for his prank videos. However, he ultimately transitioned to another content style. He made vlogs, in which he chronicles his daily activities.
While still in high school, Roman Atwood began filming and making videos. He even made The Nerd Herd DVD series. In Columbus, Ohio, he’s also worked on a number of films and commercial gigs.
His original prank channel earned 10.3 million subscribers until he stopped posting there in 2016. Now, he is active on his second channel. Overtook the first one with 15.5 million subscribers, giving Roman Atwood a 14.5 million net worth.
Whether you’re looking for ways to make extra money online or on your PC, or heck — even your cellphone! Stick around, your 2022 is about to get a whole lot better.
1. Leveraging the gig economy
There are tons of websites out on the internet that provide you the opportunity to earn some extra money — using skills that you already possess and equipment you may already own.
I’m talking about the gig economy here. It’s a great way for people to make money and earn a steady and passive income — all in the comfort of your own home. These sites only require that you sign up, with some offering premium subscriptions to boost sales and grant access to features like bidding on more proposals.
Some of these include
Freelancer
Upwork
Fiverr (⭐ my personal favourite)
TaskRabbit
2. Writing
“O Romeo, Romeo, wherefore art thou Romeo?”. Alright, alright, I admit, not all writing is Shakespearian. But you’ll definitely need some strong lingual skills to be able to qualify as a copywriter. Luckily it’s not like in the olden days, using typewriters, amiright?
But seriously though, there’s a chance you’ll make some really good dough (👏 3 claps for the rhyme) writing as a skill.
Here are just some of the ways you’d be able to get some moola typing away on your fancy keyboard or whatever:
to some degree, you’ve probably done some coding before. Coding, programming or developing, as some may call it, would stand the test of time (at least for now) to be one of the most lucrative ways to earn extra money, or even as your main source of income.
There are plenty of resources out there that use low-code/no-code to build you an app or website, and then of course, there are the hardcode coders (like me) that write everything line by line, binary di — okay fine, that last part is definitely over exaggerating a bit.
But on a more serious note, you can make money writing websites, apps, making cloud platforms, or using low code or no code platforms.
Pretty cool, right?
4. Content Creation
The internet has gifted us many platforms that we can leverage to gain unfathomable wealth and extra money out of this world — if we use them correctly. This one’s a bit tougher than the rest, though. It requires a LOT of upfront time investment, unlike some of the other items on this list.
I’m talking about platforms like YouTube, or writing your own blog using Medium. It’s an incredible way to generate an income — both passive and active. YouTube, for one, have birthed many millionaires with the likes of Jake- and Logan Paul, PewDiePie (a.K.A. Felix Kjellberg) in the last decade and a half of it’s existence, and it’s never too late. New YouTubers are always on the rise, making it to the top with high quality content.
5. NFTs and Cryptocurrency
NFTs and Cryptocurrency exchanges have become one of the fastest ways to amass some great deal of money through the owning and selling of digital assets. Binance’s Initial Game Offer promises great rewards for those who invest early and yield the best results.
One game that’s pretty awesome (and that’s had a piece of it’s plot essentially sold for at US$7.2 million! That’s crazy!) is Axie Infinity. It’s downloadable via the Google and Apple stores, and it’s free!
6. Affiliate Marketing
Affiliate marketing is an advertising model in which a company pays others (e.g bloggers) to advertise their products and services and generate sales. Here, I’ll use an example. I write a blog (like this one) and I post a link to an item I’d recommend buying — say, a camera — through Amazon’s Affiliate Program, and if you end up buying said camera, I’d get a portion of the sale as commission!
Here are some high paying programs:
Elementor
AWeber
Sendinblue
ConvertKit
Leadpages
GetResponse
SEMRush
Fiverr
7. Create a blog
Now folks, if you’re an avid writer, or you are just really passionate about a specific thing or niche, then, as an expression, blogging could potentially monetize said passion!
Think of something — anything — and start a blog on that. Heck, you can even start right here on Medium like I did!
8. Try Drop-shipping
And I do mean this in the best way possible — drop shopping is stupidly easy to set up, but would, for some, be quite challenging to keep the ball rolling.
Luckily, Shopify has made it incredibly easy to create and run an online store. Drop-shipping from China’s biggest, like AliExpress and DHGate are quite common. But if you can manage to score a local distributer that’s willing to let you drop ship their product — you’ve got a winner!
9. Set up an Online Course
If you have a skill, and you can articulate said skill, then look no further than online education.
Online education, with the likes of Skillshare, Pluralsight and Coursera have made inroads in the last couple of years, upskilling individuals from courses that YOU can create and earn from.
Social media platform Pinterest (PINS) makes money from advertising. Shares started trading on the New York Stock Exchange on April 18 under the symbol “PINS.”
Founded in 2010, Pinterest went public on on April 18, 2019. Its initial public offering (IPO) price was at $19 per share and it raised $1.4 billion, giving it a valuation of roughly $12.7 billion including restricted stock and options. As of Dec. 3, 2021, the company had a market capitalization of $23.3 billion. Roughly 431 million users, or “pinners,” use the bulletin board-like platform every month to browse and share images and other content in the form of “pins.”
Key Takeaways
Pinterest makes its money via advertising, specifically, promoted pins. These promoted pins are ads that look similar to user-generated pins (posts).
The company has integrated a “buy it” button which permits users to buy pinned products directly from Pinterest, rather than visiting a separate merchant site.
In 2021, the company generated $2.57 billion in revenue but posted a net loss of $316 million.
Opportunities for increasing revenue that Pinterest plans to pursue include greater international expansion, focusing on video and increasing ad capabilities, as well as pursuing its own e-commerce efforts.
Pinterest History
The company, which grew out of an app called Tote that dated from 2008, received $100 million in financing when it was valued at $1.5 billion in 2012. The funding firms included Rakuten, Goldman Sachs (GS), and Andreessen Horowitz. It was valued at $12.3 billion during its last round of funding in 2017. The company has a dual-class structure.
When it was founded, Pinterest seemed to follow the model of social network sites like Meta Inc. (FB), formerly Facebook—meaning that it aimed to develop a massive network of users first and then to install means of generating revenue later on. Pinterest $756 million in revenue in 2018, a jump of 60% from the previous year. The company generated $261 million in revenue during the second quarter of 2019, a 62% year-over-year increase.
“Our advertising products help businesses reach Pinners across their decision-making journey,” said the company, which cited a Talk Shoppe survey that said 68% of weekly active users discovered a new brand or product on Pinterest.
“We address various advertiser objectives through our Promoted Pin ad format, which contains either a single image, a carousel of images or video. Our ability to develop new and improve existing advertising products will be an important driver of our future growth.”
So just how has Pinterest come to be one of the most-hyped social media companies among investors and what is a promoted pin?
Monetizing Pins on Pinterest
Before looking at more traditional means of generating revenue, it’s worth looking at how Pinterest has utilized its unique pin system to create opportunities for monetization. The company has integrated a “buy it” button which permits users to buy pinned products directly from Pinterest, rather than visiting a separate merchant site.
Merchants participating in BigCommerce, Shopify, or Salesforce Commerce Cloud are allowed the opportunity to partner with Pinterest; it’s unclear whether Pinterest charges any commissions from these partners.
Promoted Pinterest Pins
Pinterest’s primary source of revenue is what it calls “promoted pins.” These special pins are effectively advertisements, paid for by identified sponsors. As with Facebook’s timeline feature, promoted pins look very similar to (but not exactly the same as) standard pins. Pinterest utilizes user data to target advertisements based on user interests and searches, as well as other demographics. Given that users pin items that they are interested in already, this process is relatively straightforward for the company.
Pinterest’s revenue is driven by interest and use of its platform, which is increasingly popular among fashion and beauty brands. Given that the users of Pinterest are overwhelmingly female and have above-average incomes, using its platform as an e-commerce gateway is more than ideal.
Next Steps
Pinterest’s user base has grown over the years, where it’s carved out a niche that allows it to not directly compete with the likes of Facebook. Pinterest’s leadership has adopted a much less aggressive approach to growth than its competitors. Revenue has grown since the company has gone public, but so has its net loss, as the company has ramped up spending on sales and marketing and research and development.
One big future opportunity is being able to tap the international markets, where Pinterest currently has little reach. Beyond that, Pinterest is interested in building out its e-commerce efforts (what exactly that looks like remains to be seen), as well as continuing to develop advertising tools— including video capabilities—for advertisers.
Facebook’s power as an advertising platform is well-established at this point, and with good reason. While Facebook’s penchant for collecting personal data on its users is a point of contention in the world of privacy, that data collection allows Facebook to offer incredibly targeted advertising.
Being able to direct your ads with pinpoint accuracy is an incredibly appealing prospect for advertisers because, ultimately, paying to show an ad to someone who has no interest in the subject matter is just a waste of money.
In other parts of Facebook, Groups has emerged as one of the leading platforms for community building and discussion. While sites like Reddit are still popular, the accessibility and ubiquitousness of Facebook have made it the go-to place for creating new communities.
But can you put ads on them?
There are a few ways to approach advertising on Facebook groups, but for just above every way you can think of asking this question, the answer is yes; you can put ads on Facebook groups.
Of course, we’re going to dive into this subject with a bit more attention to detail, so if you’d like to know more, keep reading!
What Are Facebook Groups?
Let’s start from the beginning. If you’re not familiar with Facebook groups, you could be missing out on a valuable promotional tool, or even just a useful social tool.
Groups give users a way to break off their Facebook experience into managed portions, as well as interact with like-minded people outside of your immediate social circle. For most users, Facebook comprises largely of real-world contacts—friends, colleagues, and family members—with the wider world being something they prefer to keep separate from their Facebook feed.
Unfortunately, this rather excludes users from using the power of Facebook to find people interested in their favourite TV show, movie, book, boxer, or anything else you can think of.
Enter Facebook groups.
Groups allow Facebook users to interact with other users who have a common interest without the need to “friend” them, meaning they can still keep their private Facebook lives private.
Groups can have varying degrees of exclusivity, from open groups that anyone can join to groups where members have to be accepted, and even invite-only groups. Groups can also have different levels of visibility also, such as groups that anyone can view irrespective of whether membership is open, to groups that can only be viewed by members.
Why Advertise On Facebook Groups?
If you know anything about advertising, you will already be able to see the potential of Facebook groups for advertising. These are essentially collections of users who have clustered together around a common interest. They are also engaged users, meaning they are making the effort to visit the group rather than being a passive audience that is being shown things they might not be interested in.
If you, as an advertiser, have something to advertise that meshes with a particular Facebook group’s subject matter, you are pretty much guaranteed an audience that fits the correct demographic for what you’re advertising.
Advertising on Facebook Groups
So, we’ve established what Facebook groups are and why you might want to advertise on them, but how do you go about it? There are two primary ways to advertise within a Facebook feed, be it a group or the regular feed, and they are regular posts that happen to be promotional or Facebook ads.
Facebook Ads
Facebook Ads gives you a good deal of control over where your ads will eventually show up, and that includes Facebook groups feed placement. Unfortunately, Facebook Ads does not presently offer a way of targeting a specific Facebook group with your ads, so you can’t just say, “only show my ads in X group!”. What you can do is ensure that Facebook groups placement is selected, and then tailor your target audience to match that of the audience in your desired group.
It’s far from a perfect solution, of course, but using the official Facebook Ads platform will give you far more in the way of performance metrics than any other method you might try.
These kinds of ads will show up with a tag stating that they are sponsored, and users will have the ability to tell Facebook they’re not interested and don’t want to see the ad again, so it pays to put as much thought and research into your desired target audience as possible.
So you can certainly use Facebook Ads to advertise to Facebook groups, but you will not have the ability to target specific groups or get guarantees on where your ads will ultimately turn up. This should be an issue if you do a good job with your targeting parameters.
Advertise in the Group Feed
Another option is to post your promotional content in the group as you would a regular post, but beware, there will often be restrictions on this kind of post. For one thing, many groups explicitly prohibit ads and other promotional content from being posted under any circumstances. In these groups, you could try contacting the admins as they may be prepared to make exceptions in some cases, but you can guarantee that posting an ad in such a group without explicit permission will result in the ad being deleted and probably you being banned from the group.
Other groups may allow ads but will likely have rules regarding what can be posted, and may also require you to get permission from the admins before posting.
In any case, it’s best to join the group you are considering posting an ad in and actively participating for a while before attempting to post any ads. Members of the group will be more receptive to an ad from someone who is actively participating in the community than someone who has just joined and started posting promotional content out of the blue. It will also help you to get a real feel for the type of group it is, which in turn will help you more accurately judge if the group is the best place for your ads.
Other Uses for Facebook Groups
If, after reading that, you have landed at the conclusion that Facebook groups aren’t necessarily the best home for your ads, that doesn’t mean you should abandon groups altogether as a promotional tool.
If you have a skill or expertise that you have built a service or business around, you can still use groups to drive traffic where you need it to be, even if ads are not allowed in the group in question. By finding a relevant group and actively participating, sharing your knowledge and helping people out, you will gain a reputation within that group that can be directly parlayed to customers or clients. If the members of the group come to know you as someone with the expertise they need, they are more likely to come looking for your products or services outside of Facebook.
If you take this approach, it is important to make sure your Facebook page is full of useful information, such as links to any necessary websites. You should also keep it up to date in terms of posts. If you run a YouTube channel, make sure the latest videos get posted there. If you write a blog, link the latest posts. If someone from a Facebook group you are part of decides to come looking for your products or services, they will nearly always head to your profile first. You want to make sure they find what they’re looking for when they get there.
Facebook Groups as Promotional Tools
So far we’ve been mainly concerned with using existing groups for promotional purposes, but you can also start your own group with promotional reasons in mind.
Like any attempt to use social media as a promotional tool, you will need to offer people something inherently valuable. Starting a group and just posting ads and links to your other content might work if you already have a large following, but for someone with a more modest fanbase, it will be an uphill battle getting people to join a group that it’s just full of ads.
Much like the above advice to participate in the group and establish yourself as an authority, starting a group around the subject matter you want to promote and actively helping people can lead to members searching you out.
Final Thoughts
As with almost all strategies for using social media to promote things, advertising and promoting through Facebook groups needs a careful approach. Always strive to remain relevant—posting ads in a group that isn’t interested in the subject matter will just be a waste of your time and/or money.
Beyond that, don’t expect to get traction just because you’ve posted something. If you are joining a group to promote things, be sure to participate in that group first and establish relationships with the members and build a reputation first. Then, when you do promote things, it will not feel disingenuous and exploitive to the people you are promoting to.
Gaming is big business these days, whether you are a game developer with a cool idea, a programmer on the bleeding edge of technology, or a streamer growing your following on Twitch, there is plenty of money to be made within the realm of gaming.
But is any of that money on Facebook?
The quick answer is yes, you can make money on Facebook gaming, and this is true for both gamers and developers. Of course, if you’ve clicked on an article with this headline, you’ll naturally want to know more about it. Don’t worry, we have you covered.
Facebook and Gaming
Though it’s not necessarily one of the more well-known aspects of Facebook, the platform actually has a long history with gaming, stretching right back to the early days of poking and throwing sheep at users.
Yes, throwing sheep on Facebook was a thing.
These days, Facebook games are a little more sophisticated, ranging from quizzes to perennial favourites like Farmville, and even games of the kind of quality that would once have been a standalone release.
Of course, making games is not your only avenue. Gaming streams are very popular these days, and Facebook provides the means to post and live stream video content. These two approaches naturally have very different implications for how you can make money, but the money is certainly there to be made.
That being said, there are many important keys to success online, and two of them are;
Write what you know
Know your audience
We are going to be guided by both in this post. Firstly, we’re not game developers. Secondly, the typical audience for this blog is far more likely to want to read advice on monetising gaming streams than games themselves. For that reason, the rest of this post will be primarily concerned with Facebookers who are playing games, rather than making them.
Playing Games on Facebook
The first thing to make clear about Facebook in regards to gaming is that the platform is not designed for this. Unlike Twitch, which is practically built with gaming in mind, or YouTube, which was built for something else but lends itself well to gaming content, Facebook was built with very different goals in mind.
What this means is that you shouldn’t expect much help from Facebook itself in your quest to make money gaming.
There are ways to make money gaming on Facebook, of course—there are almost always ways to make money these days. We’re going to go over some of these ways very soon, but the point we’re trying to get across is that you will, for the most part, have to find ways to monetise your content that Facebook perhaps hadn’t intended when they set out.
But before we get into how you get paid, let’s start with how you game.
How to Game on Facebook
Gaming content is, of course, mostly video-based. Facebook has a few options for you when it comes to getting video content out there, and any of them can be pressed into service as a gaming medium.
The first way you can get video content out on Facebook is, simply, by linking it. Whether it’s on Twitch, YouTube, Vimeo, or anywhere else, you can always create a post linking out to your content so that your Facebook audience is aware of it. Of course, this doesn’t present you with any way to monetise that content through Facebook, but in this case, Facebook is really just acting as a promotional platform. Any monetisation you have in effect elsewhere for the content you are linking should still be in effect.
If we’re keeping things on Facebook, however, there are two main options for monetising gaming content; posting videos and Facebook Live.
Posting videos is simple enough; you create a new post, attach your video, and away you go. As long as you make sure it is public, you can promote your Facebook video just like you would with videos on other platforms. Alternatively, going Live is more akin to streaming on Twitch. You will need to have a little technical knowledge with live streams to get your game onto Facebook Live, but there is plenty of help out there for you. Indeed, Facebook even has resources of their own to help you out.
Monetising Facebook Gaming Content
We won’t go into how to monetise content on other platforms that you are linking to from Facebook because, well, we’ve done that in other posts and videos. So, for the purposes of this post, we’re going to stick with Facebook’s built-in methods of monetisation.
Stars
For those of you who are familiar with Twitch—perhaps you’ve dabbled or perhaps you are established there and looking to branch out—Facebook’s stars are essentially the same as bits on Twitch.
These are only available for Facebook Live streams. Viewers can gift stars to the streamer who will get one cent per star received. Facebook users can buy stars in bundles, the price (at the time of writing) is around double what the streamers get per star, meaning Facebook users are paying roughly two cents per star. Viewers can gift as many stars as they want, but by default, they are presented with a selection of preset amounts, such as 50, 200, 1,000, and more.
In-Stream Ads
In-stream ads are a far more traditional form of monetising video content. These ads can be played before, during, or after the video, with a percentage of the revenue being shared with the creator. In the case of Facebook Live, mid-roll ads (ads that are played part-way throught the video) will take over the main view, but the live stream itself will still be playing in a smaller floating window for the duration of the ad. This way, the viewers are served ads with minimum possible disruption.
Of course, like other platforms, it is not as simple as clicking a button to get ads on your video content—you have to meet the criteria set out by Facebook (or as of very recently, Meta).
The first and most obvious criteria is being compliant with Facebook’s Partner Monetisation Policies. These things change regularly, so always worth have a read through before signing up to anything, but at the time of writing, there is nothing out of the ordinary in these policies. Things like residing in an eligible country, adhering to community standards, sharing content you have the rights to, and so on.
After that, the criteria gets a little more straightforward and clearcut. You must have at least 10,000 followers, for one thing. Another hurdle to jump is the fact that you must have at least 600,000 watch minutes over the last 60 days. These watch minutes are counted across all on-demand, live, and previously live videos, but does not count crossposted content or boosted/paid watch time. And, finally, your page must have at least five active videos. Again, these can be live, previously live, or on-demand, but not crossposted or boosted videos.
If you don’t meet all of these criteria, it’s not the end of the world. As we said above, there’s always other ways to monetise your Facebook content.
Speculative Side Note
You might have noticed earlier that we made a passing reference to “Meta”. Meta is something of a rebranding for Facebook (the company, not the website), and a large part of that seems to be their intention to make big waves in the virtual reality world.
Granted, Facebook has already made big waves in the virtual reality world with their release of the Oculus Quest 2, a game-changer in terms of what you get for your money, but they have even bigger plans.
The reason we bring this up is that VR is already a rapidly growing market in the gaming content space, and it looks set to keep growing in the near future. At the same time, Facebook (or, rather Meta) look poised to be one of the major players in this space. So, if you are a gamer looking to make money through Facebook and you’re not already experimenting with the possibilities of virtual reality, it may be something you want to look into. It’s not quite getting in on the ground floor, but it’s something.
Final Thoughts
Facebook’s requirements for showing ads on your gaming content may seem a little steep at first glance, but they are not your only option. With a dedicated audience (which, remember, is not necessarily the same as a large audience), you can easily make a decent amount of money through Facebook’s stars. Failing that, you can always monetise your content elsewhere, such as using a Patreon, or selling merchandise. Even just using YouTube as a traffic funnel to get viewers to your Twitch or YouTube page can be an effective strategy.
As always, however, the trick is to stick with it, and don’t be discouraged if the money isn’t pouring in after the first few months. These things take time.
Whether you are just heavily interested in a particular subject and would like to find like-minded individuals to socialise with, or you are looking to build a community for promotional reasons, Facebook groups are an excellent tool in your arsenal. Still, as useful as Facebook groups can be, they have to have members—often lots of them—to achieve that potential.
There are several ways to grow a Facebook group, and, fortunately, the majority of those ways have nothing to do with spending any money. In this post, we’re going to take a deeper dive into what Facebook groups are, why they might be useful to you, and what you can do to ensure the success of your group or a group you are part of.
What is a Facebook Group?
A Facebook group is essentially a place for people with a common interest to get together and discuss that interest, much like any other internet forum. The interest in question can be anything that doesn’t break Facebook’s rules and guidelines, and anyone can set up a group.
The reason Facebook groups are so popular is, ultimately, down to the popularity of Facebook. With billions of people already on the platform and familiar with how it works, it is often far easier to set up a new Facebook group and get new members interested in joining than it is to build a community on places like Reddit, even as popular as Reddit is.
Group admins have the ability to set the rules of their Facebook group, removing members if they don’t follow them. They can also have the group be public, private, visible to all but only members are allowed to participate, invite-only, and more.
All standard Facebook rules apply within groups, so doing or saying anything that breaks Facebook’s terms of service can still get you in trouble, even if the admins of a group allow it.
Are Facebook Groups Worth It?
The natural question you should be having at this stage is; are “Facebook groups worth the effort?” The answer very much depends on what you are trying to achieve, but we’re going to hazard a guess that, yes, they are worth it if you are reading this page.
Firstly, if you are just looking for a community to talk about something you are interested in, Facebook groups will certainly be able to give you that. That being said, there is a strong chance that a group already exists, and you might want to consider joining one rather than making one. We’ll get into whether you should start a group a little later on.
If you are looking to Facebook groups as a tool for promotion, it is certainly worth it, but you will have to put the time and effort in to make things work. Like most things in life and online promotion, there’s no quick fix to reaching your goals.
Things to Consider Before Starting a Facebook Group
It’s all well and good concluding that a Facebook group can get you what you’re looking for, but that doesn’t automatically mean you should make one. Running a successful Facebook group is not without effort, and even if you’re willing and able to put in the effort, there’s still no guarantee of success.
Before we look at how to grow your Facebook group, let’s take a moment to ponder whether you should be starting or running a group at all. And, remember, this is independent of whether a Facebook group could be good for you in terms of goals. A Facebook group might be an amazing tool for promotion, but if you don’t have the time and willingness needed to make it work, it won’t help you.
Do I Have a Good Subject Matter for a Facebook Group?
This is especially important if you are planning to use your Facebook group as a promotional tool. If you just want to create a community to talk about something you’re interested in, it doesn’t matter what that interest is, because your only goal is to find people to talk to about it. If you are promoting something, however, your subject matter needs to be relevant but still interesting enough to foster genuine discussion.
For example, if you are promoting a YouTube channel about technology, such as new gadgets, that subject may be too broad to create a successful Facebook group around. Remember, the beauty of these groups is the ability to find people with the same specific interests as you, not general interests. But, if you zero in too far and create your group around, say, a specific type of technology, like mobile phones, you run the risk of people in the group not being interested in your general technology YouTube channel.
Do I Have the Time to Run a Facebook Group?
Running a successful Facebook group, whether for personal or promotional reasons, takes time. This is especially true in the early days of the group, where you will need to get out and about to garner interest and draw attention to the group. As things progress, the group will need less and less of your time to keep ticking over, but you will need to be actively working to get to that stage.
And, if promotion is your goal, this applies even more to you. If you just want to talk, you can always get the group started and then dip in and out as you please. If you want to promote things, you’ll need to keep your hand in constantly, or the members of the group will stop seeing you as someone of interest.
What Rules Should My Facebook Group Have?
There are two types of rules to consider; Facebook enforceable rules, and arbitrary rules. Facebook enforceable rules are things that Facebook provides a mechanism for, such as having the group be private and invite-only. Arbitrary rules can be literally anything you want, but you have to enforce them yourself, such as by kicking people from the group.
The best rules will vary from group to group. The only advice we can really give here is to be as unrestrictive as you can within the scope of your group. For example, it wouldn’t be wise to allow misogynist language in a group for survivors of domestic abuse. On the other hand, it would be unwise to ban adult language in a group about alternative comedy.
How to Grow Facebook Group
So, you’ve decided you want to start a group and you have the time and willingness to do so. How do you make it grow?
Have Compelling Reason to Join
The first thing you need to do is make sure your potential members have a compelling reason to join your group. The most effective way of achieving this is by offering something they can’t find elsewhere.
Of course, if you have a topic that there is no other group for, that would be the ideal situation… but it’s an unlikely one. There are a lot of groups on Facebook. If you haven’t got a unique subject matter, have a good look at the competition, and see if there is anything you can offer that they can’t. This could be more relaxed (or stricter) rules, or even just your expertise if the subject matter is something you are particularly knowledgeable about.
Leverage Your Existing Audience (if you have one)
If you already have an audience—perhaps you run a YouTube channel or blog—be sure to promote your Facebook group to them. This may seem counter-intuitive if the main reason for creating the group is to promote the thing your audience knows you for, but having a larger number of members gives your group more legitimacy in the eyes of newcomers.
We’re not suggesting paying for fake members, of course. That rarely works. Bought users will not engage, and a large group with no activity often looks less appealing than a small group with no activity.
Branch Out to New Audiences
Obviously, you will want to stay within the subject matter, but when letting people know about your group, don’t limit yourself to things like your own audience from other places. Reach out to other communities and try to find new people.
Always be sure to be respectful when you do this, however. Just barging into a subreddit or a YouTuber’s comment section and spamming about your group is unlikely to win anyone over.
Encourage Members to Promote the Group
Once you have members, encourage them to let others know about the group. Don’t just tell them to go get more members, of course, they’re not your employees. Just politely mention it from time to time, and be sure to emphasise the fact that everyone benefits from more members, as there will be more discussion.
Final Thoughts
Whether you want to talk about your favourite series of novels or promote your YouTube channel about miniature castle building, Facebook groups are a powerful tool to achieve your goals. And, what’s more, it’s free! All it takes is a little time and effort on your part to build an active community.
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