Most of us use social media platforms for entertainment and gathering news online. But do you need to know which social media platform is best for making money? This article will show you the best social media platform to make money!
Whenever you log into your social media, you see hundreds of influencers going viral daily and making a ton of money. If you are wondering how to make money from social media, you are in the right place.
We all use social media for various reasons, and if you can use these platforms to stream an income source, it’s even better!
But given the numerous sites, where should you start posting for the most tremendous benefits? Which social media platform would be the best for making money? This article lists the top 6 social media platforms that are best for making money.
Which Social Media Platform Is Best for Making Money
The social media platforms we are going to cover are:
- YouTube
- Snapchat
- TikTok
Below, we will share everything you need to know about the platform. Without any further ado, let’s see what each has to offer.
1) Instagram
After Facebook, YouTube, and WhatsApp, Instagram is the fourth most-used social media site worldwide. Instagram is a popular platform for influencers and major corporations to advertise and generate revenue through paid promotions.
You can make some serious money if you have a large enough following.
In fact, according to Lickd’s Social Salary calculator, content creators with about 5000 followers can make $350 on average per post.
Depending on how well-known the account is, you can earn $4,000+ per post if you have over 100,000 followers!
It can sound daunting to have this many followers without a full-proof plan. However, you can boost your online presence significantly by assigning your social media handles to a reliable online marketing agency for the best results.
In 2021, Mark Zuckerberg said in a conference aimed at content creators: “Our goal is to be the best platform for creators like you to make a living.
And if you have an idea that you want to share with the world, you should be able to create it and get it out there quickly and simply — across Facebook and Instagram — and then earn money for your work.”
Check Out Instagram
2) YouTube
The most established (and lucrative) venue for content creators is YouTube. You can promote your talent through YouTube and market your products if you have a business.
The standard YouTube monetization strategy pays creators every time users engage by uploading video content. The amount of money a channel makes depends on its subscriber base and the number of videos viewed.
The hub for creators on YouTube is the Partner Program. All you need to start your monetization process is:
- Comply with the YouTube monetization policies
- Reside in a region where YouTube monetization is accessible
- Have an active AdSense account
- Have over 1000 subscribers
- Not have any strikes on Community Guidelines
- Have over 4,000 watch hours throughout the last year
After being approved for the Partner Program, creators can start channel memberships, which allow subscribers to pay a monthly price in exchange for access to badges, live chat, and other premium content.
A new tool called YouTube Shorts, an excellent way for new channels without many subscribers to earn from their channel, is available to content creators in the program. Simply upload and start earning; this feature has no precise requirements.
Check Out YouTube
3) Snapchat
For each video uploaded to Snapchat, content creators can receive a payment of almost $1 million each day!
At the end of 2020, Snapchat introduced Spotlight, its newest feature, to its 249 million daily users. Content producers can use Spotlight to share their most engaging videos with the search results page and Snapchat’s Spotlight if they match Snapchat’s requirements.
Check Out Snapchat
4) Pinterest
Pinterest is the most suitable platform to increase sales if you have an online business.
Most platform users who create content and sell products utilize Product Pins. Users of the Pinterest app can look up an item’s cost and availability and, if they decide to purchase it, are then taken to the creator’s website.
Additionally, Pinterest has revealed its Creator Rewards program, which rewards users for creating unique idea pins.
To cash out from Pinterest, you should have the following:
- Create a Pinterest Business Account, and of course, the app downloaded on your phone
- Must be at least 18 years old
- Live in the United States
- Make at least three idea pins
- Have a minimum of 1000 followers
Check Out Pinterest
5) Facebook
In this era, we all have a Facebook account. With over 2.9 billion active users, it is the biggest social media platform.
To be eligible to make money from Facebook, you must ensure that you adhere to Facebook Community Standards, Partner Monetization Policies, and Content Monetization Policies. Once you’re all set, there are different ways you can earn through Facebook.
- In-stream ads
- Paid subscriptions
- Brand collaborations
- Earn directly from fans through organic and original content
- Hosting online events and lives
- Call to Action to drive customers to your website
Check Out Facebook
6) TikTok
According to a survey of 281 entrepreneurs by NextAdvisor, TikTok is currently the most powerful social media channel for increasing viewership and revenue.
When asked which network has the most possibility for budding entrepreneurs in 2022, TikTok received a 29.2% response rate. Instagram ranked third with 17.4% of respondents, followed by LinkedIn in second place with 24.9% of the vote.
TikTok, the newest player on the block, is a viral powerhouse adored for its capacity to present a more genuine, relatable side of companies and organizations.
According to data gathered by a cloud-based web hosting firm, Cloudflare, the site has evolved from its beginnings as a lip-syncing software and recently surpassed Google to be the #1 most-visited website in the world.
There are three options for content producers to monetize their videos to make money:
- TikTok’s Creator Fund: You can join this fund if you have had 100,000 views on your channel over the last month. Unique, exciting content is rewarded, and creators can split the $300 million awarded to the fund over the next three years
- Merch: Creators can design and sell things straight via their TikTok channel
- Sponsored Content: Channels with enough followers may collaborate with businesses to help promote the cause with paid advertising and sponsorships and earn from it
Check Out TikTok
Conclusion
Social media is a fantastic option if you want to make money online. More platforms are available to produce material, expand your following, and earn money.
Consider choosing the platform that best fits your goals, including your target audience, content type, and market opportunity, if you’re a content creator seeking social media sites that pay the most.
The obvious choice for image monetization is Instagram, but Snapchat, YouTube, LinkedIn, TikTok, and Pinterest also reward their content creators. You only need determination, a smartphone with a good camera, and an internet connection!
We hope you have found this article helpful and enjoyed reading more about which social media platform is best for making money. If you did, please consider sharing this post with your friends.
You can check out our blog archive for more related articles.