A unique way to create revenue in collaboration with a brand is to co-create a physical product, collection or range. We see this type of influencer monetization across every niche, from fashion capsule collections and co-branded beauty products to food, fitness, travel and health products. A great example of this is makeup artist and beauty YouTuber Jaclyn Hill’s collaboration with cosmetics brand Becca.  
Before social media,[64] admissions officials in the United States used SAT and other standardized test scores, extra-curricular activities, letters of recommendation, and high school report cards to determine whether to accept or deny an applicant. In the 2010s, while colleges and universities still use these traditional methods to evaluate applicants, these institutions are increasingly accessing applicants' social media profiles to learn about their character and activities. According to Kaplan, Inc, a corporation that provides higher education preparation, in 2012 27% of admissions officers used Google to learn more about an applicant, with 26% checking Facebook.[65] Students whose social media pages include offensive jokes or photos, racist or homophobic comments, photos depicting the applicant engaging in illegal drug use or drunkenness, and so on, may be screened out from admission processes.
Someone who knows a thing or two about building an audience, strategic partnerships, and making a living off of being authentic and niched online is Michell C. Clark, social entrepreneur and cultural curator. Clark’s entrepreneurial journey began eight years ago online. And now with an audience of over 75,000 people, including major brands, he helps business owners and entrepreneurs transform their social media presence to help them achieve their professional goals.
Snapchat is an image messaging application software product that was created by Reggie Brown, Evan Spiegel and Bobby Murphy when they were students at Stanford University. The app was officially released in September 2011, and within a short span of time they have grown immensely registering an average of 100 million daily active users as of May 2015. More than 18 percent of all social media users use Snapchat.
On the same note, influencers can monetize personal blogs and websites to collaborate and create branded content. Blogs are great because they are in-depth and allow influencers to share more detailed information with their community than is possible over social media, such as detailed product reviews. Not only does blogging help influencers make money from their creative, content writing, photography and distribution platforms, it also benefits brands with click-through links that take consumers directly to products and services, getting them closer to a conversion than a social media post.
Someone who knows a thing or two about building an audience, strategic partnerships, and making a living off of being authentic and niched online is Michell C. Clark, social entrepreneur and cultural curator. Clark’s entrepreneurial journey began eight years ago online. And now with an audience of over 75,000 people, including major brands, he helps business owners and entrepreneurs transform their social media presence to help them achieve their professional goals.

Now as a coach, he works with clients to come up with plans to help them reach their goals. “I think a great thing that I am able to do with my coaching is talk to my clients about not the specific plan that is going to work for them but a plan they believe in enough to execute to the best of their abilities. So, we’re not focused on the social media trends. We’re digging deeper and we’re talking about things that will drive them individually,” says Clark.
According to the Pew Research Center, a majority of Americans at least occasionally receive news from social media. [123] Because of algorithms on social media which filter and display news content which are likely to match their users’ political preferences, a potential impact of receiving news from social media includes an increase in political polarization due to selective exposure. [124] Political polarization refers to when an individual's stance on a topic is more likely to be strictly defined by their identification with a specific political party or ideology than on other factors. Selective exposure occurs when an individual favors information which supports their beliefs and avoids information which conflicts with their beliefs. A study by Hayat and Samuel-Azran conducted during the 2016 U.S. presidential election observed an “echo chamber” effect of selective exposure among 27,811 Twitter users following the content of cable news shows. [124] The Twitter users observed in the study were found to have little interaction with users and content whose beliefs were different from their own, possibly heightening polarization effects. [124]
Lifehack reported that the Amazon Affiliate program is an easy way to make some extra cash. If you sign up for the program you will be eligible to promote Amazon products on your social pages, via promotional links. You'll receive payment if any of your subscribers click on the links and make a purchase. Again, this strategy is more likely to make you money if you have a large and loyal following.

With so many social networks out there I wonder if adding profiles to all of them would increase site traffic. We have a website that helps network marketers to increase downline growth at mlmrc.com and we’re constantly trying to figure out new ways to build traffic. My guess though is that these large social networks already get most of the social noise. So would the smaller one’s even be worth taking the time to create profiles on or not? If anyones knows let me know. Thanks.
Some of the most successful SEOs and public relations professionals earn their notoriety, at least in part, from the relationships they are able to build. They're also good at what they do, of course, but great relationships bolster their already solid effort. The relationships you build with your customers lead to advocacy and loyalty, traits that can support your brand during both the good and the bad times, representing an investment that will remain strong on nearly any platform and under nearly any circumstances.
Hi Maina, I have checked the social sites recommended by you. May be itis important to update on your article that Delicious no longer accepts bookmarks as it is now bought by Pinboard. Most of these social sites are being bought off and may discontinue their programs. May be you can even dedicate a new post for that. Otherwise, great piece of work there.
Another way influencers can make money from digital products is to co-create content with brands, either by selling advertising and editorial space to them, or by being commissioned specifically to create content. An example of this strategy in action is Gritty Pretty, a beauty website and digital magazine founded and edited by Australian beauty editor Eleanor Pendleton. Eleanor created Gritty Pretty to share and monetize her beauty tips, knowledge, recommendations and experience with her audience, and works with brands to create sponsored content, editorial and ads to ultimately fund the magazine and support her team.
Your videos will need to reach a certain number of people before you can earn more ad income (so you probably won’t get rich quick with YouTube ads), but it could be a nice additional stream of income that could potentially become passive. Once you have a popular video and place ads in it, you can leave that video up and earn money regularly as long as people continue to view it.
They certainly overlap, which is why it gets confusing. For example, you can share media with your social network to gather likes and comments — a form of social networking. But you can also just upvote a link on Reddit, which is a social media platform, to help out the community and give your say in the matter without any intention of building relationships with other users. 
Thanks Mike for your comment. I don’t trust Facebook either. There’s been many times where I have seen ads come up on FB of subjects that I’ve been talking about offline. Its happened on more than one occasion which is a bit scary if you ask me. Although I do think FB has had its best days and will gradually fall in user numbers as new and innovative platforms come to market over the next 5 years.
Many home party plans now offer consultants the opportunity to earn a living without ever holding an in-home show. Social media tools and virtual party technology like scheduling apps and graphics creation are widely available (as are the tutorials for figuring out how to use them). And almost every company today offers their reps a replicated website for selling and sharing online.
There has been rapid growth in the number of US patent applications that cover new technologies related to social media, and the number of them that are published has been growing rapidly over the past five years. There are now over 2000 published patent applications.[39] As many as 7000 applications may be currently on file including those that haven't been published yet. Only slightly over 100 of these applications have issued as patents, however, largely due to the multi-year backlog in examination of business method patents, patents which outline and claim new methods of doing business.[40]
×