Whether you’re marketing a product or yourself online, these strategies can harness the power of social media to make money.
Whether you’re starting out in business, building a side hustle or expanding an already successful business, you can leverage the power of social media.
Becoming an influencer in your own right isn’t difficult. You can build a strong presence, and use “influencer marketing” strategies to cash in on the ever-growing number of people spending more and more time (and money) on social media, when you follow these three steps.
1 Decision
You’ve got to decide what it is that you want to sell online – be it a physical product or even yourself as an influencer.
There are two main things to be aware of in the decision-making phase.
The first is to find something that you want to sell and that you know is needed. If it’s something you’re also passionate about, that is even better! And if it’s “Brand You” you want to sell (in other words, you become an influencer), then social media is the way to go.
Once you have made that decision, it’s important to then choose the specific audience you want to sell this to.
If, for example, you have seen the rise in the popularity of soy candles and you know there is a market for them, you would then double down on the next steps, making soy candles the hero of all of your social media efforts.
You could share the life of a soy candle from concept to production to retail to the home. You may have decided that the people who buy these candles are women who love to decorate their home and have it well scented at all times. They love the fact that the candles are made of soy wax and don’t contain even a hint of petroleum.
This story is from the May 2019 edition of Money Magazine Australia.
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This story is from the May 2019 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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