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Which Social Media Platform Pays the Most in 2024? 5 Options Compared

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Which Social Media Platform Pays the Most in 2024? 5 Options Compared

Influencers want to make the most of their efforts to earn money online. They may be active on multiple social media platforms without knowing what financially moves the needle forward. Each platform has its own payout system, but which social media platform pays the most?

Don’t focus your content creation efforts on something that won’t earn you a solid return on investment. You don’t need viral content to earn money on social media. Here’s what you need to know to get paid on the top social media platforms.

Let’s get started.

If you want to make more money, you must create engaging content for your audience. Beyond that, you need to seek out the right social media platforms. But the question is: what social media platforms pay the most?

TikTok

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According to a survey by Epidemic Sound, the platform that generates the most revenue for the average content creator is actually a relative newcomer: TikTok. They found that TikTok presents a wonderful opportunity for people to earn more, especially at lower income levels.

You might be surprised at just how much you can earn creating short videos for TikTok. Remember that high-quality videos require a serious time investment, with filming and editing requiring hours of your valuable time. When you factor in how much time you spend, you may be surprised at how little you make.

However, the average TikTok influencer makes $121,675.

That being said, the number is skewed because of the extremely high-income earners (some of whom bring in seven figures from their work). It’s more common for creators to earn $15,000 or less per year.

TikTok Creator Fund and Pay Per 1,000 Views

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All of this begs the question: how does the social media platform hand out money? It all starts with TikTok’s Creator Fund. This fund was designed to pay creators for engaging content starting in 2021 with an initial investment of $200 million.

While they aren’t exactly straightforward about how much you’ll get paid for your posts, the average is about $0.02 to $0.04 per 1,000 views.

Minimum Followers and Views to Qualify

If you want to tap into the TikTok Creator Fund, you must first meet their criteria starting with your account.

Eligible accounts must be Pro accounts with a minimum of 10,000 followers. If that seems like a lot, it’s because it is. It will require you to create lots of content and start putting yourself out there.

Additionally, you’ll need at least 100,000 views in the last 30 days.

Merch

Some people don’t want to completely rely on the algorithm to put money in their bank account. And so, creating merch is a way to have greater control over your revenue and generate more money. You can open a TikTok store to sell branded merch that takes your brand out of the computer and into the real world.

Consider using print-on-demand companies to lower your initial investment and only order what sells.


YouTube

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While most people are making money on TikTok, YouTube might be a better place for people wanting to become higher-income earners. This social media platform generates a decent income for someone considering doing it full-time.

According to Zip Recruiter, the average annual salary for a YouTuber is $68,714.

If your channel truly explodes, you could stand to earn significantly more. With one million subscribers, it’s estimated that you could earn just over $900,000 annually. Getting to that many followers will take a while, but it’s a great goal to strive for.

YouTube Partner Program and Payment Per Ad View

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The YouTube Partner Program is the best option for those who want to make money creating content. It isn’t easy for beginners to reach the threshold where they can share in YouTube’s ad revenue, but it can be quite lucrative when you do hit it.

The criteria for access to YPP are:

  • 1,000 subscribers
  • 4,000 public watch hours in the last 12 months OR
  • 10M valid Shorts views

Once you start to share in their ad revenue, most people find that they earn roughly $0.01 to $0.03 per view, according to Hoot Suite.

Channel Memberships

Once you qualify for the YouTube Partner Program, you can also start channel memberships. This allows people to buy into your network in exchange for premium perks like extra content. Under the umbrella of this content, you can offer several tiers for your followers to opt into, so earnings aren’t straightforward.

However, YouTube takes a 30 percent cut of the funds.


Facebook

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Does it surprise you to learn that Facebook isn’t the social media platform that pays the most?

Despite its status as a giant for social connection, it doesn’t have the same earning power and potential as TikTok and YouTube.

Zip Recruiter puts the average salary for Facebook creators at $80,932 but most people earn less than this pie-in-the-sky amount.

As a content creator, Facebook doesn’t necessarily pay you simply for putting content out there.

Most people earn more here via affiliate marketing and brand partnerships (which we’ll look at in a minute). However, some people can make a solid dent in their living costs based on video views, which was a new addition to the social media platform in 2023.

Video Views & Average Rates Per 1,000 Views

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How much can you earn from video views on Facebook? It all concerns the ads on your videos, which can vary depending on your niche and location. However, most people see between $1 and $7 per 1,000 views of their video.

Keep in mind that seasonality also impacts your earnings potential. The holiday season often comes with higher ad spending, which means you’ll likely earn more money. Be consistent with content creation year-round so you can be prepared for these more active times of the year.

Brand Partnerships and Deals

If you’re wondering which social media platform pays the most, you might want to consider this unique revenue stream generated on Facebook. You can work directly with brands to advertise their goods and services, creating content that engages your existing audience.

It’s hard to identify exactly how much you’ll earn here because it depends on what you’re advertising, your number of followers, and the type of content you create (a post vs. a video, for example).

On average, influencers tend to charge right around $600 for sponsored posts.


Instagram

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Next up on our list of which social media platform pays the most is Instagram. If you can create content via videos and photos, this is one of the biggest social media platforms that pay on the market today. It’s estimated that people earn about $17 per hour or $34,624 per year.

Instagram allows you to earn money in several key ways: in-stream ads on IGTV videos, sponsored posts, and badges are all options. It’s a flexible way to earn money and diversify your income streams all in one convenient social media app.

Be sure to check out our article on how to make money on Instagram without followers here.

Ads Revenue on Videos Instead of Views of Photos

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Once you start creating content on some of these popular social media platforms, you may get faster at its creation. Churning out high-quality videos regularly will boost your follower count and prime you for increased ad revenue.

Like most other platforms here, this top social media platform doesn’t have its rates set in stone. It varies depending on number of followers, type of content, time of the year, geographic region, and other complex factors.

That said, most current social media superstars earn about $0.01 to $0.05 per view.

Sponsored Posts Boost Instagram Income

Much like sponsored content on Facebook, Meta (the parent company including Instagram and Facebook) also allows you to create the same sponsored posts on Instagram. You can create exclusive content for a brand deal that pays based on the number of followers you have.

Worried that you might not make anything as a micro-influencer? Fear not! Even smaller accounts can make some money on sponsored videos and posts. With 500 to 10,000 followers, you might earn roughly $10 to $100 per post.

Once you clear this initial hurdle, accounts with 10,000 followers or more can earn approximately $500 per post.

Badges

Unlike other social media platforms, Instagram allows creators to give their audience recognition for supporting them by buying badges. When you go live on Instagram, your audience can purchase badges for $0.99, $1.99, and $4.99.

In turn, they get to have the telltale hearts next to their name on your livestream, letting everyone know that they supported your content creation.

The best part is that you earn the entire amount of your badges purchased, minus any applicable taxes and fees.


Twitter/X

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Last but not least, Twitter (X) is worth mentioning among the best social media platforms for content creators to earn. And while their monetization program isn’t as robust as the others, you can still tap into their Twitter Tip Jar feature to earn some money from your short posts.

But because the platform’s payment system is still relatively new, there isn’t much data out there to tell you how much you could earn. But if you have a solid following, you should find a way to monetize content via X instead of letting that hard work of building a following go to waste.

Twitter Tip Jar Feature

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Which social media platform pays the most? While X doesn’t come in at the top of the list, it does have an interesting way of paying content creators. You can enable the Twitter Tip Jar feature that allows your followers to financially support you via a tip.

It may not be the most reliable way to earn a living as a content creator, but it’s great if Twitter is your social media platform of choice.

Sponsored Posts

Of course, you can also earn money from sponsored posts. Whether they want video creators or simply short and sweet tweets like X is known for, companies are willing to pay for those who have a great (and engaged) following.

A sponsored tweet usually earns somewhere in the ballpark of $0.50 to $1.50 per 1,000 followers.

So, which social media platform pays the most?

The answer may depend on the content you’re interested in producing, ranging from video content to high-quality images to sponsored tweets. While TikTok and its Creator Fund are some of the most popular ways to earn money, other platforms might be worth a second look.

Remember that choosing one doesn’t have to be mutually exclusive to joining others. If you have the time to spare, you can create content for several platforms, expanding your opportunities to earn money for your efforts.

Where will you double down on your efforts to monetize your social media following?



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12 Proven Methods to Make Money Blogging in 2024

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Make money blogging

 

Make money bloggingThis is a contributed article.

The world of blogging continues to thrive in 2024, offering a compelling avenue for creative minds to share their knowledge, build an audience, and even turn their passion into profit. Whether you’re a seasoned blogger or just starting, there are numerous effective strategies to monetize your blog and achieve financial success. Here, we delve into 12 proven methods to make money blogging in 2024:

1. Embrace Niche Expertise:

Standing out in the vast blogosphere requires focus. Carving a niche allows you to cater to a specific audience with targeted content. This not only builds a loyal following but also positions you as an authority in your chosen field. Whether it’s gardening techniques, travel hacking tips, or the intricacies of cryptocurrency, delve deep into a subject you’re passionate and knowledgeable about. Targeted audiences are more receptive to monetization efforts, making them ideal for success.

2. Content is King (and Queen):

High-quality content remains the cornerstone of any successful blog. In 2024, readers crave informative, engaging, and well-written content that solves their problems, answers their questions, or entertains them. Invest time in crafting valuable blog posts, articles, or videos that resonate with your target audience.

  • Focus on evergreen content: Create content that remains relevant for a long time, attracting consistent traffic and boosting your earning potential.
  • Incorporate multimedia: Spice up your content with captivating images, infographics, or even videos to enhance reader engagement and improve SEO.
  • Maintain consistency: Develop a regular publishing schedule to build anticipation and keep your audience coming back for more.

3. The Power of SEO:

Search Engine Optimization (SEO) ensures your blog ranks high in search engine results for relevant keywords. This increases organic traffic, the lifeblood of any monetization strategy.

  • Keyword research: Use keyword research tools to identify terms your target audience searches for. Strategically incorporate these keywords into your content naturally.
  • Technical SEO: Optimize your blog’s loading speed, mobile responsiveness, and overall technical aspects to improve search engine ranking.
  • Backlink building: Encourage other websites to link back to your content, boosting your blog’s authority in the eyes of search engines.

4. Monetization Magic: Affiliate Marketing

Affiliate marketing allows you to earn commissions by promoting other companies’ products or services. When a reader clicks on your affiliate link and makes a purchase, you get a commission.

  • Choose relevant affiliates: Promote products or services that align with your niche and resonate with your audience.
  • Transparency is key: Disclose your affiliate relationships clearly to your readers and build trust.
  • Integrate strategically: Don’t just bombard readers with links. Weave affiliate promotions naturally into your content, highlighting the value proposition.

5. Display Advertising: A Classic Approach

Display advertising involves placing banner ads, text ads, or other visual elements on your blog. When a reader clicks on an ad, you earn revenue.

  • Choose reputable ad networks: Partner with established ad networks that offer competitive rates and relevant ads for your audience.
  • Strategic ad placement: Place ads thoughtfully, avoiding an overwhelming experience for readers.
  • Track your performance: Monitor ad clicks and conversions to measure the effectiveness of your ad placements and optimize for better results.

6. Offer Premium Content:

Providing exclusive, in-depth content behind a paywall can generate additional income. This could be premium blog posts, ebooks, online courses, or webinars.

  • Deliver exceptional value: Ensure your premium content offers significant value that justifies the price tag.
  • Multiple pricing options: Consider offering tiered subscription plans to cater to different audience needs and budgets.
  • Promote effectively: Highlight the benefits of your premium content and encourage readers to subscribe.

7. Coaching and Consulting:

Leverage your expertise by offering coaching or consulting services related to your niche. Readers who find your content valuable may be interested in personalized guidance.

  • Position yourself as an expert: Showcase your qualifications, experience, and client testimonials to build trust and establish your credibility.
  • Offer free consultations: Provide a limited free consultation to potential clients, allowing them to experience your expertise firsthand.
  • Develop clear packages: Outline different coaching or consulting packages with varying time commitments and pricing structures.

8. The Power of Community: Online Events and Webinars

Host online events or webinars related to your niche. These events offer valuable content while also providing an opportunity to promote other monetization avenues.

  • Interactive and engaging: Structure your online events to be interactive with polls, Q&A sessions, or live chats. Click here to learn more about image marketing with Q&A sessions and live chats.

9. Embrace the Power of Email Marketing:

Building an email list allows you to foster stronger relationships with your audience and promote your content and offerings directly.

  • Offer valuable incentives: Encourage readers to subscribe by offering exclusive content, discounts, or early access to new products.
  • Segmentation is key: Segment your email list based on reader interests to send targeted campaigns that resonate more effectively.
  • Regular communication: Maintain consistent communication with your subscribers through engaging newsletters or updates.

10. Sell Your Own Products:

Take your expertise to the next level by creating and selling your own products. This could be physical merchandise, digital downloads, or even printables related to your niche.

  • Identify audience needs: Develop products that address the specific needs and desires of your target audience.
  • High-quality offerings: Invest in creating high-quality products that offer exceptional value and user experience.
  • Utilize multiple platforms: Sell your products through your blog, online marketplaces, or even social media platforms.

11. Sponsorships and Brand Collaborations:

Partner with brands or businesses relevant to your niche for sponsored content or collaborations. This can be a lucrative way to leverage your audience and generate income.

  • Maintain editorial control: While working with sponsors, ensure you retain editorial control to maintain your blog’s authenticity and audience trust.
  • Disclosures are essential: Clearly disclose sponsored content to readers, upholding transparency and ethical practices.
  • Align with your niche: Partner with brands that complement your content and resonate with your audience.

12. Freelancing and Paid Writing Opportunities:

Your blog can serve as a springboard for freelance writing opportunities. Showcase your writing skills and expertise through your blog content, attracting potential clients.

  • Target relevant publications: Identify online publications, websites, or magazines related to your niche and pitch your writing services.
  • High-quality samples: Include high-quality blog posts from your site as writing samples when pitching to potential clients.
  • Develop strong writing skills: Continuously hone your writing skills and stay updated on current trends in your niche to deliver exceptional work.

Conclusion:

Building a successful blog that generates income requires dedication, strategic planning, and high-quality content. In today’s digital age, there are numerous opportunities to make money online through blogging. By utilizing a combination of methods such as affiliate marketing, sponsored content, and selling digital products or services, you can leverage your blog’s potential and achieve financial success.

Remember, consistency in posting, engaging with your audience, and staying adaptable to trends are key to thriving in the ever-evolving blogosphere. Embrace new strategies, refine your approaches, and always keep your readers at the forefront of your content creation journey. With dedication and the right approach, your blog has the potential to become a valuable source of income and a platform for sharing your knowledge and passion with the world, making money online while doing what you love.

Image Credit: DepositPhotos



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This Toxic Money Habit Could Derail Your Financial Planning

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This Toxic Money Habit Could Derail Your Financial Planning

Many Americans believe social media offers an inaccurate picture of wealth and success; 57% of social media users say that people post to appear more successful, and 51% of users say that social media depicts “unrealistic lifestyles,” according to a 2023 Bankrate survey.

Even so, many of them can’t help but get caught up in the cycle of comparison. Between 2022 and 2023, U.S. adults spent $71 billion on “impulse buys” they were influenced to make by social media, per Bankrate’s data — a fact that backs up an increase in “money dysmorphia.”

Related: These 5 Money Secrets Can Turn Healthy Relationships Toxic, Financial Therapist Warns

The rest of this article is locked.

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How to Get Beat Out Your Competition by Making a Lasting Impression

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How to Get Beat Out Your Competition by Making a Lasting Impression

Opinions expressed by Entrepreneur contributors are their own.

I’m in the public relations space, and as of last count, there are more than 48,000 other PR firms in the United States. A large fraction of these compete with my agency in the five hub cities where I operate. Yet mine consistently ranks among the highest in those cities — Nashville, for example.

Is it because I know my industry better than my competitors? Because I land more placements for my clients? Because my team is more talented or my network of connections more expansive? As much as I’d like to think that I’m running with the front of the pack based solely on the quality of my services and the effectiveness of my methodologies, it’s far more likely that I earn rave reviews and generate referrals from my clients due to two words: personalized attention.

More specifically, my team and I go well above and beyond to create an exceptional customer experience at my firm because I’ve learned over the years of running my own business that it’s the client’s impression of you that matters most — that’s what informs all other aspects of customer relations, drives all other client decisions and determines if they’ll stay with you or not (even more so than short-term results).

Even in the digital age we all inhabit, with so many automated tasks and productivity tools that populate our workplaces, personalizing the professional is a surefire means to client retention and satisfaction. Here are five practices I regularly follow to make the most positive impression on my clients I possibly can.

1. Get a copy of your client’s org chart

When you understand the structure of your client’s business, you understand who does what, who reports to whom, and, in turn, you know who to go to for what. Not only is this an immense time-saver — as in not filling people’s inboxes unnecessarily with work that doesn’t pertain to them — but your clients will also appreciate that you did your homework on their staffing.

It’s so much more impressive to send a note that says, “Would your team like to see this before we send it up to Jeremy?” or “I believe Bettina has the final sign-off here” than “Are you the right person to contact about this?” And note the use of actual names here — learning the first names of everyone you’ll be working with moves you into first place faster than you’d think!

Related: 4 Ways to Make the Best First Impression With Your Customers

2. Use proper grammar and punctuation

Make sure that all your communications to your client — and, far more importantly, all the communications you prepare on their behalf — are written properly. Yes, it takes some extra work to eliminate errors. Still, it’s absolutely worth the effort when you consider how much just one typo can mar an entire project (ever seen “pubic” instead of “public”?) and how poorly faulty grammar can reflect on quality output, education level and attracting the intended audience.

Though it may be true that language standards are slipping in America, that doesn’t mean nobody’s noticing the shoddy quality of copy. Some people still notice and care. If your client is one of them, you’ll earn bonus points by knowing the difference between “compliment” and “complement” by not allowing both “San Antonio Riverwalk” and “San Antonio River Walk” in the same publication. Use your grammar checker. Always do a spell-check. Re-read everything you produce. And if you don’t have a language maven on staff to serve as your in-house proofreader, hire an affordable freelancer who can provide quick turnaround times.

3. Choose video over audio

Whenever possible, schedule video calls and videoconference meetings over phone calls and phone meetings. The day and age of in-person meetings is quickly becoming obsolete. Still, there will never be a replacement for face-to-face interaction, eye contact, observing facial expressions and showing your client with every head nod and eyebrow raise that you’re following what they’re saying and closely attending to your conversation.

During the pandemic, cultivating one-on-one relationships over Zoom and Teams became the new norm, and most people are entirely fine leaving it that way! Interacting over a screen instead of a conference table is just more convenient, time-effective and environmentally friendly. Nevertheless, we can’t afford to lose the “one-on-one interaction” part of business relationships. Remember the old Bell advertising slogan? Well, video is the modern-day equivalent of “the next best thing to being there,” so leverage your camera as often as possible to “see” your clients, not just talk to them.

4. Mark your calendar!

Notate birthdays, business anniversaries, baby due dates. Keep a record of your client’s big meetings and conference attendance. On those days, send a person-to-person text or email. And the more specific, the better, such as “Hope your coffee product presentation in Jersey went well and the traffic wasn’t too bad on the Parkway!” Or “Congrats on baby Elliot. That was my grandfather’s name, and I hope it serves your brand-new son as well as it did him.”

By incorporating the personal into the professional, which is a pillar of my own approach at my company, clients value your role more because you’ve actively endeavored to become part of their lives, not just an appendage of their business. In other words, when you add personal touches to your communications and conversations, your clients can’t help but think of you on a more human level rather than just a professional contact with whom they can easily cut ties.

Related: 6 Strategies for Making a Good First Impression During Business Meetings

5. Observe the line between personal and professional, but use both — often

On a related but separate note: As much as I’m saying to weave personal connections into your daily dealings with your clients, you never, ever want to go too far. You can use humor, but not off-color humor. You can show vulnerability, but you don’t want to appear weak or indecisive. You can ask questions and admit what you don’t know, but be strategic (not lazy) about trying to resolve issues yourself before coming to your clients with them. And be yourself, absolutely always be genuinely yourself, but don’t expose so much that you cross the line into overintimacy or inappropriate divulgence.

By speckling your client interactions with individual touches as you simultaneously maintain proper decorum, you will put a personal face on your business name. And that name will leave more of a mark on your customers precisely because of your adept balancing act between the personal and the professional.

Part of making a meaningful impression on your clients is consciously putting your best face forward every day, in every way. Don’t let them see a messy office behind you on Zoom, but let them vent about their kid’s tonsillitis for 10 minutes if needed. Don’t bad-mouth other clients or finger-point when things go wrong, but get to know them well enough that you’d love to grab a drink next time you’re in town.

Take every opportunity you can to show your clients — and then remind them often — that “business as usual” to you means being prepared (as in learning an org chart), producing quality output (that’s been proofed), scheduling face-to-face encounters, observing special occasions in their lives and sharing your authentic self, who happens to be a multifaceted, wonderful human being with flaws who’s also an utter professional and a real pro at what you do!

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