Social Media Opens Up Opportunities To Make Money

Technology always provides pro’s and cons.  Many times jobs are lost or replaced with new automation technology. But technology also provides a host of opportunity, especially in the Internet Marketing space. Many online money making avenues are overly saturated with people trying get ‘a piece of the pie’ if you will. So  many savvy marketers are exploring new ways  to monetize online.

Make Money With Social Media

Social media’s the new buzz word. While we know social media to be Facebook, Twitter, YouTube, etc., you may not have known social media is increasingly being used as resource for increasing a companies bottom line. Many companies have gone ‘social’, connecting with the consumer on the consumer level. This translates  to more customer  interaction, brand recognition, brand-centric conversations, good will and thus higher conversions. And many companies are creating their own social media niches:

Welcome To Zopa Zopa is a social lending organization where members can borrow or lend money from other members. You can borrow money from other members by joining the community and becoming a member. The overhead cost is low, so money is borrowed at a lower interest than the market interest rates Later, after you repay the money, you can start lending money to others when you have a surplus and make money out of the interest you get.

There is huge growth in the Mobile Marketing arena. WeReward is a mobile, location-based app that pays consumers for checking into places they go to everyday. But, business don’t pay unless they have a paying consumer. Businesses make a sale and the consumer get’s a reward that he can turn into cash via PayPal.

Another happening social media activity is crowdsourcing.  The ideas of different people are brainstormed to create a new product. There are crowdsourcing websites like 99designs.com that invite people to design t-shirts and logos for various products. If you’re good at designing, this is definitely worth a try because all winning entries are paid well.

The social media landscape is an exciting field that will continue to evolve.  Evolve with it.  You can become more social and monetize…