Whether you’re just getting started in online marketing or want to turn your social media profiles into moneymaking machines, get ready to make 2012 the year you start rolling in the green with these powerful secrets!
Secret #1: Monetize Your Social Media Profiles
Whether you’ve dabbled in it or you’re a die-hard fan of it, affiliate marketing is one of the best ways social media marketers can make multiple streams of passive income.
Fortunately, it’s easier than ever to start building up these streams of income – simply run promotion campaigns on your social media account for an affiliate. I’ve seen plenty of social media marketers who’ve offered special promotions for affiliates, and have made a bundle in commissions as a result of just a single Facebook status update or tweet.
However, keep in mind that you don’t want to run these promotions too often – after all, your social media account is for networking, not advertising!
Secret #2: Offer a Free Report on Your Social Media Site
As an online marketer, you already know that offering a free report on a squeeze page is a great way to build up your list and, as a result, take your sales to the next level. So why should your social media account be any different?
Write up a brief ten to fifteen page report on a relevant industry topic, then offer it to your fans or followers in exchange for their email addresses. Your list will expand and grow – and you’ll be making more cash as a result.
Secret #3: Offer Fan or Follower-Only Discounts
If you want to make more cash from your social media accounts, offer your fans or followers exclusive discounts on your products and/or services. To really up the ante on this discount, offer it for a limited time only – as a result, your fans and followers will feel special and you’ll see a massive surge in your sales numbers.
Be sure to tell them to share your offer or discount with other colleagues, fans and followers.
Secret #4: Connect with Other Industry Leaders
If you want to make more money from your social media account, it pays to connect with other industry leaders. Why is this, you might ask? Simple: because strong business relationships can lead to bigger prospect lists, more opportunities for affiliate deals and the chance to develop rewarding financial partnerships.
You never know what opportunities will abound when you make a connection via your social media accounts – so don’t be afraid to reach out to the big league people in your industry.
Secret #5: Regularly Comment on Relevant Industry News
While offering free reports and limited-time promotions will lead to short-term boosts to your sales, one of the best ways to guarantee long-term cash flow is to regularly comment on relevant industry news.
So what’s the connection? Simple: the more insightful and thought-provoking comments you make on what’s happening in the industry, the more your fans and followers will regard you as an expert in your field. It goes without saying that the bigger your expertise, the more people will follow you – and that directly results in increased sales as a result of your expertise.
When it comes down to it, your social media accounts offer you plenty of opportunities to increase your prospect list, enhance your brand and, as a result, make more cash. So if you’re not putting these expert tips to good use yet, now has never been a better time to do so!
Let me know your thoughts and comments on this topic. Was it helpful, will it motivate you to look at other ways to increase your income sources or do you have other ideas and suggestions you can share?