In this age of social networking, several simple social networking sites like facebook, Google+ and twitter have now turned into multi-billion dollar industries through connecting billions of people across the globe. I'm sure most of you have often wondered that how do social networking sites make money and weather it is possible for you to make money by using a social networking site.
How Do Social Networking Sites Make Money?
The answer is simple, advertising and subscription fees. While most social networking sites are free for general use, they often display several advertisements and sponsored links that would pay the website a portion on every click. Sites like facebook have also employed tactics like limited visibility, where a user must pay the website to advertise his/her post to a wider media as only a limited number of users can view your updates and posts. Most social networks are created with an intention of making money through advertisements and fees or simply get enough number of users so it can be sold to a larger company.
Is There A Way How I Can Earn Money Through Social Networking?
There’s good news for people as there are several social media websites that encourage their users to generate money by adding as many people as they can to their network and generating content like blogs and pictures. The blogs and pictures can be promoted by creating advertisements that would attract more and more people to your profile and increasing the numbers of followers and fans. Several popular social networking websites like Facebook, Twitter, Pinterest and LinkedIn etc. can be used to make money. Here’s how different social networking sites can be used to make money.
Founded in 2004, by Mark Zuckerberg, Facebook is the world’s most popular social networking website that generates nearly 1.5 billion US dollars’ worth revenue each year. Creating a paid advertisement to promote your pages and your posts, developing apps, making brand pages for third parties and direct selling on pages etc. are the few ways through which you can earn from Facebook.
Found in 2006, Twitter is often described as the ‘SMS of the Internet’, and was founded by few of the members of US based podcasting company Oedo. The posts are famously referred to as ‘Tweets’ and the network are used by billions of users including the most prominent of all world personalities. Creation of sponsored tweets, with links to several pay-per-click advertisements created by publishers like Ad.ly, MyLikes and Rev Twt etc. is a popular way to earn money through Twitter.
Founded in 2002, LinkedIn became the progenitor of the terms ‘Business Networking’ and ‘Professional Networking’. LinkedIn is a social networking site that caters primarily to the different individuals and companies across the world. Again, creation of advertisements on LinkedIn is one of the best ways to earn money. As the website caters to people who are associated with a business or a specific profession, the advertisements get more response and can generate a larger amount of money for you.
Although not a true social networking site, Pinterest is a sort of visual discovery platform that allows the users to share their photos and visual bookmarks. On Pinterest, users share a collection of photographs, articles and other digital media via their boards, and can be re posted and shared by the millions of registered users on the website. The best way to earn money on Pinterest is by using it along Amazon.com. The people who are directed to your boards can be redirected to Amazon.com and you can earn through the pay-per-click method.
With the idea of generating income through user-generated content and advertisements, FanBox represents the next level of social networking. The Site is currently in its early experimental stages and user discretion is advised. FanBox offers a layout which is similar to facebook and instead of using it for simply connecting with people. The users can create blogs, share them across the various people in their network and create pay-per-click ads to earn money that is shown as a part of their ‘FanBox Earnings’. The money can be cashed out by connecting the FanBox account with your credit card or PayPal account.
With the growth in technology and the rising unemployment, it is necessary for us to devise more and more ways to earn money. Fortunately for us, internet has made earning money easy and possible from our very homes. The abovementioned ways are the most popular ways of making easy and legal earnings through simple social networking and other computer skills and their rise in popularity could possibly thwart the problems of unemployment in the near future.