How to Make Money on social media (2023)

How To Make Money On Social Media

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Social media is a platform that has always been free to use. However, it is now possible to make money on social media as well. The key is to know what your audience wants and how they want you to interact with them.

Social media can be an effective way of generating leads for businesses and brands. It can also be used by marketers to engage with their customers in real time.

In this guide, I’ll be sharing useful tips and methods for anyone in Nigeria to turn their social media channels into money-making machines.

1. Use social media to Promote your Business/Products/services

Social media can be a great tool for businesses. It is a platform that allows you to reach out to your target market and communicate with them.

You may have a business idea and want to sell it on social media. However, you might not know how to go about this. The first step is to set up your social media page and start building your following.

Next, create content that is relevant and of value to your followers. You can do this by asking for feedback from the audience or by simply posting interesting content about things that are happening around you. It is also important to have a call-to-action for people who are interested in what you’re selling so they can get more information or buy it right away.

Companies that have a viable product or service to sell can do that on social media. They can use it as a marketing tool to increase their brand awareness and generate sales.

2. Become a Social Media Manager

Becoming a social media manager is a challenging task. It requires you to be creative, have excellent communication skills, and have the ability to take criticism.

As an aspiring social media manager and I think the best way to start is by getting involved in social media yourself. You can start by learning how to make money on social media through advertising, selling your skills, or learning how to create content for your platform.

As the demand for social media managers grows, so do the salaries. This means that aspiring social media managers need to be skilled in both their technical knowledge and their people skills.

The first step to becoming a Social Media Manager is to gain relevant experience in how social media marketing works. You can also build your own social media marketing strategy with the help of prominent marketing tools such Buffer, Hootsuite, Sumo, Canva, and more.

At this point, you should have a good understanding of how Ui/Ux design works. You should also have a good understanding of copywriting and how it can be applied to different platforms.

3. Start a Wholesale and Retail Business

Social media has become the most effective way to sell products without having to spend a lot of money on advertising. However, it is important to know that you can’t just start a business (without careful planning and strategy) on social media and expect it to work.

Social media is the new marketing channel for businesses and brands alike. It’s also a great way for people who are looking to start their own business without spending a lot of money on advertising. But before you jump into the deep end, there are some things you should consider first.

To make money retailing and wholesaling online, you need to build two networks; one with potential suppliers, and two with prospective buyers who are willing to buy your products. You can use social media for these two strategies, this way you don’t need much capital to invest in buying products.

Once you have a network of suppliers, you can start creating your social media channels and getting ready for marketing your products, set up Instagram, Facebook Page, and Marketplace profile, and start posting on Twitter. This will help you gain more followers as well as establish a presence on the social media platform.

It is also important to invest in social media advertising campaigns that are targeted toward your audience in order to get more sales from them, to do this you can build a proper landing page and run PPC ads on Facebook and Instagram for instant sales.

4. Become a Social Media Influencer

Social Media Influencers are people who have a large following on social media and due to this, they have sometimes attained celebrities or public figures due to their popularity in the internet domain.

There are many ways to make money as a Social Media Influencer. Some of these include:

  • Influencing big brands in exchange for product discounts, free products, etc.
  • Earning from sponsored posts on your social media platforms.
  • Getting paid to promote products or services through affiliate links

To be successful as a social media influencer, you must find a unique niche that goes well with your interest, personality, and skill set. Next, you want to choose your main platform, define your audience and create an effective content calendar.

Also, you need to strategically grow your fan base you can do this by collaborating with other influencers, but the major idea is to sell yourself fantastically with great content. The better and the more engaging your content is, the more followers you amass from time to time.

5. Use Social media to promote your blog or YouTube Channel

Social media has become an important tool for content creators to spread the word about their work. It is a great way to get your blog found by people who are interested in your niche. The power of social media lies in its reach, and the ability to connect with people around the world.

The key to success on social media is understanding what it takes for a post or article to go viral online, posting intriguing and shocking content will go a long way to making your blog go viral in a short period of time. You should also create a working relationship with other bloggers on social media and make sure to consistently share your content across social media channels often.

It is important to have a strategy in place before you start using social media. You should know what your goals are and be able to measure the success of your campaign.

The internet is filled with opportunities for content creators, and social media is one of them. It can be used as a platform to promote your work or drive traffic to your website or youtube channel.

6. Affiliate Marketing

Affiliate marketing is no doubt one of the most profitable online business models that allow marketers to earn commissions by promoting products or services. It is a great opportunity for individuals to monetize their social media accounts.

Affiliate marketing is one of the best ways to make money on social media and in Nigeria, it has been gaining momentum. You can make money on social media and present some affiliate marketing companies in Nigeria that you can work with. Top paying Affiliate marketing opportunities in Nigeria are Travelstart, Jumia, Konga, Wakanow, Cowrywise, Piggyvest, PayPorte, Amazon, Bluehost, Hostgator, Canva, and more.

To be successful as an Affiliate Marketer, you need to create a website or blog, this will help you consolidate your leads, also you must be able to create solid and well-researched content.

If you can always approach your audience as someone who provides valuable information rather than sell, you will make a decent income from your engaged visitors and followers.


Which social media is best for making money?

Facebook, Instagram, Twitter, and TikTok are the top social media platforms for making money in Nigeria. The idea of social media is to connect with people and build relationships with them. If you have a product or service for sale, you should be able to market it through social media channels such as Instagram, Facebook, Facebook marketplace, Twitter, Instagram, etc.

How much does Instagram Pay Influencers in Nigeria?

How much you earn as an Instagram Influencer in Nigeria depends on your active followership and popularity, top Nigerian celebrities such as Davido, Yemi Alade, Funke Akindele, Tiwa Savage charge as high as $80K to $200K for a sponsored post on their Page.

Which social media is most used in Nigeria?

According to Statista, WhatsApp, Facebook Messenger, Instagram, and Facebook are the most used social media platforms in Nigeria as of the 3rd quarter of 2021. In 2023, there's a surge in the number of users on TikTok and Twitter in Nigeria.

What can I sell to Make Money on social media in Nigeria?

From clothes to furniture, to phones, bedding, and food can be sold on social media. There are people who make money daily on social media and you can do it too, by making each day an opportunity to share great ideas, and offers with your prospects, grow your fans on your social media channels and introduce your products and services to them.

How many followers do you need to get paid on Facebook?

Facebook page or group monetization requires up to a thousand followers to monetize the group or page.

How do influencers make money in Nigeria?

The most popular ways for influencers to make money in Nigeria are through sponsored ads, endorsements, collaborations, and consulting.

How can I earn money by clicking Like on Facebook in Nigeria?

There's no known platform in Nigeria that pay you to click like on Facebook in Nigeria. However, you can look at micro job sites for such offers.


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