An innovative way of monetizing your social media profiles
Social Media is a media for socially interacting with the public using various communication techniques. Social media profiles are web pages of social networking sites, where people gather for communication on the basis of friendship, common interests, dislikes, exchange of ideas, etc. This social structure considers social relationships as network theory i.e., a concept of nodes is generated here.
These days it is a trend to spend time on social media sites connecting and chatting with our friends and family members. Majority of our valuable time is spent over such activities. Have you ever thought of monetizing the time that you spend on different social networking sites??
There are number of popular social networking sites like Facebook, Twitter, Myspace, etc. You can create your own profile in these social networking sites describing about yourself, your likes and dislikes, add friends to your list, adding videos, pictures, chat, etc. In fact, there are different methods to earn some decent bucks via these sites. This makes the time you spend more fruitful.
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Sponsored posting is one such method, in which branded companies like Fastrack, Puma, Titan, etc use to advertise their business. They offer a certain amount for posting their advertisements onto your profile wall. Advertisements may be regarding any new product launch or some new offers.
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Affiliate marketing is another monetizing technique where other publishers or websites have an option to promote your eCommerce business. Affiliate means referral or indirect relationship, i.e., in this method every time a sale takes place, then a certain percent of the sale is credited to the source due to which this particular sale is generated. This is set by the website owner itself. In these social communities you also have an option to affiliate links i.e., you can refer a particular website link to your friend list and if at all any transaction takes place you will be credited a certain amount.
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You can also set up an online store, where you can add your favorite products for sale. Certain eCommerce websites give you this option to create your online store. As said earlier if any sale takes place then you will be rewarded. Also you can refer the same to your friends and so even they can have a store of their own.
Hence, monetizing your social media profile requires proper social e-Commerce planning and execution. Once you have a strong social media profile you will not find any difficulty in making the most from social commerce. A strong social media profile cannot be achieved overnight and it may take some dedicated time and effort to get some quality networks. Social media commerce is not all about setting up a social store and throwing it to your network. For this you must use smart tactics.
Questions and Answers
Social commerce is the use of social networking media as a platform for sale and purchase of products. It can also be inferred that social commerce is the integration of social network with e-commerce for business purposes.
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