While you may believe Snapchat is something your children use or another passing teen trend, in truth it can be a lucrative money-making option for people of all ages with little labor and minimal competition…at least for now.
Because the majority of companies and businesses have yet to fully leverage Snapchat’s potential, pillspluspills.com will walk you through how to earn money on Snapchat now and stay ahead of the competition.
Whether it’s for you, your business, or your children, there are numerous ways to earn a consistent income from all that time spent on social media, and Snapchat is no exception: as the fastest growing social media platform (so quickly that it’s now publicly traded and reported $2.5 billion in revenue last year), Snapchat also presents an excellent opportunity for future growth.
HOW IS SNAPCHAT USED?
Snapchat, founded in 2011 by Evan Spiegel, is unique in that it is a time-limited social media platform. That is, Snapchat is a platform that enables you to send snaps’ – images or brief videos of up to ten seconds – to your friends or contacts or to broadcast them publicly in stories, but the snaps expire and are no longer visible to your followers.
HOW MUCH MONEY CAN I EARN VIA SNAPCHAT?
As is the case with any company venture, this is situational. While huge brands and influencers with massive social media followings might earn millions, any user can increase their revenue by several thousand with consistent and smart Snapchat use.
HOW TO GENERATE PROFITS FROM SNAPCHAT?
ADS FOR SNAPCHAT
Snapchat Ads can be an excellent approach to promote your brand or a particular product or service to millions of consumers worldwide. Snap Ads, Snapchat’s advertising platform, is viewed by between 500,000 and 1 million users daily, making it an excellent option for growing your business or brand’s profile.
It allows you to create ads and launch campaigns, though you will need to direct traffic to an external page (your company website or online store, for example) where they can complete a purchase.
Utilizing a money-processing tool such as Snapcash will help you streamline all of your payments, turn your social media time into an online marketplace, and increase your revenue via Snapchat.
DISPOSE OF YOUR SNAPS
If you are or know an influencer with a sizable following (if not, ask your children! ), some companies will pay you to promote their items to your followers. Many businesses are on the hunt for influencers who can drive considerable traffic and attention to their products and offers for sponsored content and ongoing collaborations are prevalent among those with huge followings. For larger brands and businesses, a single Snapchat story might earn thousands of dollars.
Additionally, if you are a business owner, this is an excellent method of marketing your products or services. While social media titans with massive followings can charge tens of thousands, if not hundreds of thousands, of dollars, costs for influencers with a smaller following can be considerably more affordable, so look around to find an influencer who appeals to your specialized target market and budget.
Snapchat is massive and rapidly increasing. With 280 million daily users (or, more precisely, 280 million prospective consumers) in the first quarter of 2021 alone, the platform is especially popular with young people, who make over 5 billion snaps and 18 billion video views daily.
Over half (53 percent, according to Statistica) of social media users between the ages of 15 and 25 use Snapchat, with the app being used by an astounding 70% of US youths. Indeed, Snapchat is the most popular social media network among American teenagers, drawing more daily users than both Instagram and Tik Tok.
Obviously, this means that any money-making strategies suggested by MoneyMagpie will be targeted at this tech-savvy audience. You may be wondering how to earn money on Snapchat with time-limited posts. To do so, you’ll need to narrow your focus on a certain product or service to market, partner with an established brand or influencer, or leverage one of Snapchat’s other features.
Geofilters are overlays on photos that are only viewable if you are in a given location at a specific time. They can be an excellent way to improve brand or business exposure in the location you choose.
If you’re a business, you can include your company’s name or emblem so that folks who use and view your filter will know who funded it.
This is an excellent approach to advertise a product or business name on Snapchat while still earning money. You can use it to promote your online store or redirect traffic to your website, as well as establish a free geofilter for an area that is significant to your business, such as a business park or public landmark.
ADVERTISING THROUGH AFFILIATES
Affiliate marketing is prevalent on a variety of platforms, but it’s an excellent method to supplement your income from Snapchat. Affiliate marketing is essentially promoting other people’s products in exchange for a commission on each sale: if you’re looking to earn money on Snapchat, affiliate marketing can be an extremely lucrative and simple method to do so.
The primary benefit is that you may get started with minimal hassle or experience and earn more money than with other techniques due to the commissions. However, as is the case with any commission-based business, you are not compensated if you do not create sales.
How does it function? If you share a Snap showcasing or evaluating a product and then include a link to purchase it, you will earn a commission on everything they purchase, not just the item you linked to! That sounds delicious, doesn’t it? It’s a simple way to supplement your income from Snapchat, but you must make it obvious that you’re using an affiliate link – otherwise, you may violate advertising rules!
IMPLEMENTING SPONSORED LENSES
Sponsored lenses are another method to market your brand or business on Snapchat and earn money. While Snapchat Lenses resemble filters, they are more akin to special effects applied to images or videos. Have you ever observed your children tinkering with the dog faces that appear on-screen? That, my friends, is a lens. Typically, branded lenses incorporate your business’s name, logo, and the product or service you’re promoting.
Businesses like L’Oréal pay for Sponsored Lenses, which users then access, share, and promote. Numerous large brands leverage sponsored lenses to boost sales, brand awareness, and as part of promotional campaigns. Take note that this is a more long-term – and expensive – means of monetizing Snapchat, and is therefore typically reserved for established brands.