Discover 5 Best Social Media Platforms to Make Money in 2021

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In recent decades, social media has really lifted off in terms of creating job opportunities. There are numerous influencers that motivate us to follow our passion and make money while doing so. And for that purpose, we’ve listed some of the best social media platforms to make money.

There could be a lot of reasons for you to try out this endeavor. From being bored of your 9-to-5 to looking for side hustles to make extra bucks, each and every one of us can relate in some way to opt for this crazy and rewarding pursuit.

In order to make money, it’s important for you to stand out from the crowd but it’s equally important to figure out the platform where you’re going to put all your hard work into.  Have shared a list of the best 5 social media platforms to make money including Twitter, Pinterest, and others.

You can select your own area of passion and interest from designing to content writing, there are a lot of opportunities to make money out of these sites. All you have to do is put out your original content and make sure it’s engaging enough to amass a huge following base and kick off your business.

Social Media Platforms to Make Money

Without further ado, let’s get into the heart of the article by discussing how you can make the most of these social media platforms to get the cash flowing.  

1. Instagram

Top 5 Best Social Media Platforms to Make Money: Instagram

Why is Instagram one of the best social media platforms to make money?

What started out as a platform for sharing photos has become one of the most diverse and fun social media apps in the market today. With beautiful photos, live videos, stories, Reels shared across its 1+ billion user base, Instagram is easily one of the most popular entertaining platforms right now.

Apart from being an entertaining social media site, it’s actually possible to make some good bucks on Instagram. If you already have a big enough following (100,000+), it is rather easier for you to find brands to partner with. But if you’re just in the beginning phase with a comparatively smaller 5,000+ following, you need to put in some work on building your follower base. 

Also, read How to Make Money on Instagram Reels? 5 Best Ways

First thing you’ll need to do is to narrow down to a niche of your interest and share a unique perspective in your content, which makes it highly likely to grow your number and eventually monetize your Instagram account.

Once your account has been monetized, you can set up your own Instagram shop as you might have seen in other influencers’ bios, or get brand deals to sponsor their products to get that money flowing.

2. Pinterest

Top 5 Social Media Platforms to Make Money: Pinterest
Source: VentureBeat

Why is Pinterest one of the best social media platforms to make money?

Pinterest is a social media network that acts as a virtual pinboard which allows you to save, organize and share the things you love. Making money on Pinterest is not as challenging as with Instagram.

You only need a few thousand followers on Pinterest to get recognized by the brands. And this can be achieved by creating pinterest boards of your interest. The key here is to make engaging and quality content, be it blogs, articles, videos, of your interest to build a strong audience base.

Once that is achieved, you can generate traffic on your own website via the pins. This will set up a portal to sell your products or services directly to your audience. 

One other way to make money on Pinterest is affiliate marketing. Find brands whose products you are genuinely interested in and set up affiliate links in order to sponsor their products. It’s recommended to only sponsor the products that appeal to your audience or you could lose your only money making factor – the follower base. Another thing to make sure is that don’t SPAM those affiliate links, you have to creatively and subtly put it on your website.

3. LinkedIn

Top 5 Social Media Platforms to Make Money: LinkedIn

Why is LinkedIn one of the best social media platforms to make money?

LinkedIn is a great way to make money as a freelancer or your side hustle. With well over 700 million users and 50+ million registered companies, you can be sure to find a project of your interest.

You need to start with selecting a niche as per your skillset. There is a lot of demand for skills like Graphic designing, App development, Digital marketing, and many more over on LinkedIn. The challenge here is to equip yourself with the knowledge of a particular skill to land projects.

In order to kickstart your journey on LinkedIn, you must have a great headshot and a skill-listed profile page. This helps to increase your credibility as a freelancer and creates an excellent first impression on potential clients.

Also, check out 200+ Top LinkedIn Hashtags for Job Seekers to Grab the Best Possible Opportunities

If you’re having trouble finding customers, you can join LinkedIn groups related to your niche. This is a smart and effective way to reach out to more potential customers that might be interested in your service offerings.

4. Twitter 

Top 5 Social Media Platforms to Make Money: Twitter
Source: Marketing Land

Why is Twitter one of the best social media platforms to make money?

Twitter which recently turned 15 this March is still considered as one of the best social networking sites. According to blog.hootsuite, in the past year, 82% of B2B content marketers used twitter for their marketing strategies.

With over 350 million users, Twitter serves as an excellent advertising tool to increase your brand’s engagement. The key, as with most other platforms, is to grow followers on your Twitter profile by posting regular fresh and engaging content. 

Also, read 5 Most Retweeted Tweets in the Entire History of Twitter world 2021

In order to build a strong base, you’ve to interact and engage with other Twitter users by liking, retweeting and commenting on their posts. One other tip is to put out organic tweets while using hashtags relevant to your niche to reach out to more users.

Once a substantial follower base is reached, you can make money out of sponsored tweets. If you reach a significant influential level, you can even charge up to $10000 per tweet. There is also a window to promote your own products over your profile or even sell other brand’s products via affiliate links. 

5. Youtube

Top 5 Social Media Platforms to Make Money: YouTube

Why is Youtube one of the best social media platforms to make money?

Youtube is the biggest free social video streaming platform. As it is a video platform, a Youtuber has an advantage while amassing a strong audience. There is a certain level of trust that gets established among the youtuber and the users.

In order to make money on Youtube, you need to become a Youtube partner first. For this you require a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months. After that, you set up your Ad sense account.

It’s important to select a specific niche to get started in the youtube business. You can even sell your own products and merchandise once you’ve acquired a trustworthy base. There are a lot of other ways by which you can generate money though your Youtube account.

Also, read Watch 30+ Most Liked Videos on YouTube [UPDATED 2021]

One such way is through the sponsored brand deals. One advice of caution here is to let your audience know that you’re indeed advertising a product to maintain those healthy legal Ad guidelines and to keep that trust and transparency between you and your audience.

Another way to make money is through streams or live chats where your audience can directly pay you money though the Superchat option, exclusive to Youtube partners only which makes it one ofthe best social media platforms to make money.

Wrapping Up

This concludes our list of best 5 social media platforms to make money. We hope that you find the information provided in the article useful. Now stop wasting time and get hustling. Let us know your favorite media site in the comment section below. 

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