Whether you’re from Ghana, Nigeria, South Africa, in the United States or any part of the world, you can earn money on Snapchat. If you have a good following, this article will show you a systematic, proven way to make money on Snapchat, so pay very close attention and follow through. Before we detail how to make money on Snapchat, let’s take a brief look at Snapchat.
A Brief About Snapchat
Snapchat is an image and video messaging app developed by Stanford University students Evan Spiegel, Bobby Murphy, and Reggie Brown in 2011.
Snapchat is one of the most popular social messaging apps that allow people to exchange videos and pictures known as snaps with their friends.
Most people enjoy taking pictures with the Snapchat camera because of its essential features such as adding filters, lenses or other effects to make it looks classy.
Snapchat Users Statistics
How many people use Snapchat?
According to a report from Snapchat, the app has 238 million daily active users as of the second quarter of 2020. And this shows that more people are using Snapchat today.
Therefore, why not take advantage of this to make money on Snapchat? Building an exponential audience on Snapchat will make you more money by using the methods I’m about to show you.
However, I don’t want to blow fluff in your eyes, so let’s look at what research conducted by eMarketers has to say whether Snapchat will be a platform to make money or not.
eMarketer predicts that we’ll see Snapchat global users climb to 315 million in 2020 from 293 million in 2019. By 2023, it predicts we’ll see the figure rise to 356 million – or 10.4% of social media users.
5 Ways To Make Money On Snapchat
You have heard the saying, ” The money is in the list”, as you figure out ways to make money online. Without building an audience, there is no way you’re going to make money. And I’m not saying you need a massive bunch of following on Snapchat to make money. However, building a following on Snapchat will give you a head up to create a passive income from your audience.
Now, provided you already have your Snapchat followers and are looking for ways to make money on Snapchat, here are the proven ways to make money from your followers. No time-wasting lets probe right into our first method on the list:
Make Money On Snapchat with Sponsored Content
Hello, Snapchat influencer. Do you know you can promote brands to your followers in exchange for money? Companies and brands nowadays want to leverage their brand awareness through influencers sponsored promotions. Do you know why? They believe you have built trust with your followers, and any offers you present to them will be a hit.
As a Snapchat influencer, you would create Snaps that connect to a brand or a company to your followers and get commissions from it. They will pay you based on your followers’ size and your sponsored Snap’s reach to your followers.
Sounds good? Now, go and make money on Snapchat through sponsored contents to your followers.
Promote Affiliate Products To Your Audience
Another verified way to make money on Snapchat is through affiliate marketing. Most social media platforms like Facebook hates affiliate links, but not in the case of Snapchat. You can make a video or take a picture of a particular product or service and include your affiliate links to get paid if some of your followers purchase through your link.
If you’re wondering how the affiliate marketing system works, don’t worry. Head over to my previous article on starting affiliate marketing for beginners, and you will make a fortune from this type of online business strategy.
Promote Your Products And Services
Next on our list to make money on Snapchat is by promoting your products or service to your followers. Snapchat followers already trust you, so there won’t be any headache introducing your service to them. They will feel more reluctant to buy from you.
Create videos about your products and services, and they will start interacting with your brand.
Though because Snaps videos are up to 10 seconds long, you’ll have to be more creative.
Submit Your Best Snap To Spotlight
Snapchat’s Spotlight feature imitates the TikTok component for promoting viral videos from the Snapchat community. It shines a light on the most entertaining Snaps, no matter who created them. “Snapchatters have the opportunity to earn if they submit top Snaps,” according to Snapchat. That means those with more views are likely to earn more money.
Create A Snap Ads To Market Your Business Or Services
Lastly, on our list on how to make money on Snapchat is by running ads campaign to market a product. Let’s say you want to sell sneakers on Snapchat and reach more people. Like any other social media advertising platform, Snapchat allows you to reach potential customers willing to purchase your product. However, you will need to have a Snapchat business account to run ads for your products. Visit here if you don’t have a Snapchat business account yet to start advertising on Snapchat.
Final Thoughts On How To Make Money On Snapchat
You have heard social media influencers are making more money online, and you, too, can be part if you paid very close attention to the methods outlined above. Start building your Snapchat followers, establish trust with them, and eventually promote brands and services to make money on Snapchat.