There are more ways to monetize social media than you think!
Social Influencers are people who either have a large number of “followers” on social media, or a high degree of credibility on a subject (an expert). Many celebrities are paid to Tweet or post endorsements for companies.
Captiv8, a company that connects brands to influencers, says someone with three million to seven million followers can charge, on average, $187,500 for a post on YouTube, $75,000 for a post on Instagram or Snapchat and $30,000 for a post on Twitter. For influencers with 50,000 to 500,000 followers, the average is $2,500 for YouTube, $1,000 for Instagram or Snapchat and $400 for Twitter.
As you can imagine, it can take years to gather 50,000 to 7 million followers! Fortunately, there are other ways to make money using social media