Having a community means that you have the power to leverage a profit. Although you might currently have a community online for your business or social media platform that is non-profitable, there is a possibility to transform your community into one where you can make money.
To learn how to monetize your community to make money here’s more.
Create your own community website
To make money from your community, you could create your very own community website, whereby you can make and share exclusive content for your current social media/business followers as well as new ones.
When you start creating exclusive content for people to pay for, it will likely make your personality more intriguing yet inspiring. The more intriguing you are, the more people will be willing to pay to unlock access to your unique content (that you do not share anywhere else).
Create and sell an online course
If you are an expert in something, then why not leverage your knowledge to make some money?
For instance, you might be an expert in sewing. If so, you could create a course and sell it to those that are interested in learning how to sew. You could sell these through your own website or on third-party sites. After creating the course, you might not even have to do much more to continue making money.
Likewise, if you are an inspirational person and want to teach people how to achieve certain things (how to manifest, how to live a healthier lifestyle, and more) then you could coach people.
This is similar to selling an online course but instead of selling your information in a PDF or through online classes for people to use whenever you will work with people in real-time. It can seem like more of a commitment. Yet, it will help you monetize a community.
Like online courses, you could be a coach in almost any subject. You could coach people in fitness or cooking. There is so much variety that this method can work for almost anyone.
Promote on social media
If you are a keen content creator and love the idea of becoming an influencer, then you could do so with the right patience and commitment.
Growing a following and increasing your engagement will enable you to have the eligibility to work with brands on sponsored content. Sponsored content is where an influencer creates content for a brand to promote their product. The influencer will be paid for their time and sharing the content/product on their platform. It is a smart move to make if you love the idea of inspiring people on social media through content creation.
With there being many smart moves to make to monetize a community, it makes sense for any expert or committed person to take the step today. Even if you have a full-time career, you could still make some time to create a community in something you are passionate about to earn some extra money.