How To Make Money With Social Media Accounts | Phil Pallen

TL;DR

Learn how to make money on social media, specifically YouTube and Instagram, even with a small following.

Transcript

let's talk about money how to make money on social media in this video i'll focus on youtube and instagram which are personally where i generate nearly five figures per month at least at the time of recording this and i am a small creator okay let's discuss this because i want you to be doing the same i'm phil pallett a brand strategist welcome to ... Read More

Key Insights

• 🤑 Influence and follower count are not the primary factors for making money on social media.
• 🍧 Building an engaged community is more important than having a massive following.
• ❓ Identifying and aligning with compatible brands is crucial for successful sponsored content opportunities.
• ☠️ Gradually increase your prices based on successful sponsorships to find your ideal rate.
• 🐕‍🦺 Upselling additional services or content to brands can increase your revenue.
• 💦 The speaker recommends a course called Pitch Perfect Pro for comprehensive guidance on working with brands.
• 🤑 Making money on social media requires passion, expertise, and enjoyment in creating content.

Questions & Answers

Q: Do you need a large follower count to get paid on social media?

No, the speaker proves that a sizable following is not necessary. They started earning a healthy income with just 20,000 Instagram followers and 5,000 YouTube subscribers.

Q: How should I create a community on social media?

Focus on driving engagement, especially comments and shares. Reply to all comments and interact with your audience. An engaged community is more important than a massive but inactive following.

Q: How do I find brands that align with my audience?

Take note of brands you love, use daily, or have been mentioned by your followers. Create a dream list and narrow it down to brands that have a natural fit with your content and community.

Q: How should I approach brands for sponsored opportunities?

Find the email address of someone at the company and introduce yourself, highlighting your expertise, community, and engagement. Don't mention prices initially and be sure to follow up.

Summary & Key Takeaways

• The speaker shares personal experience on how they generate five figures per month from YouTube and Instagram.

• They emphasize that you don't need to be an influential or full-time creator to get paid.

• The speaker provides a six-step guide to making money on social media, including identifying your expertise, building a community, finding compatible brands, and setting prices.