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Ways to Improve Your Finances with Social Media

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#finance #financialtips #financing #goals
Published
01/06/2023

An average person spends 2 & ½ hours a day on social media. You probably have read this stat before that suggests social media is highly-addictive. But what most people don’t talk about is how useful social media can be.

The place is full of people. And, wherever there are people, there is a market to explore and make money from.

Surprisingly, social media helps you make money and improve your finances quite fast.

A micro Instagram influencer with 1K to 10K followers can easily generate $1420/month. The best part is that they don’t even need to get these followers from scratch. Reliable growth services (you can check out SimplyGram reviews right here) do all the work.

But, being a social media influencer is not the only way to make money. Here are some other amazing ways to improve your finances with social media!
 

Build a Strong LinkedIn Profile

LinkedIn is a connecting place for professionals. You’ll find job openings, recruiters, and experts from different fields sharing their knowledge. What does that mean for you? 

If you’re looking for a better job, LinkedIn can help you connect with HR managers and companies. Even if you don’t find one directly, it can help you establish yourself as an expert in the industry.

You can share your knowledge and experience. And, when potential recruiters in your network will notice your expertise, they will automatically send high-paying job invitations.
 

Establish a Social Media Presence

Nowadays, people first check your social media followers and then believe what you claim to be. A large number suggests you’re an authority in your niche. This adds to your credibility and increases your chances of securing jobs and projects.

Besides, everyone is on social media platforms. There could be no better way to pitch potential recruiters than to show up in their feed!
 

Make Yourself Accountable on the Instagram

Accountability works wonders in improving your financial situation. When you feel that you’re answerable to someone about how and when you spend money, you will automatically become a conscious buyer.

But who can you be accountable to? Instagram! 

Create an Instagram page about financial goals and money-saving journeys. Use SimplyGram or another reliable growth service to give your page an initial boost. Then, post consistently about your weekly/monthly savings goals and performance.

If your page audience becomes large, you can also generate passive income as an influencer. A few ways include sponsored posts, collaborations, and selling digital products like eBooks.
 

Start a YouTube Channel

Do you cook meals for yourself or have any other side hobby? Why not make it a side hustle by creating a YouTube channel about it?!

A YouTuber with 1000 subscribers can make between $10 to $300/month in ad revenues. This is a pretty good start for a passive income stream. And, if your channel grows to 1 million subscribers, you can easily make up to $5000/month!

The best thing about this method is that you don’t need to jump into another niche or field to make money. You just have to make good-quality videos of something you already do  (think about ASMR) and optimize the channel for SEO.
 

Keep an Eye on the Deals

Another easy way is to track the latest deals and discounts on your favorite brands. Every brand first posts special offers on its social media page and then markets them in its store. So, if you stay updated about them, you can manage to save extra money from your monthly budget!

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