Allysa Larson

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How to Create Multiple Streams of Income with Social Media

Hey babes,

So glad that you are here today. This blog post has been requested so I just wanted to compile a list of ways you can make money on social media as a creator and how important it is to have multiple streams of income and not just rely on Instagram or one platform in general. Here’s a list of ways I currently generate income and hopefully this can help you come up with ways as well, especially if you’re wanting to go full time eventually!

10+ ways to generate income:

  1. Sponsored Content

    • Brands pay you to post on your socials based off of your engagement rate, analytics, etc

    • You can pitch via email or brands will reach out to you directly (or through PR companies)

  2. Content Creation

    • Brands pay you to create content specifically for them

    • You aren’t required to post on your own channels

    • Videos, ads, photos for their websites etc

    • This is where you are charging usage rates

  3. Modeling

    • Standard hourly rate starts at $100/hr

    • No usage rates involved

  4. Affiliate Marketing

    • LTK, magic links, etc 

    • You earn a small commission when someone purchases from your links

    • The % ranges depending on the platform and retailer

  5. Platforms

    • Aspire IQ, Fohr, Obvious.ly, #PAID, etc

    • Sign up on collaboration platforms to be considered for brand campaigns

  6. Blog

    • This is the platform that you truly own

    • If instagram disappeared, what would you do?

    • Some people sell ad space

    • You can do sponsored blog posts

  7. Create a brand

    • Product Based - My brand Summer Buns

    • Service Based - An Agency

    • Podcast (ads)

    • Host Events

  8. Other Socials

    • Pinterest, Youtube, Tiktok etc

    • You can cross promote and build your audiences on other platforms to generate $$$

  9. Poshmark / Depop

    • Reselling clothes

  10. Provide a service (coaching, courses, ebook etc)

    • I used to have a course called Pitch & Get Paid

    • Might turn it into an ebook? Should I? Let me know!

  11. Presets

    • Not as popular as it once was, but creators are still making signature presets to sell

  12. Buffalo Exchange

    • To help clean out your closet, go to your local Buffalo / Platos closet and make some extra cash

    • Ex. I can take two bags and make around $200

      $200/1 mo x 12 months = $2400

Hopefully this list helps and/or motivates you. There are so many ways to generate income and if you want to be full time, here are ways to make it happen.

We recently did a podcast on this, you can listen HERE

Xx, Allysa