Passive Income Streams for Social Media Managers
The only thing passive about us is our income streams 💅
Passive income streams are beneficial for many reasons! It allows you to put your focus towards your main income streams while still earning, it can be a great lead generation into your other services, and of course, it's income! Every business experiences lulls, so passive income streams can be a helpful add-on to support your business during those times, too.
Let's backtrack for a second, what's a passive income stream? Essentially, (1) it's passive, meaning you don't have to put your day-to-day attention towards it, and (2) it's another supplemental income stream to your main income. This looks wildly different for all sorts of businesses and industries. For social media management, we are here to give you some inspiration to create yours within your social media management business!
Here are passive income ideas for social media managers:
Affiliate marketing: You can become an affiliate marketer for products or services related to your niche and promote them on your social media platforms. You can earn a commission for every sale made through your unique affiliate link.
Sponsored posts: You can approach companies and offer to promote their products or services on your social media platforms for a fee. This can be a one-time payment or an ongoing partnership.
Digital products: You can create digital products such as e-books, online courses, or templates related to social media management and sell them through your website or social media platforms.
Coaching/consulting services: You can offer coaching or consulting services related to social media management. This can be done through one-on-one sessions or group coaching programs.
Brand collaborations: You can collaborate with brands to create sponsored content for your social media platforms. This can include sponsored blog posts, Instagram posts, or YouTube videos.
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