If you are an influencer who is looking to make some serious money from the content that you’re producing, then follow our 6 steps below in the order they are written to start seeing a difference.
Step 1: Don’t forget the basics
Set the groundwork and the foundation of your page by having a defined niche, knowing your target audience like you know your best friend, knowing how to provide value, and showing up consistently.
Step 2: Check your mindset
Answer these questions to help you get into the mindset that you are making money or can make money:
- What do you believe is financially possible?
- Do you feel like your results are impossible?
- What are your attitudes and beliefs on money?
- What do you think the odds of you truly succeeding are?
Got your answers? The hard truth is that if you think it is impossible to make money, then it probably will be. This is why your money mindset is so important as it will shape how life unfolds before you.
Step 3: Know your platform or platform(s)
Know how to leverage the platform you are on. Give 100% of your energy into one place as you build up your momentum for the rest. No matter where you are, there are two areas of importance which are choosing one platform that is your main platform to start with and the second is knowing how to leverage each platform to your advantage. Understand what and why you are using each platform for and what it can be good for.
Step 4: Picking your income streams
What makes sense and works for you? The easiest way of making 6-figures as an influencer then it’s to have multiple streams of income. This way, if one stops, you can continue to make money through other sources. Every millionaire has several streams of income, and therefore your goal should be to have 7 streams of income.
While it is possible to make money from one stream, the best way to six figures is by having multiple streams running all at once. If you want to make $100,000 a year, divide that by 12 which equals $8,333 every month. 3 streams of income means you have to make $2,777 rather than $8,33 from one – right?
How do you make this money?
You can set up your income streams to be either passive or active. Passive is when you put all the hard work in at the beginning, and you’ve now set it up to sell forever. Active income requires you to show up consistently with your posts and then there’s a combination.
The streams of income you can choose from:
- Join an agency like ITP Live which is the leading influencer marketing agency in the region
- Affiliate marketing
- Brand collabs
- Selling digital products
- Physical product sales
- Selling online course
- Coaching
- Offering a service
- Starting a membership
- Platform monetisation
- User-generated content
- NFT’s
Of course, there are more ways out there, but this is the most common. Now, let’s separate them into the 3 categories which are passive, active, and mixed.
Passive: Affiliate marketing, digital product sales, physical product sales, and online courses
Active: Brand Collaboration, coaching, offering a service and user-generated content
Mixed: Starting a membership, platform monetisation, and NFT’s
Step 5: Start the snowball effect
Money doesn’t just appear, it may feel like it does but, there is a lot of behind-the-scenes work that goes into it so patience is a must. Start with one stream of income and once your profiles begin to build up, use those affiliate links and promote it on other streams.
Work on one income stream at a time.
Step 6: Invest in yourself
As an influencer, you are the face of your brand so you need to look after yourself emotionally, physically, and mentally. Continuously learning and educating yourself through different social media channels will broaden your knowledge and make it become easier for you to what you include in your next strategy and what to record next. Attend webinars, join memberships, and subscribe to our newsletter for updates on the latest social media feature, as this will help you to be current.
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