Social media has become a competitive venue for influencers and business owners. So, if you want to outdo your competitors, you have to produce better and more engaging content.
To do this, you have to find a niche that works well for you.
Go with Something you are Truly Passionate About
First of all, you have to make a list of the things that you genuinely enjoy. Don’t worry about the money, popularity, and other external factors.
List down the things and activities that make you happy.
Then, narrow them down further to find your niche.
When you really like something, it will become easier for you to focus on it.
You will also appear more natural when you cover it in your social media posts.
Remember that viewers and readers can smell fake.
So, if you don’t want your reputation and brand to be tarnished, you have to be genuine.
Research About your Niche Market
Being passionate about your niche is great. However, your niche should also be profitable if you want to make money on social media.
For starters, you have to do a keyword research. You can use the Google Keyword Planner tool to learn about the most popular keywords and key phrases.
To narrow down your choices further, you have to consider the search volume, competition, and suggested bid.
Ideally, you should stick to 1,000 to 10,000 monthly searches. Anything less than 1,000 means that not a lot of people are interested in this niche.
For competition, you should opt for low-medium. This way, you can have a greater chance of dominating the market.
For suggested bid, you should go for higher bids. This means that a lot of people are interested in paying for this niche.
Stick with Your Niche
Once you found your niche, you have to stick with it.
Posting about a variety of subjects on your Facebook fan page, YouTube channel, or Instagram profile may seem cool to you, but it is actually confusing to your audience.
You have to choose one niche and stick with it because it will be known as your brand.
It will be the thing that people will come to your profile, page, or channel for. You have to market yourself as an expert in this field to gain the trust and loyalty of your target audience.
Since there are probably many other people who also have this niche, you have to find ways to make your content more interesting.
For instance, you may invest in high quality equipment for your photos and videos. You may also hire editors to edit your blog posts and videos.
Making money via social media cannot be done overnight. You have to prepare and work hard for it.
Nonetheless, it can be a pretty good way to earn money once you build a name for yourself.
At present, the most profitable niches on social media include health and fitness, beauty, travel, business, and fashion.
You can find thousands of influencers talking about these topics on their social media platforms.
If you specialize in these subjects, there is a huge chance for you to make it big in this industry.
You can make a living as a blogger, vlogger, or social media influencer.
You can earn money from ads as well as work with businesses and brands.