how to monetize social media
i have a twitter account in the financial news / prop trading niche with around 30k followers. engagement is pretty good....avg post gets 15% engagement (likes+retweets+ clicks thru links and media) vs impression (total views). i've read this level of engagement is high....avg is closer to 1%...i'm regarded as a kind of expert in my field.
i'm wondering how to monetize this. do i advertise affiliate products? wrie a book and try to sell it...make/sell a course? or do i try to partner with a brand that wants to advertise to my audience? i wouldn't mind posting in exchange for a porsche or an aston martin.
thoughts?
Deliver a quality product and leverage it to jump start your idea/product.
Maybe if you did a financial newsletter or something you could do it for free initially to build volume then have subscription only content for those interested.
newsletter is hard given my niche...which is primarily live trading suggestions / live market analysys...getting into the thought process of a day trader and how they react to market action in realtime. hard to convert that into a newsletter....timespan is short and turns on a dime sometimes
You could do live video trading and Twitch or something.
You could cover the ‘why’ behind your trades as well as the timing and size.
i've thought about that....and i probably will
what about other types of monetization? it would be cool for aston martin (or ferrari) to give me a car, in exchange for posting about how awesome the car is. how do i get that gig?
For that, you’d have to be Doug DeMuro
Did you forget to post anonymously?
I follow people on YouTube with extreme niche topics (electric cars) and they average as little as a few thousand views per video. But because their fans are highly engaged and often fairly high income, fans will donate to the channel via Patreon. Then, one of the guys is kind of a finance geek, so he builds Excel models and stuff that he'll sell for people to use in their own financial analysis. I'm sure they pretty much write-off all of their goodies (camera, phone, microphone, headset, etc.) on their taxes. They all can somehow afford to own the latest and greatest Teslas, so I assume they are compensated well enough to make a good living.
yes, exactly...so how do i approach the manufactures of luxury goods where my followers are the prime audience (lots of financial market people...hedge fund managers, bankers, traders, brokers, financial advisors...etc..they all follow me...so i think the avg income of my followers is higher than avg)
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