How Can I Make Money With My Product/Service On The Social Media?

To make money with your product/service on the social media you will need to

  • Know the niche that your product/service cater to
  • Know the targets that are in the niche
  • Know which of the targets in the niche, your product/service can provide some value to
  • Determine which targets it will be potentially profitable for you to sell your product/service to, as a business in the niche
  • Determine how potentially profitable it will be for you to sell your product/service to one or more targets in the niche as a business
  • Choose a potentially profitable group of targets to sell your product/service to in the niche as a business
  • Determine the value that you will be providing with your product/service, to your chosen targets. You will also need to determine some uniqueness for your product/service and/or your business too
  • Test the demand for your product/service, in order to know if it will sell, before you start with your business and your social media marketing
  • Determine the number of targets that you will need to sell your product/service to, in order for you to make enough money through your product/service, within some specific period of time that you may have specified

With some research, you can determine all of the above by yourself, with the help of your employees and/or with the help of third parties through outsourcing.

Without doing all these, you will not be able to know

  • Who to sell to in your business and on the social media
  • Who is likely to buy from you on the social media
  • If your product/service is likely to sell on the social media
  • Whether you should start a business based on your chosen product/service or not
  • Whether you have chosen the right product/service to sell or not
  • Whether the product/service that you have chosen to sell is potentially profitable or not
  • Why your targets will buy from you instead of your competitors
  • What you can use to be unique with your product, service and/or business
  • Whether you are likely to profit through your business or not
  • Whether you are likely to make enough money through your business or not with your chosen product/service
  • The targets to look for and sell to on the social media
  • How to find targeted potential customers (that is, those that are likely to buy from or through you) on the social media
  • How to find targeted social media followers (that is, the social media users that fit your target audience’s profile)
  • The right content, ads and offers to create that sell, that you can use to promote and market your product/service for profit on the social media

Not knowing these will most likely mean

  • That you may not be able make money on the social media, with your chosen product/service or
  • That you may have one or more issues with your social media sales and
  • That you may not succeed with your business and the social media

You will most likely want to avoid having to experience any of these in your business, by doing some research on all the above, for your product/service and business, before you start with your social media marketing.

If you have already established a social media presence for your business, you will also need to do all of the above too, if you wish to profit, make some money and make as much as you want, with your product/service through the social media, in your business.

Once you have determined all of the above for your product/service and business, you can then do the following, in order to generate some sales and make some money with your product/service, through the social media

  • Research the social media sites to determine where you can find your targets, that is where you will need to promote your product/service in order to make the sale
  • Set a social media profit goal for your business, that is, the profit goal you may wish to achieve through the social media, within some specific period of time that you may have defined in your business.
  • Create a social media strategy and plan that will help you to achieve your social media profit goal
  • Implement your social media strategy and plan

All of the foregoing is how you can make money with your product/service through the social media.

You can learn more about each one of these through the following

 

How To Make Money Through The Social Media
Using Social Media Marketing For Profit
Social Media Marketing: How To Make It Work For Your Business
How Do You Make Money On A Site Through The Social Media?
How To Generate Some X Amount Of Sales/Profits Through The Social Media
… more >>

Resolving Your Social Media Sales & Profits Issues And Problems
If You Are Having Some Issues With Your Profits/Sales
Some Core Reasons For Your Social Media Sales/Profits Issues Or Problems

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