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make money online | Zikoko!
  • Fancy a Career in Social Media Influencing? Here’s What You Should Know

    Every week, Zikoko will share the hustle stories of Nigerians making it big in and out of the country. With each story, we’ll ask one crucial question in several ways: “How you do am?”


    Toyosi Godwin’s hustle story gave insights into how he built a community on Twitter and unlocked an income stream through social media influencing. If you’re curious about what building a career as a social media influencer involves, this guide will help you.

    Image: Pexels

    First off, what does a social media influencer do?

    It’s pretty self-explanatory. The social media influencer’s job is to influence the decisions of their followers or community, especially purchasing decisions. 

    Being an influencer isn’t just a job, though. It’s a lifestyle that hinges on popularity and a committed following. Those are factors necessary to get people to do what you want them to do. 

    For example, you probably wouldn’t buy slimming tea from a danfo vendor, mainly because you don’t know or trust the vendor. But if your favourite influencer were to come online and swear by the product, you might have a change of heart. Why? You were influenced.

    What does it take to become an influencer?

    First, a committed following, and that doesn’t mean just being popular. You may go viral — and even gain followers — every two weeks by tweeting controversial takes, but fame doesn’t equal an ability to influence the decision of others. That’s done by:

    • Building trust: People need to feel like they can either relate to or trust that they know you enough to listen to you. 
    • Having a niche: What’s that one thing you’re really good at and can talk about forever without getting tired? That’s your niche. This is important, as it helps the influencer to build authority in their field and earn a committed following. If followers know, for example, that you know all there is to know about fashion, they’re more likely to buy a fashion item just because you recommended it.

    RELATED: The Grass to Grace #NairaLife of a Social Media Influencer


    So, how do you become a successful influencer?

    Once you’ve cracked your niche and following, a couple of skills are necessary to maintain your community.

    • Storytelling and content creation: It’s important to note that it’s not only about how often you post on social media; quality also matters. How, when, and what are you posting? Are you selling the content in a way that appeals to and evokes some type of action in your audience?

    A successful influencer doesn’t just post for the sake of it. You’ll need to pay attention to content strategy, the algorithm of the social media platform in use, and the specific audience.

    • Social listening: This involves analysing online conversations and considering how they could affect your brand and audience. The ultimate goal is to understand the underlying sentiment on social media and respond with a marketing strategy that influences that sentiment favourably, ensuring your visibility. 
    • Consistency: Followers must know they can trust you to show up regularly. You might want to invest all your money in a telecom company because you’ll always need to be online.
    • Search engine optimisation: Before you ask, isn’t it just social media? It’s not. You want considerable views on every content you put out, and a knowledge of SEO will ensure you explore the right keyword and push out content that keeps you at the top of people’s minds.
    • Community engagement: A large part of social media influencing is trust, and that’s gotten through engaging with your followers. Don’t just post and go. You’re not Beyoncé.

    How do you make money as an influencer?

    This is typically done through: 

    • Brand endorsements: One common denominator for influencers is that they have many loyal fans who trust them. Brands use this leverage to make their products appealing by paying these influencers to sign on as ambassadors. 
    • Affiliate marketing: You know how Instagram skit makers include referral codes in their videos for a particular product or service? That’s affiliate marketing. When people buy the product/service with a referral code, the influencer gets a commission. 
    • Sponsored advertisements: This typically involves written or video content by an influencer directly marketing a product or service. In this method, the brand pays the influencer an agreed amount — usually determined by the influencer’s rate card — for the sponsored post.

    Usually, the number of followers and social media reach an influencer has determines how much they can charge brands for ads.

    Maintain the trajectory

    An influencer’s work is never done. Social media algorithms and rules change, so it’s important to stay updated and constantly reinvent yourself to remain visible and relevant. It’s also helpful to follow other influencers to learn from them and possibly form partnerships that help your visibility even more.


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  • How to Actually Make Money on YouTube, According to Eric Okafor

    YouTube is a different world. What other channel allows you to study a full-on degree right there on the site and gives you mad laughs at the same time? 

    Funny accents aside, you can’t deny there’s mad money to be made on the social platform. In an economy which has its currency fighting for its life, more people are seeking ways to make money online, and YouTube is one such legitimate avenue. 

    We spoke to Eric Okafor, AKA Knewkeed, a YouTuber who specialises in tech reviews, and he shared pointers on how to get that YouTube money.

    First of all, have a niche

    Don’t just create a YouTube channel for the sake of it. People will watch your videos and come to your channel because you’re providing something specific, solving a problem and creating value. 

    Starting YouTube without a niche will force you to rely on your personality outside of YouTube. This might work if you have the right vibes or are already well-known because of your lifestyle. In this case, people come to you because you pass a vibe check. Of course, this won’t work for everybody. So, find something you’re super passionate about, and say what you have to say in your voice.

    Small note, though: Having a niche doesn’t mean you’d be the first to do something in that line. Others will have done it, but what’ll help you stand out is your unique way of delivering the content. Do you, boo.


    RELATED: In Just Two Years, This UI/UX Designer’s Income Has Gone From ₦120k to Over ₦3m


    Pay attention to the algorithm

    Many people assume YouTube is exclusive to big-shot production companies, or professional content creators who can afford excellent production or sound quality. It’s not.

    In fact, Youtube is moving rapidly to Shorts — short-form video content typically shot with mobile phones — and it’s all the rage now. 

    Understand your audience

    Yes, the algorithm favours YouTube Shorts more now, but for someone just starting out on YouTube, you’ll need to find out what your audience wants before churning out any type of content.

    For a particular niche, your audience may prefer long-form videos.

    Interestingly, long-form content is more likely to get you a hard-core audience who’ll actually get to know you.

    Get into the YouTube Partner Program

    To get monetised on YouTube, you need to hold consistency tight. 

    Hold it oo

    The YouTube Partner Program specifies that long-form content creators need to have at least 4,000 watch hours and 1,000 subscribers before they can get paid for their content.

    YouTube will monetise short-form content (AKA YouTube Shorts) around January or February 2023, and you’ll need about 10 million views in the last three months to qualify. It sounds like a lot, but a tip is to choose one of your video content that people like, then cut it into bite-sized content and share one at a time to keep people expectant.

    You can always check your analytics to keep track of how many watch hours you need to complete and the needed subscriber count to get there.

    Start getting paid

    Once you cross the requirement hurdle, you start getting paid for the ads run in your videos. PS: You’ll still get ads in your videos before you’re monetised. You just won’t get paid for them.

    You say what?

    Once monetised, the amount paid per ad differs based on the party pushing out the ad, whether your subscribers watch the ad to the end or click a link. 

    To receive your money, you’ll be required to fill out a form with your naira or dollar account details and fix a threshold for when you want your money to be sent to you. The least threshold is about $100, so you won’t get paid until your earnings accumulate into that amount. It’s quite straightforward.

    There’s tax on it, though, if you have people watching from the United States. You’ll fill out something called a W-8 tax form, and they typically take out 38-40% of your monetised US playback.

    Other ways to get your YouTube bag

    Super Likes and Super Thanks

    YouTube is doing this new thing where viewers can show they really enjoy your content by giving a Super Like or Super Thanks. They do this by buying a fun animation to make their comments stand out on the creator’s page, and YouTube gives the creator a revenue percentage (around 70%). 

    Brand sponsorships

    Once you’ve cracked viewer engagement and show up every day, brands will notice you, and this is a major revenue stream. Brands that advertise on YouTube most likely have a lot of money to spend, so secure that bag.

    Membership

    You can also get your subscribers to become paid members in return for exclusive access to premium content. Of course, you’ll need to have a fully engaged audience for this to work.

    Don’t forget merch

    Multiple websites allow creators to design and sell merch, giving these creators a cut of the generated revenue. Now, though, people just create their own websites to maximise profit.

    Learn, learn and learn some more

    At the end of the day, almost every content creator is self-taught. You have to be deliberate about learning. Make YouTube your number-one resource for learning how to make your channel work. If you’d rather pay to be a pro at your craft, it’s much better to seek out those who’ve made a name for themselves on the very platform — in this case, YouTube — you want to succeed in. 

    You may get offers from Multi-Channel Networks (MCN) to help you grow your channel — and get a revenue share — but I haven’t found them to be very useful. Some other creators have said the same thing. So, if MCN comes, make sure to read between the lines and enter with your eyes wide open.


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  • All the Best Sites to Get Your Coin Up as a Freelance Writer

    You may have heard there’s money in writing, and of course, you want to know if there’s any truth to it. Let me start by saying, yes, it’s true!

    So, how do you start? How do you monetise your writing skill? What are the best sites for beginners? These are the question this article will answer.

    If you’re a beginner, look online

    For someone just starting out as a freelance writer, you may not have a steady network of jobs and opportunities, so your best bet is to take advantage of legitimate sites that allow you to offer your service in exchange for a fee.

    Which freelance websites are great for beginners?

    1. Writing gig websites

    When many people think of freelance writing, they automatically think of short writing gigs in exchange for money. Many sites allow writers to offer this service, and some of them require a paid subscription to access the opportunities.

    But what if you’re not ready to drop coins when you’ve not even started earning?

    Here are some free sites where you can secure writing gigs:

    iWriter

    This is a great site for beginners. To start, you’ll have to fill out a form and complete two 250-word writer prompts. Your results will determine your level and the writing jobs you can choose from. The higher you go as a writer, the more money you’ll make. 

    Upwork

    This is arguably the most popular site for freelancers that has an excellent market for writers. It’s set up to allow bids for both short-term and long-term jobs. Another great thing about Upwork is that the site keeps a record of all work done by freelancers, which helps build your reputation.

    BloggingPro

    This site regularly offers blogging and freelance writing gigs. It’s basically a job board where freelancers can search for gigs. You may need some writing samples to prove you know your onions.


    RELATED: Zikoko’s Guide to Freelancing Like a Pro


    2. Article submission websites

    Freelance writers also have the opportunity to submit stories, articles and write-ups to certain websites and get paid. Usually, all the freelancer needs to do is study the submission guidelines carefully, pitch articles, and then, wait for feedback. If the pitch is accepted, they submit their writings and get paid.

    Some websites that offer this service include:

    Which freelance website pays the most?

    Most freelance websites offer varying rates for writing jobs depending on the nature of the article requested, the writer’s skill, negotiation ability and the party seeking the service.

    Ultimately, consistency is critical for a beginner hoping to cash out through freelance writing. Not only will it build your reputation, but the more jobs you do, the better you get at it. Of course, the money wouldn’t hurt as well. Cha-ching!


    Note: While these are trusted sites for freelance writers, prospective users are advised to do due diligence when interacting with clients and other users on the sites.

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