How Young People ACTUALLY Make Money On Social Media

Summary

The video outlines several lucrative online business strategies, focusing on methods like TikTok Shop sales, OnlyFans management, and e-commerce through TikTok. The key to success involves targeting specific pain points, creating viral content, and posting consistently. From viral TikTok videos driving product sales to managing influencer accounts for OnlyFans creators, each method stresses the importance of persistence, creativity, and volume. Additionally, advice on talent management, e-commerce, and the role of co-founders and networking underscores the need for learning, building relationships, and adapting to new opportunities to succeed in the social media-driven economy.

Takeaways

• 😀 Focus on creating content for TikTok Shop to generate passive income. You can continue earning from videos posted months ago.
• 😀 Start with products you already use or understand well, especially ones that are trending, to increase engagement.
• 😀 Aim for a good commission per sale (at least $3.50), but even smaller commissions can lead to long-term earnings if the product is popular.
• 😀 Create videos that target specific pain points, offering solutions for problems like dryness or oiliness in beauty products.
• 😀 Controversial content can help spark discussions and boost views, which leads to more sales.
• 😀 Consistency is key: post often (5 times a day) and don't worry about perfection. Volume and persistence matter more than quality at first.
• 😀 The biggest obstacle is just getting started. Avoid perfectionism and don't let fear of failure stop you from posting your first video.
• 😀 OnlyFans management is a lucrative business but requires building credibility and gaining your first creator before scaling.
• 😀 When starting in OnlyFans management, focus on one side of the business (marketing or account management) before trying to do both.
• 😀 To succeed in OnlyFans management, be prepared to fake it until you make it and provide excellent service to build long-term relationships.
• 😀 Dropshipping on TikTok Shop is a great way to enter e-commerce with minimal upfront investment. Validate demand before purchasing inventory.
• 😀 For TikTok Shop, look for in-demand products with low competition and use influencers or UGC (user-generated content) creators to help market your products.

Q & A

What is the key to success when creating videos for TikTok Shop products?

The key to success is targeting specific pain points that the product solves, creating a high volume of videos, and embracing controversy to drive engagement.

How can one get paid from TikTok Shop after creating videos?

You get paid every time a sale is made through the videos you post on TikTok Shop, as TikTok rewards creators when their content drives sales.

Why is posting a large number of videos important on TikTok?

Posting a high volume of videos increases your chances of hitting the right audience. It's about creating momentum and giving each video time to gain traction over time, even if they don't go viral immediately.

What should beginners focus on when selling products on TikTok Shop?

Beginners should focus on products they are familiar with, ideally those they already use. The product should also have a good commission rate, and the creator should target specific problems or pain points that the product addresses.

What advice is given regarding OnlyFans management?

In OnlyFans management, the key is to specialize in either marketing (growing social media accounts) or account management (running the account and sending messages). Building credibility and learning how to market effectively is crucial, especially when starting from scratch.

How can you establish credibility when starting in OnlyFans management?

Building credibility can be challenging. One strategy is to buy an Instagram meme page or find a way to establish some form of social proof, such as working with smaller creators before approaching bigger ones.

What is the key to successful e-commerce on TikTok Shop?

To succeed in TikTok Shop e-commerce, you need to pick a product that is in demand but has low competition. Additionally, marketing is critical—using user-generated content (UGC) creators and providing strong incentives to encourage them to promote your product is essential.

What is the risk of dealing with copyrighted products in TikTok Shop?

The biggest risk of dealing with copyrighted products on TikTok Shop is that your account could be taken down if you violate the platform's rules. This can lead to losing money and investments, as seen in the case of Costify losing $1,400 due to a copyright violation.

How can talent management in social media lead to a profitable business?

Talent management involves helping creators grow and monetize their platforms. By managing smaller but promising creators, or even signing new creators, a talent manager can help increase their visibility and secure brand deals, leading to significant profits.

What are the main reasons why people fail in the talent management business?

People fail in talent management when they treat it like a side hustle and don't build genuine relationships with the talent they manage. Success requires being selective about who you work with, maintaining strong connections, and understanding both the creator's and the brand's needs.