20 Ways to Make Money as a Social Media Influencer We're at the beginning of the "creator economy." Here are 20 strategies to help you capitalize and grow your career as a content creator.
By Mike Schmidt Edited by Frances Dodds
Opinions expressed by Entrepreneur contributors are their own.
Many people think we're at the peak of the "creator economy," pointing to supply saturation, overvalued tech startups and creator burnout as their central arguments. But I think we're at the beginning. After building a technical product that has facilitated thousands of influencer marketing activations, I can assure you that technology has a long way to go to help existing and aspiring creators achieve their financial goals.
One-third of kids between the ages of 8 and 12 aspire to be either a vlogger or a Youtuber. Kids are no longer aspiring to be doctors, lawyers, engineers; many kids want to become creators on social media. Social media exposure seems to be influencing kids' future career aspirations.
Pair that with the facts that Youtube made $15 billion last year, with nearly half of that going to content creators. Youtube is the social content forerunner; whenever there is economic opportunity, creators will go. It's no surprise that Tiktok unveiled a $200 million fund for creators and Instagram is going to start sharing revenue with creators on IGTV. That said, Instagram has a long way to go given that they made $20 billion in revenue last year and barely shared any with creators.
The rest of this article is locked.
Join Entrepreneur+ today for access.
Already have an account? Sign In