Reddit has been around for almost two decades and it’s one of the biggest websites in the world with over 200 million active monthly users (as of June 2021). Not only that, but there are several ways to earn through your favorite communities on Reddit. If you want to know how to make money on Reddit, here's everything you need to know about making money on Reddit...
1) Sell merch: There are many products you can sell via different subreddits, including shirts, stickers, keychains, buttons, etc., which you can use them as giveaways or trade-ins at r/giveawayortradein to increase brand awareness. You could also check out Amazon Affiliates if you have any product on hand. However, keep in mind that these items cannot contain affiliate links since they're not directly sold by Reddit itself.
2) Drive traffic: One thing you should definitely consider doing is driving more people towards specific content within your community. This will help boost sales because people already trust what you post.
3) Start a podcast: Starting a podcast on Reddit is easy too. All you need to do is create an account on hosting platforms like Podbean or Libsyn, then open up a new tab where you'll see a button saying Subscribe to Podcast "&" Create New Post. Then just type whatever topic you'd like to discuss into the text box, select the relevant category, hit Publish, and voila! Your first episode is live. After that, all you need to do is upload each subsequent episode manually using Uploadr, which we've previously written about.
4) Write & edit articles: If you're good enough, writing and editing articles for other people is an excellent way to generate income. In fact, you don't even need to write original articles to get paid—you can find ghostwriters who will take care of everything for you. Check out Fiverr for some ideas.
5) Become a moderator: As mentioned earlier, becoming a moderator on your community gives you better control over its operations. For example, moderators often get perks such as early access to events, free swag, extra cash bonuses, etc. And if you look professional, others may even ask you to moderate their own Reddit communities.
6) Get involved in Reddit AMAs: Another fun method to make money on Reddit involves participating in Reddit AMAs. These interview sessions usually happen once every few months or so, and you can either host them yourself or submit questions beforehand. Here's our list of popular ones.
7) Try selling affiliate commissions: As mentioned earlier, you can promote things on Reddit without actually owning them, simply by being affiliates. To start earning affiliate commission, go visit r/affiliatepros to learn more.
8) Use Reddit Ad Manager: With Reddit Ads Manager, you can place ads on posts with ease. Once someone clicks on an ad, you receive revenue depending on how much advertisers pay per click. It doesn't require technical knowledge, though you should be familiar with HTML coding.
9) Join affiliate programs: Joining affiliate programs on Reddit will allow you to earn additional income without having to worry about creating promotional campaigns. Some examples include Rakuten Supermarket, Best Buy, Office Depot, QuiBids, etc.
10) Earn passive income: Passive income refers to recurring payments made month after month based on previous work done. Examples of passive income includes subscription fees, rent, royalties, dividends, interest, etc.
11) Monetize videos: Video marketing is another great way to drive targeted traffic to your website. If you plan to monetize YouTube videos, you can use Google AdSense, Amazon Associates, Facebook Advertising, Twitter advertising, and Instagram advertising.
12) Make money off your photos: Photography enthusiasts can make money off of their photography skills by joining photo marketplaces such as iStockPhoto, Shutterstock, Getty Images, etc. Alternatively, you can also join stock image sites like Unsplash to showcase your photographs.
13) Work remotely: If you enjoy working remotely, freelancing on Reddit is probably something you would love to try. Visit r/remotejobsto see if remote job opportunities exist on Reddit.
14) Host webinars: Webinar hosts charge anywhere between $20-$99+ per hour for webinars. So if you manage to gather 100 attendees during a webinar, expect to make somewhere between $2000-$5000 (depends on location and number of presenters). The easiest way to set up a webinar is using Zoom.
Yes! But before you decide whether to give up your day job and dive headfirst into running your own subreddit, remember that moderating a forum comes with unique responsibilities.
First, you must ensure that everyone gets along. Second, you must enforce rules and regulations against harassment and abuse. Third, it's important for you to maintain orderliness, respectability, civility, and decorum. Fourth, you should provide feedback to members whenever necessary. Fifth, you should listen carefully to member concerns and address issues promptly. Finally, you shouldn't let trolls run rampant.
It takes years of experience to build trust among thousands of subscribers. While most people won't bother reading your comments unless they feel comfortable with you, it's crucial to show consistency---don't change policies overnight. Also, treat complaints seriously and respond accordingly.
You should always strive to improve user experiences and grow together as a team. Remember that your goal isn't just to gain subscribers, but rather to engage them actively.
There are multiple paths to wealth. Many people nowadays subscribe to the philosophy that success is achieved by hard work, perseverance, and persistence. Others believe that luck plays a significant role in determining financial success. Either way, the following strategies should prove effective for those looking to make money online.
Blogging: Blogging is still extremely profitable today. Just think about it: did Mark Zuckerberg ever blogged when he was trying to launch his company? Probably not. On top of that, blogging helps you hone your storytelling abilities while helping establish credibility. Plus, you can easily publish high quality content consistently with minimal effort thanks to WordPress.
Affiliate Marketing: Unlike blogging, affiliate marketing requires no upfront costs whatsoever. Basically, you sign up for an affiliate program on behalf of a merchant, promoting their products. Commissions vary widely depending on the industry. For example, Amazon pays 4% for physical books and digital downloads, 2.5% for electronics and video games, 3.75% for apparel, accessories, beauty, health & wellness, home improvement, travel, and services, and 0.35% for groceries and food delivery apps.
Freelancing: Freelancing allows individuals to offer their talents, time, and expertise to clients. Since you have nothing to lose by offering freelance service, you'll likely be motivated to perform exceptionally well---and thus achieve greater rewards.
Ecommerce: Ecommerce means opening an online store to sell goods and services. People tend to spend more when shopping offline than online, and eCommerce companies typically profit significantly higher margins. Therefore, setting up an ecommerce site can potentially bring in huge profits.
Online Courses: Online courses consist of downloadable materials designed to teach learners certain topics. They're similar to textbooks except they come with interactive elements that enhance learning retention rates.
Subscription Services: Subscriptions are recurring charges made for ongoing services that people can opt-into. Popular subscriptions include Netflix, Spotify Premium, TikTok Premium, Apple Music, Hulu Live TV, Kindle Unlimited, Microsoft 365, etc.
Video Streaming Platforms: Companies like Netflix and Disney+ rely heavily on streaming platforms to deliver compelling shows and movies. Other major players in this arena include HBO Max, STARZ, SHOWTIME, CBS All Access, NBC Sports Gold, AT&T TV, Pandora Premium, Sling TV, DirecTV Now, PlayStation Vue, Hulu Live TV, Roku Channel, YouTube Red, and Paramount+.
Investing: Investing entails putting your money into assets that promise future returns. Commonly known investments include stocks, bonds, commodities, real estate, venture capital, cryptocurrencies, etc.
Cryptocurrency Mining: Cryptocurrencies' value increases due to increasing demand, so mining is essential for validating transactions. Miners compete against each other to solve complex mathematical problems on blockchain networks. The winner gains reward tokens proportional to the amount of computational power used.
These are some of the simplest yet most lucrative methods to make money online. Keep in mind, however, that building success stories like Jeff Bezos took hundreds of hours of sweat and tears. Don't quit your day job until you've tried all available options thoroughly.
Websites like Swipe That Pay and Zidisha allow you to invest small amounts of money ($25 - $50) with vetted microfinance lenders. These loans range from $100-$250 USD. Over time, your earnings compound and add up. This approach makes it easier to save for larger goals like buying property or vehicles.
Other ways to make money online include investing in short-term debt instruments offered by Prosper Marketplace, CrowdSourcing, Lending Club, Funding Circle, Kiva, Kickstarter, Patreon, FluzFluz, etc.
Reddit is a huge website with more than 100 million users worldwide and counting. If you've heard about it, you must have also wondered how to make money on Reddit or where to find some good ideas for earning extra income. Well, if that's what you're looking for then we're here to help!
But first things first, let's talk about what makes Reddit so unique among all other websites out there. How exactly does one earn money through an internet-based community like Reddit? In short... by promoting your own content. And if you want to know how to make money on Reddit, these are the best ways to go about doing it.
So without further ado, here are some top ways to get started making money on Reddit.
1. Create a brand.
The easiest way to start creating value is to create your personal brand. You'll need to establish yourself as a leader within your niche. The key idea behind building a brand is consistency. Once you set up a strong presence, people will recognize you and look forward to seeing your content regularly. People generally follow brands they trust and appreciate rather than those who come across as spammy.
2. Start writing articles.
Nowadays, many people use Article Marketing strategies to promote their product/services. What better way to build credibility and authority than to write high quality original content and publish them on platforms such as Medium, LinkedIn Pulse, etc.? It works because when someone reads your article, he feels compelled to share it (or recommend it) to others via social media channels. This will eventually result in organic traffic coming into your site.
3. Join forums.
Joining communities related to your field of interest is another great strategy to grow your business. There are tons of active communities on Reddit which allow you to connect and engage with potential customers. These platforms provide a space for you to showcase your work and products to new audiences. Moreover, joining groups will help boost your reputation and increase visibility while improving search engine rankings.
4. Be social.
By interacting with other members inside relevant communities, you can gain valuable insight about your target audience's needs and wants. Also, try posting comments and questions regarding topics that pertain to your industry. Responding to questions gives you an opportunity to show off your expertise and knowledge, thus attracting more visitors to your page.
5. Use YouTube.
YouTube has become the second largest search engine after Google. So why not leverage its popularity to drive traffic to your blog? Upload videos about your topic of choice and post links at the end of each video. Make sure you add call-to action buttons at the end of every clip. When viewers click on any link, they're taken straight to your blog landing page. Here, they may opt-in to receive updates from you.
6. Build a mailing list.
A simple yet effective marketing tactic to generate leads is to collect emails from prospective buyers. To keep your subscribers engaged, send regular newsletters containing useful information pertaining to your services and offerings. You can even include discounts and promotions exclusively for newsletter holders. A mailing list allows you to stay connected with existing clients and capture new ones too.
7. Sell digital goods.
Digital goods are anything that isn't tangible but still offers value—such as ebooks, software programs, subscriptions, membership sites, and training materials. Selling digital goods provides passive income streams that don't require much time or effort. Some popular digital items sold on Amazon include photography courses, graphic design guides, and coding tutorials. While growing your subscriber base, you could offer freebies and bonuses to entice new signups.
8. Offer consulting services.
For freelancers who already possess extensive experience in their respective fields, offering consultation services can bring in massive revenue streams. Freelance consultants charge anywhere between $50-$100+ per hour depending on their level of complexity. By working with different companies, you can broaden your client portfolio and improve job satisfaction levels.
9. Host podcasts.
Podcasts are audio recordings made available for download and listening on smartphones, tablets, computers, TV sets, smartwatches, and gaming consoles. They usually contain informative interviews, discussions, lectures, and stories. Since podcast listeners tend to listen to a particular program repeatedly over several days, they often become loyal fans. Therefore, hosting podcasts can significantly enhance your exposure and visibility.
10. Write guest posts.
Writing guest posts on blogs and other similar platforms can help you attract thousands of readers. Posting on authoritative domains helps you position yourself as an expert in your chosen field. For instance, if you're a freelance writer, consider contributing to Forbes' Blog Network.
11. Sign up as influencers.
Influencer marketing refers to the practice of leveraging influential personalities to advertise a company's product. Brands hire celebrities, athletes, bloggers, journalists, and activists to endorse their products. Influencer marketing is becoming increasingly common due to its effectiveness and relatively lower cost compared to traditional advertising methods.
12. Become an affiliate marketer.
Affiliate marketers sell other people's products and earn commissions based on sales generated by their referrals. Affiliates typically display ads featuring products they refer to merchants on their websites. Commissions vary according to referral sources. Most affiliates only pay once the merchant ships the item to the customer. However, some companies compensate affiliates monthly or annually.
13. Launch a side hustle.
Starting a side gig doesn't necessarily mean quitting your day job right away. Consider starting small by sharing your passion on Instagram Stories, TikTok, Snapchat, Facebook Live, Twitter Moments, Pinterest boards, etc., and reach out to local businesses to see if you can collaborate on something bigger later on.
14. Try paid advertisement campaigns.
You can choose to run advertisements on Reddit itself using sponsored posts. Sponsored posts appear above non-promoted comments and beneath promoted comments. Promoting your product/service on Reddit requires submitting a form called "Submit". After submission, moderators review submitted links before approving them.
In addition to running promotional campaigns on Reddit itself, you can also utilize third party applications to maximize the number of clicks on your adverts. Popular apps used by advertisers include Reddit Ads Manager, Reddit Ad Manager, RevenueBuddy, RedditAdsPro, Preddito, etc.
However, remember that running advertorials takes a lot of hard work and research. Spend ample amounts of time researching various advertisment options and compare prices, performance metrics, and payment schedules.
15. Start blogging.
Blogging is essentially publishing written content on web servers. One major advantage of owning a blog is that it acts as a virtual hub for your product/services. Readers visit your blog daily hoping to learn more about your area of expertise. Hence, having a blog increases both engagement and conversion rates. Besides being lucrative, blogging also affords you the freedom to express your thoughts freely.
16. Set up shop on Etsy.
Etsy is a global marketplace connecting artisans and designers with consumers around the world. As a seller on Etsy, you can easily customize and upload designs on your own domain name. Apart from acting as a storefront, Etsy also serves as a distribution channel for your products. On average, sellers receive 70% commission on everything sold on Etsy.
17. Start teaching classes.
Teaching lessons on skillsets related to your specialty can be extremely rewarding. Plus, it provides an excellent avenue to monetize your hobby. Beginners in technology, arts, crafts, parenting, gardening, cooking, yoga, etc., can teach classes either online or locally. Alternatively, you can host workshops and seminars for established entrepreneurs.
18. Get involved in microtransactions.
Microtransaction refers to a transaction involving smaller sums of money. Instead of paying large fees for transactions, crypto exchanges charge fractions of cents instead. Thus, conducting microtransactions enables traders to save money while gaining access to markets at higher speeds. Cryptocurrency exchanges such as Coinbase, Gemini, Binance, Kraken, Bitfinex, Cointree, Poloniex, Ripple, Circle, Robinhood, etc., facilitate microtransactions.
19. Develop mobile app prototypes.
Mobile application development involves developing mobile apps. Apps serve multiple purposes including playing games, browsing the internet, sending messages, downloading music, watching movies, consuming news & entertainment, managing finances, and shopping. With millions of smartphone owners worldwide, developers now depend heavily on native iOS and Android apps.
20. Design logo graphics.
Logos play crucial roles in branding strategies. Creating logos is no easy feat. It takes years of professional training to craft eye catching concepts. Hence, hiring a proficient designer can potentially turn into a profitable career path.
21. Start selling handmade crafts.
Handmade crafts are physical products created by hand. From designing T-shirts to knitting sweaters, crafting projects involve lots of intricate processes. Considering the fact that millennials spend billions of dollars globally on purchasing artisanal creations, it seems wise to capitalize on this trend.
22. Open brick & mortar stores.
Reddit has been around since 2005 and now boasts more than 330 million daily active users — that’s about 25 percent of Americans!
The popular internet forum offers everything from funny memes and interesting discussions to inspirational quotes and life advice. But if you've only recently heard of it, then you're probably still discovering new communities like r/AMA or r/Gaming.
Most people have already learned what Reddit can offer them when used correctly. However, there are some who think they know all there is to know about the site — but not everyone knows its potential. If you want to learn how to earn money on reddit, keep reading. We'll show you which subreddits will help you get started.
Investors need to pay attention to emerging tech trends in order to maximize their returns. According to CNBC, investments in digital currency are expected to grow by an average of 723% over the next five years. In other words, investors could see potentially massive gains throughout 2022.
But before you invest your hard-earned dollars into cryptocurrencies, it's important to understand the risks involved. Bitcoin prices rose nearly 1,000 percent between 2017 and 2018 alone. And while many experts believe these extreme fluctuations were caused by speculation rather than actual value, we cannot deny that trading cryptocurrency markets is extremely risky. You may lose your entire investment overnight if things go wrong. It's also worth mentioning that most exchanges aren't regulated by any government agencies. So if something goes horribly wrong, you won't receive compensation even if you follow proper procedures.
You should avoid putting too much of your savings at stake until the market stabilizes itself. Instead of taking such high risks, you might consider focusing on safer options instead. You can start small by investing in index funds (ETFs). These types of mutual fund allow you to gain access to specific stock sectors without having to worry about day-to-day management. This way, you don't risk losing out because someone else decided where your portfolio would move.
Alternatively, you could try starting off with smaller companies through crowdfunding platforms like SeedInvest. The company claims that just one investor per month invests $1,000 or less in startups using their service. With so many opportunities available, you can find unique startup ideas anywhere on Reddit.
Once you decide on a viable path forward, you must stay focused on making progress. There are countless ways to make money online, but knowing which ones work best for you helps reduce stress during tough times. Here are two examples of successful entrepreneurs to inspire you along the way.
In 2019, entrepreneur and serial entrepreneur Michael Fertik published his book "Disrupted." One chapter focuses specifically on building a business model based on technology. He describes the mistakes he made while working on various ventures, including selling insurance door locks and car parts. Then, he shares valuable lessons he learned from each experience. His ultimate goal was to create a community called The Hackers' Club, which connects hackers with businesses seeking guidance and mentorship.
As a result, Fertik created a membership program called Hackers Wanted. Anyone interested in becoming a hacker can join for free. HWC members meet once every week via conference calls to talk about different aspects of entrepreneurship. They discuss topics like marketing strategies, product development processes, legal issues, finance, etc., among others. Members agree to share knowledge and expertise with each other. As long as they remain committed to attending weekly meetings, however, they can take advantage of special discounts provided by partner brands. In addition to the membership fee ($150), Fertik earns revenue from advertising sales.
Another example is Kyle Laughlin, founder & CEO of travel website Skift Takeover. He founded Skift Travel Group in 2008 after realizing the importance of travel influencers in driving demand and booking rates. After launching several products over time, including Skift Events and Skift Fashion, Laughlin became increasingly passionate about growing the company further. Today, the brand specializes in luxury experiences, fashion events, conferences, and entertainment tours worldwide. While running Skift, Laughlin earned an annual salary of roughly $3.5 million plus benefits.
With constant innovation, growth, and expansion looming ahead, anyone looking to build a career in tech can greatly benefit from following these trailblazers. By doing so, you can develop skills necessary to succeed later in life.
Billionaires tend to focus on certain industries in order to generate profits. Before 2020, Warren Buffet famously stated, "I am going to spend whatever amount of money it takes" on early-stage technologies. Since those statements, numerous wealthy individuals have invested billions of dollars in promising projects ranging from robotics to artificial intelligence. Below are three examples of billionaires who have put their money where their mouths are.
Mark Zuckerberg initially began Facebook Inc. as a college student back in 2004. Nowadays, he serves as the company's chairman & chief executive officer. During his tenure, Zuck has led Facebook to become the world's largest social media network. Despite criticisms regarding privacy policies and data security concerns, he continues to expand the scope of Facebook's services globally. Forbes estimates that Mark Zuckerberg personally owns approximately 0.13 percent of Facebook. Following his lead, Bill Gates joined Facebook's board of directors in 2016. At present, Microsoft co-founder Paul Allen owns 4 percent of the company. Jeff Bezos, meanwhile, is the richest person in modern history according to Bloomberg and Amazon.com founder. He currently holds a 10.6 percent stake in the e-commerce giant.
Warren Buffett, arguably the most respected billionaire alive today, first gained notoriety thanks to Berkshire Hathaway BRKa.BY. Currently, he sits atop the list of wealthiest Americans, boasting a net worth of $84 billion. Like many other billionaires, Buffett believes in providing quality education to children across America. To achieve this, he established a foundation known as the Giving Pledge in 2012. Named after his father, Orville Freeman Buffett Sr., the pledge requires philanthropists to donate half of their fortunes to charitable causes. For instance, Mr. Buffett donated $2 billion to Susan G. Komen for the Cure in 2013. Last year, he pledged another $10 billion towards fighting hunger and poverty. Alongside his wife, Melinda, Buffett launched 60 Minutes of Reading earlier this year, which aims to improve literacy levels amongst kids aged six to 12.
Become CEO of your own lead generation software company, just follow our battle-tested guidelines and rake in the profits.