Under The Influence
Money Magazine Australia|May 2019

Whether you’re marketing a product or yourself online, these strategies can harness the power of social media to make money.

Nicola Moras
Under The Influence

Whether you’re starting out in business, building a side hustle or expanding an already successful business, you can leverage the power of social media.

Becoming an influencer in your own right isn’t difficult. You can build a strong presence, and use “influencer marketing” strategies to cash in on the ever-growing number of people spending more and more time (and money) on social media, when you follow these three steps.

1 Decision

You’ve got to decide what it is that you want to sell online – be it a physical product or even yourself as an influencer.

There are two main things to be aware of in the decision-making phase.

The first is to find something that you want to sell and that you know is needed. If it’s something you’re also passionate about, that is even better! And if it’s “Brand You” you want to sell (in other words, you become an influencer), then social media is the way to go.

Once you have made that decision, it’s important to then choose the specific audience you want to sell this to.

If, for example, you have seen the rise in the popularity of soy candles and you know there is a market for them, you would then double down on the next steps, making soy candles the hero of all of your social media efforts.

You could share the life of a soy candle from concept to production to retail to the home. You may have decided that the people who buy these candles are women who love to decorate their home and have it well scented at all times. They love the fact that the candles are made of soy wax and don’t contain even a hint of petroleum.

Esta historia es de la edición May 2019 de Money Magazine Australia.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición May 2019 de Money Magazine Australia.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE MONEY MAGAZINE AUSTRALIAVer todo
An outrageous, beautiful monopoly
Money Magazine Australia

An outrageous, beautiful monopoly

Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.

time-read
4 minutos  |
July 2024
Drop the anchor to judge value
Money Magazine Australia

Drop the anchor to judge value

Buying and selling decisions should be based on where a stock price is going, not where it has been.

time-read
3 minutos  |
July 2024
Powering the AI boom
Money Magazine Australia

Powering the AI boom

Beyond the software and chipmakers, where will the energy come from?

time-read
3 minutos  |
July 2024
Get into life
Money Magazine Australia

Get into life

Tucked inside super are products that can protect you from life's inevitable uncertainties.

time-read
5 minutos  |
July 2024
Paths to home ownership
Money Magazine Australia

Paths to home ownership

Taking the road less travelled can sometimes deliver unexpected benefits.

time-read
5 minutos  |
July 2024
Sold! Quick ways to add value
Money Magazine Australia

Sold! Quick ways to add value

Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.

time-read
5 minutos  |
July 2024
Money lessons the kids need to know
Money Magazine Australia

Money lessons the kids need to know

Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.

time-read
4 minutos  |
July 2024
Property-investing rules: are they likely to change?
Money Magazine Australia

Property-investing rules: are they likely to change?

The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.

time-read
3 minutos  |
July 2024
What's love got to do with it?
Money Magazine Australia

What's love got to do with it?

A rollercoaster of emotions could be driving poor crypto behaviour.

time-read
3 minutos  |
July 2024
Are we ready to be cash-free?
Money Magazine Australia

Are we ready to be cash-free?

Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.

time-read
2 minutos  |
July 2024