In the present times, social media platforms have become the part and parcel of our lives. We not only like these platforms but have become highly dependent on them in many ways.
We need to share a picture, video, or text, we are dependent on WhatsApp. Instagram is there to keep us entertained with its reels and more. YouTube is what saves us when we need to understand the know-how of anything virtually.
Besides all this, people are now becoming aware and familiar with an important concept. This is that these platforms can also help us earn for real. We all are witnessing the content creators and how they are earning so well from social media.
But when people talk about earning through these platforms WhatsApp’s name is usually kept at the bottom. This can be due to a lack of awareness or too much attention given to the other platforms.
If you are someone who uses the application then you must already know about the groups. These groups refer to a collection of people who can chat and share things with each other.
You can simply invite people to add them to your group. It helps you to share something in a go instead of sending it individually to every person.
One thing to note is that there is an official limit to the number of members you can add to a WhatsApp group. It is up to 256 people. So, if you want to add more people you can create multiple groups.
The groups on our WhatsApp are not only meant to maintain connections. These groups can be a blessing if we start using them in the right sense. In fact, we can monetize these groups in many ways.
How Can You Monetize Your WhatsApp Group?
- Monetize with Affiliate Marketing
- Monetize By Launching Your Products or Courses
- Grow Your Audience and Monetize
- Monetize By Driving More Traffic to Your Blog
- Monetize By Selling Study Notes
- Monetize with The Help of Meesho
- Monetize With WhatsApp Newsletters
WhatsApp’s New ‘Communities’ Feature on The Way to Help
How Can You Monetize Your WhatsApp Group?
Today is the time when people try to look for maximum opportunities in which they can make money. People tend to take their WhatsApp groups and their members quite for granted. Little do they understand that they can utilize these groups to their advantage and make some extra money.
Here are some ways in which you can monetize your WhatsApp group:
Monetize with Affiliate Marketing
The first and foremost way in which you can monetize your WhatsApp group is through affiliate marketing. It is a kind of marketing where one gets certain compensation for promoting a product or service of another person or company.
You can not only do affiliate marketing through Instagram and YouTube but also through your WhatsApp group. It can be done in ways like:
Pay Per Sale:
In this method, you can get yourself registered with a company or person that wants to sell something. You can select certain products that you think your group members would like. After that, you can copy the product’s link and share it with the group. You will be able to earn a commission when anyone buys the product through your link.
Pay Per Click (PPC):
There is no dearth of online content. In this method, you should find the content that you think will be liked by your WhatsApp groups members. Then get the URL of the webpage. After that, you need to make use of paid URL shortening services like Shrtly, Shorte.st, and more. Using PPC on the whatsApp group will help to reduce the length of the link. Once you get this link, you can share it with your group. So, when someone will click on that link, you will be able to earn from it.
It also includes Pay Per Download, App referrals, and more.
Monetize By Launching Your Products or Courses
Another great way to monetize your WhatsApp group is by launching your own products or courses. The members of your group are more likely to be your knowns. This means there is a better chance of them supporting you in your endeavors.
Products:
If you are starting a new business, you can share your products along with prices and descriptions in your groups. Depending upon people’s interests, you can share products and also take orders. For e.g. If You make homemade beauty jars and you think your group member might be interested in them, you can launch it there and earn your very first clients. In this case, always remember to be responsive to the people’s queries.
You can create different groups to sell different niches of products. It will help to attract genuine buyers in a better way.
Courses:
If you are good at any subject or skill you can create your own course. But when you create it, it is not easy to attract buyers for it. So, if you feel there are some people that might benefit from your course, you can share it with the group. In this way, you might be able to bag your early customers via your WhatsApp group.
Abinaya Arangarajan
Grow Your Audience and Monetize
In today’s time, having an audience by your side is the biggest asset. A WhatsApp group can help you grow your audience from one group to another. The more the people better are the chances for monetization. Your groups can help you gain an audience, followers, and subscribers for other platforms as well.
YouTube Channel:
It is the most popular social media platform that allows people to share and watch videos. If you have a channel on YouTube, you can share its link on your WhatsApp group. In this way, you might earn new subscribers that will ultimately help you to earn more audience and thus, more money.
Instagram:
This picture and video sharing platform has become the favorite social media platform for all. Your WhatsApp group is more likely to consist of people who know you. So, sharing your insta handle in the group can definitely help you earn some new followers. We all know now that having a great audience on Instagram makes you the most suitable choice for brands and collaborations.
It is not necessary that every person in your group is going to follow you. Yet, it is always better to try and gain a few more rather than none.
Monetize By Driving More Traffic to Your Blog
If you are someone who writes blogs then the WhatsApp groups can be of great help. Whenever you come up with your new blog, all you have to do is share its link on your WhatsApp group. Remember to share the blogs as per people’s preferences and be interactive with the members of the groups even at the time when you do not share a blog. This will build up their interest and help you to earn loyal viewers.
This way, your WhatsApp groups can help you to monetize your blog.
Annika Motamarri
Monetize By Selling Study Notes
The importance of online notes has increased to a great extent since the pandemic. So, if there are students in your WhatsApp group, you can create pdfs of study notes and share them. For these pdfs you can charge a specific amount from the members of the group. You can also add advertisements to your pdfs. In this way, you will be able to earn a nominal amount through the pay-per-click method.
Monetize with The Help of Meesho
It is a popular social e-commerce startup in India. From kitchen items to fashion, it offers a great variety of products. It is not only a great platform to shop but also allows people to trade products from home. We all have WhatsApp groups on our phones, be it of our friends, family, or work friends.
So, by understanding their interests and demands, you can browse the Meesho app and select products from there. After that, you can share those products along with descriptions and prices in the group. If someone is interested in buying, you can place an order to their address and add your profit margin in the app itself. This is a great way for you to monetize your WhatsApp group easily.
Monetize With WhatsApp Newsletters
Newsletters are one of the most popular tools of marketing. It allows you to share your content with people, drive traffic to your site, and benefits sales. These are usually sent over the e-mails. But it has been observed to be quite ineffective. As most people receive it in a spam folder, ignore it, or delete it.
WhatsApp newsletters mean having people subscribe to your newsletter via phone numbers. Here you can share your newsletters in a short and concise manner. Remember not to cluster your group with too many newsletters a day.
Whether you want to share newsletters as a person or a company, using WhatsApp groups can help you monetize in a way that email newsletters will not be much effective at.
Here a great example is YourStory.com. It is known for its stories about startups, entrepreneurs, funding analysis, and more. It is one of the largest media tech companies in India. The company was able to understand the importance of groups on WhatsApp. In tune with this, they started their official WhatsApp group to give the latest startup ecosystem updates.
In this way, it was able to interact with more people, derive more traffic to its site, and thus, better monetization.
WhatsApp’s New ‘Communities’ Feature on The Way to Help
On 14th April 2022, WhatsApp announced that it will be rolling out a new feature, ‘Communities’. This feature will enable people to bring separate groups together under one community. Mark Zuckerberg explained this with an example that in addition to individual groups for different classes, you might have one overall community for parents at school with a central place for announcements and tools for admins.
So, with the coming of this new feature, you will be able to manage and organize different WhatsApp groups easily. You will be able to have better access to different groups and thus, more scope for better monetization.
Conclusion
The above-mentioned are the ways in which you can monetize your WhatsApp group. You can share your products, and links, build an audience, and more.
But along with this, there is a very simple yet forgotten tip to keep in mind. This is to always stay interactive. Just like other social media platforms, it is important that you stay connected with your group's members. If you only keep on sharing your stuff with the group, it can create boredom among the members.
So, having a certain amount of regular interaction will not only help you to keep your members intact but also monetize in a better way.
FAQs
Can WhatsApp be used to make money.
Yes, there are various ways to make money on WhatsApp.
How can you monetize WhatsApp group?
WhatsApp group can be monetized by many ways as listed below:
- Monetize with Affiliate Marketing
- Monetize By Launching Your Products or Courses
- Grow Your Audience and Monetize
- Monetize By Driving More Traffic to Your Blog
- Monetize By Selling Study Notes
- Monetize with The Help of Meesho
- Monetize With WhatsApp Newsletters
How do you get more views on WhatsApp?
To increase WhatsApp status views, you need to get more people to save your contact on their phone and saving their contact on your phone.
Can a WhatsApp Group have more than 256 members?
Yes, using “Invite via link" option, you can add over 256 members to a group.
Source :- https://startuptalky.com/ Author :- Muskaan Kapoor Date :-April 18, 2022 at 01:12PM