HOW MUCH MONEY DO I MAKE ON SOCIAL MEDIA | 10 YEARS OF PROGRESS.

Introduction

This tutorial outlines how to evaluate earnings from social media platforms, based on insights shared by El Estepario Siberiano in a ten-year progress overview. By understanding the financial aspects of platforms like TikTok, Instagram, and YouTube, you can better navigate your own social media journey and potentially increase your income.

Step 1: Understanding the Math Behind Earnings

• Break down your earnings by platform.
• Create a spreadsheet to track income from each source.
• Consider factors such as:
  • Monthly followers or subscribers.
  • Engagement rates (likes, comments, shares).
  • Average earnings per view or interaction.

Step 2: Evaluating TikTok Earnings

• Analyze your TikTok performance.
• Consider the following metrics:
  • Number of views and likes.
  • Collaborations with brands.
• Potential earnings can vary widely; understand how to monetize through sponsored content.

Step 3: Assessing Instagram Income

• Look at your Instagram statistics.
• Focus on:
  • Engagement rates (likes and comments).
  • The effectiveness of sponsored posts.
• Use Instagram’s analytics tools to evaluate follower growth and interaction.

Step 4: Calculating YouTube Revenue

• Review your YouTube channel metrics.
• Key components include:
  • Ad revenue (based on views and CPM rates).
  • Sponsorships and merchandise sales.
• Keep track of your video performance to identify trends.

Step 5: Accounting for Taxes

• Understand the tax implications of your earnings.
• Keep detailed records of all income sources.
• Consult with a tax professional to ensure compliance and optimize deductions.

Step 6: Exploring Additional Revenue Streams

• Consider potential partnerships with:
  • Bands for collaborations.
  • Brands for sponsored content.
• Explore the feasibility of creating merchandise to supplement income.

Step 7: Seeking Advice and Learning

• Engage with fellow creators for insights.
• Join online courses or communities focused on social media growth.
• Stay updated on trends and platform changes that may affect earnings.

Conclusion

By systematically evaluating your earnings across different social media platforms, you can gain a clearer picture of your financial landscape. Focus on key metrics, understand tax implications, and explore additional revenue streams to maximize your potential. Take actionable steps today to enhance your social media strategy and financial success.