How Social Media Is Helping Us Save Money
You will find hundreds of articles on how social media has changed the world of marketing. With more and more businesses going online, the importance of social media is on a constant rise and it is also one of the most written and researched topics on the web. However, not many people talk about the financial aspect of it.
In this article, we’re going to talk about the financial benefits of social media. We all know how we can use it to make money, but do we know how it’s helping us save money? Let’s find out:
1. Find Coupons and Promotions
Social media can help you stay up-to-date with the latest promotions. This way, you get to avail discounts just as they become available. Subscribing to newsletters can be a pain, however, ads or promotions on a social media page typically do not go neglected.
Many big companies offer regular discounts to their customers, some online stores like Vape Store even have discounts only for social media users. This gives users an opportunity to buy at discounted rates and save money.
It’s quite easy to search for discounts on social media thanks to hashtags. Just search and you will get your desired results.
2. Get a Daily Dose of Entertainment
According to an article published in Forbes, social media is one of the main reasons why so many people are cutting the cord.
This is largely because social media has proven to be a great distraction as it doesn’t only hold your interest, but also allows you to get entertained by listening to music, watching movies, etc.
You can find full shows uploaded on social media platforms like YouTube and Facebook. While some of them are illegal, many official production houses are now also uploading original content on the web to attract viewers since it is a nice way to earn some revenue online.
2. No Need to Subscribe To Services
Social media removes the need to subscribe to several subscription-based services as you can get access to tons of information online.
For example, you can do without having to register on job portals since LinkedIn can help you meet future employers. LinkedIn is a business platform that helps brings employers and employees closer. In addition to this, even other social media tools like Facebook and Twitter are now being used by companies for hiring purposes.
You can like a business’s official page to get the latest updates on hiring or join a relevant group to stay in the news.
4. Sell Things Faster and for Free
Social media can help you sell anything and everything. Now there is no need to make an account on different websites and share your profit to be able to make a sell.
All you have to do is make a post and let people know. To increase your chances of getting prospective buyers, make sure to put the post on public and request your friends to share it so that you can get more eyeballs. Moreover, join relevant pages or groups for this purpose as well.
When you sell something on social media, you do not have to share the revenue with anyone allowing you to keep all your earning.
5. Save Marketing Money
Advertising on social media platforms is a lot cheaper than other alternatives. Even if you are spending more money on ads, your ROI is typically higher which means the return on each dollar spent is more, allowing you to gain more money, i.e: save expenditure.
In addition to this, it is also very easy to advertise on platforms like Facebook, Instagram, and Twitter. You do not need tonnes of knowledge to set-up ads, removing the need to pay to a third-party as you can handle the job on your own. At the end of the day, you are saving a lot of money and making more profit.
Social media has indeed changed how we live our lives. Today’s generation is so used to being on social media, they cannot imagine a life without it. They get their updates through it, they use social media to stay in touch with friends and now they’re even using it to make and save money.
Digital Transformation is one of the leading topics in business today. Check out Erik Qualman, keynote speaker, for your next conference!