Becoming an influencer seems to be the dream of a majority of people these days. But too many of them don’t realize just how much time and money goes into becoming a successful influencer. They believe that they can just keep posting content and money will start rolling in. But this isn’t the case.
To become a successful influencer you need to invest in yourself and your content. Marketing, technology, buying followers, costumes, software, props. The list of expenses goes on and on. So, if you’re planning on making it as an influencer you will need to build up a solid foundation of funds to kickstart your career. And, more importantly, to support you in the times where your content isn’t bringing in enough money.
Below we will highlight a few easy and effective methods of bringing in additional finances. We will be focusing on income streams that are designed to be conducted alongside your regular job. And, in theory, they can be continued once you are a full-time influencer too.
Selling Second Hand Clothing
People are growing weary of the fashion industry. With fast fashion being one of the biggest contributors to global CO2 emissions and users of sweatshops abroad. Which means the second hand clothing market has been booming in recent years. Which makes it a prime way to bring in some extra income.
You likely already have a vast amount of stock at your disposal. Old outfits and shoes that you have outgrown or simply don’t wear anymore. As long as they are clean and in good condition you could make a fair bit of money from them.
But you could take it a step further. Hitting up charity shops and thrift stores to find cheap clothes and then sell them online for a slight markup. There are already plenty of second hand clothing platforms online that you can use like Vinted. Once your influencer career has kicked off you could even look at selling older costumes you don’t need anymore.
Forex Trading
Foreign Exchange Trading, often called Forex Trading, is a fantastic way to create passive income that can help support you throughout your whole life. The type of trading you will be doing is called proprietary trading. Or prop trading. The main difference is that you will be using your own capital as opposed to capital provided by a client.
The easiest way to go about getting started in Forex prop trading is by joining a trading firm. These firms will offer you in depth training and provide you with achievable goals and a good support network made up of veteran traders. If possible we recommend you start forex prop trading with $5k so that you can make some serious deals and have a good buffer zone to work with.
If you are planning to start Forex trading then we highly recommend you start doing a lot of independent research into the global currency market and other types of trading. Information is power in this game. So learning as much as you can will only help you to earn more money.
Sponsored Content
One of the main ways influencers earn money is through sponsorships. You will have seen a majority of the biggest influencers sporting various clothing brands or talking about their favorite new drinks. Most of the time they are doing this because they are being paid to.
Getting a sponsorship isn’t as difficult as it used to be. A lot of smaller companies are constantly paying YouTubers and new influencers to promote their products. A good place to start is by watching other content creators and seeing what companies are sponsoring them. Then, get in touch with that company and offer your services.
You will need to have established a bit of a following on social media for this to work. But, if you’re struggling to bring in new viewers, you should consider buying followers. This is a solid investment idea as it will help your page stay in people’s feeds and will gradually increase your natural follower count too.
Paid Editing
If you know your way around editing software then you could easily make a bit of extra money by offering your services as a freelance editor. There are thousands of new content creators who are looking for someone to edit their content. And there are very few freelance editors who can provide a cheap and efficient service.
At the start I recommend trying to undercut the prices of your competition. Just so you can start building your reputation a bit. Once you become more known in the content creator community you can start to increase your prices a bit.