4 Ways to Make Money and Save Time on Social Media


I know a lot of you are still avoiding the social media game. Maybe you have no interest in Facebook, and don’t see the point of Twitter. You might not have even put up a complete summary up on LinkedIn as a business professional.

But here are some things that might make you reconsider your stance on social media. You can use social media to make money—or to save time, and time is money! Some smart money moves can help you run your business smarter on social media.

Making and Saving Money

  • Coupons and Deals. First off, you can save money yourself by following people on social media who specialize in being frugal and sharing all kinds of deals, savings ideas, and coupons. And then you can also use your own social channels to share special offers. If you’re responding to someone else’s offer, wouldn’t there be people who would have a similar response to your own offer?
  • Referrals. When you’re on social media, it’s easier than ever to reach out to the people you know and get a recommendation for solving a problem you have. Whenever you have a need, you can simply ask your friends, and before you know it you’ll have a whole set of responses and links that should give you some trustworthy, reliable solutions, saving not only money but also time.

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Saving Time

  • Newsfeeds. A good newsfeed app will help you stay up to date on news that’s relevant to your business. Apps like Flipboard let you set up customized feeds, prioritized so that the information you want most is always easily accessible. These tools help you save time by consolidating all your reading into one place; the information all comes right to you, instead of you having to go out and look for it in any of a dozen places.
  • Traffic. No business owner likes being stuck in traffic. Every minute sitting on the road going nowhere is a minute you’re not working on and in your business. With apps like Waze—or even just information on major social media sites—you can avoid traffic. Last year, when Atlanta had its Snowmageddon, I just stayed at my office because my resources all told me to stay off the road.

These are just a few of my smart money tips to help you make money and save time using social media. Do you have any other tips for getting the most out of social media?

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Ted Jenkin

Ted Jenkin

Ted Jenkin, is co-CEO and Founder of oXYGen Financial www.oxygenfinancial.net and is a top ranked personal finance blogger at www.yoursmartmoneymoves.com. He is also a weekly contributor to the Wall Street Journal. Request a FREE, no obligation consultation: www.oxygenfinancial.net. Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. Kestra IS and Kestra AS are not affiliated with any other entity listed. www.finra.org and www.sipc.org.