Reddit is one of the biggest and most popular websites in the world. It was founded in 2005 and currently boasts over a billion active monthly users. One of the largest discussion forums of all time, Reddit is a great place to grow an audience and make money from videos.
If you have a significant audience on Reddit, you can leverage this base to make money from ads. Just remember, while Reddit is a free platform, getting verified on the site can be monetized through affiliate marketing or ads. You can also create virtual currency through Reddit, called ReddCoin.
Let’s get into how to make money on Reddit.
Find Your Niche
One of the best things about Reddit is how various niche communities have formed around interest topics like cryptocurrency, fitness and health, gaming, and more. If you can find a community that relates to your niche area and has a lot of members, you can find a way to monetize content.
For example, if you have a YouTube channel about video games and you’re a big fan of League of Legends, you can probably find a community of League of Legends players who are also eager to learn more about games.
As a content creator, if you can connect with a community and earn their trust, you can grow a sizeable audience and make money from your channel. When they see value in your content, they will subscribe to your channel and potentially even purchase your affiliate products.
Build An Audience
The best way to make money on Reddit is to simply upload videos that discuss niche subjects and build a community around them. Just remember that you should only upload videos that you actually think are good. Trying to “game” the system by uploading terrible footage won’t earn you much respect from the community.
If you’re looking to make quick cash on the side, you can take advantage of Reddit’s user bases and engage with people who have similar interests. Just remember that your primary objective should be to earn the respect of your audience by providing high-quality content that they value. When they see you’ve put in the effort to provide value, they will be more inclined to believe your offers and interact with you further.
Monetizing Through Affiliate Marketing
If you don’t want to limit yourself to hosting videos on Reddit, you can take advantage of the site’s massive community to earn money selling other people’s products. Just remember that this won’t provide you with a steady income and you should only do this as a side gig or in addition to your regular job.
There are several ways to make money through affiliate marketing on Reddit. For example, you can promote and earn commissions from products related to your niche, such as gaming systems, clothing, or food. You can also promote products that are relevant to the subreddit you found your audience on.
You should look to affiliate marketing as a way to make extra cash because there are several methods available and little to no risk involved. This is one of the safer ways to make money online.
Offer Virtual Goods
Another way to make money on Reddit is to offer your users virtual goods. For example, if you’re a fashion YouTuber and you upload a video discussing the best pieces of fashion seen so far this year, you can give your audience a small taste of what they’ve been missing. Simply put, this is where you put the products or services that you’re promoting and earn compensation when someone clicks a link or buys a product that’s promoted in a video.
Offering virtual goods is a quick way to make money on Reddit because you won’t need to worry about hosting a video or attracting an audience. Simply create a blog post about your topic and include a product or service that your audience may find valuable. When they click a link to learn more or purchase an item, you earn a small commission.
Create a Subscription-Based Service
If none of the above seem like a fit, you can take a different approach and create a subscription-based service. With this strategy, you can utilize platforms like Patreon to connect with and engage with your audience. When you have a significant audience, you can let them know when new content is available and earn a small commission when they subscribe.
Patreon is a great option for anyone who wants to create a subscription-based service because it gives you the ability to interact with your audience through various incentives. For example, you can give your patrons exclusive content, host meetups and panels, and provide them with merchandise related to your channel.
Creating a subscription-based service is a little more complicated than the previous approaches, but you won’t have to worry about finding a niche or going viral to make money. Simply connect with your audience, get them to subscribe, and begin earning a commission on each new subscriber you get.
Make Money Through Advertorials
If none of the above seem like a fit, you can take a completely different approach and put ads on your videos’ pages or in the videos’ description. The money from ads is usually a one-time fee and there’s no need to build an audience to make money this way.
Trying to game the system and maximize your earnings through ads will likely get you banned from the platform. Simply find relevant and interesting ads that will engage your audience and you will have no problems generating a bit of cash flow.
There are several different methods to monetize videos on Reddit, but finding a way to make money will depend on your specific niche and audience. Remember to be creative and find different ways to make money as long as you’re not hurting anyone along the way. If you’re looking for a safe and reliable way to make money online, you can’t go wrong with one of the above mentioned methods.