Reddit is one of the biggest and most popular forums online. With over 500 million monthly active users, it’s the place where people go to share content, discover new things, and connect with others. Launched in 2005, Reddit is the 4th most visited website in the world, just behind Wikipedia, Facebook, and YouTube. With so much popularity, you might be wondering how you can make money from a subreddit (subforum). You can become a contributor and earn revenue from the content you create based on the amount of engagement you get on your posts.
In this article, we’ll tell you exactly how to make money on Reddit in 4 ways.
1. Build a community.
One of the best things about Reddit is that it offers a perfect opportunity to engage with a huge audience. Whether you’re passionate about fashion, lifestyle, food, travel, or entertainment, you can start a subreddit and engage with your audience on a daily basis. You can use tools like Hootsuite to connect with people who share your interests and drive traffic to your site.
Think of all the valuable information you can provide to people based on your expertise. You can use your knowledge of fashion, style, and lifestyle to start a fashion-related subreddit and publish content regularly. If you’re an expert cook, you can create a recipe forum and share your culinary skills with the world. If you love to travel, why not create a travel-related subreddit and share your experiences with others?
As a contributor on Reddit, you can reach out to interested parties (users) in your industry and tell them about your experiences, what works for you, and what doesn’t. Through this, you can become an expert in your specific niche and form a community of passionate individuals who are also looking to contribute and grow.
2. Generate passive income.
One of the things that makes Reddit attractive to me is that I can contribute and get paid without having to run a massive online business. Thanks to affiliate marketing and a little bit of luck, I was able to create a passive income stream online that currently earns me around $500 per month. What is affiliate marketing you ask?
If you’re not familiar, affiliate marketing is a type of digital marketing in which you promote products (mostly digital or online products) on your website, social media accounts, and emails, in hopes of earning a commission when someone clicks, buys, or signs up for a service because of your efforts.
I want to personally thank my good friend Mark Henry for suggesting this revenue stream and helping me to build my first website back in 2012. At that time, I had absolutely no experience or knowledge in building websites, but I followed Mark’s advice and built a simple blog around a fictional character named Mickey McMeekin. In the beginning, I didn’t get paid a single penny for this blog, but as time went on, it started earning me around $500 per month from affiliate sales alone.
At the time, I was making around $25,000 per year as a copywriter, but my income dropped to $13,500 per year as a results of the economic downturn. Since then, I’ve experimented with different methods of generating income from a website and YouTube channel, and finally found a formula that consistently brings in revenue.
The way I see it, if I can encourage just a few people to click a link or buy a product that’s relevant to what they are reading/watching, then I’ve succeeded in creating a passive income stream. Over the years, this method has allowed me to put away a small amount of money each month, which I could then use to pay off my regular expenses or fund my next big purchase.
3. Start a side-hustle.
If you’re an expert in a certain subject or have a special talent or hobby that you could monetize, why not try & see if you can make some extra money on the side? As a kid, I always loved to draw and paint, but never had the confidence or tools to be able to develop my talent. Thanks to YouTube, TikTok, and a few generous friends who believed in me, I was finally able to develop my talents and create artwork that I’m extremely proud of. If you’re looking for a way to make money online, why not consider pursuing your creative hobbies and turning them into a profitable business?
There are many ways to earn money online, but you need to be prepared to put in the work to be able to create a sustainable source of income. If you’re looking for a way to create passive income, you can start a blog or website around a hobby or talent you’ve had for years. You can use affiliate marketing to promote relevant products and services to people who are interested in your niche. If you’re looking to make a quick buck, you can try & see if you can get paid to transcribe audio recordings into text. Just remember that not all hobbies and talents will be easy to monetize, so you might need to try a few different ways to earn money before you find what works best for you.
4. Start a membership site.
If you’re looking to make money online, why not consider creating a membership site? As a member of a few sports clubs in my youth, I became really friendly with the people who worked at the front desk. When the site was mentioned, I’d often hear “Oh, I should’ve known” followed by an explanation of how the site worked. In a nutshell, a membership site is where you promote products (mostly digital or online products) and earn revenue through memberships (plans) or sales of those products.
In return for signing up, you get access to a variety of content, normally reserved for paying subscribers. This could include anything from blogs, podcasts, and eBooks. You can use this to build a sizable audience and then use your platform to promote products that you find relevant and fascinating. You want to avoid getting too commercial, though. Try and keep your audience engaged through interesting content that’ll make them want to subscribe.
There are many ways to make money on Reddit, but you need to be prepared to put in the work to be able to create a sustainable source of income. If you’re looking to make money online, you can start a blog or website around a hobby or talent you’ve had for years. You can use affiliate marketing to promote relevant products and services to people who are interested in your niche. If you’re looking to make a quick buck, you can try & see if you can get paid to transcribe audio recordings into text. Just remember that not all hobbies and talents will be easy to monetize, so you might need to try a few different ways to earn money before you find what works best for you.