Just like Instagram, Youtube and other social networks, Sharechat also lets people earn money on the platform. Below we have discussed six methods using which you can also reap the benefit.
Unlike others, Sharechat provides more reach to the content shared on the platform and can quickly get you substantial views on every post even if you do not have a single subscriber and get the money ball rolling.
All you need to do is first decide on a niche for your content so that you don’t get distracted. It is always wise to decide on a topic with which you are already familiar so that your engagement with the audience is much more enjoyable.
Some popular content-creating classes for the videos are educational, motivational, fashion, sports, tips and tricks amongst others. Once you’ve decided on a niche, here are five different ways to earn money from Sharechat.
Also read: How to take screenshots in ShareChat?
5 ways to make money on ShareChat?
Refer and Earn
Well, most of you may already be aware of this method — common among apps — to refer the media to friends and family in return for money or in-app points.
Sharechat also offers money for sending download invites to friends and acquaintances.
If someone downloads and registers to the platform using your referral link, you will get up to INR 40.
One person can send a maximum of 20,000 referral invitations in 30 days span, which means the maximum revenue you can gain from this method in a month is INR 80,000.
Users get their referral money in the form of ‘Lifafa’ in the award section of the application. For the first two referrals, you will get an additional Gold Lifafa, which enters you into a lottery with the prize money of INR 1 lakh.
Here’s how to find and share the referral link in Sharechat.
- Click on the Profile icon at the top right corner of the Sharechat app.
- Tap on the three horizontal line (hamburger menu) at the top right corner of the screen.
- Now from the drop-down menu click on the Refer and Earn option.
- On the next window tap the Whatsapp icon button or the Share link icon button at the bottom of the screen.
- If you clicked on the share link icon button, then you are required to choose the preferred media from the prompt list to share the referral code.
- Then follow the on-screen instructions.
Also read: How to change the language in ShareChat?
If you have an influential following on the platform or are actively working to build one, you should know that having a big following can help you earn money through paid promotions.
You can promote brands or products on the platform by formulating a contract and negotiating the fees according to your reach and brand value.
Champion Program is a creator-centric initiative by Sharechat to encourage users to make informative and fun clips. To join the Champions program the users first need to make five original and entertaining videos using the Sharechat camera.
Within a few days of uploading the five videos, a star icon will start displaying on your profile. Clicking on this icon will get you entry to the leader board from which you can participate in the competition.
The star icon will only show if you have made creative and unique videos that were not only liked by your subscribers but also by the Sharechat event organiser team.
Once you are selected you can continue to make more videos using the in-app camera and as your videos get popular, your ranking on the leaderboard will go up. At the end of the month, if your weekly ranking is among the top five, you will be rewarded accordingly.
You can earn up to INR 50,000 competing in the Champions program.
Also read: How to delete ShareChat messages?
Commission-based affiliate marketing is another common revenue stream online. Numerous vloggers and bloggers use it to earn money. You can also find countless web pages where people review different products and then share links for the readers or viewers to buy the product.
The same can be done on Sharechat by generating a custom affiliate link for any product you want to promote. When someone reaches the site from your link and buys the product you get a commission.
Remember the commission varies by websites and products.
Product reselling is a way of starting your own business without hoarding the product. It is also a great way for part-time income for students or employed people.
A reseller is a person who purchases products from manufacturers or retailers and then sells them to their customers with a profitable margin.
If you already have a small business in place or have contacts with wholesalers then this method can be of great use. You can simply ask such a wholesaler to provide you with a portfolio of the products that you can share on your Sharechat profile.
You can use DMs to contact and negotiate the deal on the platform and then place the order on their behalf to the wholesaler while earning in between.
Also, if you do not want to leave the comfort of your house in search of a wholesaler you can find an alternative to this by opening a profile on Glowroad or Meesho e-commerce stores.
Also read: How to download videos from ShareChat?
Reader, Writer, Lawyer, Horse Rider. Vishal thinks he’s funny, unless you beer him; then he’s actually funny!