Could Your Business Make Money on the New Threads App?

Social media has revolutionized the way we communicate, do business, and live our lives. There are approximately 5 billion people worldwide who use social media. Social media has also revolutionized the way businesses interact with their customers and reach new audiences. 

Not only do social media platforms provide a space for businesses to connect with their followers, they also provide an opportunity for businesses to monetize their social media presence. 

Instagram, one of the leading platforms, recently introduced Threads -- a text-based counterpart to Meta's popular photo-sharing platform. Here's how the app works and how businesses can monetize the fast growing app.

What is Threads?

Threads, a new app from Meta, the parent company of Facebook, Instagram, and WhatsApp, is a platform similar to Twitter. Users can engage in real-time conversations through text-based posts, photos, and videos. 

Messages posted to Threads are limited to 500 characters, allowing for concise and focused communication. The app takes inspiration from Instagram's aesthetic and navigation system, while also providing the ability to seamlessly share posts from Threads to Instagram Stories. 

Threads has gained significant traction in its first week of launch. According to data released by the company, over 100 million users have already signed up for the platform. Moreover, among these users are several prominent accounts, including not only brands but also celebrities and journalists. 

How can businesses make money with Threads?

Similar to other social media sites like Twitter, there are several ways you can make money with this app. The first step to making money from Threads is having a strong profile. A strong profile will not only increase your credibility, but it also enhances your chances of making money. 

Businesses can use Threads to share real-time updates with their customers. For example, if you own a restaurant and you've just rolled out a new menu, you could use Threads to share pictures of the dishes or a video of the chef making them.

Another way businesses can use Threads is by joining public conversations and engaging with their customers. Threads works similarly to Twitter, in that you can join conversations based on the topics that interest you. 

So, if your business specializes in sustainable fashion, you could join conversations about environmentalism and eco-fashion. This can help you build your brand and connect with your target audience.

Threads is currently being developed for compatibility with other social networks. This means that businesses could potentially use Threads to gain exposure on other platforms. For example, if you're a beauty brand, you could use Threads to create a tutorial on a makeup look, and then share it on Instagram, YouTube, and other platforms. This could help you reach a wider audience and potentially attract new customers.

To make money on Threads, businesses will need to have a strong social media presence and already be using Instagram to connect with their customers. But if your business is already active on social media, Threads could offer a new avenue for engagement and exposure and help grow your business bank account.

How can individuals make money with Threads?

After creating a strong and credible profile, the next step is to build a targeted and engaged audience. You can do this by following other relevant users and engaging with other users' content. 

Building a robust, engaged audience helps increase your chances of making money from Threads through sponsored posts, affiliate marketing, and other ways. Once you have a targeted and engaged audience, you can start monetizing your Threads account. 

One of the simplest ways to do this is through sponsored posts. Sponsored posts are posts you create on behalf of a company or organization willing to pay to have its products or services promoted. 

Another way to monetize your Threads account is by becoming an affiliate marketer. Affiliate marketing involves promoting products or services and earning a commission directly into your checking account for every purchase made through your unique referral link.

Lastly, you can make money on Threads by selling your own products. This could be a physical or digital product you sell through your post or a landing page. Threads offers a unique advantage that enables you to sell your products quickly and directly to your audience. 

Ultimately, whether your business can make money on Threads will depend on your approach. But by using the platform to share real-time updates, join public conversations, and potentially gain exposure on other social networks, there's certainly potential for businesses to benefit from this new app. So, if you're interested in exploring new avenues for social media engagement, it's worth checking out Threads and seeing if it could be a fit for your business.