Do you want to make money on Reddit? In this post are ideas that you can use to earn from Reddit.
Reddit is usually referred to as the front page of the internet. Those that understand the value of Reddit cannot leave it for any other social media platform. Apart from helping you gain knowledge and stay connected to your favorite topics, Reddit also enables you to make money through the numerous opportunities it offers.
If you have a blog or you run an online business, you can easily skyrocket its growth by being active on Reddit. Let me make it clear that you cannot just join Reddit just because you want to use it to generate money. Instead, you can use it to support your main source of income.
To enjoy the true benefits of Reddit, you need to be active on the platform. Redditors usually know how stuff works and they can easily detect when someone is spamming the platform. So, you need to contribute to topics that you are knowledgeable in.
In this guide, I will reveal some proven ways through which you can make money on Reddit?
1. Get Paid for Completing Tasks
Although you cannot depend on Reddit as your main source of income, you can still earn some side income from it.
The platform has subreddits (also known as communities) where members share money-making opportunities. All you need to do here is to complete easy tasks.
Some of these subreddits include:
BeerMoney offers more than what its name suggests. The community uploads tasks which when completed can earn you money that is enough to get you a beer.
There are over 855,000 members in the community and the members post giveaways, gaming tasks, social follows, signups, surveys, reviews, and lots more.
The best part is that some members earn more than $500 every month completing these simple tasks. You can use the help of the community to complete each of the tasks and the community is always willing to help.
This is a community where you can sign up for something and get paid. In some cases, the money will be transferred directly to your bank account, and you may sometimes need to do some tasks to earn it. The community flags fake offers and also publishes the names of scammers so that you don’t waste your time.
SEE: Best Survey Sites to Make Money Online
2. Do Micro Jobs
Another way through which you can make money on Reddit is by doing micro-jobs. A subreddit that is known for offering this opportunity is r/SlaveLabour. It is a community where you can find simple tasks that will pay you some amounts of money.
According to the subreddit’s description (i.e. “Get jobs done well below market rate”), you should not expect to get rich from completing the tasks the community provides. The tasks include data entry, graphic design, and writing amongst others.
Although the subreddit is focused on offering simple, low-paying gigs, it can also help in the right situation. r/SlaveLabour is similar to Mechanical Turk. Members of the subreddit can post opportunities if they need the service of anyone, while those that want to make money can bid on the published tasks or state their availability and the services they offer.
The bidding process is simple and you can directly bid on posts if you are interested in the job opening. It is easy to overlook r/SlaveLabour since the pay is small, but the amount of most of these tasks is similar to what is obtained on other microtasking sites.
So while what you can earn is small, it is an opportunity for those that are looking for ways to make some extra money in their spare time. The tasks are simple and anyone can do them, so the barrier of entry is low.
Also, the tasks are flexible and you can search for opportunities whenever you want.
3. Earn Cryptocurrency
A subreddit that creates opportunities for members to earn cryptocurrency is r/Jobs4Bitcoin. Those that want to hire can post the job details, while those looking for ways to make money can also post the details of their services and hourly rates.
Most of the posts on the community are from those looking for ways to make money. However, there are job opportunities added to the community every day. The jobs are in different forms and may involve working with blockchain technology or cryptocurrency.
Social media jobs can also be found on the subreddit. The jobs posted in the community are legit and they can help you earn a more tangible amount of money than what the previous subreddits offer.
One of the features of this subreddit is you can ask a middleman to be in charge of your transaction. The subreddit has different middlemen that have been approved by the moderators to prevent fraud and protect both parties involved in the transaction.
Also, you can report middlemen or scammers if you have been duped.
SEE: Proven Ways to Make Money with Cryptocurrency
4. Offer Writing Service
You can also make money on Reddit as a writer. This is made possible by a subreddit like r/HireAWriter.
Freelance writing is one of the commonest ways to earn a living online. However, it is difficult to find clients. r/HireAWriter acts as a job board for all levels of writers. You can find writing jobs for entry-level, general, or advanced writers in this community.
Also, you can post your availability and the areas you can write on. Here are some of the reasons why this subreddit stands out:
All posts must have a pay rate. This will help you to the amount you can make from a project even before you apply to it. With this, you won’t waste your time applying to jobs that pay below your rate.
There are minimum pay rates. The entry-level jobs posted in the community must pay nothing less than 5 cents per word. General jobs and advanced jobs must pay at least 10 -15 cents per word respectively.
Although these figures are not high, they are higher than what most leading platforms pay and they are enough to earn a living.
Though the community has more posts from those looking for writing opportunities than clients that want to hire writers, you will still find lots of opportunities in the community. It’s worth checking out whether you are a beginner or professional writer.
SEE: Reliable Ways to Make Money With Writing
5. Gift Card Exchange
You can also earn from Reddit through gift card exchange. You can do this through a subreddit known as r/GiftCardExchange. This community allows you to buy and sell gift cards.
Do you have a $20 gift card that you don’t need? You can sell it in this community for about 80 to 90%.
Do you want to buy an Amazon gift card for less than its face value? You will get it here.
If you buy a lot on Amazon, this subreddit will help you save hundreds. However, you need to trade carefully so that you don’t end up getting scammed.
6. Stock Market Bets
If you have some money that you want to invest and earn some revenues, there are some Reddit communities that you can use to earn from the stock market.
Listed below are some of these communities:
r/WallStreetBets is a community where members discuss options and stock trading. The members even bet on some stocks to increase the price and make profits. Wall Street Bets has a huge base of users (over 10 million).
The huge user base is used to manipulate the market demand and the members also use this opportunity to earn good profits. If you have some savings and want to earn from stock market bets, you can go ahead and join the community.
This community is similar to Wall Street Bets but it’s meant for the cryptocurrency markets. When you join, you will be able to see what the members are investing in and the condition of the crypto market. The discussions in the community will also help you know what you should expect from the crypto market.
If you are interested in blockchain and cryptos, and you want to invest in the industry, this is the subreddit for you.
SEE: Best Investment Apps for Beginners
How Reddit Works
Reddit has over 52 million active daily users; this number keeps growing. The social media platform is focused on communities sharing different content and news. The platform has the potential to confuse those that are not familiar with it.
Those that post and engage on Reddit are referred to as ‘Redditors.’ These people post in subreddits that align with their interests. It is in these subreddits that Redditors share information through posts, videos, images, and links.
Even if you don’t post actively on Reddit, you will find lots of useful information that you can use to make money online.
Can You Make Money on Reddit?
Yes, but you will not get rich overnight on Reddit. However, there are lots of communities that offer useful advice, tips, and opportunities that you can use to make money.
If you dedicate some time and search through and engage with several subreddits, you stand a better chance of making money from the platform.
Ensure you obey the rules and adhere to the guidelines of the subreddits that you post in.
Can you monetize Reddit by putting ads on my subreddit?
You can leverage a subreddit by promoting your business or website. However, you are not allowed to monetize your subreddit; you may be banned if you do so. Making money by running ads on your subreddit for anything that is not within your business can get you banned.
In a nutshell, Reddit is a great platform for creating more awareness for your business. However, be careful if you are planning to promote anything that goes against their rules.
Can you promote affiliate URLs in my posts and comments?
No, Reddit frowns at using affiliate links. Although some subreddits that are about making money allow referral links.
Ensure whatever you want to post adheres to the rules of the specific subreddit. Check the rules before you post, and if you want to use an affiliate link in a subreddit that allows it, let other members know it’s an affiliate link.
Can you create a community on Reddit for my site or blog?
Yes, you can. However, there are some criteria that you need to adhere to so that you can create your subreddit. For instance, you need to have an account that is at least 30 days old and must also have enough positive karma.
These criteria are aimed at ensuring that you are familiar with the platform and that you participate enough to know the nitty-gritty of the platform.
If you have enough positive karma and experience with the platform, you will be able to create a subreddit to promote your site or business.
Are you ready to make money on Reddit?
While it is not possible at the moment to earn directly from Reddit, the ideas shared in this post will give you access to opportunities that you can earn from. The subreddits on the platform help users find different earning opportunities, and I have covered some of the most active subreddits in this post.
To get the best results, you need to be active on the site. You also need to contribute to the community through comments and posts. If you give other users the impression that you’re only there for your benefit, you may find it challenging to benefit from the site. So focus on offering value to the community; this is the ideal way to make money from the platform.
If you are ready to start right away on Reddit, you can join r/BeerMoney to complete simple tasks. The tasks are simple and don’t require any technical skills or experience. If you are adept at writing, you can earn more by joining r/HireAWriter.
Want to discover other ways to make money? Check out this post on legitimate ways to make money from online marketing.
Thanks for reading.