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Reddit is a famous online forum with close to a billion users.
With such a vast user base, opportunities to earn money arise naturally.
Let’s get you started.
Methods to Earn Money Passively on Reddit
As you already know that Reddit works as a dual platform. It has a forum-like structure and multiple vital elements of a social media platform.
However, regarding financial opportunities, Reddit isn’t the first platform that comes to your mind. Let’s look at some ways you can use to start a passive income through Reddit. These are:
Now, let’s look at them in greater detail:
The most efficient way to turn the Reddit audience into a source of passive income is through advertisement. There are two ways you can advertise on Reddit.
Firstly, you can advertise like any other platform with specialized banners. Secondly, you can advertise in different sub-Reddits.
What’s the difference between these two methods?
The main difference is your initial budget. Paid advertisement can cost anywhere between $5 to $500. Whereas personal advertisement is completely free of cost.
Moreover, it also comes down to the target audience you want to reach. You can reach a wider audience with paid advertisements.
On the other hand, you can target a specific demographic with personal advertisements.
Which method is viable for me?
Either method is viable for you, the only considerable factor is time. If you have a lot of time on your hand, personal advertisements are your go-to option.
Whereas, if you are short on time, paid advertisements can come in handy in many situations.
Can I advertise anything on Reddit?
This is where things get a little tricky. Paid advertisements fall under the Terms of Service from Reddit. You have to follow them under all conditions.
However, when it comes to personal advertisements, you also have to follow the guidelines from the sub-Reddits.
Important Note: Every single sub-Reddit has its unique rules and guidelines. Moreover, it has several moderators that enforce these rules.
Next up is passive income through promotions. You can go on multiple sub-Reddits and advertise various sales, discounts, and special offers for new users.
You can use this method to attract new customers to your main website. It can be to increase your product sales or a steady social media account growth.
Are there any regulations for promotions?
Except for the TOS from Reddit, there isn’t much you have to worry about. Every single sub-Reddit has clear guidelines regarding the boundaries of promotions.
You can simply read these guidelines in the About section of a sub-Reddit.
What are good sub-Reddits for promotions?
As a rule of thumb, sub-Reddits that allow promotions and have a substantial user base are good for you.
For example, r/marketing, r/digital_marketing, and r/webmarketing are some highly populated sub-Reddits.
You can promote your business there and learn new things related to marketing.
Lastly, you can outsource your tasks for a cheap price and earn passively. There are multiple sub-Reddits that have people for hire.
You can pay them for tasks like graphic designing and data compilation. Unlike Fiverr or UpWork, you can save much money from Reddit.
How does that help me earn passively?
Any active aspect of your business can be outsourced. This way, you can eliminate yourself from the process and still get it done.
Since it removes your active participation, all the income you earn from it falls under the passive category.
How do I determine if a sub-Reddit is trustworthy?
There is no rule or method to determine whether a sub-Reddit is trustworthy. However, there are multiple things you can keep in check to stay on the safe side.
For example, you can vet the accounts of interested individuals. You can judge their credibility through their Karma score, past comments, and profile reviews.
Where can I find these sub-Reddits?
A few good examples for such sub-Reddits can be r/ForHire, r/Freelance, r/Hiring, and r/Commisions.
All of these sub-Reddits have thousands of people with credible profiles.
Important Things to Keep in Mind
Even though it is quite easy to find opportunities on Reddit, there are still certain things you need to keep in check. Let’s check out what they are:
Reddit is notorious for its anonymity. Most of the Reddit accounts don’t have any additional information besides the username.
This brings a lot of uncertainty to the table. If you are not careful, you might fall into a scammer’s trap.
How do I avoid this?
Only use populated sub-Reddits. Highly populated sub-Reddits are operated and kept in check by various moderators.
If they spot or find a scammer, their account is instantly banned from the sub-Reddit.
Another way to avoid this is through the Karma score. An account with a higher Karma score means that the person behind this account is legit.
There are two sets of guidelines you have to follow at all times. First are the ones from Reddit. They rarely change, but when they do, it only includes minor changes.
You have to be careful about the specific guidelines of the sub-Reddits. Moderators heavily enforce them and ban any user/account that doesn’t follow them.
Is this ban permanent?
Although the ban is permanent, you can’t get a way around it. The only way is to file an appeal to the moderators.
Furthermore, your account is only banned in the said sub-Reddit. You can still use your account for other activities across Reddit.
Reddit is known for its large and loyal userbase. You can use this to your advantage and develop a passive source of income stream. All you need to do is look for the right sub-Reddits.
With this, we come to the finish line of our post. We hope this information proves to be beneficial for you. Do let us know what you think of Reddit as a social platform.