9 Ways to Make Money on Snapchat

How to start making money in a snap on this popular social media app.

Snapchat

Whether you’re an influencer, an affiliate marketer or looking to grow your business, there are lots of different ways you can make money on Snapchat. This popular social media and messaging platform provides several options for monetizing your content—including a few methods you may not have thought of before.

So if you want to know how to make money on Snapchat, here are 9 ways to go about it.

1. Join the Snapchat Monetization Program

Woman taking a selfie
How much you can earn: According to the Snap Monetization Terms, a proprietary payment formula is used to calculate payouts for creators. It is based on several factors, which may include how often and when you post, how many ads are distributed in your content, whether you use Snapchat Creative Tools, and user engagement levels.
How it works: Eligible content creators (Snap Stars) can earn money from ads in Public Stories and Spotlights. You receive a share of the ad revenue generated, and once you start earning, you can cash out a minimum of $100 daily. But you’ll need to meet minimum follower, view and regular posting requirements to qualify for the program, so you’ll need to take time building your profile before you can become eligible to earn.

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2. Promote your business

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How much you can earn: Varies
How it works: Create a public profile for your business to engage directly with your target market. You can then post content that entertains and informs, tells your story, and builds relationships with potential customers. Snap Promote also lets you promote content from your public profile on Snapchat, helping to grow your following and direct visitors to your own website.

3. Partner with brands

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How much you can earn: Varies depending on how many followers you have, their level of engagement with your content, and the deal you negotiate with the brand.

How it works: If you’ve developed a large and loyal Snapchat following, brands can seek you out for paid partnerships. Businesses are willing to pay you to create sponsored content, using the authenticity of user-generated content to help grow their brand.

4. Advertise your business

Advertising Business
How much you can earn: Varies
How it works: It’s easy to create an ad campaign for your business in Snapchat Ads Manager. There is a wide range of ad formats to choose from, including Sponsored Snaps that let you send Snaps directly to your target market, single image or video ads, story ads and branded AR lenses.

5. Snapchat takeovers

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How much you can earn: Varies depending on the terms you negotiate.
How it works: A Snapchat takeover is when a brand temporarily gives an influencer or celebrity “control” of its Snapchat account for a day or two. That user then posts their own unique content or story, providing the brand with exposure to their Snapchat audience. As a creator, you’ll make money from your paid partnership with the brand. Businesses can run special sales or limited-time offers as part of the takeover and potentially make money from increased sales.

6. Affiliate marketing

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How much you can earn: As a rough guide, you can generally expect to earn a commission of between 5% and 20% per sale.
How it works: You can make money on Snapchat by promoting and reviewing products and services. Include affiliate links in your Snaps and Stories, and when viewers click on those links and make a purchase, you will earn a commission.

7. Join the Snapchat Affiliate Program

Affiliate Program blackboard
How much you can earn: 20% revenue share on qualifying ad spend for the first 30 days after the advertiser signs up, with higher earning tiers available.
How it works: The Snapchat Affiliate Program allows you to earn money by referring advertisers to the platform. Sign up as a publisher, content creator or marketer, and then promote Snapchat Ads to new customers. When they sign up with one of your affiliate links and start advertising, you earn a commission.

8. Earn Lens Creator Rewards

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How much you can earn: Up to US$7,200 for top-performing lenses. Lens+ payouts are determined based on factors such as performance, engagement and your geographic location.
How it works: Snapchat Lens Creator Rewards allow you to earn money by creating popular Snapchat lenses using the Lens Studio tool. If your lens accumulates at least 15,000 Qualified Posters in the first 90 days, you will qualify for a Top Performer Payout. You can also apply for Lens+ Payouts and create exclusive lenses, and you’ll then be rewarded with revenue-share payouts based on engagement with your creations from Lens+ and Snapchat Platinum subscribers. Payments are made in Crystals, which you can then cash out for real money.

9. Join Creator Marketplace

Marketplace
How much you can earn: Varies depending on the deal, but you can choose the fee structure that suits you.
How it works: Snapchat Lens creators can further boost their earning potential by applying to join the platform’s Creator Marketplace. This platform allows you to list your services for brands and companies that are looking to partner with Lens creators for branded content deals and campaigns.

What are the best ways to make money on Snapchat?

As a creator, the best way to make money on Snapchat is to join the Monetization Program. This allows you to make money from ad revenue sharing, though you will need at least 50,000 followers and be able to meet a range of eligibility requirements to qualify for the program. But if you do have a large enough following, you can also make money by partnering with brands and creating sponsored content on Snapchat.

Alternatively, Lens creators can monetize the platform through the Lens Creator Rewards program and Creator Marketplace. Or if you’re looking to earn passive income, you can sign up for the Snapchat Affiliate program and refer advertisers to Snapchat, or use the platform to share affiliate links and earn commissions on sales.

What are the quickest ways to make money on Snapchat?

As a general rule, you’ll generally need to put in plenty of time and effort before you can start making money on Snapchat. If you want to partner with brands or join the Monetization Program, you will first need to have put in the hard work to develop a large social media following.

The same goes for affiliate marketing or making money as a Lens creator—you need to build an audience first. So if you’re searching for overnight success and a way to get rich quick, chances are it’s not going to happen.

Snapchat ads success story: RoseSkinCo

When Canadian beauty brand RoseSkinCo wanted to reach younger buyers, it turned to Snapchat. In an effort to target Gen Z and millennial shoppers, it ran a Snap Ad campaign focused on fast, engaging and authentic content.

Over a three-month period, RoseSkinCo achieved a 46% higher return on ad spend compared to advertising on Meta, and a 19% lower cost per acquisition. This demonstrates how Snapchat offers a unique way to promote your brand and target a younger audience.

Snapchat scams to watch out for

If you’re searching for ways to make money on Snapchat, there are a few common scams you need to watch out for:

  • Fake accounts. Scammers create fake accounts to impersonate real people (like celebrities or your friends) and ask you for help. They might claim they’re stranded overseas and need money, or that they need your help cashing a cheque, but their true goal is to take your money.
  • Fake contests. Keep an eye out for fake contests on Snapchat that sound too good to be true or just don’t seem quite right. Scammers may try to get you to pay a fee to enter or attempt to trick you into providing sensitive information.
  • Phishing scams. Scammers impersonate legitimate businesses or even Snapchat support. They try to obtain your login details or other sensitive information by asking you to click a suspicious link. Be wary of any unsolicited or unexpected contact.
  • Financial scams. One common scam involves fake ads that promise to teach you how to make a fortune online working from home, but only once you sign up for a course and pay an enrollment fee. Investment opportunities that claim to offer lucrative returns are another scam to keep an eye out for.

Bottom line

There are lots of ways you can make money on Snapchat. The platform doesn’t necessarily provide a guaranteed source of income, but if you’re an influencer or running your own business, there are plenty of ways you can use Snapchat to earn some extra cash. Create a Snapchat profile today and compare the different ways that you can start earning.

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Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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