Social Media Manager
Service-Based (Solo)
Barrier to Entry
2/10
Short-term Potential
2/10
Long-term Potential
2/10
Risk
1/10
Big Audience or Ad Money Required
No
Income Potential
$$$
Salary Research
Monthly: $2,493 - $6,751 Average: $4,102 Hourly: $13.22 - $35.81 Average: $21.76
Pros
- • So fun if you work with clients in a niche you’re interested in (e.g., you love animals, so target your local pet supplies store)
- • Getting paid to learn on the job
- • Some clients may even pay for training
- • Backstage pass to these business, how they run, how they work, which you can apply to your own business in the future
- • Can start with 0 experience by selling your time
Cons
- • Unlike a typical job, you’re only paid for your billable hours, not all the admin, messaging etc. - must take this into account when working out your price
- • Have to be heavy user of social media and really understand what does well + the ever-changing trends
- • Have to wear multiple hats and figure out everything yourself (invoices, contracts, taxes, the "professional" way to do things etc.) - can be very overwhelming
- • Takes a bit of time to get going with it
- • Have to find clients - not easy in the beginning
- • No traditional safety nets like health insurance and pension
- • There may be income insecurity or instability at the start