How to earn income from social media?

There are many ways to monetize social media. Among them:

Advertising: Social media platforms provide businesses with access to a broad audience for advertisers. Ads can be served as images or text, and can be targeted to engage users.
Earning income as a content producer: Social media users can earn income by advertising their own created content, making sponsored content or getting support through platforms such as patreon.
E-commerce: Social media can be used for businesses as a sales channel for e-commerce. Businesses can sell their products and services through social media.
Affiliate marketing: Social media users can charge per click by using links to promote products or services.
Management of businesses: Social media experts can get a return on their investments by managing the social media accounts of businesses.