When it comes to making money online with the use of social media, the first thing that comes to mind is to either use it for advertising or affiliate marketing and the likes. In some cases some tend to look for contents they can upload to monetize their social media accounts. Instead of looking contents to upload, you could make money by creating a local news channel. You can create a channel on Instagram or a page on Facebook where you only drop contents on the latest happening in your local area alone, things like latest jobs available, latest accidents, latest crimes and update.