I have tried other revenue streams, Facebook, Google ads, and Pinterest but have found nothing that works at all really. Social media just seems to be detrimental as it takes more time dealing with the bottom of the barrel customers than is worthwhile.
Exactly right...Social media is a huge waste of time for my business...the ads bring in the lowest level of visitor, it's almost a joke. Building a social media base without ads now is impossible, your posts will have zero visibility. I am contemplating deleting my Facebook business page and my Twitter account entirely. After that will be Instagram, which has dropped to new lows in post visibility and doesn't reach the people I want to reach and never did.
For some of us with high value items to sell, Google was it. Google is now over. Google text ads do not work...they are hugely expensive now and do not convert. Due to the huge changes Google has made over the last couple of years, but especially in 2022, all the converting traffic has vanished. The results are simply too overstuffed with ads and widgets, so ranking highly does not produce traffic. This year my online business brought in less revenue that in my FIRST year of business in 2004! No social media strategy will replace the 20 years of strong search ranking.
I have tried the ads...they don't work. I have tried partnerships with other larger sites / brands...a huge waste of money so I canceled them. Let us face reality now, the days of small business success online are effectively over until governments step in to smash up all the monopolies controlling the flow of traffic. Don't hold your breath.
And yes, people have also stopped spending as much this year due to inflation, the war, unease, the stock market dropping, crypto imploding, and everything else...but really it's mostly Google that has destroyed our traffic and our businesses.