7 Proven Ways to Make Money on Instagram
Social media has the power of engagement and marketing. Instagram, in particular, is considered the best platform to promote your brand. With the growing popularity of Instagram influencers, it has also become a quantifiable source of income.
Instagram is a content-driven site influenced by views, likes, and followers. Statistics show that more than 58% of users are influenced by seeing products on Instagram. In addition, Instagram has more than a billion monthly users.
Millions of influencers and entrepreneurs are making money on Instagram. Are you asking yourself how people make money on Instagram?
If yes, then this post is for you. We will give you seven proven ways to make money on Instagram.
Who Can Make Money on Instagram?
There are no laid down rules. Anyone and everyone can make money on Instagram as long as they know what works. If you know how to create beautiful posts or have the enigma to pull a crowd, you can make big money from Instagram. The key is the number of followers that you command, either by organic ways or get little help when you buy Instagram followers or even get Instagram likes from this link.
Here are a few ways commonly used by people to make money.
- Get started with sponsored posts of brands that you think are best for your audience.
- Try Affiliate marketing to earn money by selling products.
- If you are a good photographer, sell your photos.
- You can sell your services or products on Instagram.
- You can also become a virtual assistant for Instagram influencers or established brands.
Seven Ways to Make Money on Instagram
Do you know Kylie Jenner is paid approximately 1.2 million USD for a single post? Well, you can aspire to reach that level someday, but now, we begin with basics. Your earnings will depend on three main factors. First is the quality and relevance of your content. The second is your engagement and count metrics, and finally, your consistency and reputation.
Here are seven proven ways to make money on Instagram.
1. Sell your products
For many years Instagram has been a boon for e-commerce brands. Instagram is widely used to view and buy products. Very well aware, Instagram has a business account and has added new features to enhance the shopping experience. Moreover, the business potential on Instagram will increase in the coming years.
If you are a brand owner or want to sell your service or a product, Instagram is the right platform. There are many shopping apps and tools that can help you sell your product. In addition, you can use your website or e-commerce platform and link it to Instagram as a marketing channel.
It doesn’t matter whether you are selling a product or a service; Instagram will get clients. The only important thing is to find the right niche, hashtag, and keyword to sell your product.
2. Create and sell content
Instagram started as a visual content platform, and even today visual content has value. It is estimated, people post more than 100 million photos and videos daily on this platform. Brands need to publish engaging and high-quality posts. It is where you can use your creativity and earn money.
Audiences pay close attention to content generated by brands. However, user-generated content is authentic and remembered by visitors. Statistics show that people are 50% more influenced by user-generated content. It allows you to sell your photos and videos to publish content.
The travel industry has a vast scope where you can sell your travel pictures and videos. Even those in the food industry can get some benefits out of posting or selling photos and reviews.
3. Endorse Brands
The common understanding is that sponsored posts are suitable for Instagram. However, many brands opt for long-term relationships. You can use these brands and become one of their brand ambassadors. All you have to do is get linked to a brand and endorse it regularly using your Instagram posts.
Apart from Influencers, Instagram is a great platform to endorse brands without the tag of influencers. Many brands also deliver free products for use and put an appropriate review. This way you not only get a free product but can also earn some money.
If you have a visible fan following, you are the right candidate to endorse brands. The average income of brand ambassadors ranges from $ 40 to $ 5000 a month, depending on the impact they can create. While celebrities take a major share, you can always start as a micro-influencer.
4. Try Social Media Marketing
Of all the social media channels, Instagram has the best-earning potential. Most successful brands are using Instagram to enhance their business potential. A survey by Business Instagram found that more than 25 million businesses are advertising on Instagram.
Social media marketing is using social media platforms to endorse brands or services. It involves making tailored content to engage and persuade people to buy a product. In addition, connecting your audience with a brand to help them understand the value and specialty of the product will earn you good money.
It is no secret that social media marketing is in high demand with big and small businesses. Many brands are looking for social media services, including a full-time social media manager. Brands are looking for social media guidance, training, and support. As a social media expert, there are ample opportunities to earn.
5. Earn with Affiliate Marketing
Affiliate marketing programs are third-party platforms to promote and sell products. Brands and affiliates can agree to work together and share a small percentage of profit. An affiliate program will become a paycheck if you can outshine thousands of affiliates working the same way with the same endorsement.
There is a subtle difference between an influencer and an affiliate. An influencer is working to promote a brand on the sheer strength of followers. An affiliate marketer is a salesperson trying to sell a product to get his commission. Influencers make money on a contract for promotion events of posts. However, an affiliate is earning with the help of promo codes or traceable links to buy the product.
It may look a bit difficult, but affiliate marketing has enormous potential. You can even use it on your website or other social media channels. The success mantra is to create engaging posts with a call to action. Do not be too pushy, as it may upset your followers. It is always better to declare that you get a commission from this link. It creates trust and shows that you are transparent in your dealings.
6. Become an Influencer
It is a challenge to get an influencer status. But, if you get this status, you can make big money. An Influencer uses the profile to promote all kinds of events and brands. If you have a loyal following and have built your reputation with consistency, you fit the bill.
The fate is achieved after spending a considerable amount of time. You have to build trust and an ever-lasting relation with your followers. Sometimes the option to buy Instagram followers and get Instagram likes also helps you create a formidable audience. Brands love to endorse their products where they appreciate a good number of followers.
To start your journey as an influencer, know your audiences. You must synchronize your posts with their taste, values, and needs. So, whenever you are endorsing any brand, do it carefully. Any substandard product endorsed by you will hamper your reputation. Remember, an influencer earns out of his reputation. In addition, use hashtags to inform your audience about the sponsored posts.
7. Find Freelancers
Instagram is not all about cute cat videos or well-edited photographs. With more than a billion users on this platform every month, it has enormous potential. Use an Instagram account for networking and getting clients. If you are a creative person, you can find potential clients who can use your skills and pay you.
Whether you are a writer, a photographer, or a website builder, Instagram can get you clients. Numerous people are looking for freelancers on Instagram. All you need to do is join one of the relevant groups in your niche and explore the possibilities. Use your Instagram account to display your talent and work. Your profile should be a show window of your work. Moreover, you can use your bio to tell visitors that you are open to work.
Instagram has the highest engagement and the fastest growing platform. With the right tactics and approach, you can earn a decent sum from Instagram. If you have creative ideas and marketing techniques, there will always be an earning potential open. Patience is the key; never expect to earn a big sum with shortcuts. You need to build your portfolio, gain followers and invest time to earn money. By gaining followers, you walk into the domains of an influencer. So, if you really are serious about earning money on Instagram, get a substantial number of people to like and follow you. If organically well and good otherwise opt to buy Instagram followers or buy Instagram likes to achieve this goal.
We hope these seven proven ways will help you make money on Instagram.