Sunday, December 4

How to make money on Instagram: 7 proven ways

At this point, you would have to live under a rock not to see the power of advertising on social media platforms like Instagram. In fact, being an influencer has become a very viable way to make money today. Have you ever wondered how you could make money on Instagram too? Well, you came to the right place. This article will walk you through 7 ways you can make money using just Instagram.

How many followers do you need to monetize Instagram?

The most important thing in determining how much money you can earn on Instagram is how many followers you have. The good news is that you don’t need to follow a top celebrity to monetize your Instagram account. Many companies and brands are looking for “micro influencers” with whom to partner. A micro-influencer is someone who has between 1,000 and 100,000 followers.

The other key factor is the type of people you have following your account. Brands are looking for audiences that match their target demographic, which is good to keep in mind if you are actively looking for companies to work with you.

How much money can you earn on Instagram?

There really is no simple answer to how much money you can make from this photo sharing platform. There are many factors that contribute to how much you can expect to earn. Sure, the potential audience size is large, but you also need to consider the content you’re sharing. Are you trying to monetize a post or something in your story? Is it a still photo or are you making a video?

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Some reports suggest that an account with approximately 10,000 followers can earn around $ 88 per post, while accounts with 100,000+ followers can earn up to $ 200.

How to monetize your Instagram

The first thing that comes to mind when you think about monetizing your Instagram account is probably sponsored posts. But that’s just one way to do it. If you keep reading, you will discover more ways to make money on Instagram that may not require you to write any #ad copy to accompany your posts.

Arguably the most popular way to monetize Instagram is with sponsored content. Usually a brand will come up and you will develop a concept for a post. Then, you will make the publication and share it on your account.

But thanks to the platform’s natural push for authenticity and FTC rules, influencers must reveal and mention the #ad somewhere in the ad text.

Where to find brands you can work with

Influencer platforms and agencies are always looking for the next great social influencer. If you do a quick Google search, you can do your research and get contact information for some of these companies. When a brand is ready to work with influencers, they will reach out to one of these platforms to find influencers to work with.

2. Become an affiliate

Affiliate links are very similar to sponsored content, but the significant difference is that you earn a percentage based on the amount of money your post generates. For example, if you shared a post about a sunglasses brand and included a promo code or unique link to drive people to buy those sunglasses, you could earn a percentage of every sale.

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Highest paid affiliate programs

The amount you earn through this effort depends on the initial agreement with the affiliate platform. Here are some programs that pay more:

3. Sell your photos

Another money-making idea is to sell your photos. For all the photographers who use Instagram, you know, the original purpose of the platform, they can try to sell one of their images, either digitally or physically. Instagram compresses the quality of images, which is good as it prevents people from simply taking a screenshot. You can send followers a larger digital version of the file to download or send a physical print of the image and frame it.

4. Create an Instagram store

Instagram will also allow you to create a digital store. This is a great way to showcase multiple products and sell them to followers and people online. Here is a checklist that you should check to see if your account is eligible to start a store:

  • Your business is in a supported market.
  • You have at least one product to sell.
  • Comply with Instagram’s trade agreement and business policies.
  • Your company has a website from which you intend to sell.

How to start an Instagram store

The first thing to do is make sure your account is set up for a creator or business account. Then you can follow these instructions:

  1. Go to your Instagram profile and tap on the three lines.
  2. Select Settings.
  3. Press Business> Purchases.
  4. Select the product catalog that you want to connect to your account.
  5. Select Done.

5. Monetize your IGTV videos

Another great way to make money is with videos on IGTV. Creating video content is always a bit more complicated than taking a standard still photo. But it’s like they say: the higher the risk, the higher the reward.

How to enable monetization on Instagram TV

If you’re ready to start monetizing your IGTV content, follow these three easy steps:

  1. Post a video on IGTV.
  2. In the monetization section of your IGTV video and make sure it is activated.
  3. Tap Publish.

6. Get Instagram Live Badges

Instagram Live is full of possibilities to earn money. One of the most popular methods is with badges. If someone buys a live badge during their IG Live, they will get a certain amount from each badge purchased.

7. Create content for brands

Creating content for brands is very similar to creating sponsored posts. The biggest difference is that you are creating content that is then published by the brand, rather than publishing the content from your personal account. This is a great tool / opportunity for photographers and artists looking to try something new with their art.

Monetizing Instagram may sound easy, but don’t be fooled. In fact, there is a lot that goes into it. The biggest problem in figuring out how to make money on Instagram is that anyone can take a photo on their iPhone and share it online. But in reality, only the best can monetize Instagram. Hopefully, this article has helped you feel more confident about becoming an Instagram influencer! And if you really want to make Instagram your career, these social media management tools will make your life easier.

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