How to make money on Instagram – 7 credible ways
Instagram is the second busiest social media platform with about 500 million daily active users. These several million users generate millions of dollars every day. IG is one of the best platforms for brands to promote business and make money online.
How to make money on Instagram is quite easier than you can imagine compared to other methods of making money online. Although it still requires hard work and consistency as there is no lazy way of making real cash.
An average influencer with 5000 – 10000 followers on Instagram makes about $500 per post. That doesn’t mean you won’t start making money if you have fewer thousand followers on Instagram.
What matters most is the engagement status on your post, it shows if you are an influencer in your niche. A well-engaging Instagram account with over 3000 followers, with 390 sponsored ads a year makes about $100,000.
In this article we will show you various ways how to make money on Instagram, just stay tuned and read through.
What you should know about how to make money on Instagram
Having thousands of followers doesn’t mean the money will start flowing immediately. You may be craving for a particular number of followers to start earning on Instagram but that’s not the fact.
10,000 followers who are not active on IG, or generating tangible engagement for your post may earn you nothing. There are facts you must take into consideration before creating and growing a business on IG.
Choose your niche and stick to it: You should define your niche and stick to it. A lot of people on IG follow accounts because they specialised in a particular area. A brand that sells artworks and art materials will attract artists and art lovers as followers.
Getting people of particular interest as followers on IG gives you lots of active followers that keep your post engaged with many likes and comments. Suppose you advertise your brand or others, to such an audience, you will receive lots of responses even if you have a few thousand audience.
It’s also evident that you are a good influencer in your niche and will attract sponsored posts from brands of the same interest.
Be original: For you to grow a quality audience to follow your account, you don’t have to fake it. Just be real and you will be loved for who you are. There is no such post as a perfect post, be satisfied with giving your best either as a brand or individual.
If you can focus on developing your style rather than imitating others, you will grow engaging followers and discover ways how to make money on Instagram.
Post-quality content: Giving your best should not be underestimated. People are easily attracted to beauty and quality. If you are a brand advertising new products, you may have to use a designer to fine-tune your designs, or quality photos as an individual for your post. Try to put everything in such a way that it will attract the right audience.
How to make money on Instagram
Haven got a background knowledge of facts you must know before you start making money, I will show you how to make money on Instagram. These methods are up to date, however, professionals are still thinking of new ways to make money on IG. We will equally update when we discover more.
Make money from sponsored posts as an Influencer
That influencers make money from IG-sponsored posts is no longer news. Once you can grow your followers to at least 3,000 having a high engagement rate, you can start making money on Instagram.
What brands are seeking are influencers with high engagement rates so they can also get a couple of responses for the money they spend on ads. How to make money on Instagram through sponsored posts, you will have to prepare yourself for brands to find you or better still find them to advertise on your page.
You must be careful to set your limits and not promote brands you haven’t verified. Posting sponsored ads always just because you want to make money on IG may end up cluttering your page with ads that may make followers detest your page.
Make your ads post intermittently, and avoid brands totally outside your niche. For instance, if your page is promoting fitness and you go about promoting sponsored ads for products such as food sauce and so on. You can see how it simply does not tally.
Become an affiliate marketer
Promoting affiliate offers on your post if you have the right audience could help generate your income. Although, unlike sponsored posts, there are rules guiding affiliate marketing that involves the use of trackable links with a short life span.
You get paid when a customer followers your link and eventually buys a product from the brand you promote. You cannot ascertain how much you can make on affiliate marketing because you depend on your audience’s response to the product, unlike sponsored posts where you get paid for your post.
How to make money on Instagram with affiliate marketing is not quite easy but you can pull through if you have the right audience.
Become an IG virtual assistant
You can get paid per hour as a virtual assistant on Instagram. If you have skills in digital marketing and want to promote another brand for the money, becoming an Instagram influencer virtual assistant is a good to explore your skills.
A lot of influencers are looking for virtual assistants that can help manage their accounts. A virtual assistant mainly has to manage DMs, reply to comments, schedule posts, run ads, identify fake followers, and so on. If you will love to be a VA, that’s a good way to start making money on IG.
Sell your stuff on IG
It is easy to set up a store on IG if you have some products to sell. Using a hashtag on your post to identify your store name will help followers reach you for a private chat and more.
It would be best if you also had a physical store to save up some goods you have for sale either in an already existing store or in a little portion of your home where you can arrange your goods for easy access and distribution.
You will have to explore more on how to make money on Instagram when you create ads to promote your product for a wider reach.
Get paid for your content
There are a couple of ways to explore how to make money on Instagram, and one of them is IG videos. The IG community has been developing ways to help influencers earn a living from the video content they create.
You can get paid for creating engaging videos on IG for as low as 60 mins per video and more if you qualify for streaming ads. You can access this feature if you have a business profile, just click on the Instagram video icon to upload your videos in the usual way.
If you are skilled in creating amazing video content, you can equally create videos for brands on Instagram and across other social media platforms and get paid for your awesome services.
Sell your photographs
You can sell your popular photos on IG, either as prints on shirts, phone casing, pillows, mugs, and picture frames. If there had been a demand for your special photos from fans, you can maximize this potential by selling your photos to make money on Instagram.
Lots of influencers make thousands of dollars by just selling photos on IG. As an influencer, if your passion is creating incredible photos on Instagram, you will have lots of fans patronizing your deal. You can include your website on your bio to redirect them to your website or online store for a full collection. Sites like Shopify and 500px are also good platforms to sell your photos.
IG badges
How to make money on Instagram using badges is quite lucrative, you will have to turn on the badge in your settings so viewers can click to buy. Through the Instagram badge, you will get paid for your content.
Using live stream on IG with engaging content can earn you up to $250 in a single video when followers purchase badges. You will be able to see how much you earn during and after your live video.
This is a way they can give support for your efforts and express how interesting your contents are to them. You will be able to identify those who purchased your badges with the hearty icon attached to the name.
Conclusion
How to make money on Instagram as an influencer is also the goal of Mark Zuckerberg. In June 2021 during “Creator Week” he said that “the goal is to make Instagram one of the best platforms for creators to earn a good living”.
If you are a brand or creator, the platform is a favorable one to cut a huge portion of the cake. Explore any or all of these means and start making money on Instagram.
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