Instagram has over a billion monthly active users and most of them are aged between 18-30.
Are you wondering if you can make money on Instagram just like YouTube and Blogging?
Instagram doesn’t directly pay the influencers. However, there are other ways how influencers make money on Instagram.
In this post, I’m going to show 5 ways to make money on Instagram.
5 Ways To Make Money on Instagram
1. Posting Sponsored Post
Probably the most known way to make money on Instagram is through sponsored posts where you get paid to publish a post on behalf of a brand.
Many new businesses want early awareness for their brands and they contact influencers online to publish a post for their brand.
To do that you will need a good amount of following and engagement rate before you attempt to connect with brands.
You should also keep in mind that your sponsored posts are authentic to your followers. Your followers will rapidly lose interest in you if you simply publish posts for marketing purposes only.
You can use websites like influence where you can find both brands and influencers for your business.
We all have heard of Instagram shoutouts also called Insta shoutouts or IG shoutouts. Haven’t we?
Many people aren’t even aware that you can also make money from shoutouts.
Shoutouts works like sponsored posts the only difference is that in shoutouts you work with people instead of brands.
3. Promoting Affiliate Products
Unlike sponsored content, you don’t get paid for spreading awareness instead you get paid whenever you bring sales.
Whenever your followers purchase any product you get some percentage of it as a commission.
Worried about how to find offers?
The downside of these affiliate platforms is that Instagram doesn’t allow you directly redirect it to your affiliate links.
You can create a normal-looking landing page using landing page builders like Unbounce and promote it through your influencer account.
As an affiliate marketer, you also need to keep in mind that you’re not annoying your followers with different types of affiliate offers and no real value.
4. Selling Products
In recent years Instagram has been profitable for eCommerce brands.
About 80% of people use Instagram to discover and buy new products.
If you’re planning to make money on Instagram then selling your own products can be more profitable than selling affiliate products or posting sponsored posts.
Since people actually use Instagram to discover and buy products, Instagram has added business account features like in-app check-out, the shop button, product tag, and shoppable stickers to make the shopping process easier.
Here’s a video on how you can create an Instagram store from scratch:
5. Selling Licensed Photo
Instagram is all about visuals. If you have the skills to make visual content or photography skills. You can make money on Instagram selling poster photos, drawings, animation, and other image or video-based virtual products.
You can promote your virtual products using suitable hashtags or you can also use Instagram ads to get early awareness.
Instagram is the fastest growing social media platform in the world with an extreme engagement rate, so, it makes it easy for anyone to make money on Instagram from sponsored posts and other methods that I’ve mentioned above.
However, putting time and effort into Instagram to build trust and grow your audience is also necessary.
Hope you had some idea on how to make money on Instagram.
What are the methods you’re gonna use to make money on Instagram?
Lemme know in the comments down below.