6 WAYS TO MAKE MONEY ON INSTAGRAM
As of 2018, the mobile photo-sharing sites network had reached a whopping 1 billion monthly active users
That means around 33 million people are tapping into that shiny Instagram app daily
If you don't see a business and an opportunity there, then I don't know what is an opportunity for you
Instagram by itself does not generate revenue. Like Youtube, it does not have any ads displayed
But that doesn't mean it can't be monetized
There are several ways you can monetize your Instagram account
You've most likely heard stories of Instagrammers who are taking advantage of the photos they snap and offer each day to cash out money
By making a committed, Instagram account with top-notch content, connecting with mark names or photography locales, and creating content for which individuals will pay, you also can procure cash through Instagram!
Instagram "influencers," as the business calls them, collaborate with business to showcase or promote their items and in turn, they get paid
But first here are some checklist you need to fulfill if you really want to monetize from your account
a) Build a following- When I say build a following, I am not asking about how much followers you have. Create a community which will be always there for you and engage in your content. Buying Followers is a Big NO NO. Cause there will be absolutely no engagement. You may once get a deal luckily but if that campaign does not produce any results. Chances are they will not contact you next. So build your following organically
b) Switch your Account to the Business mode- By default, your account will not be in Business. But Instagram gave you the options change your account in the Business type. Business account has many more functionalities such as Insight analytics and you can't run ads without upgrading to the Business account
c) Post consistently- This is the key to make your account alive. According to the latest algorithm update, the more the page is active and post higher than others, The more the post is likely to get to the top of the Explore tab. So be active
d) Have at least a minimum of 5000 followers with decent engagement- You know Number speaks. Social Proof is a required to convince brands to make a deal with you.T here are literally thousands of influencers to choose from. So make sure to catch a hook of them to work with you
Here are five prevalent choices you can do to make money on Instagram-
1. Sponsored posts for brands.
Brands are continually teaming up with Instagrammers of all sizes to convey their products or service on messages to forthcoming buyers.
You can contact and reach out to the brand directly or you can list yourself in influencer marketplaces like
d) Crowd Tap, etc
Remember while allowing to that you're not simply offering content but rather access to your followers, and utilization rights as well.
Normally it works through a flat fee that you and the brands have negotiated and agree to
Meaning you can literally make from at the minimum of 100$ to 1000$
The more the influencer has influence over the pricier it can be for the brands
Price can also depend upon the niche of the influencer and followers list
2. Become an affiliate
And every time they make a sale from your audience through your affiliate link or your own unique promo code, you make a commision
Sometimes you can even make more money through this process than Sponsored Post
Cause Sponsored Post is fixed while the earning potential in Affiliate programme is unlimited
The more you drive your audience or traffic to sales, The more commission you get
Your commission may vary from product to product and brands.
Even if no brands contact you, there is an option for this
There are many affiliate programmes you can join for free to promote products Right away such as ClickBank, JVZoo, Amazon Associates, Etc
3. Sell your photos
You can literally sell your Photos and Brands are literally willing to buy your Photos
How Crazy is that, Right?
There are a number of renowned websites that you can sell your Photos and turn your shots into hard and solid cash
Some of them are-
d) Fotolia, etc
The most common being Foap because it is easily available in the mobile app and the Payments are delivered by PayPal.
You can even Browse other user content and see them because it is an open marketplace
But mind that it is gonna be tough to get selected since many are gonna be competing
4. Launch your own e-commerce store
You can literally set up your own e-commerce store, easily by Shopify and other alternatives of Shopify
In case you're a product creator, Instagram is an awesome stage for you to showcase your items.to get the maximum exposure
Use Hashtags which is related to your product to promote your Product
Or you can even create your own branded hashtag and promote it
If you got an engaging audience Chances are your Fans will literally buy whatever you sell as an act of showing their love and support to you
5. Sell digital products
This one is also somehow connected to Point Number 4
And it's much simpler than selling Physical Products because everything is done automatically
There is no hassle for Packaging, Shipping Fees and stuff like that
For example, if you are in the make-up niche
Create a Guide or a Course or an Ebook, Chances are If people like your post and they will be more willing to spare some bucks to pay for your course for more detail insights
If you are a musician, you can sell your new music or Sell a course
It will work mostly on all niche
6. Sell Your Instagram Account
Well this one is a little extreme and harsh
But if you really need the money or Done with Instagram? Or Completely Ready to move on?
You can sell through your resources like friends, colleagues, etc
But if you do not have the resources, There are a few sites that will help you with this-
Instagram is literally one of the best platforms where you can literally showcase your work, get famous too and make money at the same time.
It is like hitting three birds with One Stone
So if done right, you can expect some rewards rolling in.
Here is what you need to do. Keep in mind that you are doing this for your personal brand growth and treats your work as a business.
Take Yourself serious and others will too.
If you want to make a living out of it, Don't treat it as a hobby or for the sake of having an Instagram account in order to be not left out of the trend. Be serious about it.