4 Best Ways to Make Money on Instagram

Know how you can make regular income on Instagram

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Instagram has become one of the most popular platforms for influencer marketing and make money in the recent few years. So, if you have a good following on the popular social platform, you can do it too.

In this article, we will look at how to make money on Instagram and look at some of the actionable ways to do it.

You’ve already seen Youtuber and Bloggers making money on their platform with the support of their reach. If you’ve got a foothold and an audience on your Instagram profile, you must have said, “I wish I could earn too! ”.

Lately, Instagram has established itself as a force of nature. From where it was called as a photo-sharing app to a powerful marketing tool for business, Instagram has covered a lot of ground. 

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Are you still thinking about whether you can make money on Instagram? 

Of course, you can! 

With the price of sponsored posts ranging from $200 to $10,000, Instagram can be the ideal opportunity for you to make some good money. 

However, before stating the ways of how you make money on Instagram, let’s read a few requisites. 

Requisites 

The first question that would have come to your mind would be, “Why should a business pay you”? “What do business lack and you have that will make them pay you?”

The answer is pretty simple – exposure to your audience. 

  • Reach – The more people see your content, the better you’ll be able to sell products. Although the number of followers that you’ll require will depend upon the niche you’re targeting and the revenue channel you want to explore. You can increase your followers by improving the quality of your posts, posting regularly, and scheduling your posts at the right time. 
  • Engagement – We are all aware of the fact that there are plenty of fake followers in different profiles. These followers won’t bring you any good. The most important thing is the number of engagements. The number of people who like, share and comment on your posts. If you’ve managed to fulfill the prerequisites, the next section will focus on the ways in which you can make money. 

How to Make Money on Instagram?

Here are a few quick tips to make good amount of money on Instagram if you have decent number of following.

01. Become an Influencer

Social-media Influencer is probably one of the most used terms nowadays. An influencer is a person who has built a successful online reputation by engaging their followers in quality content. It has proven to be the most common strategy to earn money on Instagram. 

Influencers are trendsetters or experts whose views have a strong tendency to be embraced by their audience and also what advertisers are looking for. Brands want to concentrate on the confidence and level of interaction of your audience.

Don’t know where to start? Here are a few influencer marketplaces where you can find brands to work with! 

  • Grapevine – Grapevine is recognized as an ideal place to target like-minded brands. The only setback is that you need to have a minimum of 5000 followers on your profile. 
  • Influicity – One of the biggest influencer platforms has a database in millions. To get started, you just have to fill a form that will state your profile and your target audience. Then, you’ll get a dashboard where you can get opportunities to collaborate with different advertisers. 
Influicity
  • Fohr – Fohr is a global influencer marketing platform that helps you connect your social media profile, Youtube channel, or a Blog. You can start by creating a profile that doesn’t require any minimum following criteria. 

After connecting with the brand, you have to share the sponsored content as your Instagram post or story. You can mention the branded hashtag and link in your caption. 

Here’s a tip – To respect your audience’s trust, mention #sponsored hashtag that will indicate for sponsored posts. 

Instagram Sponsored Post

Brands are willing to pay anywhere between $200-$400 per post if you’ve sufficient followers. Although a million followers on your profile can help you generate a lot more than this. 

02. Affiliate Marketing

While an influencer is more interested in making general awareness among their audience, an affiliate is interested in making sales to earn a commission. 

Brands look for influencers to sell their affiliate product. You just have to sell their product and receive a commission. 

You can do this by creating engaging posts that focus on promoting the brand and redirect them to the link to the landing page. You can add this link in your bio since Instagram doesn’t allow to post link anywhere else.   

Pro Tip: The default Instagram setup gives you the option to add one link to your bio. But you can use Shorby to add multiple links on your bio while keeping it clean and professional.

Affiliate Marketing On Instagram

When done right, these affiliate links can help you generate a lot of money. 

Here’s a tip – Don’t try to be too pushy while promoting the product and make use of Instagram stories. 

How to get started with Affiliate Marketing on Instagram? Here are some popular marketplaces: 

  • ClickBank – It is a go-to platform for everyone who is looking to monetize their traffic. An affiliate program that works on a tier-based commission provides high-quality products across different categories. 
  • MaxBounty – MaxBounty provides tailor-made solutions and media buying expertise to extend your reach. Moreover, it provides the best rates in the industry. 
  • RewardStyle – It is an influencer network that offers a 20% commission to fashion and lifestyle influencers. Their team provides you strategic guidance and advanced digital tools to increase your content monetization potential. 

03. Sell your Products

Gone are the days when you needed a physical store to sell your products. 

While selling products directly on Instagram can prove to be a tough job, it is still the job that yields you maximum returns. 

Whether you’re selling a product that you’ve produced yourself or purchased from a supplier, Instagram features such as in-app checkout, product tags, and the shop button are here to make things easier. 

Sell your Products on Instagram

Here are some steps on how you can sell your product on Instagram: 

  • Open an online store – You can choose Etsy, Shopify, Zazzle, and Amazon as your online store to sell your products. 
  • Create an Instagram Account – To integrate shopping tags on Instagram, you need to create an Instagram business account and an approved Facebook shop that doesn’t require any additional cost. 
  • Sell your products – The last step is to feature your products on your Instagram account and effectively promote them. 

04. Sell Your Photos

Instagram was supposed to be a photo-sharing app in the first place. So if you think you’ve got the ability to take high-quality pictures, your photos can prove to be an asset. 

People are using stock images these days and these images can be licensed, printed, and sold in a number of ways. You don’t need an expensive camera or staged photos, brands need real-world photos to click with their audience. 

You just have to pitch your value proposition to brands and influential personalities by sending an Instagram DM and wait for their response. 

Or you can sell your photos on these marketplaces: 

  • 500px – It is a good platform to showcase your gallery or work and get hired for your services. You just have to create a profile and start uploading your photos. 
  • Twenty20 – Twento20 gives you a platform to either earn by licensing or indulge in competitions or work with brands on commissions. 

If you haven’t already heard about it, look for Daniel Arnold’s story on the internet where he was able to earn a lot of money in a single night by selling photos. 

Here’s a tip – You can use the organic means on Instagram as much as you can to promote your photos. Use relevant hashtags. 

Conclusion 

Instagram is gaining non-stop popularity and the stats show that it has many years in its peak left. There are plenty of success stories on the internet that can inspire you to make some serious money from Instagram. 

Keeping your target audience in mind, you can make use of the above listed 4 ways to make money on Instagram. 

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