Instagram is the most popular social media platform in the world right now. Almost half of the world’s population is on Instagram, which makes it the biggest platform to be converted to a market. This is why you must have heard of things like social media marketing.
Now, what makes this interesting is that the people who use Instagram and have interesting enough content, have a sense of influence over people who watch them.
This is what the marketing industry is capitalizing on and hence here are 5 ways to make money on Instagram that you should know of.
Now, there are a ton of ways to capitalize on your influence, one of which is affiliate marketing. Now for those of you who don’t know what affiliate marketing is, it is a type of marketing that requires you to use your influence over people to sell products that are not your own.
There are a lot of affiliate marketing programs, where you get a commission based on how many products you can sell because of your influence. Usually, amazon and other marketplaces offer affiliate marketing commissions to people who share affiliate links to the products listed on these marketplace websites.
They earn a percentage on every transaction or successful buy, which is how you can earn as well.
Publishing sponsored posts
Now, once you have a bit of influence or a considerable number of followers on your Instagram account, you can start posting sponsored posts on other websites or pages on your page to promote your content.
For example, if you run a fashion page on Instagram, then you can post sponsored posts from another fashion influencer or feature them on your feed. This is one of the most effective ways of making money on Instagram.
Because people are always looking for influencers to spread the word, irrespective of their follower count. So, you can start earning from sponsored posts earlier in your Instagram influencer journey, which is what makes them the perfect way to get started on Instagram.
Launch your own eCommerce store
The next way to earn money from Instagram is to launch our own eCommerce store. There are only two broad ways of making money on Instagram, either offer a service or product of your own or sell a service or product of someone else.
Speaking of the method we’re currently discussing, this is related to the former. Launching your own eCommerce store could be on Instagram or using any other marketplace to launch your products and then market them on your Instagram account.
This way you can get organic followers of your content and also get a ton of customers and traffic for your website more conversion rate. This helps you make money on Instagram by marketing your own services.
Sell digital products
Nowadays, more digital products are being sold, than the ones that are tangible. An example of this could be digital art, videos, and even photos. If you think you have enough creativity and talent for the same, then you can really scale up your business by selling more digital products. This is one of the best ways to make money on Instagram as it requires very little investment but huge returns if you’re good enough.
This way is probably a combination of everything that is mentioned above but is the most used way to make money on Instagram. However, to be an influencer you need to have a ton of followers. This is what distinguishes creators from influencers. Influencer marketing is simple.
You enter a niche, you make the best available content in that niche and once people start recognizing you, you start chagrin for posts. Since these influencers have a ton of followers, companies and other creators are willing to pay them huge sums of money to promote their products and content.
However, this is different from doing sponsored posts. This is because, you will be required to integrate these brands into your content, without them feeling out of the blue or like a jump scare. Usually, brands deal in multiple creatives from one creator, which makes influencer marketing really lucrative.
If you’re on Instagram and you think you have the power to move the masses, then you must employ these tactics to make your time on Instagram more fruitful.
However, more than that, you should focus on generating and retaining an audience, which is the tough part of this business. However, we’re sure if you’re done with that and you use these tips, then you will be able to monetize your Instagram account. Till then, keep scrolling!