Instagram is one of the fastest-growing social media platforms. The user base on Instagram doubled only in a couple of years. Currently, more than 1 billion active users are on this platform. If you want to make money through Instagram then you have to choose the right model.
Now Instagram is a powerful marketing tool for all types of businesses rather than an initial image of a photo-sharing app. Millions of potential customers visit every day Instagram just like Google and Facebook
How to make money on Instagram
Of course millions of people are using Instagram so it provides a great opportunity to make money through Instagram. In this article, we are going to know how to utilize the large customer base of Instagram, as a successful entrepreneur and how to make money using Instagram.
So let us get started.
1.Promote affiliate products links
You can share the best trending product links on your Instagram bio and earn a commission for every sale. Affiliate marketing provides a great opportunity to earn so you can share different products with a high percentage of commission.
There are many affiliate programs also earnings vary from the category of products. For example, you can join ShareASale, Clickbank, etc. A lot of companies offer affiliate programs therefore you can search companies on Google to join directly.
To start an affiliate program as such there is no requirement for a large number of followers. You can post a clickable link on your Instagram bio. If you are having more than 10k followers then you can share links in Instagram stories.
However, all the links on Instagram are non-clickable so it is not an effective way to share URLs in posts, and visitors copy URLs manually.
Therefore it is better to write a call to action for readers to go on your Instagram bio and click on the link. It is also worth mentioning that you have to write in brief about affiliate disclosure.
2.Sell Digital and Physical Products
If you are having a large number of followers then you can promote physical or digital products on Instagram. In the last few years, Instagram has been developed as a large e-commerce platform for brands.
You can buy from a smartwatch to an expensive car on Instagram. In India, 81percent of beauty customers are engaged with creators on YouTube and 26 percent see a video before making a purchase.
Again most of the brands are doubling social media engagement and marketing strategies.
Instagram is a favorite for beauty customers because it supports visual nature and is able to create stories on this platform.
It has a lot of chances to find a prospective customer on Instagram for your products. Moreover, you have to find a niche and understand competition also search about keywords and hashtags.
So many options are available to promote physical and digital products. For example, post stories and connect with your audience, show products on your page, show followers photos using products, organize reward contests, etc.
3.Sponsored Posts
A sponsored post is like a paid post to promote the company and its products. If you are having followers then you can get paid for Instagram posts and brands may reach you for sponsorship.
It is the not case every time that influencers must have thousands of followers. Some influencers only with a reasonably good number of active followers are even attached to top brands.
Top influencers are earning thousands of dollars for every post. However, keep in mind finally it can take time and a lot of hard work. But it is possible to achieve the goal with real expectations.
4.Dropshipping of Products
In Dropshipping e-Commerce business model you have to just forward customer orders to the supplier next, he will ensure product delivery at the customer’s doorstep. You need not worry about storage, packaging, or delivery arrangement.
So you can start an online store using platforms like WooCommerce, Shopify and make money through Instagram. Further, you can collaborate with Instagram influencers to drive traffic and create awareness.
It can help you to grow your business as well as generating of new leads. Dropshipping is like selling online but you need not have physical stock.
Many dropshippers prefer Instagram as their main advertisement channel. Here you can experiment free without losing any startup capital. It is good if demand is high but you are not wasting money if demand is low.
Keep your audience connected and ensure a clear call to action so that customers check dropshipping guide.
5.Sell Photos and Videos
Millions of photos and videos are daily uploaded on Instagram so it has a great opportunity to sell original videos, photos, paintings,s, etc. and earn money through Instagram.
People nowadays consider it more authentic to purchase products suggested by users. So it is an opportunity for you to sell photos and videos. You can refer post readers to visit the link in bio.
In the travel industry companies prefer travelers to share experiences in form of photos or videos once they stay at the place. In the travel and tourism industry, user-generated content gives very good results.
6.Instagram Consultant
If you are handling Instagram for a long time then you can work as an Instagram consultant and earn money through Instagram.
In general, people think it is easy to handle social media accounts but mentality changes once you go for real. It is important to apply marketing activities at different stages of promotion using the right tools.
All size of businesses is expected to use Instagram in the future for promotions similar to Facebook.
So you can create and upload your profile on different freelancing websites to work as an Instagram consultant and earn money.
7.Make Instagram stories
Every day millions of people watch or create Instagram stories. The main source of attraction to people is such contents are available for a limited period of time on Instagram. So it provides an opportunity for brands to engage their target audience in a short period of time.
In some companies, in-house designers create stories for brands while other companies look outsiders for stories.
Instagram’s popularity is growing very fast so it is a way to present story-making creativity and earn money through Instagram.
8.Review products on Instagram
Paid product review is the best part for influencers to earn money through Instagram. Brands send you a free product hamper and pay for product promotion.
You can decide the amount as per mutual discussion whether it on per post/ story or a particular time period.
9.Earn Money with IGTV
IGTV has become a strong platform for creators to connect deeply with fans and share their talent and lives. If you are a creator then you can share more than 60-second videos on IGTV and make money through Instagram.
This feature has been added for creators recently. Instagram shares 55 percent ad revenue with creators.
It can be attractive for creators who already earning from YouTube and Facebook. Also provides an option for how do celebrities earn money on Instagram. Another benefit is influencers are going to move with their large audience on the video platforms.
Instagram parent company Facebook wants to create IGTV a creator balance revenue split.
10.Live badges
Instagram badges are supported for creators to make money through Instagram from live badges. Viewers can purchase badges during a live video. creators can earn through content they already creating.
Badges appear throughout the live video next to the person’s name. Fans who have purchased badges will stand out in comments with a heart icon. This appears next to his name so that their comment can be more noticed out of the crowd.
They can contribute in three different price levels $0.99,$1.99or $4.99. Different price level signifies different tiers level how much they have contributed for the favorite creator.
Tier one shows a single heart, tier two double, and tier three triple hearts. They can unlock additional features. They also included in creators special list of badge holders.
How many followers you need on Instagram to make money
You can earn money on Instagram by applying the above ways even you are having 1000 followers. But marketers consider some factors before collaboration.
- Niche
If you are working in a food-related niche then food-related brands are going to consider you for collaboration.
- Engagement
How many followers are actively engaged with posts? For example, do they like, share and comment. If you are having a large number of followers, but not participating then it is not going to help you.
- Content
Your content must be catchy, original, and creative.
- Hashtag uses
If your post trends on a hashtag page then you can get a collaboration opportunity.
How Much money can you make on Instagram?
Celebrities are earning thousands of dollars for every post on Instagram. Your income is proportional to reputation, the number of followers, and growing abilities over time on Instagram.
It also depends upon product, marketing, and promotion. If you have just started then you may be earning a little bit. But over time you can see growing income with an increasing number of followers and if you are using better marketing techniques.
You can also learn from successful Instagrammers and combine learning with your strengths so that you can earn more through Instagram.
Instagram user growth rate stats show how Instagram gives money
In 2020 Instagram registered very good growth. Below Instagram, user stats help you to make money through Instagram.
1.Instagram is 11 years old in 2021
Instagram officially launched on 6th October 2010. Till December of the same year 1 million people created an account on Instagram.
2.Instagram ranks 9th in Google search
Instagram is most searchable after Facebook, Amazon, YouTube, etc. It ranks 9th in most searchable queries on Google.
3.More than 1 billion people use Instagram every month
Instagram currently has more than 1 billion active users throughout the world.
4.Instagram is the 4th most used mobile app
After Whatsapp, Facebook, Facebook messenger, Instagram is most used in any mobile apps.
5.The top 5 Countries for Instagram users are
- US 140 million users
- India 140million users
- Brazil 99 million users
- Indonesia 85 million users
- Russia 56 million users
6.On gender characteristics, worldwide Instagram users were in January 2021
- Female 50.8%
- Male 49.2%
7.More than 130 million users tap shopping posts on Instagram
Instagram has rolled out so many shopping features in recent years now brands sell much easier compared to some time back.
You can use Instagram stats for business and features to make money through Instagram.
8.More than 50% of Instagram users explore new content and accounts.
More than half of Instagram users search for new content and accounts by using the Explore Tab. If your content features in the Explorer tab then it gets more exposure to new followers.
9.Instagram has daily 500 million active story users.
However, Instagram has over 1 billion active users. Monthly yet it has more than half of billion story users every day according to reports.
10.58% of people become more interested after seeing the brand in stories.
So you must try Instagram stories to promote the brand and reach more people.
Conclusion how to earn money through Instagram
Instagram is the fastest growing social media platform so it is easy to make money using the above Instagram earning tricks. But it is important to choose the most suited for you. From affiliate marketing to selling videos finally a lot of options are available for you to earn money through Instagram.
It is a good investment of time and effort to get results in long run. It is not too late to start so go for it.
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