- 2. Become an Influencer (Promote Sponsored Post)
- 3. Join Affiliate Programme
- 4. Earn badges through Live videos
Instagram, the popular social media platform, revolutionized the way we share photos and videos. With its unique filters and easy editing tools, it quickly became a go-to platform for visual content.
Today, Instagram boasts over 500,000 active influencers, making it a lucrative space for individuals, brands, and promoters to generate sales.
In this post, we will explore the top 6 strategies to monetize your Instagram presence and tap into the immense earning potential this platform offers. Get ready to discover the secrets to making money on Instagram.
Beyond just being a platform to share photos and short videos, It has evolved to being a source of livelihood for many people. The very fact that you can also harness the potentials of using Instagram to make money online, and to think that you definitely don’t need several thousands or millions of followers is more than enough a reason for you to give it a try.
Hype Auditor made a survey of almost 2 thousand influencers (most based in the U.S.) about how much money they make in 2021. And it was recorded that: The average influencer makes $2,970 per month.
While Micro-influencers (accounts with one thousand to ten thousand followers earn on average $1,420 per month, and mega-influencers (accounts with over one million followers) earn about $15,356 per month. Hype Auditor survey.
With more or less 1,000 or so followers, you can make money on Instagram. The secret, according to well-known digital marketing expert Neil Patel, is having followers who like, share, and comment on your content.
This implies that you don’t need many followers to start making money if you are an expert user of Instagram. Business Insider raised our hope when it says; $901 is the average amount of money an Instagram influencer with 1,000 to 10,000 followers can make per post.
All the above statistics are but to show you that you can make money on Instagram with little or no effort at all.
However, based on Neil Patel’s idea and what I have observed thus far, I will advise that you aim to gain at least 3,000 engaging followers to begin with if you want to make a significant amount of money on Instagram.
I’m not saying you can’t get by with 1000 followers or fewer; I’m simply suggesting you should at least attempt to increase that number.
The more followers you have, the more money you make. See the list of the highest-paid Instagram influencers below; you’ll see that several of them have up to, and more than 300 million followers, which is precisely why they often charge on average $1,400,000 for a single sponsored post.
Three fastest ways of getting massive Instagram followers
Most times it is always advisable to go the organic way in getting Instagram followers, but the truth is, unless you are one unique celebrity, it will take time to build a massive audience online. For this very purpose most people often fast track the process.
What do I mean? instead of going through the stress of building a follower base or audience from scratch, you can actually acquire it through the following three known process:
1. Run massive Instagram ads: This is one of the fastest way creators and online brands swiftly build up their online customer base. You can run specific ad on Instagram to target the set of audience that will like your brand and tends to follow you. To do this you will have to learn how to run an Instagram ads.
2. (a) Buy Instagram Followers: making money on Instagram requires having a good number of follower base, hence, many brands and creators who are eager to become an Instagram sensation (Influencer) consort to buying of Instagram followers.
It may look unsafe. But it’s a method that works nicely if you buy from a credible source. I have acquaintance with Stormlikes and Getafollower, and i must say they are credible sources to get massive Instagram followers in a very short period of time. In fact acquiring a few thousand follower can be pretty cheap as $10.
(b) Buying shout out: Search an Instagram influencer that relates to your niche, and get them to make a mention of your brand or page in their posts. by so doing, you will be gaining some recognition and followers.
3. Buy an Influencer account: To make money on Instagram, if you don’t have followers before, the last option which seems to be the fastest option to start making money and to become an overnight Instagram influencer with lot of followers is to buy an already established Instagram influencer account.
For a few 100 of dollars to a few thousand you can buy a credible Instagram account. Imagine being able to buy an Instagram account with 100k followers with less than 1,000 dollars.
In my own view this is quite a good bargain, knowing how much you can start making on Instagram with such a huge fan base. I have had major success buying on Fameswap for client.
Thus, recommending Fameswap, with Fameswap, you can perform various analysis to spun out the credibility of an account before buying it. And if your aim is getting an account with millions of followers, you will find it there. Fameswap Review
Learn More: How about buying an already established online business. Is that even possible? Check out how to buy online business from Motion Invest and see for yourself.
Learn More: The secret of social media marketing success.
Ebook: Online Business Dirty Internet Marketing Tricks… The tricks may look dirty, yet they are Legal.
Top 5 Instagram Earners in 2021
Celebrities are obviously more well-known than other people, and when they join Instagram, they instantly get thousands of followers.
It’s motivating to see how much money someone can make by becoming an influencer on a social media network, even though that isn’t the same for all of us. The top 5 Instagram earners right now are shown below:
| Highest Paid | Followers in millions | Average Price Per psot |
|---|---|---|
| Cristiano Ronaldo | 475 | $1,604,000 |
| Dwayne ‘The Rock’ Johnson | 334 | $1,523,000 |
| Ariana Grande | 328 | $1,510,000 |
| Kylie Jenner | 365 | $1,494,000 |
| Selena Gomez | 341 | $1,468,000 |
Source:gq.com
How to start making money on Instagram
1. Promote Your Very Own Business
In an Instagram business statistics released by social pilot, more than 25 million businesses uses Instagram to promote their services and products.
It further stated that; 81% of Instagrammers use the platform for researching new products and services. This is to show you that Instagram is quite a nice place to get massive leads or business sales.
Hence, if you have a business, you can set up a professional Instagram business account for it. If you have an online store, be it , shopify, etsy, blog or website, you can provide a link to your profile and by so doing direct people to your store.
Use Instagram to showcase all the great things about your company—specifically, anytime you’re having a sale.
Not only does posting your sale, promo code, or special offer on Instagram advertise a sale to your followers, but it also makes the information easily shareable.
2. Become an Influencer (Promote Sponsored Post)
As in influencer, it means you have some form of authority in a particular niche and as a result, there are lot of people that loves what you do and are actively following you.
To monetize this audience, you can accept sponsored post. Sponsored post here means you get paid for making a shout out, or recommending a particular product or brand in your posts.
If you have some form of following on Instagram, and you do have good engagement on your posts (say 100 likes, 50 comments or more etc) you are in for a big thing.
How to get sponsored on Instagram
So, where do you look for a sponsor? Potential partners may occasionally contact you. However, if you don’t want to wait to be contacted, look into businesses that may assist you in finding and collaborating with brands.
One of such influencer marketing platform is shoutcart. You can check them out.
Two things you can do on Shoutcart: 1. Register as an influencer and 2. Find influencers to promote your business and much more.
Find a service.
Depending on your needs, you can choose any company. The Mobile Media Lab is an agency you can work with directly. Marketplaces like Influicity can help you find partners.
You can manage all of your partner relationships with the aid of other programs like Aspire. A useful place to find sponsored posts is hypeauditor.
Simply create, sponsored posts by:
- Create a video or photo for your Instagram sponsored post
- Include a branded hashtag, mention, or link to promote a brand,
- Share it with your audience
- And the brand pays you.
3. Join Affiliate Programme
The key distinction between an affiliate program and a sponsored article is that, rather than receiving compensation (a set amount) for promoting a product, you instead receive commission.
Depending on how you communicate with the brand you want to promote, you can receive a commission. Per sale of a single product, you can make anywhere between 20% and 75% in commission.
Search for brands, register, obtain your affiliate link, and then share it with your audience are the only requirements.
However, keep in mind that you should only promote goods that are relevant to your business or industry.
If you can work out a discount code for your audience with the brand your’re promoting, you can increase sales by doing so while earning a commission each time your coupon code is used.
4. Earn badges through Live videos
When you share live videos on Instagram using the Live feature, you may get money straight from your audience.
Viewers can purchase badges, which are effectively tips, to help you while you demonstrate your skills, goods, and other things.Badges ranges from $0.99 to $4.99.
People who have purchased them often have comments next to them with heart symbols.
Go to your profile and select Professional Dashboard to enable Live Badges. Then allow for monetization. You’ll notice a button labeled “Set Up Badges” when you’ve been accepted. Once you tap that, you can continue.
To spread the word in advance, advertise your next Live video sessions in articles or stories. Then, to increase engagement and, ideally, badges, try using the Q&A tool or giving shoutouts to commentators while you’re broadcasting.
Learn more: What is Affiliate marketing?
5. Monetize your videos with ads
Allowing sponsors to run adverts during your videos is another method to earn money. To set it up, go to your creator account settings and turn on the in-stream video ad monetization option. Post vids as usual after that.
Your earnings are based on the number of views your video receives in the stream. According to the Instagram for Business website, you will get 55% of the money made from each view. Every month, payments are made.
If your videos don’t adhere to the requirements, you won’t be paid. For instance, videos must be at least two minutes long in order to be profitable. Instagram advises setting a time limit of 2 to 4 minutes.
6. Set up an Instagram Shop
The Instagram Shops are a direct way to monetize the app. The platform’s native e-commerce facilities let users purchase goods, and setting up a store is simple.
The finest thing for impulse buyers are Instagram shops. Along with your usual updates, your shoppable goods or services will appear in the news feeds of your followers.
Setting up an Instagram store is also a good method to offer speedy customer support to those who utilize social media, which is essentially everyone because 75% of global population from the age of 13 do.
Customers can learn more about your brand by messaging you or leaving comments on postings.
The little shop icon will show up on your post when you post something that can be purchased, alerting readers to its availability.
Conclusion and Recommendation
The above are the top 6 ways to make money on instagram. Now that you know these, i suggest that you put some action and get your own bounty of the booty that came with instagram.
Don’t forget, the follower are the top 6 ways to make money on instagram: promote sponsored posts, engaging in affiliate marketing, promote you very own product, earn through badges, monetize your videos. and set up an Instagram shop.
To buy Instagram followers, go to media mister and others.
To buy and already established influencer account, go to Fameswap.
To buy a brand ( a Full blown online business) go to Motion Invest.
To start promoting sponsored post register at Shoutcart.
FAQs
