How does one make money on Instagram?
Making money on Instagram depends on a few factors, including your audience, engagement, and type of content.
What does this mean?
You need followers to earn from Instagram. Not necessarily a million, but a sizeable number that makes you recognizable as an influencer.
Having a small following of about 1000 or more, for example, positions you as a nano-influencer.
What’s more?
Have close relationships with your audience, high engagement rates, and follower trust.
As for content, make it category or niche-specific, be passionate about it, and knowledgeable. This way, your followers consider you a trusted source for recommendations in that niche.
Short explainer video posting on Instagram is a great way to increase engagement and Instgrmers can create and edit videos with the help of the best video editing software.
Once you sort these aspects of your Instagram account, then you can easily make money off Instagram.
The following are some methods you can use:
1. Sponsored Content
You can create content in partnership with brands and get paid for it.
How does this work?
You create content that promotes a product or service and get paid for the post or a series of posts. The content should, however, blend in with your other content to avoid appearing overly promotional.
2. Teach a Skill
Do you have a skill you can teach your audience?
It could be a skill that helps your audience solve problems or educates them. Organize this knowledge into digestible formats like video and audio courses or ebooks.
You can then use Instagram to promote your content or to offer previews showcasing what the content talks about. Another option is to provide links in your bio or Story directing people to the content.
3. Affiliate Marketing
Affiliate marketing allows you to earn a commission from the sales you generate.
Essentially, you become a brand’s product or service ambassador. They provide you with a link or promo code that you use when promoting these products.
When someone buys the product using the code or link, you earn a percentage of the sale.
Need more ways to monetize your account?
Check out the infographic below from ShaneBarker.com. It offers various additional methods you can implement to earn a fortune with your account.
Infographic via ShaneBarker.com