5 Best Ways To Make Money On Instagram
In case you’re searching for ways to use your Instagram account and its followers, there are a bunch of ways that you can make some income with it. Instagram, with its attention on rich media, empowers you to make captivating user-created advertisements, giving you the potential for money through sponsored posts, affiliate marketing, photograph deals, and the sky is the limit from there. Those are just 3 of 5 best ways to make money on Instagram.
And the best thing? You can do this even if you don’t have thousands of followers you can make loads of money with Instagram. It’s all about how well you advertise your rich media. If you follow along below, I’ll show you how you can make money using your Instagram account.
Sponsored posts are one of only a handful of techniques for profiting on Instagram that will expect you to have a bunch of followers. Sponsored posts are generally given to you by organizations that need to get their items out there in front of as many people as possible. All things considered, companies need and want a large number of impressions, and will pay very well for that. It works on a CPM model, so you’ll get paid per thousand impressions. How much your CPM is all relies upon the organization, their value, and the number of followers you have in your Instagram account. Be that as it may, if you somehow happened to get a $10 CPM, you would get $10 per 1,000 impressions, or per 1,000 views. In the event that your ad was to get 10,000 views, you would get $100. It works extremely well, and you can make a lot of money.
Keep in mind that when approaching organizations about a sponsored post, you should have your Instagram account’s analytics on hand.
You can also use Instagram for making money with affiliate marketing. The rich media aspect of Instagram will pull visitors into your post, and they might be more interested in a product this way, thus urging them to buy. Companies will give you a trackable link that you can give potential customers, and when they buy from that link, you get a percentage of the sale.
The downside is that you cannot put clickable links in posts, so you’d actually have to put it in your bio or in the message details. You can only have one clickable link in a bio, so you would be limited to advertising just a single product at a time. Most people do this by making Instagram posts about products they’re advertising, and then say “link in bio” as the description.
If you are new to affiliate marketing you will want to familiarize yourself with how to get started with affiliate marketing so you understand all that it entails. When I started affiliate marketing I got all my training with Wealthy Affiliate and became a member of their awesome community. It was one of the smartest decisions I have ever made.
Promote Your Business
You can also use Instagram to promote your online business. Using rich media, you can advertise various aspects of your business, hopefully bringing in more income for it in different ways, whether that be through trying to sell products or services in your business or simply by advertising it and getting the name out.
The 80-20 rule for posting about your business is usually a good method. 80% of your posts should be things other than your product or service. You can still post about your business in that 80%, but only 20% should actually be about trying to sell the product. Generally, one would offer different discounts and coupon codes exclusive to Instagram followers only.
If you’re an Instagram professional, you might even be able to sell your photos for a profit. Granted, this does require some good photography skills, but with a little practice, you shouldn’t have trouble creating some excellent stock photography. The neat thing about Instagram is that, for the most part, you’re taking authentic photos. You’re more likely to sell your authentic photos than a staged, stock photo. You can do this through sites like Foap, where brands will look to crowdsource excellent quality photos. You can earn about $5 per photo, but if the brand likes your photo, they might have you do more, specific photos, for which you get paid a lot more for.
Use It To Promote YouTube
Instagram is an excellent way to boost your YouTube channel income as well. You can use Instagram to send followers to your YouTube videos, primarily because Instagram is all about rich media. That said, you can do things like post short couple-second video clips to your Instagram account to advertise a new YouTube video that was posted on your account. This can increase your viewership, and thus increase your ad impressions. That means more money for you.
As you can see, there are a lot of great ways that you can leverage Instagram to make money for you. If you have a good follower base just sitting around, it might be time to consider using that to make a good side income.
I do believe that these are the 5 best ways to make money on Instagram. If you have anything that you would like to add or you have questions please do so below. Good luck!