5 Ways to Make Money on Instagram
A lot of people are curious about how to make money 💰 on Instagram account, get collaboration with brands or become sponsored. It is not hard as it may seam and you don’t need thousand of followers to start doing it but it could give you a boost in monetizing your account, learn 5 Ways to Grow your Instagram. In this article, you will learn everything you need to know about how to monetize your Instagram.
Some Instagram Influencers have been making a killing on the platform by monetizing their audience, getting paid up to $1,000 for a single post! Even some kids are getting paid for a sponsored post more than their parents that have a good job. That is crazy! However, there are many Influencers out there that are struggling really hard to make their first sale… That’s why just below, I have gathered these methods:
A passive income off Instagram by driving traffic to other stores or products. Thanks to affiliate networks you can earn commissions off the sales that you generate.
Some of the popular are:
I myself is an affiliate to Booking.com, Tripadvisor, Expedia, TUI, Hotelopia and more. All of them are a part of Awin network but other have good brands too. Same brand can be a part of two networks at the same time but offers higher commission only on one of them so always compare.
You can put a link in your bio description on Instagram. You can also put links in story but you will need 10,000 followers to unlock it… Instagram Influencers have been able to produce extremely profitable posts. You can generate thousands of dollars in commissions off one product!
If you want to monetize your audience on Instagram, but don’t want to create a product yourself. Then affiliate networks are the perfect start for making money on Instagram. All you need to do to start making commissions is to drive traffic! It’s simple, easy & effective.
How does it work?
Let’s say you post pictures of yourself. You bought a t-shirt and you know that some store that you are connected to on affiliate network sells it too. You post a picture wearing it and recommending others to buy it. You link to that product from your bio description on Instagram and tell everyone in your post to follow the link. Every time someone clicks on it and makes a purchase you get a commissions for it!
Commissions are usually around 5-20% and you know what? That person does not need to buy something at that store right now. Most of the stores usually allows a purchase to be made with 20-30 days so you can still get a commission.
Everything tracks automatically so you don’t need to report anything or even talk to anyone. Just post links, generate traffic to some store and wait for someone to buy something.
Instagram is limited to only 1 link in bio… That is not cool… Here what many Influencers do to get rid of that limitation. They simply start a blog (Learn how to start a free blog or premium blog) and link to it from their Instagram and then put as many links in their blog to other product as they want.
How does it work?
Let’s say you bought a t-shirt, posted a picture on Instagram with recommendation to buy it and write something like “see this outfit 22 in my blog” and post a link to your blog in bio description on Instagram. In your blog you create articles about different outfits and give a name to one of them like “Outfit 22” where you post a link to that t-shirt and as many other links to different products as you want.
3. Brand Sponsorship
One of the best methods to monetize Instagram is through brand sponsorship. When Instagram accounts reach a certain level of influence in a niche and gets at least 1000 followers. Your feed becomes extremely valuable to businesses looking to market a product. Becoming sponsored by a brand is much more official and long term.
Brand sponsorship typically imply that you receive free gear or merchandise, in addition to an affiliate code to earn commissions. In exchange, you will promote the brand on your Instagram account to increase brand awareness and sales. Don’t be afraid, find some brands that you might promote on you Instagram and send an email to them.
4. Selling shoutouts
Selling shoutouts is exactly like selling ad space on your account feed or story. Clients will purchase a posting slot in your content that will last a specified amount of time. Their post is used to generate more followers, brand awareness, traffic, etc. Selling shoutouts is like freelance work.
5. Content Creator
Many brands struggle with creating good content. They either don’t have the time or skills necessary to devote to content creation.
This is where Content Creators come in great use. Your mastery in content creation & publication using your own unique filters or premium filters can help brands provide more value to their community.
The feed on your Instagram account can serve as a standard basis for content quality. The quality pictures and detailed captions will have brands desperately reaching out to you to produce content for them or you offer the help.
These are some of the popular methods today so go ahead now connect to affiliate networks and find the brands you want to collab with.
Are you making money on Instagram already? What is your way? Leave a comment.