Instagram is one of the most exciting and dynamic social media platforms online today. The company is continuously innovating and providing new ways for users to share content, both publicly and privately.
While many Instagram members use the app to share their content with friends, a growing number of members use it to reach a global audience.
Social Influencer Marketing
If you have a substantial following on Instagram, then you have the potential to make money on Instagram by influencing the products and services that your followers use.
Many brands are tapping into this by working with successful Instagrammers to promote their products.
The brand will have the Instagrammer try their product or service and then share pictures on their page.
The Instagrammer will then make money from the brand as a sponsorship.
In essence, this is similar to the concept of buying ad space on a popular TV show or website, but having the Instagrammer try the product themselves and promote it makes the advertisement feel much more personal.
This strategy has become extremely useful over the past few years, and many up-and-coming brands have built their customer bases using Instagram.
Are you ready to grow your audience, turn followers into paying customers + become known as an expert in your space?
Another great way to make money on Instagram is by putting affiliate links in your photo descriptions or in your biography.
Affiliate links are links to products or brands that you are associated with and that you promote on your page.
The difference between an affiliate link and a full brand sponsorship is that the money you make from affiliate links will be directly correlated with the number of people who click on the link or the number of people who buy a product from the affiliate link.
Businesses love working with social media companies to generate leads, and it is easier to work with a brand to get affiliate links than it is to get a full sponsorship.
You can put as many affiliate links as you want on your profile, so if you work with several different brands and have a significant following on Instagram, you can potentially make a substantial paycheck just using affiliate links.
Brands may reach out to you to become an Instagram affiliate, but you can also contact up-and-coming brands that are known to provide affiliate links and see if they are interested in working with you.
Clickbank is a popular affiliate network where many Instagram affiliates get started.
If you have a broad online network and are excellent at developing relationships with others, this can turn into an easy moneymaking opportunity.
The trick to success in multi-level marketing is dividing your time between selling products on your own and recruiting new Instagrammers to your team.
Furthermore, the more members you have in your personal sales network, the more money you’ll make. Likewise, there are multi-level marketing companies in various industries, they are particularly common in the health and beauty sectors.
To get started, do a broad search online for multi-level marketing companies that succeed through Instagram. Next, reach out to their users to learn more about the kind of work involved and the benefits you’ll get.
After that, you can then join the company that makes the most sense for your interests, as well as your Instagram brand.
Use Instagram to Drive Traffic to Your Blog or Website
If you already have a monetized blog or website or are looking to start one, Instagram is a great way to drive traffic and increase your ad revenue.
Start an Instagram that shares some of the best photos from your blog, and be sure to time your Instagram posts to release new content on the site.
Certainly, Include links with each post, as well as a link in bio, and encourage followers to check your site for more content.
It can be very lucrative to run a blog and an Instagram page that work together to drive traffic to each other.
New followers who find you on Instagram will then be motivated to check out your blog, increasing your revenue from ads and clicks on your site.
Instagram users love following accounts that consistently post high-quality images and videos. The better your content is, the more likely your account will stand out and gain new viewers.
There are many tricks you can use to boost your following as well. Be sure to tag your photos with popular hashtags and locations that will attract relevant viewers.
You can also network with other Instagrammers that you love. Connect with them via comments or messages.
By tapping into your network of Instagram friends to promote your content, you can gain views and followers quickly.
This network leads to a better paycheck and more interest from brands when you monetize your Instagram page.
How Many Instagram Followers Do I Need To Become an Influencer?
A Micro-Influencer is in the 5000 to 10,000 follower range. Some brands and affiliate programs are happy to work with micro-influencers. An account with 100,000 followers or more is often approached directly with offers from brands.
How Much Money Can I Make On Instagram
While there is no limit to how much you can earn on Instagram, it’s possible to earn more than 6-figures annually through sponsorships, influencer marketing, affiliate marketing, coaching, services, and product sales.
According to Fox Business, an average influencer can make anywhere from $30,000 to $100,000 each year by promoting products like clothing, food, hotels, and even vitamin supplements on their Instagram pages.