Instagram is a photo and video sharing social networking platform that emphasizes photo and video sharing via its mobile app. Once you sign up by creating an account, Instagram allows you to share your photos, videos and stories with your friends and followers.
It is one of the fastest growing social media platforms with an average of one billion active users every month. Yeah! 1 billion. So how can one make money on Instagram? Let’s start with the basics, creating an account.
Creating an Instagram Account.
How exactly do you create an Instagram account? Let’s follow these easy steps in order to sign in.
You can now start looking into ways of earning money on Instagram which is what we shall be discussing right away.
This simply refers to the process by which a user earns revenue via an Instagram account. This reduces the amount of physical and manual labour by enabling you to make money in the comfort of your own home. Earning money digitally is the future of the economic industry in the world.
How to make money on Instagram.
There are several ways one can earn money on Instagram. They include:
Become an influencer and make money from sponsored posts.
With the rising popularity of influencer marketing and brands spending tons on money on it, it has become a lucrative way for people to earn money. In order to become an Instagram influencer, you need to follow the simple steps below:
Become an Affiliate and Make Money Selling Other People’s products.
Affiliate marketing for influencers is essentially a way to earn a commission payment on the clicks or sales you drive on behalf of brands. It involves the brand, the affiliate, the influencers and the customer. Influencers use affiliate links to track how many sales were made.
There are two main types:
There are numerous affiliate markets on Instagram that contain a wide variety of products and services for influencers and bloggers to promote. For example:
How to set up and Affiliate Marketing Program on Instagram.
Start by picking an affiliate network such as the ones described above. You will enjoy benefits such as tracking, technology, reporting tools along with exposure to influencers who already use affiliate networks.
Next, set your commission rates by analysing your profit margins, conducting competitor analysis and asking your affiliate networks because they have a lot of experience.
Create a compelling affiliate program with the option to unlock extra rewards. This can really motivate influencers to promote your brands and services.
Find influencers to partner with on Instagram: Be sure to send over some sort of brand guidelines and resources to help with their affiliate content creation!
Analyse and adjust: Make sure to look at the detailed reporting available that will show you how many affiliate links have been generated for your brand, how many clicks they’ve driven, and also the total sales value.
Become a Virtual Assistant to an Influencer.
You must be knowledgeable in how to manoeuvre through social media platforms and utilize analytics software to garnish valuable data for marketing campaigns.
Sell Instagram Caption Services.
Instagram captions are useful in increasing your website traffic, helping you get more Instagram followers and even improving your sales.
Writing a good Instagram caption involves:
Sell photos and other virtual products.
The easiest way to make money on Instagram is by setting up an Instagram Shopping account. People can click on the shop tab available under your profile and reach your online shop without leaving Instagram. This is very convenient and easy to use.
Sell your own physical products.
You can create a page on Instagram to sell physical products by posting their photos. The photos should be well lit and at angle appealing to the customer with the price mentioned in the caption in order to attract sales. For example, thrift shops are rising at a very high rate across all social media platforms. You can offer delivery services to the consumer at a small fee. In this way, you will have already earned revenue.
Drop shipping is a low-risk business model that allows you to sell products to your customers without incurring huge running costs like a wholesaler would have. In order to promote drop shipping on Instagram, you will need to follow these simple steps:
Becoming an Instagram Model.
Depending on the number of followers you have in your account, companies may pay you to endorse their products because they know the posts will be viewed by a large audience. The higher the number of followers, the higher the pay.
You can earn money by posting videos of products and services you would like to sell or offer. You can also earn through videos by creating sponsored posts for brands that want to get in front of your audience.
In conclusion, there are many options you can explore if you are interested in making money through Instagram. Don’t just lie around all day. Get up and start earning today!