Three Ways to Make Money on Instagram

Three Ways to Make Money on Instagram

Instagram is one of the best places to make money. Want to know how? Well, you are in the right place. Here in this article, we will discuss with you some ways in which people make money from Instagram and on Instagram. Let us take a look at these options one by one.  

Three Ways to Make Money on Instagram

Become an Instagram influencer 

Do you know who a social media influencer is? Any person on social media who recommends any service or product on their personal social media handle in exchange for free benefits or monetary compensation is known as a social media influencer. As a platform, Instagram emphasizes images; it is, thus, the perfect place to grow your influence business around the B2B services or products.

Long story short, any product that can make for a compelling image can do exceedingly well on Instagram, says Anaida, who offers social media management services for a platform that provides the online java homework help 

Some of the categories in which one can be an influencer are:  

  • Travel 
  • Fashion
  • Cooking
  • Fitness or Health

Today people are receptive to the idea of influencer marketing. So, anyone who has a good number of followers on their social media handles, and possesses an incredible ability to take captivating images, can be a social media influencer.    

When you decide to be an Instagram influencer, you primarily have two options to feature brands through your posts. One is via sponsorships, and the other is via affiliate marketing.  

You will avail of a flat fee for mentioning the product in your Instagram post in a sponsored post. For instance, you have to create a sponsored post for a hair mask, you can create an Instagram video in which you apply the mask, and you can get paid for it. A good influencer is one who can do it most organically and naturally. 

On the other hand, in affiliate marketing, you receive compensation in exchange for every purchase that someone makes. So, you make a small percentage of every sale that occurs via your Instagram profile.  

Generally speaking, as an influencer, you should opt for sponsored posts over an affiliate deal, says Nathan, an associate with TrumpLearning and is himself a fitness influencer on Instagram. It is true because, on average, you make more money via sponsored posts as opposed to affiliate posts. However, you can agree to do affiliate posts for a few products that your audience simply loves.   

Become a brand ambassador 

If you wish to earn success as an influencer, you can now do it by becoming a brand ambassador. It is possible if a company wishes to enter into an ongoing partnership with you. So, as part of this association with a brand or company, you will be under an obligation to create a certain number of posts over a period of period. It can even be a lifelong deal. But how do you land up such a deal? 

To become a digital brand ambassador for a company, you need a very high following on your handle, says Nancy, who is an educator who offers economics homework help who is a food blogger herself. Companies will put their money on you only if you can fetch many eyeballs on their products. So, if you have only a few 100 or thousand followers, you will have to wait a while to land this deal.  

You might also see some success as a digital brand ambassador if you deal in a particular niche. Let us understand this a bit. Take a moment, and think of all the people you follow on Instagram beyond your friends and colleagues.

You will realize that these are all the people who share a common interest with you. You follow a beauty blogger because you want to know new makeup hacks, you follow a fashion blogger because you want to learn interesting ways to style your dress, and you follow a chef because you want to learn new recipes. As you know, these are all varied interests.

However, there is one thing, which all of them have in common, and that is the visual storytelling. 

Start your eCommerce store on Instagram 

Have a product to sell? There is no better place than Instagram to market your products, says Mia, who who works with TFTH. With Instagram, you get access to many tools, which make it easy for you to make direct sales.      

You can do this for any product that you own. From stationery to clothes, you can use Instagram to sell it all.  

How to do that? 

To convert your Instagram account into a digital store, you will have to follow a few steps.  

Step 1  

Convert your personal Instagram profile into a Business account 

Firstly, to sell something on Instagram, you need a business profile. Switching to a business profile is easy and free. Creating your business profile will not take more than a few minutes.  

Step 2  

Make a product catalogue 

If you wish to feature some products in your social media posts, you will have to extract them from a store catalogue. You can pick any prominent e-commerce platform to establish your store. So, then, you can connect the product catalogue to your social media.  

Step 3 – Get an approval 

Lastly, Instagram will take a while to review your business profile. So, once you are ready, Instagram will approve your account for shopping. After you get the approval, you can start incorporating your services or products into the posts.