Instagram is unquestionably one of my preferred social media platforms. It’s not only a way of sharing your life with friends and family, but it’s also a fantastic way to earn a lot of money.
Best of all, you don’t need a large following, and there are multiple ways to earn money. This article will go over seven of my favourite ways to make money through Instagram.
1) Earn money for sponsored posts
2) Share affiliate links
3) Create an Instagram shop
4) Profit from your content
5) Become an Instagram trainer
6) Promote your brand
7) Teach your audience
Ready? Let’s get started.
Why Should You Learn Instagram Money Making?
Instagram is still one of the most popular social media apps, despite competition from other platforms, it is still striving.
In fact, Instagram app instals will surpass their previous all-time high by 10% in the fourth quarter of 2021. The platform’s active user base is also impressive. Instagram now has 500 million daily active users. Doesn’t that sound fantastic?
According to influence.co, Instagram accounts with more than one million followers can earn at least $1000 per post.
There’s more good news for potential influencers. You don’t have to be a known personality to make money on Instagram. Many micro-influencers with thousands of followers earn a good living.
What You’ll Need to Start Making Money on Instagram?
You need three things to make money on Instagram: reach, impact, and involved followers.
Influence and Reach
Businesses only pay Instagram users for the visibility to the audiences they receive in exchange. These brands are only keen in influencers with huge audiences because it is worth their time. They can make more money if their audience is larger.
Your potential audience size is small if you only have a few hundred Instagram followers to begin with. With such a small sample size, your content is unlikely to be seen by a large number of people, let alone drive sales to your or a brand’s products.
To make money, you must have at least a few thousand followers to get started.
Followers Who Are Involved
Yes, having more followers helps boost your ego. It boosts your odds of making an appearance in more Instagram feeds arithmetically. Even so, a large follower base does not always imply high engagement, and shadow banning on Instagram can result in little to no reach.
The problem is that if everyone is turned off by your posts, they are unlikely to buy anything you endorse.
If people rarely comment, like, share, and follow you on Instagram, it doesn’t matter how large your following is: your chances of earning money are slender.
Stay tuned for Part 2 to learn more about the seven Instagram money-making strategies!