Are you wondering how to make money on Instagram? There are actually a number of ways to earn money, but some are better than others. The top ways are:
1. Sponsored Posts
One of the most common ways to make money on Instagram is via sponsored posts. These are posts that promote services and/or products offered by a business. For example, if a clothing brand wants you to promote their clothes, then they could offer you money to create posts about their clothes. These posts will be considered sponsored posts.
You’ll want to find brands that are willing to pay you to post about them, their products and/or services. This can be done via direct messaging brands or by joining a platform that specializes in connecting brands with users on Instagram.
In order to increase your chances of attracting brands, you’ll want to build your following. Try to get at least 10,000 to 15,000 followers before you start messaging brands. Also, make sure you post on a regular basis because this can increase engagement among your personal posts. Brands like to see engagement because it means your sponsored posts will likely get engagement too.
2. Affiliate Marketing
Brands and businesses are always on the lookout for influencers willing to promote their products/services in exchange for commissions. This is known as affiliate marketing. You can join several influencer affiliate programs and start making money when your efforts on Instagram result in a sale.
The key to making as much money as possible with affiliate marketing on Instagram is to join programs that pay very well. Also, your following count doesn’t matter. As long as you can generate sales, you can earn a lot of cash.
3. Live Badges
Instagram has a feature called ‘Live Badges’. It enables you to earn money from your audience when you share live videos. To do this, you have to go live on video, and your viewers can purchase badges. These badges cost $4.99, $1.99 or $0.99. You’re essentially being tipped when your viewers buy badges.
To get the most from the feature, you should start spreading the word about your upcoming live sessions weeks beforehand. Generally speaking, the more people who view your live video, the more badges you’ll receive. In turn, you’ll make more money.
4. Sell Physical And Digital Products
Instagram can help you generate a lot of money if you sell digital or physical products. Instagram users turn to the photo-sharing site to find products, which is why the platform has features such as the shop button and an in-app checkout option. Such features make it easier for users to shop and pay for products.
You can sell digital and physical products right from Instagram or on your own website. If you choose the latter, you can promote your website on Instagram.
5. Find Freelance Clients
You can make money on Instagram by finding freelance clients. Finding potential clients on Instagram is easy. You can send messages to the clients and create videos with a call-to-action at the end.
As for what type of services you can offer, you have many options. For example, you can offer copywriting, social media marketing, video creation or consultant services. These are only a handful of services you can offer to your Instagram followers.
Before you message businesses on Instagram, decide what services you’ll offer. Figure out how much you’ll charge. After you know these things, then go ahead and find potential clients.
6. Instagram Reels Bonuses
A relatively new way to make money on Instagram is via ‘Reels Bonuses’. It’s a program in which Instagram pays users whose Instagram Reels receive at least 1,000 views in 30 days. You’ll need to qualify for the bonus, and the bonus isn’t available to everyone. Currently, you have to be based in the United States to be eligible.
Here’s a tip: create as many reels as possible over the course of a few weeks. Once your Reels gain traction, Instagram may notify you that you qualify for their bonus program.
Those are six of the most popular ways to make money on Instagram. Feel free to focus on one method or several methods. Just make sure you put in the ongoing effort and be patient. As time goes by, you could end up making money on Instagram.
