In our previous blog about the top 10 social media influencers, we talked about how big celebrities and sports stars are making millions of dollars on social media. Today we are going to discuss how to make money on Instagram. INSTAGRAM is one of the top 5 apps on the play store and app store in terms of download and has more than 1 billion active users. Most people believe that you can only make money on Instagram if you have millions of followers but that’s not completely true, you can start making money with only a few thousand followers. So let’s start with how can you make money on Instagram.
“The secret of getting ahead is getting started.” – Mark Twain
Let’s start with the most obvious one. So we all know that if you advertise a product or service for a company on Instagram then they will pay you. Most people think that to be an Influencer we need to have millions of followers but that is not true you can start your journey with as few as 5000 followers with a high engagement rate. All you have to do is get in touch with companies who are looking to promote their product or service on the internet and convenience them. With a high engagement rate and conversion, people are making up to $10000 per post with only a few thousand followers.
In our previous blogs, we had discussed affiliate marketing and the top affiliate marketing programs. Promoting your affiliate links on Instagram is not much different than a sponsored ad, but due to Instagram policies, clickable links are not allowed in your posts so it makes it a little difficult to take your followers to your affiliate product. But still, you can post your link in your bio or use your special affiliate ID to guide your followers to the products. Affiliate marketing is one of the best ways to earn on Instagram as your income is only limited to your skills of convincing people to buy products.
Instagram allows you to link your e-commerce store directly with your profile. You can promote your product in your stories, posts and reels and then Instagram lets customers go directly to your online store with just a click of a button. It requires creativity at your end to convenience people to invest in your brand.
In March 2021 Instagram launched a new feature in U.S, U.K and Australia in IGTV, which allow a content creator to place ads in their videos on IGTV. Instagram has announced that content creators will get 55% of that revenue which is similar to YouTube. Instagram has also announced that it will soon launch this feature worldwide.
If you are one of the people who often go live on Instagram and have a great engagement from your followers then this is for you. Similar to other live streaming platforms Instagram has also launched badges where your followers can send you badges while you are live on Instagram.
These are a few of the top ways to earn money on Instagram. If you use Instagram on daily basis and wish that you could post on Instagram from your computer then check out our previous blog.
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