With more than 1 billion active users, Instagram is a highly paid social media for persons and companies. Here are ways to earn money on Instagram:
Influencer Marketing
- Selling sponsored posts to brands – for $100- $1000 per post.
- To coercatively communicate to your audience about your products/services, do the following:
- Take advantage of the Instangram’s “branded content” feature
Affiliate Marketing
- Use affiliate links on the products or services being offered.
- Being an affiliate, you are paid 5-10% commission of the product’s price whenever you make a sale.
- Affiliate networks are as follows; amazon associates ShareASale
Selling Products/Services
- Take advantage of Instagram Shopping ($100-$1,000 per month)
- Promote subscriptions (e.g. to a blog, books, coaching), online courses
- Provide photography (consultancy) services
Instagram Ads
- You have to come up with ads that are relevant to the needs of your business.
- Pay per click, or pay per impression as they may also be called.
- Advertise on Instagram Using Instagram advertising features
Brand Ambassadors
- Develop effective long term relationships with brands
- Earn $1,000-$10,000 per month
- Include brands into your content
Sponsored Stories
- Works with brands for sponsored stories
- Earn $100-$1,000 per story
- Management should take advantage of the Instagram ‘Swipes up’ feature.
Instagram Live
- Log additional income through Live Badges from $100 -$1000 per stream.
- Only receive tips and gifts from viewers
- Take advantage of the Live Shopping option on Instagram
Tips:
- Have people who are passionate about supporting a team’s performance
- Same as in case with advertising: Create a high quality and relevant content
- Implementation of Instagram options – Instagram Stories, Instagram Reels
- Engage with your audience
- Leverage your niche expertise
Potential Earnings:
- $100-$10,000 per month depend on niche, audience, and engagement.
You can transform your account into a profitable enterprise through the use of these approaches.
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