Instagram has rapidly gained over one billion active users as it is one of the fastest-growing social media platforms. The platform has come a long way from a photo-sharing app to a hub of business activity in just over ten years. Instagram also introduces new features and tools almost every week, bringing new avenues for people to make money from Instagram.
6 tips to make money from Instagram
According to Instagram Business, 60% of people use this platform to discover new products. While 80% follow at least one brand, 200 million accounts check out a business profile daily, and 66% of profile visits are non-followers.
So, if you are already in the initial stages of learning how to earn from your Instagram account or are just interested in doing so, here are some tips you can implement to gain from the platform this year.
Let’s get started!
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Make money from Instagram through affiliate programs
Affiliate marketing involves earning commissions every time you promote a brand’s products or services and drive sales.
Many Instagrammers opt for affiliate programs by creating engaging posts to promote and sell someone else’s products. They make money through a trackable link when someone from their Insta-audience purchases it. The affiliates also pair the post with a fun and captivating caption.
To do this, look into joining affiliate networks like Shareasale, Clickbank, Awin, or you can opt for individual affiliate programs.
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Sell products through the Instagram store
One of the best ways to earn from Instagram is to use Instagram Shop for buyers to have an immersive shopping experience. With the addition of the ‘shop feature,’ Instagram has become a one-stop shop for your Insta-audience that allows you to integrate your product catalog with your Instagram profiles and lets users explore and discover your products.
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Become an influencer and publish sponsored posts
With the growing popularity of Influencer Marketing and brands willing to spend tons of money on social media influencers, it has become a lucrative way of earning money on Instagram. If you are unfamiliar, an influencer has built a loyal following by regularly sharing content on their social media accounts. They can sway the audience’s opinion to follow trends and buy products. Brands partner with influencers to do sponsored posts that help create awareness about their products and provide vast reach.
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Offer Instagram management services
If you know how to swim in the social media waters, you can use that to lend your Social Media Managing services to brands. You can plan on the type of content you will post to bring engagement, collaborate with influencers, use relevant hashtags, run ad campaigns, etc., to bring business to the brand. So, through Instagram, you get many opportunities to find freelance gigs and make the most out of your social media knowledge.
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Content creators are likely to get paid for reels
Instagram is working on a “Bonuses” feature that will let content creators earn by making reels. This feature will be accessible by the content creators who have a good audience reach. They are likely to get a dashboard where they can keep track of their earning progress.
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Write captions for businesses
If your writing skill is impeccable and you can entice people to engage with your posts, then you use this skill to earn from Instagram. You can find some clients to assist them with thought-provoking captions that drive sales.
The Bottom-Line
A large chunk of people is active on Instagram every single day. It is the rapidly evolving social media platform with the highest engagement. From being an affiliate and writing captions for businesses, there are many creative ways to make money from Instagram. Moreover, your creativity, originality, reach, and influence is critical factors in successfully opening up opportunities for content creators.
If you need professional assistance on Social Media Marketing & Managing services. You can contact us at BrandImprint.