How - To : Make Money On Instagram With Your Account
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How To Make Money On Instagram
Instagram is one of the most popular social media platforms and one of the most profitable for people looking to make money. Even when you go to other platforms like TikTok, you have hopeful influencers directing you to their Instagram account because that is where the real money is made for them.
Keep reading for a beginner’s guide on making money on Instagram without having millions of followers.
Don’t You Need Millions Of Followers On Instagram?
While a reasonable follower count is important, you don’t need millions of followers to make money on Instagram. It’s more important to have engaged followers who like, comment, and share your content with other people.
Is it better to have 5,000 engaged followers actively enjoying your content, liking, and commenting, or have 50,000 followers but limited engagement and nobody enjoying your content? A follower count is fun, but you need real followers interested in what you’re doing to make money.
At a minimum, you do want to build a follower count to 1,000 to even consider making money, and 10,000 makes it a little more realistic. Because even with 100 engaged followers, it’s going to be tough to make money, but you need to start somewhere, so just keep going and working on it.
Top Ways To Make Money On Instagram
Once you’ve built a good following of people that engage with your content, you’ll be able to monetize your followers, though it’s important to stay authentic and transparent with what you’re doing; otherwise, you may lose your following.
People don’t mind supporting you in new ventures, as long as they don’t feel like they’re being used or everything is just about money with you.
Become An Influencer And Promote Brands
One of the most lucrative options for making money on Instagram is to promote brands to your followers. You partner with a brand or company and create a sponsored post that gets your followers interested in and visiting your paid partner.
It’s essential to make sure that you partner with brands that relate to your content or that your followers would be interested in. For example, if people follow you because you give fantastic reviews about restaurants, you may not do well by partnering with a baby products brand.
You can reach out directly to brands you want to work with, connect with an influencer agency, or use the Instagram Brands Collabs Manager.
Become An Affiliate Marketer
Sign up with an affiliate program, find products or services that align with your content and make some posts about those products. You can include links that contain your affiliate code so that anybody clicking on and buying anything earns you a commission.
You can share your affiliate link in the posts you make, in your stories, and your bio. Because your bio only allows one link, consider using a link landing page like Linktree that gives people a landing page to your promoted products and even your website or other social media accounts.
Get Tipped For Your Content
If you’re somebody that likes to engage with and talk to your followers, then Instagram Live is a great option that allows your followers to tip you by buying badges, those badges cost between 0.99 and $4.99, and you get part of the profit from that purchase.
Make your lives enjoyable so that followers look forward to seeing you and actually want to tip you for entertaining them. Just sitting there with a live stream while you watch TV may not be a great choice to earn a lot of money.
Take your followers on an adventure somewhere, show them how to do something you’re good at, or have a Q&A session so they can get to know you better. If you engage with your followers, they’ll engage with and tip you.
Promote Your Business
Instead of promoting affiliate links or other brands, you can use Instagram to promote your own business. Whether you’re a physical store looking to bring people in or a dropshipper that has products for sale, you can use Instagram to drive traffic to your store or build leads to sell services to.
Many people on Instagram use their accounts to sell online services such as nutrition or fitness coaching and online marketing coaching. If you can provide free content that gets people interested, then you can convert them into paid customers.
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