Instagram is no longer just a social platform to interact with your friends and family and share pictures. It’s a massive business hub that has great commercial value. A study suggests that Instagram will have around 112.5 million daily active users by the end of 2021. Make money with Instagram is a compelling possibility to build up a steady online income.
Recently, Instagram has been flooded with influencer marketing and blogging. This upsurge has attracted businesses to Instagram since they lack the reach and influence that these Instagram celebrities have.
In today’s blog, we’ll talk about how you can leverage your following of a few thousand to help create a steady income stream.
Create & Publish Engaging Sponsored Posts To Make Money On Instagram
Due to consumers’ natural purchasing behavior, brands are forced to interact with Instagram influencers to promote their products. As a result, they pay a good amount of commission per post and story to familiarize them with their brand.
Therefore, if you have decent enough followers, you can partner up with local brands and companies to sponsor their products.
You can post visually appealing photos of the product with a concise and clear caption that could provoke visitors to check out the product. The link to the product can be provided in the bio of your profile.
Affiliate With A Brand To Become A Brand Ambassador
Many big brands and companies prefer extending their influencer marketing ventures by hiring a brand ambassador. These brands have much bigger marketing needs, which can not be catered through only sponsored posts.
Since Instagram is the preferable choice of Influencer marketing platform, it’s perfect for reaching out to brands with your Instagram following and propose a long-term business relationship.
May brands will make you sign a contract in the beginning for a set period of collaboration. They may also send you products frequently to review and publish on your Insta posts and stories. On average, a brand ambassador can easily make up to $40,000 to 50,000.
Partner Up With Affiliate Programs
Additionally, Users can earn a lot of passive income through their Instagram accounts by embedding affiliate links in their stories and Profile bio descriptions. Partnering with affiliate networks and publishers will help you generate a steady income through commissions on each sale.
You can earn up to $70K every month with affiliate marketing on Instagram. Since many networks require many fans and followers, Instagram can easily help you qualify for these Affiliate programs.
Sell And Promote Products & Online Services
Though it’s tough to sell products and services through Instagram directly, you can partner with third-party eCommerce platforms or websites to lead your followers to products featured on other sites online.
Most Instagram users are consumers who use the network to discover new businesses and buy different products.
Instagram Business Account now features the Shop-buttons and price tags that visually appear on your posts and pictures to help consumers make a quick purchasing decision on the spot. It also offers in-app checkout options to make shopping easier for users.
Instagram provides the perfect sales and marketing opportunities to both big brands like Michael Kors and local businesses.
Summary How to Make Money on Instagram
To sum things up, due to its popularity, Instagram has great commercial value and is easily accessible for everybody. The first step to make money on Instagram is creating an audience by posting engaging content. Many brands do pay a good amount of commissions per sale. The advantage of influencers on Instagram is the credibility and trust they have from their audience. Their followers see the Instagramer as a trustworthy expert in a particular niche.
Another possibility is to partner up with affiliate programs. Most companies do usually have their own affiliate program. Or you can join an Affiliate network. The advantage of an affiliate network is that you don’t have to join dozens of individual affiliate programs for each company. Instead, everything is managed from one place and easily comparable. Affiliate networks make your life easier to find good products and compare affiliate commissions and the payment process.