Instagram is a great social media platforms. You’ve probably heard stories of Instagrammers who earn money from Instagram.
Instagram is very popular among the young generation and is used for entertainment purposes. But, if used in the right way, it can generate amazing results and can help you earn money because of its vast engagement.
Instagram has emerged as a marketing platform for all kinds of brands, influencers and especially for people in the fashion and entertainment niche. Everyone needs to know how to be actibe there and earn money.
Table of Contents
The Most Profitable Niche To Earn Money from Instagram:
- Health and Fitness
Let us discuss some of the ways to earn money from Instagram.
How to earn money from Instagram?
1. Become an influencer and earn money from sponsored posts
If you have some good number of followers, then can become an influencer and brands will reach you out for sponsored posts. It is the best way to earn money from Instagram.
An influencer is someone who has developed a reputation and decent following by regularly posting on their social accounts. They’re able to convince their audiences about new trends and buy certain products.
Brands reach out to influencers to do sponsored posts that help them promote their products. As an influencer, you need to understand your audience, their interests, needs and wants. Sponsored posts are a great way to make money from Instagram. It is really the advantages of social media.
You can reach out to the brands directly through Instagram or their websites to negotiate a deal. You can also list yourself as an influencer in the marketplace to improve your chances of being noticed by a big brand.
It is always a great idea to use a hashtag that let people recognise your sponsored posts (something like #sponsored or #ad).
2. Affiliate Marketing
You can sell other’s products and get a commission. You can find a lot of people who earn money from Instagram through affiliate programs.
Difference between an influencer and an affiliate?
An affiliate works in making sales for the partnered brand in exchange for a commission. On the other hand, an influencer aims to create awareness.
Affiliates earn money from Instagram through a promo code or a trackable link to track how many sales came directly from their posts.
Create engaging posts by which you can promote the products. They usually share their product link in bio and spread the word on Instagram posts and stories.
3. Sell photos and other virtual products
Instagram is all about photos and visuals. That’s how beautiful products and pictures get more sales.
You can sell photos, paintings, drawings, videos, animations and other virtual products. Refer your followers to visit the link in your bio. It is another popular way to earn money from Instagram.
4. Sell your own physical products
You can sell the products that you make yourself or directly buy from suppliers. This is a conventional eCommerce retailing which requires stocking some inventory and you need to spend some capital to buy your products.
You also require a place where you can keep your stock, like a spare room at your home or some rented storage space. It is a great way to earn money from Instagram.
5. Sell drop-shipped products
Dropshipping is a business model from which you can earn money from Instagram by running your store without holding any inventory.
When you make a sale, your supplier will directly ship the product from their storage space or warehouse to your customer’s doorstep. You don’t need to store, pack or ship your products.
This works similarly to selling products to earn money from Instagram. The only difference is that you don’t need any inventory. With drop-shipping, you can experiment with different niche products without wasting any startup capital.
TIP- Create your own branded hashtag that will help you be at the top of your list of things you do on Instagram to promote your business. Branded hashtags encourage your customers to get involved with your brand. It allows them to submit their photos and communicate with you.
Instagram is rapidly gaining popularity. It is no surprise that Instagram is becoming an unstoppable force and earn money from Instagram.
Apart from above-mentioned ideas, you can also get some revenue from Instagram by account flipping. Selling your account will earn you one-time money. Depending on your niche, followers and engagement rate you can make good money and you don’t have to worry about managing your account.
Hope these ideas will help you earn money from your Instagram account.