If you’re like most people, you already know that Instagram is a great way to build your brand and connect with your audience. But what if we told you that there’s a way to use Instagram to actually make money?
We know what you might be thinking: “I don’t want to sell my soul! I just want to take pictures of my dog and post them on Instagram.” But the fact is, you can start earning real money from your Instagram account by using one of the many different monetisation strategies available today. We’ll take a look at how each strategy works so that you can decide which one(s) might be best for you.
In this article, we’ll be taking a look at seven different ways that you can monetise your Instagram account and make some serious cash.
How to Make Money On Instagram?
Here are some ways you can make money from your Instagram account:
Collaborations with Brands and Sponsored Posts
If you want to make money on Instagram, the best way is to collaborate with brands. This can be done by posting sponsored content.
Posting sponsored content is a great way to make money on Instagram because it doesn’t require any risk or upfront costs. You simply agree to post an image or video promoting a brand’s product and they pay you for it. This type of partnership has become extremely popular in recent years as more and more influencers are looking for ways to monetise their audience.
If you have a large following, it’s likely that companies will want to work with you because of the exposure they will get from your audience.
Starting Your Own Online Business
If you’re already running a small business, then you know how important social media is. It’s one of the most effective ways to connect with your customers and reach new ones. Consider creating an Instagram account for your business if you want to take things to the next level.
You can post pictures and videos of your products, as well as updates about events or promotions. This will help you build a stronger relationship with current customers, but it can also help attract new ones!
To really maximize your Instagram account, consider using hashtags when posting photos or videos. Hashtags are keywords that people use when searching for products or services on social media. By using them in your posts, you’ll increase the chances of being found by potential customers who may not know about your business yet!
Become an Instagram Coach or Consultant
Instagram is a great platform for sharing your knowledge about the industry and offering tips and tricks to improve your followers’ experience. You can also share what you know about a certain niche, which will help you build relationships with people who are interested in that niche as well.
If you have a lot of experience in an industry or niche, you can offer your services as an Instagram coach or consultant. This means that you’ll be helping others use the platform more effectively and grow their following while getting paid for the hours spent helping them out.
Promoting Affiliate Marketing
Affiliate marketing is a strategy to promote products or services by paying a commission on sales of those products or services. The percentage of commission you earn varies depending on the company you choose to work with and the products/services they offer.
You can start earning money from affiliate marketing by creating an account with an affiliate marketing website, such as Amazon. You then need to promote the product/service on your Instagram account. When someone clicks your link and buys something from that company, you get paid a set amount based on the type of product/service they purchased.
Selling Digital Products and Services
You can sell digital products, like e-books, online courses, NFT Arts, or downloadable guides. Even if you’re not a designer or developer yourself, there are plenty of resources available to help you.
Most digital products can be created in less than two hours—and once it’s done, you can start selling them immediately. The best part about selling digital products is that it’s fast and easy to get started—no need to build out a website or pay for inventory upfront!
Digital Marketing Services
Social media marketing agencies are in high demand, and there are lots of opportunities to start your own business here. You can make money by providing digital marketing services for individuals or businesses, and you can do this through a variety of channels. You can also offer digital services like graphic design and SEO optimization.
You can offer your services as a freelancer or as an agency. Freelancing is often more flexible and less risky than starting your own agency, but you won’t have the same resources at your disposal. If you are interested in starting your own agency, then it’s worth looking at the different types of social media marketing agencies that are out there: content creation agencies, public relations agencies, advertising agencies, and video production agencies are just some examples.
If you’re planning on going down this route then it’s worth researching the marketplace first to see what kind of companies exist within it. This will help you decide whether starting an agency is feasible for you or not; if there aren’t any similar businesses operating in your local area then this might be something worth considering before going ahead with anything else!
Advertising Your Brand Which Can Lead To Indirectly Monetary Gain
If you’re using Instagram as a digital marketing platform, you can advertise your brand and promote the products and services that you offer. You can include the link to your online shop or website alongside your promotion. This can drive traffic to your website and will indirectly lead to monetary gain if people want to buy your products or services.
If people want to buy what you’re selling, they’ll find you on Instagram, so it’s important to post regularly and ensure that everything you post is high quality.
The Bottom Line
Our recommendation? Try out a few different strategies. Start small and see which ones work best for you. Then go with those! The key is to have fun and enjoy what you’re doing—if you can manage that, then everything else will fall into place!
We hope that these tips will help you get started and keep you going in the right direction as you explore how to make money with Instagram. If there’s anything else iDigic can do for you, please don’t hesitate to reach us!