Instagram is now one of the most used social media and has over 1 billion active users worldwide. It also has 58 times more engagement per follower than Facebook which makes it more suitable for making money.
First and foremost thing that you need to do to make money on Instagram is to have some followers, so if you do not have many followers or engagement on Instagram, I highly recommend reading how to get 3000 Instagram followers in one month.
By using this method, I was able to get about 3000 followers on one of my Instagram accounts in just 1 month which I now use for affiliate marketing.
As we all know, An egg recently broke the record for the most liked picture on Instagram. Do you know what the man behind the egg did once that account became viral?
He started an online store (with Shopify, I think) of that brand !! And he MADE SALES!
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So Here are some of the top ways by which you can make money on Instagram-
1.Affiliate Marketing
This is one of the best ways to make money on Instagram if you have a low amount of followers.
So for this to work, you need to have an Instagram account which focuses on a particular niche. You can also do this with your personal account but make sure you are promoting the right product which your followers are interested.
Selecting a niche is very important because your revenue will depend on it. Look for a niche that a lot of people are interested in.
After you have selected a niche, You need to find some affiliate programs that are related to your niche. I recommend you check out my Top 5 Affiliate programs of 2019.
The next thing is to add the affiliate link of that product on to your Instagram Bio.
Start posting photos and videos of those products with a great description (that must make them click the link on your bio!).
And that’s it, You are all set up. when someone clicks on the link in your bio and buys the product, you receive a commission and you make MONEY!
2. Be an Influencer!
If you have a considerable amount of followers (maybe greater than 10K), You can be an influencer by partnering with brands and companies.
This is how famous celebrities make money from their Instagram accounts. But It’s not just restricted to famous people, even you can!
But How do you find brands that are ready to partner with you?
There are 2 methods in which you can do that –
Number One, Reaching out to the brands in your niche by either direct messaging or E-mailing them. Trying to reach out to big companies and brands is a waste of time unless you are some Kim Kardashian or any other famous celebrities. Instead, look for some small brands that are direct competitors to those big companies.
The Second way is the easiest – Registering on an influencer marketing Platform. This way you can reach out to the brands with whom you would like to work.
Some of the leading influencer marketing platforms are discussed here – 13 Leading influencer marketing platforms for Instagram.
3. Selling Your Own Products / Services
Do you capture stunning photos?
Are you an artist?
Are you a freelancer?
Or do you have any of your own products/services that you can sell?
If any of these applies to you, You can either set up a new Instagram account with a business name or you can sell your products/services through your personal account.
If you are a photographer and wants to sell photos that you have taken, you can head over to Foap or Twenty20 and register for an account there.
You can make at least $5-$10 for each photo.
See this:-
- How to make a Great Landing Page and Build an Email List in 2019!
- How to Make a Marketing Funnel For Free! Without ClickFunnels!
- How to get your AdSense account Approved in Less than 2 Months
4. Dropshipping
Ever thought of selling a product without the need to handle the product nor manage the shipping on your own.
Dropshipping is a method where a store doesn’t keep the products it sells, Instead, when a store makes a sale, it purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product.
The best place to start your dropshipping store would be on Shopify. They offer a 14-day free trial.
Here also, Selecting the niche is of great importance.
I recommend watching this video, it shows everything you want to know about Shopify
After setting up your Shopify account, Copy your Store link and place it in the link field of your bio. Then try to post as many photos and videos as possible so that people may buy your product from your store.
So that’s it, I have discussed some top 4 ways that you can make money from Instagram.
Now get out there and earn some.
Peace!