If you have an Instagram account and you have not been making money from it, in this article, I will show you how to start earning income on Instagram.
Instagram is one of the fastest-growing social media platforms with over one billion active users.
Over the past few years, it’s evolved from a simple photo-sharing app to a powerful marketing tool that influencers and businesses of all sizes are using to reach their target audiences.
At the same time, it has become a tool you can use to make money online.
So, if you want to learn how to make money on Instagram, then continue reading this article till the end.
In this article, we’ll cover the top 10 strategies to start making money on Instagram this year.
Let’s get right into the details.
How to Make Money on Instagram
A lot of people think they have to become an influencer to be able to make money on Instagram.
That’s not true.
Although you need that kind of attention, there are other ways you can make money on Instagram.
As you will see in this article, here are the 9 easy ways to start making money on Instagram.
1. Sell Digital Products.
Digital products are products that you can transfer to a buyer without having to meet physically.
It could be software, ebook or a video course.
You may even sell a masterclass on Instagram.
Creating a digital product will require you to be a master at what you do.
You can start by learning how to create a digital product.
After creating the product, use Instagram to promote it an reach a wide audience.
2. Sell Physical Products
Just like digital products, you can also sell physical products on Instagram.
It’s just like having an online version of a physical store.
Physical products you can sell on Instagram include clothes, perfumes, bags, phones, laptops etc.
Some times, you may not need to be the owner of the product you are selling online.
I will tell you more about selling other people’s products in another tip.
3. Publish Sponsored Posts
As you already know, influencers make a lot of money on Instagram.
You too can if you have a lot of followers.
People usually follow people they trust, admire and would want to be like.
So, if you are that kind of person on Instagram, you can make money by publishing sponsored posts.
What this means it that you collect money from a brand and talk about their product or services to your audience.
This is quite different from becoming an ambassador of the brand.
While becoming an ambassador involves a long term relationship, sharing sponsored posts may be one-off deal.
4. Become a Brand Ambassador.
Like I was saying under sponsored posts, when a brand wants a long term relationship with you, they invite you to become a brand ambassador.
As a brand ambassador of a reputable brand, you must watch everything you say and do online.
You will want to maintain the respect people have for you and for the brand as well.
Becoming a brand ambassador will require you to promote the company in a positive light on a regular basis.
Instagram influencers who accept brand ambassadorship contracts make so much money from doing so.
5. Write Captions for Businesses
Even though you are a teenager or you have just 500 followers, you can still make money on Instagram.
There are a lot of small businesses whose owners are too busy to handle business and social media at the same time.
As a result, they outsource the part of writing captions for their business to anyone who can.
So, if you are good at creating amazing captions that hooks people to click, then this is for you.
You may choose to charge the client hourly or per job.
And if you are looking to put yourself out there to get more clients, then sign up on Fiverr or Upwork.
6. Do Freelance Jobs on Instagram
The previous tips talks about creating captions for businesses alone.
Taking freelance jobs on Instagram goes beyond that.
If you are good at any soft skill such as graphics design, data analysis or marketing, then you can use your bio to advertise yourself.
Offering these skills at a price will continue to put money in your pocket for a long time.
Make sure you are always talking about what you do on your page.
You may even share testimonials or publish designs you create (using a graphics designer for instance).
7. Promote Affiliate Links on Instagram
Affiliate marketing is now one of the major ways people make money online.
And Instagram is one of those places you can share your affiliate links.
Earlier in this post, I said something about selling other people’s products and making money on Instagram.
In fact, that’s just the simple definition of affiliate marketing.
When you sell other people’s products (both physical and digital products) for a commission is what affiliate marketing is all about.
There are many websites where you can get started with affiliate marketing such as Clickbank and Click Funnels.
You can do your research to find other affiliate channels that sell products or services you’d like to sell on your page.
8. Create and Sell Visual Content on Instagram
You post a lot of pictures on Instagram every day, but do you know you could actually get paid to do so?
Yeah, that’s right! Brands can pay you to post your pictures so that they can repost on their page.
The reason for this is because most customers crave authenticity, so they pay close attention to user-generated content.
As a result, businesses of all sizes want to publish content created by their customers.
Simply put, it’s your opportunity to sell photos and videos you create.
When it comes to the travel industry, companies of all sizes invite real travellers to take photos showcasing their experiences while staying at brand properties in exchange for free food, accommodation or payment.
This route works best if you have a very large following that will drive engagement to the brand.
9. Provide Social Media Marketing Services
Even though I have been giving highlights of this method of making money on Instagram, it worth talking about it differently.
Social media services includes creating content calendars, graphic designs and also publishing content.
In this case, you may decide to work as a team or, if you can, handle as many accounts as possible.
Instagram allows you to be logged in to up to 5 accounts at the same time.
So, you can receive notifications for all the accounts you manage and respond to comments and DMs adequately.
10. Make Instagram Stories Masks and Filters
Today, over 500 million people watch or create Instagram Stories daily.
Since this type of content is available for a limited period of time, people are highly engaged, and it gives brands more opportunities to hook their target audience.
With the growing popularity of Instagram Stories, there’s no doubt that ephemeral content is the future of social media.
Thus, making Instagram masks and filters is a great way to showcase your creativity and earn money on the platform.
So, if you’re interested in creativity, you can build an income stream on Instagram as the Spark AR Studio allows all users to create AR filters for Instagram Stories.
Instagram gives us a lot of opportunity to make money online even from the comfort of our homes.
So, pick an idea from this list of ways to make money from Instagram and start making money for yourself.
Please, don’t forget to share this post with others so that this opportunity will reach more people.