Instagram has become a multifunctional platform that is no longer only used for sharing photos and videos. Businesses, brands, and people all over the world use Instagram to reach a large audience, and sometimes they even make money on Instagram. More and more people like the idea of using Instagram to earn money! But, how can you make money on Instagram?
There are multiple ways for you to monetize on Instagram. We will discuss some of the methods that you could use in your strategy to make money on Instagram. But before you can even start thinking about making money with Instagram, you must check some essential points to know if your account is ready.
How to make money on Instagram, the basics of your account
When you want to make money on Instagram successfully, your Instagram account needs to be ready to convert or lead people to your website. Getting your account ready means you need to optimize your account. InstaGrowthClub offers you all the things you need to get your Instagram account to the top, but down below we give you some of the basics you need to get right if you want to earn money on Instagram.
Perfect content for your followers
Can you monetize on Instagram? Yes, absolutely. But you first need relevant followers who follow you for your content. That is why it is essential to have a clear content strategy. With your strategy, you can get more relevant followers that will follow you just because they like your content. Posting consistently and posting content that fits your account will fulfill the needs of your audience. Most people follow accounts based on their preferences, and they don’t expect or want any other sort of content from an account, so stick to your strategy to make money in Instagram.
Your followers have the same interests.
Your followers started following your account for the same reason you created it. You all have the same interests. Make sure you keep posting about stuff that fits the interest of your followers, but be surprising sometimes to give your followers new insights. Giving your followers new insights can be very niche-specific. You need to understand what kind of posts your followers will like or not. A poll in your story would be a great way to get to know your followers, even more, getting track of them and eventually getting you so far that you can make money with Instagram.
Engagement is key
Engagement is an essential part of any Instagram account. Without engagement, your account will not get any exposure on the explore page and you will have a very hard time gaining new followers.
Without engagement there is a very small chance you can monetize on Instagram optimally. Therefore, you’re looking for engagement from your most loyal followers, but engagement goes both ways, don’t expect engagement when you don’t interact with your followers.
Monetize on Instagram
As said earlier monetizing on Instagram can be done in multiple ways, but it is not as easy as it seems. First, you need to bring something to the table and have a good offer for your followers. You shouldn’t expect to make money from Instagram on the first day. To make money on Instagram, you need to be consistent and patient. But if you want to learn how you can make money with Instagram, check out the topics below.
Sponsored content
In the perfect scenario, you have engaging followers in your niche for whom you build your page. Other pages want to grow their following and could reach out to you to do sponsored posts. You’ll get paid to do a shoutout on your story or to recommend them on your feed. Sponsored posts are a straightforward way to earn money through Instagram. Of course, your page must be engaging. Otherwise, people are not interested in working with you.
Branded product
Everything around your Instagram page, your followers, and your niche has something to do with a specific subject you are all interested in. Branded products can be one of those components. For example, if you have a page created around luxury watches from other brands, you can sell accessories for those products and later even sell your luxury watches. Your branded products need a connection to your page. Otherwise, most of your followers aren’t interested, and you will not make any money with your Instagram.
Affiliate links
Many people use Affiliate Links as a way of monetizing on Instagram. When you choose this way to make money on Instagram, you will get a particular affiliate link from the company or person you work with. This link contains your personal ID.
Then, you can post their branded products on Instagram and get paid when people click your affiliate link. Often the customer receives a discount using your link, and you’ll get a commission on the sale, which is a great way to generate a new way of passive income.
How much can you earn when making money in Instagram?
How much money you can make with Instagram depends on the size of your Instagram account and the number of posts you are willing to post. When you search for partners to work with, they will watch your posts, content, followers, engagement and activity. They want to make sure you have something to offer.
When you get an assignment for monetizing on Instagram, you’ll often see that it’s not a single post, but multiple posts combined in one monthly package. You get several posts you should place and the partner you work with will pay you every month.
Some pages said they earned $21.000 by posting 120 times per month, but realistically we have gathered the following numbers for beginning accounts:
Less than 10.000 followers – $88.00 per post
Less than 100.000 followers – $200.00 per post
Less than 1.000.000 followers – $670.00 per post
But of course, you should be happy with your first payment and keep increasing those numbers. So don’t be disappointed if the numbers are not that high in the beginning. The key to making money on Instagram is to be patient and consistent with an engaging Instagram account.
How do you get assignments for monetizing on Instagram?
If you want to make money with Instagram, you need to get assignments from businesses or people. But as we said before, you need to get your account optimized first. InstaGrowthClub offers you everything you need to grow your account faster than ever and get all the tips & tricks you need to know about the different options for monetizing your Instagram.
Join our large Instagram community now to find people that can help you grow your Instagram account together. Last but not least, InstaGrowthClub is working on one central marketplace for influencers and businesses to connect and build long-lasting relationships, so it will become easy for you to find new ways to make money on Instagram.
