- HoneyHat

8 Ways to Make Money on Instagram

Are you ready to make money with Instagram? Your Instagram style, audience and dedication will determine the best method for you.

The best thing about this is that one method does not close the door to others.

Shopify : Click here to launch your online business

Eight ways to monetize your Instagram:

1. Sponsored posts are a great way to promote brands.

Your Instagram profile can be used to promote a variety of products and brands.

Influencers with a loyal and active following are often sought by brands. You must consistently engage your audience and grow your following to get your profile noticed.

Remember that it will take a lot more time, hard work, and talent to reach this level. It is possible to achieve “influencer”-status, but you should manage your expectations if this is the path you choose.

It’s important to understand your audience as an Instagram influencer. It’s important to know who your audience is, their interests, values and needs. You can then choose the brands that are most suitable for them.

Instagram Insights allows you to analyze the statistics of your Instagram audience.

When you are building your profile, work with brands who share your values and personality. You can reach out directly to brands (via Instagram or their website) to try and negotiate a deal. List yourself on an influencer market to increase your chance of being discovered by a large brand.

Pro tip: Don’t lose your audience’s trust in the process to make money through sponsored posts. Use a hashtag such as #sponsored or #ad for sponsored posts.

2. Affiliate Program

Selling other people’s goods for a fee is another way to earn money on Instagram. This is how many Instagrammers earn money. Sign up for affiliate programs that match your audience and interests.

A difference between an affiliate and an influencer is that the affiliate works to make sales for the brand in return for a commission. Influencers are primarily focused on raising brand awareness. If you are only interested in exposure, explore these tips to gain traction. )

You should create posts that are engaging to promote products without sounding pushy. You might connect your affiliate link to a landing-page since you are only allowed one link in your Instagram biography. Linkpop, a tool that allows you to create links in your bio, is a great way to quickly do this. In every post, let people know that they can buy the product by clicking the link in your biography. Craft a funny caption on Instagram to make it less promotional.

Affiliate marketing is a powerful tool for business growth, even though it can initially appear difficult. Expand your reach by adding a website, or other marketing and social media channels.

Take inspiration from our list of Instagram post ideas by successful brands.

3. How to become a virtual assistant of an influencer

You can work as an Instagram influencer’s assistant if you prefer to be behind the scenes.

Influencers often need help with things like running ads, identifying fake followers, or filtering sponsorship requests. You can charge an hourly fee for your virtual assistant services

You’ll be managing a variety of tasks as a VA to an Instagram influencer. These include DMs and post scheduling. Influencers may ask for ideas on how to grow their brand.

If you want to improve your Instagram marketing without being the focus of attention, then this is where to begin.

4. Sell Instagram captions

Only a small number of small business owners have the expertise or resources to create good Instagram captions. You can provide Instagram marketing services for these businesses if you are good at creating creative Instagram captions. Remember, you’ll be judged on your ability to create engaging short-form content.

Write captions and post them on your account to get the attention of business people. Include the captions that get the most engagement into your portfolio. If a company is hiring you to write its Instagram copy, they will want to see some of your work. Make sure to have examples of your work.

What price should you charge for Instagram captions? You should charge whatever you think you’re worth. You could charge $600 for 10 captions or $1,000 for twenty captions. It is more important to charge for expertise than time or content.

5. Sell digital products such as photos

Instagram is all visuals. Beautiful products and photos are more likely to sell.

You can sell posters, paintings, drawings and videos. Include an interesting caption on each post and direct readers to your bio.

You may be able to get paid if your photos are of high quality. Use the best photo-editing apps after you’ve taken some amazing shots to make the most of your photos. When you take pictures, try to be creative and original. Photos that are interesting will be noticed more than those that are boring.

Use Instagram hashtags to promote your photography portfolio.

6. Create and sell merchandise

You can either sell products that you make yourself or buy from suppliers. You’ll likely need to keep some stock on hand if you choose this approach, so that you can buy your products.

Storage space is also needed for your products. This can be a spare bedroom at home, or a storage unit rented. It is especially important if you plan to purchase products in bulk. You will need to have a storage space to keep all the products until they are shipped out to your customers.

You can use Instagram Shopping to sell your products directly on the platform. (More about this below). Tag your products on Instagram to send followers directly to your product pages.

7. Sell dropshipped products

The Dropshipping method allows you to operate a store with no inventory.

Your supplier will ship the product directly to your customer after a successful sale. You don’t have to worry about packaging, shipping, or storage. All is taken care of.

This model is similar in concept to the previous idea we had of making money selling products on Instagram. You won’t have to keep any inventory. Dropshipping lets you test niche products and see if they sell.

DSers and Shopify are great tools to help you improve your dropshipping business.

8. Earn live badges

Live badges are another way to earn money on Instagram. Live badges are similar to features found on Twitch, TikTok and other platforms. They act as tips for your broadcasts.

Viewers can purchase a badge during a live session. This purchase is visible in the comments, and unlocks extra features such as a heart icon or a place on your badge list.

Badge pricing:

One Heart: 99C/
Two hearts for $1.99
Three Hearts: $4.99

You can increase your revenue by adding live badges and in-stream videos to your social media strategy.

How much Instagram following do you need in order to earn money?

How many followers do you need to generate some cash flow for your business? You may be surprised to learn that you need less than you thought.

Your financial success depends on several factors including:

You can choose a niche that is directly related to the products you want to sell. )
Engagement of your followers (An audience with 100,000 people who do not engage in any way contributes very little to revenue. )
You can choose from a variety of revenue streams. For example, you may decide to use affiliate marketing or your own product line. )

You can make money even with just 1,000 active followers. You need to grow your following. Below are some tips to help you.

6 Tips for Building a Following on Instagram

Optimize your Instagram account. Choose a username with less than 30 characters that includes a keyword. It will make it easier for other users to locate your profile. Consistency is key. Use the same username on all social media platforms.
Take part in discussions related to your niche. Look for other accounts that use the same hashtags. Join in on the conversation by following them. This will help you gain new followers.
Use captivating Instagram captions. Instagram captions are what you write underneath your Instagram posts in order to give them a bit more appeal and juice. The best Instagram captions encourage your followers to like and comment on your posts.
Promote and run contests. Organise a contest that includes a photo of the contestants, as well as the prizes. Make sure you create a hashtag that is unique to the contest. Post the rules and decide how winners will be selected. Contestants can earn money on Instagram if you are creative.
Create and promote Instagram Stories. Instagram Stories are essential for building an audience on the platform. Geotags and selfie stickers are great features. Add color and animated text overlays. Face filters similar to Snapchat can also increase engagement.
Post regularly. Consistency is key for Instagram success. Make sure that your posts are consistent with your style. Your followers will recognize that your posts are from your brand. Schedule your Instagram posts using third-party software like Hootsuite.

Considerations for

Success in business is achieved by using apps, adhering to a list of dos and donts, applying awesome filters and implementing promotional tactics. You still have to keep up with the latest trends and Instagram rules to make money.

Here are a few examples.

1: Master Instagram for Business

Instagram has two different types of accounts: personal and professional. This video will guide you step-by-step through the process of setting up a business Instagram account. Shopify offers a detailed tutorial on how to sell on Instagram.

2) Activate the Instagram shopping

Instagram Shopping allows you to integrate your product catalogue with your Instagram profile. You can promote your products to Instagram users directly through your posts, Stories, Explore tab and a Shop tab.

We created a guide for setting up an Instagram shopspan size=”font weight: 400 ;”>. If you want to know how to make money with an Instagram shop, check out this article.

Instagram: Do’s and Don’ts

Instagram has specific rules about how to post and what type of image or video you can use. You also have a limit on how many times you can post per day.

Instagram limits the number hashtags you can use, so that you don’t spam your account with hashtags unrelated to the content.

These rules will increase your chances to earn money on Instagram. CoSchedule recommends posting one to two posts a day to avoid overwhelming your followers. You will have more time to create unique and interesting posts. Posting before the launch on Wednesdays or Fridays at 11 am is ideal.

Sprout Socialspan size=”font-weight 400 ;”>, states that the ideal Instagram caption length is between 138 and 150 characters. Ad captions should be no longer than 125 characters. It is recommended to limit hashtags to five to ten.

Instagram can “shadow ban” posts that contain more than twenty hashtags. Shadow banning means that your posts will no longer appear in searches using specific hashtags.

4) Leverage Instagram eccommerce apps

Instagram has limited functionality for shopping, so it takes some creativity to make the platform work in business. The ecommerce feature can be integrated seamlessly with apps designed specifically for a Shopify shop.

You can test out a few apps to find the ones that let you publish your products along with their specifications and pricing on separate pages.

The shoppers will feel as if they are still on Instagram, but they are actually on the shopping app-ready pages.

Shopify is the best option for Instagram integration because it offers a wide range of apps.span size=”font weight: 400 ;”>. Many of these apps are free to try, so you don’t have any risk.

5) Applying Instagram filters

Canva conducted a study about the US’s favourite Instagram filtersspan size=”font weight: 400 ;”>. Clarendon, Gingham Juno and Lark are the top four filters ranked by their popularity. Clarendon is the most popular filter in the world, followed by Juno, Valencia Gingham and Lark.

The most popular filters for nature

Valencia
Normal
Brooklyn

The most popular fashion filters

Kelvin
Valencia
Nashville

Most popular filters for food

Skyline
Normal
Helena

The most popular filters for selfies

Normal
Slumber
Skyline

Picodash is a great tool to use when you want to find out which photos are most effective. It’s important to emulate the successful accounts, while still maintaining your unique personality and content. Encourage yourself to learn new things every day in order to make money on Instagram.

Create viral posts

Include them between your product images and videos on Instagram. Stencil PromoRepublic and Be Funky are all great tools to use.

Success stories on Instagram

Learn from other people’s experiences by reading case studies and success tales like the ones below.

Start selling products you are passionate about. You can share a hobby, passion or any other thing you’re passionate about. Do what you are best at.

The seamlessness of your site is enhanced by apps that integrate social media platforms. Shopify integrates Instagram Business Accounts, making it easier to use Instagram for your business.

Here are some examples of brands who have integrated Instagram marketing into their ecommerce stores.

BeardBrand

BeardBrand began its business in 2003 with just $30 and one vendor. Its unique way of earning money on Instagram is super cool.

BeardBrand is a brand with a strong Instagram following, boasting more than 260.000 followers. This helps a lot in the sale of its beard products.

Aesthentials

Justin Wong is the founder of Asthentialsspan font-weight=”400 ;”>, and is passionate about cute Harajuku style fashion. His Instagram account is the main marketing channel.

Each Instagram post has been edited with care to match a certain mood or vibe. Justin makes $12,000 a month selling products on Instagram using the dropshipping model.

The store owner does not purchase the products until the customers do.

How much can Instagram users make?

What you sell, and the business strategies and marketing techniques you employ will determine how much you make. You’ll likely only earn a small amount if you are just starting out. As your Instagram followers grow and you become more adept at marketing, your numbers will likely increase.

Shopify allows you to sell online.

Get a free trial

Start now to make Instagram profitable

You began by capturing simple moments. A picture of your food, a photo with your pet or a post which made someone laugh. You can now turn your Instagram posts into an income.

Use the above tips to monetize your Facebook account. Be sure to test out different strategies, since some may be more effective than others.

Do you want to know more?

Author: Jennifer Xue

Need Help Finding B2B Service Provider?

Table of Contents