This is a guest post from Anshul Kahar:
Anshul Kahar is the Founder of Acetechdollar. Acetechdollar is a personal finance blog. I am a college student who loves to gain and knowledge about the finance. I love to gain and share the knowledge of stocks, personal finance, loans and debt.
Instagram has over a billion active users that can make money online for you. If you have an engaged audience or followers on Instagram then there are lots of ways to make money online from Instagram.
Before going ahead, let me tell you one thing that for making money from Instagram, you need a sufficient amount of engaging followers. Engaging followers are more important than the number of followers. It is possible to make money from 1K or 10K followers but those followers must be engaging.
Let’s know how to make money from Instagram and what are the ways of making money from Instagram.
- Start Affiliate Marketing
- Make Money With Drop-Shipping
- Post Sponsor Content
- Selling your services
- Sell your digital products
- Become a Brand Ambassador
- Selling Shoutouts
- Sell Your Account
8 Ways of Making Money From Instagram | How to Make Money From Instagram
To make money from Instagram, you will use the engagement between you and your follower. Instagram can generate a great passive income for you if you work in the above ways. Let’s know what are the ways of making money from Instagram and How do they work.
1. Start Affiliate Marketing
What is Affiliate Marketing?
Affiliate marketing has great potential for making money online. It’s possible to generate $10,000 only through Affiliate Marketing from Instagram. As an Instagram Influencer, people will trust you and it makes it easier for you to promote affiliate products.
How does Affiliate Marketing work?
If you promote any product on your Instagram account and when someone will buy that product during the cooking period through the link you have shared, you will get a commission for selling the product. This is how affiliate marketing works.
You can start affiliate marketing on any niche of your page whether it is yoga, fitness, cooking, tech, motivational quotes, side hustles ideas, coding, fashion and lifestyle, car, or about anything in which you are interested.
You can also start a micro-niche affiliate blog and drive traffic to your blog using your Instagram account. It will increase your revenue because you will get sales through organic traffic and Instagram users.
How to find affiliate products?
Next thing is to choose a product, service, or website to affiliate different products. Now, it has two ways, whether you can directly promote any product or sign up on the programs and websites that have a wide variety of products that you can promote and make money from it.
On different niches, there are different products that you can promote. To directly search a product in your niche, just type “Keyword + Affiliate Program“. For example, Yoga Affiliate Programs.
Best Affiliate Websites
Or if you want to promote products of different niches on websites like Clickbank, Commission Junction (CJ), Amazon Affiliate Program, Walmart Affiliate, Shareasale. Different products on different websites have different commissions.
You can review the products on your Instagram page or make a video about that Product and when someone will buy a product through your link, you will get a commission on it.
2. Make Money with Drop-Shipping
Drop-shipping is the best method to make money from Instagram online if you have initial money to invest in your business.
What is Dropshipping?
Dropshipping is a business model where you buy products in stock at a low price than normal and then sell that product at a higher price through marketing. And the wholesaler store directly ships the product to your customer.
How to start the business of Dropshipping with Instagram?
With the help of Instagram, you can promote the products that you will buy from any store at a lower price. But, to gain a profit on Instagram, it is very necessary or mandatory to have engaged followers and a niche based Instagram page.
What is needed to do dropshipping?
To start dropshipping, you need a store or the websites where you can sell dropshipping products. You can directly build a store through WordPress or just use Shopify where you will complete setup to start a Dropshipping store. It also provides the tutorials of starting the dropshipping business.
To start the business of dropshipping, along with the Instagram page, you also need to run the ads on Instagram to boost your sales. For that, you must have knowledge of marketing, running ads on the social platform, and a little bit of SEO, so that you can rank your dropshipping store.
Why do most people fail to get success in Dropshipping?
Of course, you can’t promote products at the meme page, no one is going to buy those products because the intention of the users at that page is to get entertained and not to buy any product. So, if you have a niche based Instagram, you can easily promote your product.
Or, if you do not have any Instagram page or you do not have sufficient followers then you can ask for shout out or promotion of your product from the other websites. You can also get sales through the Paid ads on Instagram.
3. Post Sponsor Content
If you have 10K followers or more than 10K on Instagram, sponsorship is the perfect idea for you to easily make money from Instagram. Most of the big influencers make money through Sponsorship on Instagram.
Why Brands Pay Influencers?
To get Sponsorships on Instagram, you need to make your Instagram account a brand. Post nice content on Instagram, interact with your followers. The chances of getting sponsorships directly depended on the number of engaging followers you have.
Brands and companies pay influencers to promote their products and services to their followers. Brands only approach those influencers who have a good amount of followers and online reputation. It’s very important for the influencers to properly maintain their Instagram Account.
Brands need to promote their product so that they can generate good sales for their product. Brands will pay only those influencers from whom they can generate sales for them. And when you will post on Instagram promoting their product, they will pay you for that.
How to approach a brand for sponsorship?
Now, there is a problem: how can we get a Sponsorship. If you have a huge number of followers on your Instagram, different brands will automatically contact you. But, if you do not have more followers but have a decent amount of engaging followers, try to contact small brands and there will be chances of getting Sponsorships.
Potential of Sponsorships
It’s not about some dollars, Sponsorship has a great potential of making money, Big influencers like Kylie Jenner gets $1.2million per post, Ariana Grande gets $966,000 per post, Cristiano Ronaldo gets $975,000 for posting a single post on Instagram.
Of course, you cannot generate this much money in the initial days but if you focus on the content, your Instagram account, and interact with your followers, one day you can also make a good amount of money from Instagram.
4. Selling Your Services
Instagram has more than a billion users, you must use these users to showcase your skills. I have made more than $1000 from Instagram by selling services and skills. It is a great platform to find the clients for selling your services.
Which skills can you sell on Instagram?
You can sell different services on Instagram like Photography, Vector Arts, Making Websites and Apps, Social Media Marketing, Photography. If you have any skills but in search of clients then Instagram is the best platform for you.
To sell your services, create a new account on Instagram, complete your profile. Now, search the people in your niche, for example, if you are making an online website for the business, just go on Instagram and search the businesses like Cafes, Restaurant, Hotel and approach them.
My Personal Method of Making Money by selling services on Instagram
I have personally made more than $1000 from this method. I knew how to make websites for the business. I searched for small businesses that didn’t have websites for their business. And approached the owners of these small businesses and explained to them the importance of having websites.
And got the first client in the 30 days that pays me $112 for making their business websites. You can sell something else on Instagram. If you don’t want to approach the people, you can also run ads on Instagram of your services for generating leads.
But, personally, if you directly approach the people, it will not only save your money from advertising but also increases the chances of getting sales. Do this for 90 days, it will absolutely bring something for you.
5. Sell your digital products
Most of the marketers, bloggers, and YouTubers follow this method to make money from Instagram. But, it will only work when you have success in any particular field or know about any particular field. Sell your digital products like ebooks and courses on Instagram.
How to sell your digital products on Instagram?
To sell your digital products, it is very important to explain to your followers how your courses can help them. Show them the results of your success, how you have got success in that field, and how you can help them too. And they will be easily ready to buy your courses and ebooks.
6. Become a Brand Ambassador
Sponsorships and becoming a brand ambassador is somewhat related to each other. It is just when you become a brand ambassador of any brand or company, you consistently promote the products in the long term and as compared to sponsorships, you will be paid more.
But, becoming a brand ambassador is not easy, it is very necessary to build personal branding before becoming a brand ambassador. You must have high engaging followers. Brands search influencers on Instagram to promote their product.
Every social media influencer is on Instagram, and it is the reason why brands and companies always look for the influencer’s Instagram profile. Becoming a brand ambassador is one of the best online jobs to make money. Brands consistently give their products to their company’s ambassador so that they can use it and give a positive review to their followers.
7. Selling Shoutouts
If you have built an Instagram Page with thousands of followers on it, it is time to make money from your Instagram Page. It is the most common way of Instagram to monetize your Instagram page but an efficient one also.
If you have 100K or more than it, you can easily earn more than $100 from selling shoutouts, if you have a nice engagement with your followers. An Instagram page with more than 1M followers easily generates $1000 daily from his Instagram page.
You can either directly approach people to sell the shoutouts or when your Instagram page will grow, people will themselves contact to give a paid shoutout to them.
You can also go on the Shoutcart, to buy and sell shoutouts from your Instagram and easily make money from it. Shoutcart is the website where you can buy and sell shoutouts to people according to your Instagram page valuation.
8. Sell Your Account
If you have ever tried to build a good account or page on Instagram and gain followers on your account, you may know how difficult it is to grow on Instagram. And here you can make money from this problem.
A great amount of income can be generated from selling your Instagram. Since there are lots of ways to monetize or make money from your Instagram account, anyone can easily buy it, if you sell it in a good amount. Decide whether you can work with this idea or not and this is the reason behind mentioning this idea in the last of the article.
How to sell your Instagram Account?
If you want to sell your Instagram account, you can direct any approach to any person. Or, you can go on the website Social Tradia, it helps you sell and buy Instagram account. Submit the details of your account and it will price your account and contact you the details.
How Josh Kuo has made more than $10,000 from Instagram?
Josh Kuo, the founder of four finance Instagram page, has made more than $10,000 from his Instagram. He was neither a celeb nor any business, he started posting content on Instagram and gain huge success on Instagram. His Instagram page has 697K, 1M, 976K, 123K followers on Instagram.
Now, he learns other people how to make money from Instagram and generate thousands of dollars from here too. The main motive of telling you his case studies is to focus on your brand and not money. If you consistently work hard and post content on your Instagram, you will easily make thousands of dollars from your Instagram page.
To make money from Instagram, you have to first build good support from potential audiences. Because, to start any of the above business ideas you need a decent amount of engaging followers, so first focus more on building your Instagram account good.
What do you think about making money from Instagram? Let me know your reaction in the comment section and also comment which idea of making money from Instagram you like the most.