IS MAKING MONEY THAT EASY ON INSTAGRAM? Instagram is one of the most popular social media platforms in the world.
Over the past decade, Instagram has grown its user base through exceptional business features and technological reform.
Bloggers and influences are making hundreds of thousands of dollars every year. This money-making platform is accessible to everyone and the growth scope is endless.
How much money do influencers make on Instagram?
The rule is simple: HIGHER THE FOLLOWERS, MORE IS THE MONEY.
The top 10 Instagram handles have more than 200 million followers each. Celebrities like Cristiano Ronaldo, Kylie Jenner, and Dwayne ‘The Rock’ Johnson have a deep influence on the public. They make millions every year through sponsorship and brand promotion.
On average, With a decent reach and quality content, people make hundreds of dollars per post.
How many followers are enough?
ENGAGEMENT is a very key thing on Instagram for making money.
Your loyal followers base who engages with your post by Liking, Sharing or Commenting on Your post is important. With as low as a thousand follower base, you start getting opportunities to make money.
Considering the horizon of growth, expand your follower base. Making trust in your audience is most important, the money will eventually hit your pocket sooner or later.
Some proven ways to make money on Instagram-
SPONSORSHIP ON INSTAGRAM-
The easiest way to make money is by creating content ( POST OR REEL) Relevant to your sponsor.
You have reached a high number of followers and the content you make promotes or advertises the product or service of your sponsor. In exchange, you get money or the product itself(Barter).
With quality content and high reach, brands will contact you for promoting them. In addition, you can also reach out to different agencies for getting sponsors.
AFFILIATE MARKETING-
Instagram is a good tool to make money through affiliate marketing. It is a process where you earn a percentage of the sale price as commission for promoting the product or service.
The Instagram influencer gets money for the promotion they do and the seller gets advertisements for the product in exchange. it’s a win-win situation for both. The higher your followers purchase the product due to your influence, the more money you make.
START YOUR BUSINESS ON INSTAGRAM-
Instagram offers a business platform for business ventures. You can sell your products to users using your Instagram business account portal.
Even small business ventures dealing with homemade cookies or a thrift store are using Instagram for growing business.
You can use tools for promotion and also reach out to your target audience, It is a good technique to build a brand and wide level marketing at minimum cost.
MONETISING YOUR CONTENT-
Instagram also allows you to place an advertisement in your content just like Youtube. It is a great tool to generate revenue as the More the number of views on your content, the higher the revenue you make.
To start with the same, go to your account settings and enable the monetisation option for in-stream video advertisement.
Make sure your content is original and matches the required condition to activate monetisation. For eg, a video must be of minimum 2-3 minutes long.
GOING LIVE WITH BADGES-
The Instagram badge is a good tool for influencers to make money. The feature allows the followers to buy badges during live streaming.
The number of hearts next to the name of the followers denote the badges they purchased. The followers could buy badges for $0.99, $1.99 and $4.99.
Instagram is a great tool to make some extra money, we all use social media throughout the day for leisure. You can monetise that time and generate revenue using the ways above.
