Best Possible ways to Make Money on Instagram
Instagram is one of the fastest-growing social media networks. Instagram has gained over 100 crores of active users around the world. It is not only a simple photo-sharing app but also a powerful digital marketing tool. Can we make money on Instagram? The answer is yes, let’s see how!
Kylie Jenner, A popular American model is paid around 1.3 million dollars for a single post on Instagram. That is a huge amount, right! Obviously, well-known celebrities have a huge following and engagement. Accordingly, celebrities get paid that much amount.
There are many possible ways to make money on Instagram. We will discuss the best strategies in this article to make money on the social media platform.
Table of Contents
1. Promote Affiliate Links
A Unique hyperlink or other linking tools for reference in the company’s website or service is called an affiliate link.
As a content creator, you can partner with brands or affiliate marketing networks to promote various products and services relevant to your audience.
Promote affiliate links via your Insta bios, videos, and reels to reach your audience. Content creators can expect to earn 5 to 15% commission on every sale.
The popular eCommerce site website Amazon has one of the best affiliate programs. As an Amazon affiliate, you can make up to 10% commission from each sale made through your link.
2. Get Paid for Sponsored Content
Many brands usually collaborate with Instagram content creators to promote their products and services. As a content creator, you will be expected to promote a video or poster to create awareness for the brand that you are partnering with.
People seek out recommendations from trusted sources, so it’s no wonder more and more brands reach out to influencers to get promoted for their brands.
As per the transparency policy of Instagram, all influencers need to disclose sponsored posts and amounts for online advertising.
3. Become a Brand ambassador
Although sponsored content works well on Instagram, most companies want to establish a long-term relationship with influencers. So they seek out brand ambassadors who can promote a company on regular basis.
Being a brand ambassador might happen organically for example if you are frequently posting pics of your favorite things like shoes or mobiles and watches, the specific branch social media team will hopefully reach out to you to feature an opportunity to become a brand advocate.
Instagram is a perfect place for users to find brand ambassadors programs and collaborate with companies to promote their products.
For Ambassadors, this is a great opportunity to make money as the standard salary for a brand ambassador is somewhere in the $50,000 range.
4. Make money from your content
Just like video sharing platform YouTube, you can also monetize your content directly on Instagram. IGTV ads are a great way to partner your Instagram content.
According to the source the creators received 55% of the advertising revenue generated through IGTV.
If you broadcast live on the Instagram handle, badges are a fantastic way for your followers to show their support. Your viewers buy badges during a broadcast.
5. Provide social media marketing services
The competition among the same Niche companies is growing, So brands need professional assistance if they want to cut through the noise. You can provide your social media marketing services for the required companies.
You need to turn your Instagram page creatively so that interested employers will ask you for the captions. If you write the more creative and engaging your captions are the more clients you can hook.
If you are pro at social media skills then companies contact you to handle their social media accounts. They need more reach to a target audience and increase sales. So you can provide social media services demanding a decent amount.