If you’re looking to make money on Instagram, you’re in luck! There are plenty of ways to generate an income from the platform that has more than 700 million active users every month. In fact, one study found that 50% of brands have bought Instagram followers in the past year, so there’s no better time to get started. Here are six ways to make money on Instagram, including what each method entails and how much you can expect to earn with each approach…
Collaborate with brands on sponsored posts
Sponsored posts are one of several types of content marketing. By collaborating with brands and posting sponsored content, you can make some extra money while boosting your following and growing your brand. Once you’ve got a sponsorship set up, you’ll need to come up with an idea (see below) and create a high-quality post that fits within that idea. Then all you have to do is share it!
Become an affiliate
Affiliate marketing is a great way to make money with your content. You’ll earn a commission every time someone clicks your affiliate link and makes a purchase, while also adding new revenue streams to your existing content. When you sign up with an affiliate network like CJ Affiliate by Conversant, you’ll be provided with your own unique tracking links, so if someone buys through your unique link, they will be tracked as coming from you.
Open your own eCommerce store
Selling your own creations online is a big step toward independence. Creating and selling physical products gives you complete control over pricing, returns, marketing, distribution and other business elements that can be tricky or expensive to outsource. If you’re wondering how to start an ecommerce store, here are our top 10 tips for getting started.
Create an Instagram shop
Creating an Instagram shop is a fantastic way to make money with your photos. It allows you to post multiple pictures at once and directly link them in your profile. It’s a great way to drive traffic and build trust with your followers. You can check out our 10 tips for creating effective Shop Stores in our Pinterest Tips section. If you have any questions or need help setting up your own shop, we’d be happy to help! Simply contact us here.
Sell your photos online or printed on merch
Sites like ShutterStock or iStockPhoto allow you to sell photos, videos and other digital assets directly to their users. You can also use these websites as a way of gauging interest in your work; if people buy your photos, they’re interested in seeing more. You can also reach out to brands that you want to partner with directly and see if they are willing to pay you with images that you’ve uploaded online.
Monetize your content
If you have a product or service, and you’re an active, engaged Instagram user with a solid audience (i.e., people who regularly like your posts and leave comments), then consider monetizing your account by using affiliate links in your bio or even incorporating paid promotion into your social media marketing strategy. For example, if you have a fitness product, promote it on IG and then link to Amazon in your bio where people can buy it.
Sell old stuff
Clean out your closets, your garage, and even your junk drawer. There’s a good chance you have forgotten about (or just never used) some valuable stuff that could make you a little extra cash. EBay is one of several websites where you can sell anything from textbooks to comic books, but there are also online outlets like craigslist and local Facebook groups where you can post individual items or entire collections at once.