Several Ways to Monetize Your Instagram Account
Instagram is one of the most popular social media platform these days. It has over 800 million monthly active users if not even more. It is almost one-seventh of the world’s population. Thus, it is no wonder that marketing agents and brands started to put a lot of money into the Instagram marketing. There are already a bunch of people that doubled their income through Instagram.
There is no secret that you can monetize your Instagram account as well. There are dozens of ways to do that and I will share several methods with you today. However, first, we need to understand that you need to have a certain type of Instagram account if you want to get some type of revenue from it.
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You need to have a definite niche and have high follower engage rate. There are certain growth hacks you can follow to increase your followers’ engagement and the overall follower number count. Try to follow them and you will be able to monetize your Instagram in no time.
But for now, let’s look at the possible ways of monetization and which way are good for what types of Instagram account.
You can monetize your Instagram just the way like Bloggers, YouTubers and anyone who has an audience can do that. You as an Instagrammer can reach specific demographics and influence their behavior the same way as previously mentioned people. Most of the time companies cannot build such a network as an individual Instagrammer can. Therefore, they try to market themselves through
Share Sponsored Posts
If you have really engaged followers and you could call yourself Instagram influencer, this is one of the best monetization possibilities to you. In a survey of 5 000 influencers, around 42% said that they charged about $200 – $400 per post. This is the money that companies are willing to pay for one picture, branded hashtags, and a @mention. If you have not been yet contacted by any brand, do not be afraid to do it yourself and offer collaboration projects.
However, keep in mind that it is important to choose brands from your niche and quality ones. One wrong sponsored post might ruin your entire Instagram career so you need to do a little bit of research before accepting or offering your services.
You might already have thousands of followers, already do sponsor posts but still do not make enough money. Also, it is not a good idea to spam your followers only with sponsored posts. Another way you can earn money there is selling on instagram. You can create an e-store using such services as Shopify and sell your own Instagram merch or build a niche dropshipping store and market your products through your Instagram account. Believe me, you can make a decent living only from it.
If you do not want to sell your own products, you can choose to participate in an affiliate marketing program. Here you will need to find a company which will provide you with an affiliate link and you will need to promote a product and if the product is bought through your link, you will get a commission. There are many companies that you could use to look for affiliate programs like Amazon, Gearbest or Ebates. You can put links on your posts or in bio and shorten them with Bitly.
Sell Your Photos
Another great way to earn money is to sell your Instagram photos. This method does not require any follower engagement, it does not require almost anything. The only thing you need to do is to take quality photos that sell. You can advertise your photos on Instagram and sell them directly from contacts on Instagram or you can upload your photos to such sites as Foap.
Sell Your Instagram Account
If you had enough of Instagram and you want to get rid of social media, a good way to earn extra money is to simply sell your account. Of course, the higher the follower count and engagement the better the price. You can check such marketplaces like Fame swap to look how much your account might be worth.
It is Time to Monetize Your Instagram!
Here are some of the most common ways that you can use to earn money from Instagram. I recommend you to choose only one at first and maximize that one before trying to implement another one. So stop procrastinating and turn your Instagram to a source of almost passive income. I wish you the very best!