Are you searching for a way to make money with Instagram?
Perhaps you’ve typed this phrase into Google, which has brought you here.
Thank you for choosing my website among all the other ones out there in the online space.
Over the past several weeks, I’ve had many people message me asking how to make money with Instagram.
Therefore, I decided to sit down and research this topic a bit further.
After thoroughly researching how to make money with Instagram, I’ve compiled enough information to write a detailed post.
Within the following post, I’ll break this down for you guys and show you the many ways to make money with this social media giant.
I invite you guys to stick around and continue reading.
Furthermore, if you have any questions after reading this article, I encourage you to leave them for me in the comments below.
I’ll get back to you momentarily with a detailed reply.
Without further ado, let’s get started.
Are you guys ready?
How To Make Money With Instagram
You know it as a platform for sharing cool photos and videos.
But to some people, Instagram is a source of income.
As of 2020, Instagram has over one billion active monthly users.
With so many people actively scrolling the platform, you have an opportunity to make money on Instagram too.
And you don’t need to have 100k followers.
So, how do you do that?
Read on to find out.
Ways To Make Money With Instagram
As I continued to do my research on this, I discovered three ways to make money with Instagram.
They are as follows:
⦁ Become an influencer
⦁ Sell products
⦁ Affiliate marketing
Influencer marketing is probably the most popular way of making money on Instagram. This industry has seen a significant growth rate over the past few years.
Therefore, statistics show that by the end of 2020, Influencer marketing will hit a staggering 15 billion dollars.
Wouldn’t you guys agree?
To me, that’s huge!
The other social media channels are used for influencer marketing too.
However, when Influencer Marketing Hub surveyed to see which platform is more popular. 79% of the respondents said they prefer Instagram, while only 46% prefer Facebook.
Going by these statistics, there is serious money to be made as an Instagram influencer.
But where do you start?
I’ll be showing you what your next step is as well as revealing some pretty interesting info about Instagram.
Let’s continue moving forward, shall we?
Pick a Niche
When many businesses are looking for influencers, they will want to partner with those in their niche.
Their main aim is to reach a specific target audience.
The niche you choose will determine the kind of content you post and the type of followers you attract.
Your followers should match your prospects’ target audience.
Try to narrow down as much as possible.
For instance, instead of going with something as broad as outdoor activities, you could choose one, say surfing, and focus on it.
It just makes sense.
Are you guys still following me?
Create an Instagram Account and Grow Your Following
To make Instagram a source of income, you will need an account.
Followers are influential, too, because you need someone to influence in the first place.
As already mentioned, your niche will determine what you post.
But your content needs to be interesting to attract followers.
Sticking to the surfing example, you will want your videos and photos to capture the attention of your target audience, namely, fellow surfers.
Take a look at John Florence’s Instagram.
What surfer wouldn’t want to follow him?
Do you feel me?
Consistency is key.
If people come to your page for fashion content, give them fashion content.
When your account becomes established, you can post less.
But as a new account, you have to build trust, get to know your audience, and let them know more about you.
While still on growing followers, you should know that engagement is essential.
It won’t help to have thousands of followers who never like, comment, or share your posts.
Find Businesses To Work With
Once you have your account set and followers who trust and engage with your content, it is time to start making money.
If you have an insane following, brands will easily find you.
Otherwise, find businesses and request a partnership.
If you are passionate about your niche, you must know lots of companies in the industry.
It doesn’t hurt to approach them and see whether they are willing to work with an influencer.
They connect brands with influencers.
Publish Sponsored Posts
Hopefully, you choose products that fit in with your brand.
This way, you can include the post in a very natural way.
Businesses partner with influencers to boost sales, increase awareness, or introduce a new product.
Whenever posting a sponsored post, you must let your followers know.
Include #ad somewhere visible or use the “paid partnership with” tag, as you can see above.
Advertise and Sell Your Services or Products
With more and more people spending time on their phones, you may as well place your products in front of them.
Also, with more people staying home due to the pandemic, there couldn’t be a better time to start learning how to make money with Instagram.
Instagram is a powerful tool if you want more people to discover your business.
Let’s take a look!
In this Facebook survey, 54% of respondents say that they bought a service or product after viewing it on Instagram.
83% of the people surveyed said that they use Instagram to discover new products.
The product/service doesn’t have to be complicated.
It could be something you already sell in a physical shop, items you make as a hobby, or your expertise.
Once you have the product, set up an Instagram account.
Create a new business account or convert your store into a business account.
When it comes to selling on Instagram, you can post your products and redirect followers to your website so they can buy.
Idda van Munster posts her breathtaking photos, and she has a link on her bio where followers can shop her work.
Alternatively, make use of the Instagram shopping features.
Unfortunately, Instagram Shopping is not available everywhere yet.
However, if it is available in your country, make use of it.
It is a feature that allows you to create shoppable posts.
You will need to connect your Instagram business account to a Facebook account.
Use the connected Facebook account to create a catalog and then apply to Instagram shopping by signing up.
If you are approved, all you have to do is turn on the feature, and you can start posting and making money.
Your shopping posts aren’t different from organic posts.
The only difference is that they have a small “View Products” icon on them.
When someone taps the icon, they’ll see the tagged products and their prices.
You can have a piece of the affiliate marketing pie using Instagram.
If you think you are good at convincing people to buy something, this would be a significant venture for you.
And you will need the skills because affiliate marketing is commission-based.
At this point, you are probably wondering, “how can I make money on Instagram while utilizing affiliate marketing?”
Well, it is not that complicated.
The first step is to choose a niche.
You can market different kinds of products, but you don’t want your Instagram account to be all over the place.
Narrowing down helps you create content that resonates with a specific type of audience.
Once you have a niche in mind and an Instagram account set up, it is time to find products.
You can do this by approaching a business directly.
The other option is by connecting to brands through affiliate platforms.
The programs give you a unique link or code.
You post the products and the link.
When someone clicks on the link or uses your code and makes a purchase, you make money.
Can you imagine how easy that is?
Just as with sponsored posts, you will need to be transparent with your affiliate posts.
Use #ad or a paid partnership tag.
How to Make Money on Instagram: FAQs
Q: How Many Followers Do You Need to Make Money on Instagram?
A: As you have seen above, making money involves selling or advertising.
Without followers, there’ll be no one to see your posts.
When it comes to influencing, many brands will want to work with influencers who have a lot of followers.
The more the followers, the higher the impression and engagement rate.
So you will need at least 10,000 followers to make a reasonable amount.
You can make money on Instagram with 500 followers through affiliate marketing and selling your products.
But since your content to many people, you may not be lucky.
The bottom line is that you need many followers.
Q: How Can You Grow Your Instagram 2020?
A: With all of the methods discussed above, the more followers you have, the better.
Also, Never buy followers.
Buying followers can be the single worst thing you can do if you are trying to make Instagram a source of income.
Post-high-quality content. Take great photos and use editing tools such as Adobe Lightroom.
There is a free version available on mobile.
Or you can choose to pay for the premium version.
Engage with other Instagram users.
Like people’s posts, comment, and follow them.
Most of the time, when you follow someone, they’ll click on your username to check out your profile.
If your followers like what they see, they’ll follow back.
Post regularly to keep your followers engaged and to attract new ones.
And when people interact with your posts, engage with them.
You should also collaborate with other Instagrammers and hold giveaways.
How Much Money Can You Make on Instagram?
The amount of money you make depends on how many followers you have and your business skills.
With influencing, you can make a fair amount of money on Instagram with 10,000 followers.
With that following, you are a micro-influencer, and brands may be willing to pay $50 to $100 for a single post.
Some niches and businesses pay more while others pay less.
It is possible to make money on Instagram.
You can become an influencer, sell your stuff, try your hand in affiliate marketing, or all three.
You will need an Instagram account with a significant number of followers and marketing skills.
If you would like to know more about growing a massive Instagram following and making money, check out my Instapreneur Academy review.
My Closing Thoughts
If you’ve made it this far into this post, you’re serious about learning the proper way to make money with Instagram.
Therefore, it’s time to take the information I’ve provided you with and take action.
Like anything in life, before you get good at it, you’ll need to receive the proper training.
Whenever you start a new job, they need to train you before you start working.
Well, this same principle applies to the online world.
If the thought of making money with Instagram intrigues you, you may want to check out the Instapreneur Academy.
This is the place that tought me the basics of Instagram Marketing and how to use this social media platform to my advantage.
If you’re looking to grow a following this course is absolutly vital to your success.
Also, the training is step by step and easy to follow.
Anyway, I hope this post has given you some insight into Instagram and how to make money with this social media platform.
However, if you still have questions, now would be the time to ask them.
Leave your comments, questions, and anything you’d like to add within the comments below.
I’ll get back to you with a detailed reply.
Until Next Time
~Your Friend, Scott~
Instagram not your thing? That’s cool, here are a few alternatives you may find useful.
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