Instagram is not only one of the most popular social media platforms but also ideal for online marketing and engagement. You can easily tell your brand story via Instagram thanks to the exciting features.
Before thinking about how to make money on Instagram, you should first focus on growing your profile. That way, you not only eliminate the cost of advertising but also increase the chances of making a profit from your business.
Even if you only have 1000 engaged Instagram followers who like, comment, and share your posts, you can still make money on your account. What matters is the quality of followers.
According to Instagram business, 200 million accounts check out a business profile each day, 60% of people use Instagram to discover new products while on the other hand, 80% of Instagram users follow at least one brand.
While there are dozens of ways you can generate income from Instagram, it may be challenging for starters who do not understand the ropes. It is against this backdrop that this blog post explores a few proven ways you can make money on Instagram.
#1.Affiliate Marketing
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Affiliate marketing is one of the easiest and common ways you can generate income from Instagram. All you need is to share affiliate links on your posts to earn commissions from sales you generate. When done right, you can generate impressive income from affiliate marketing.
To earn from affiliate marketing, you should join affiliate networks like Clickbank, Shareasale, and many other affiliate marketing platforms. Alternatively, you can join affiliate programs offered by various companies.
Due to a high engagement on Instagram, it is an ideal place you can promote affiliate links.
Regardless of how many followers you have, you can simply include an affiliate link on your bio to generate sales and earn commissions.
Just like Google and Facebook, most people visit Instagram to buy products.
#2.Consulting services
If you are an expert in a particular field, you can leverage Instagram to offer your services and generate income. All you need is to build your social media community to widen the scope of your audience.
Consulting services can range from health, finance, fitness, or any other field. You can design a banner and share it on your platform so that you can attract potential customers.
By growing your Instagram network, you reach more customers and unlock more opportunities for your business.
#3. Sell Digital Products
More than 1 Billion people are always scrolling Instagram to access the content. So how do you put yourself ahead of the pack? In that regard, you should focus on creating high-quality content to appeal to your target market.
Some of the digital products you can sell to generate income include videos, ebooks, audio, photography among others. That way, you not only increase the chances of generating more sales for your business but also improve brand visibility.
#4. Offers Social Media Marketing Services
Today, there are dozens of companies offering social media marketing services. Established brands like Starbucks, Nike, and many others are already selling products on online platforms.
This signals more opportunities in the social media marketing industry. Due to high engagement on social media platforms, many brands now leverage social media platforms to market their brands.
You can therefore advertise social media marketing services on your Instagram account to get more customers. You can either include the services on your bio or design social media posters to enable people to have a clue about the services that you offer.
#5.Mentorship services
Another great area that you can explore is mentorship. Similar to offering consulting services, you can offer coaching services to generate income. Typically, coaching and live training programs usually involve a series of training sessions that take a period.
Plus, to succeed in this area, you have to be consistent in your content strategy. You should therefore create content that is relevant to your niche to appeal to your target audience.
However, counselors, psychologists, motivational speakers, and other professionals can leverage the power of Instagram to reach out to the target market.
#6.Online Courses
You can sell online courses to generate income from your Instagram profile. The difference between coaching and online courses is that while coaching entails live courses, online courses entail recorded lectures.
So far, bloggers and entrepreneurs leverage social media to sell online courses. As such, experts in various fields can sell online courses to their audience on Instagram. To succeed with Instagram marketing, you must target the right audience and choose a niche that resonates with your target market.
#7.Create your online store
Instagram so far offers an opportunity for entrepreneurs to sell their physical products and generate income. Established celebrities now leverage Instagram to sell products. With a huge social media presence, you can leverage a huge social media following to get conversions.
Once you become popular, you can start with a drop shipping model and scale up to sell the Instagram shop. Although selling on Instagram requires intensive promotion, it can generate income if done correctly.
# 8. Become an Influencer
Influencer marketing is a great way you can generate income from Instagram. All you need is to grow your social media profile to attract sponsorships from other brands.
Dozens of brands now leverage the huge followers that influencers command to generate sales. With influencer marketing, you can approach advertisers to promote products on your profile.
Many influencers are now earning impressive income from Instagram marketing. If you find it challenging to grow your Instagram profile, you can opt to buy Instagram followers to speed up the growth of your Instagram profile.
#9.Sponsored content
Growing your Instagram account comes with tonnes of benefits. Aside from earning from advertising revenue, you can earn from sponsored content from various brands.
Similar to influencer marketing, you can post sponsored content on your Instagram account to generate income. The bottom line is that you can generate impressive income from simply posting sponsored content.
#.9.Monetize Your Videos
Another great way you can earn from Instagram is by allowing brands to run ads on your videos. However, the amount you can earn from this strategy depends on the number of views your videos can get.
In this case, you are entitled to 55% of revenue generated per view. To set up, you just enable the monetization for in-stream videos on your account settings. To earn, the videos need to be at least 2 minutes long.
#10. Promote your Business
Instagram comes with great features that you can leverage to promote your business. Whether you are a consultant, an entrepreneur, or run an e-commerce store, you can use Instagram’s advertising to promote your services and get conversions.
Typically, Instagram not only allows you to grow your brand through visual organic content but also run targeted ads to widen the scope of your audience. Additionally, you can drive traffic to your website and increase brand awareness.
Conclusion
Some tonnescounselorsu counselors income with your Instagram account. Whether you want to promote your brand, earn from influencer marketing or promote other brands, you can leverage Instagram’s features to unlock your potential.
Even though Instagram is ideal for generating revenue, you must first invest time and energy in increasing your follower count. This not only reduces the cost of marketing but plays a great role in growing your Instagram account