How to Use Instagram to Make Money
With more than 700 million monthly active users, Instagram is an incredibly powerful tool to grow your business and build your brand’s audience. The only problem? As much as we all love it, Instagram isn’t exactly known as an easy way to make money. It’s true that influencers can earn big bucks through sponsored posts and promotions, but that’s reserved for the celebrities and beauty bloggers among us...right? Actually, no!
Create a Business Account
If you are ready to get serious about your business on Instagram, then head over and sign up for a business account. You can do this by clicking on the Businesses option in the main menu and following the prompts. You will have the opportunity to add payment information and set up invoicing preferences so that you can charge people for services once they order them through your account.
Engage with Others
One way to get more likes and followers on your Insta is by commenting on others' posts. If you comment, be sure to give them a like in return.
Organize Your Posts
There are so many ways to make money on social media and because of this there's a whole niche industry built around it. While building your following on Instagram is still important, it's no longer the end-all be-all when it comes to how you use your account. How you use your account is almost more important than how many followers you have.
Participate in Contests
Doing so will help you gain the attention of companies who are looking for new influencers, and if you have a large enough following, this could even lead to free products in exchange for reviews. Finally, be sure to hashtag your photos so that users can find them with tags and searching on platforms like Twitter.
Mention that contests are not the only way to make money off of Instagram but it is one way among many.
Get Paid for Being an Influencer
In this day and age, you don't need to be a celebrity in order to make money. There are ways you can earn money on your personal brand that is based on your passions, skills and interests.
5 Ways to Make Money on Instagram (That You Haven't Thought Of)
Many people use Instagram as an outlet to share their daily lives with the world, without realizing that there are many ways to make money on the social media platform. While you probably know about sponsored posts, which give brands and businesses an opportunity to advertise to your followers, there are actually a few other options available if you take the time to look around and experiment with different formats. Here are five ways to make money on Instagram that you may not have considered yet.
1. Start a Store
Selling products with unique, original designs is a really fun way to make money. For example, if you are an artist who wants to get their work out there, opening up a store on Etsy is a good way for you to do so. Sell just one or two of your pieces at first so that you don't spend all of your time trying to get your store off the ground!
2. Work with Brands
Brands can sponsor your posts and help you make money. Sponsored content is a good idea if you already have an established following that trusts what you're saying. Your followers are more likely to listen to the sponsorship coming from their favorite blogger than from a brand they don't know about. Keep in mind that not all brands will work with sponsored content, so it might be worthwhile to keep this income stream as a back-up plan.
3. Have an Affiliate Program
The easiest way to make money on instagram is by having an affiliate program. Get affiliate links from a company you're interested in and post your links with whatever it is that they're selling. For example, if I were promoting new eyeglasses then I might say something like I really love these new glasses I found. And then below that link would be my affilite link so people can go and buy the glasses too. It's a win-win!
4. Run Tournaments
Making money on Instagram takes time and lots of patience. But you can also earn money from other sources. One such way is by running a tournament. A tournament is a contest where participants compete for the chance to win cash or other prizes in competition with one another. Usually, there are rounds of matches, with the winners advancing each round, until the final winner emerges victorious.
5. Plan Paid Promotions
If you want to monetize your account, this is the best way to do it. If there are any brands or agencies that you love and trust, work with them and offer a sponsored post for cash.
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