7 Best Ways to Make Money on Instagram
Make Money on Instagram
People can make big money on Instagram: The recent Hopper HQ report claims that Kylie Jenner is paid around $1.2 million for a single post on Instagram. Obviously, if you’re not one of the world’s most well-known celebrities, your estimated earnings may vary depending on the following count, engagement, reputation, and more.
In this article, we’ll cover the top ways to make money on Instagram:
How to Make Money on Instagram?
Become an influencer and make money from sponsored posts
If you can reach coveted influencer status, you can use your Instagram profile to promote all kinds of products from all kinds of brands..
If you’re not familiar, an influencer is someone who has built a reputation and loyal following by sharing regularly on their social marketing accounts. They have a good following and they’re able to convince their audiences to jump onto trends and buy certain products.
Become an affiliate and make money selling other people’s products
You can sell other people’s products and get a cut. There are loads of people who make money from Instagram through affiliate programs.
The difference between an influencer and an affiliate is that an affiliate is working towards making sales for the partnering brand in exchange for a commission. On the other hand, the influencer is mainly aiming to create awareness.
Become a Virtual Assistant to an Influencer
If you’d rather work behind-the-scenes, consider becoming an assistant to an Instagram influencer.
Many influencers out there need help – with filtering sponsorship requests, running ads, identifying fake followers, and more. You can offer to be their VA and charge by the hour for your services. As an Instagram influencer VA, you’ll be accountable for lots of things, such as managing DMs, scheduling posts, and replying to comments. Also, the influencer may ask you to share digital content ideas for growing their personal brand.
Sell Instagram caption services
Many small business owners use Instagram to promote their goods and services, but only a few of them have the resources or expertise to write good Instagram captions. If you’re good at coming up with creative Instagram captions, you can sell your digital services to these companies. Just remember, they’ll judge you by your ability to write engaging short-form copy.
Sell poster photos and other virtual products
Instagram is all about the visuals. That’s why beautiful products and photos will get more sales.
You can sell poster photos, paintings, drawings, animations, videos, and other image or video-based virtual products. On each post, include an interesting caption and refer readers to visit the link in your bio. This is another popular way that people make money from Instagram.
Sell your own physical products
You can sell any physical product that you make yourself or buy from suppliers. This conventional ecommerce retailing usually requires stocking some inventory, meaning you’d need to spend some startup capital to buy your products.
You’ll also need a place where you can keep the products, like a spare room at home or a rented storage space.
Sell dropshipped products
Dropshipping is a business model you can use to run your store without ever holding any inventory.
Once you’ve made a sale, your supplier will ship your products from their warehouse, straight to your customer’s doorstep. You’ll never need to worry about storing, packaging, or shipping your products.