Today I’m going to show you a few ways to make money with Instagram . After reading this post not only will you know how to make money with Instagram but you will learn how to work with brands.
Instagram app initially emerged as a means to share photos, but of course marketers joined and turned in into a huge money making platform. Many people are taking great advantage of this social network since it has become one of the largest platforms over the years.
Below is a video from Justin Bryant in which he explains how much money you can earn from your Instagram account .
Instagram is one of the most popular social networks in the world and has provided a great opportunity for anyone to make money on it.
This is the graph of interest growth of the term “Instagram” in Google Trends since 2012. Every year it has grown.
As you can see above Instagram has grown to be one of the biggest social media network. There are millions of people around the world who have a Instagram account. Instagram has become more popular than LinkedIn and Twitter. But let’s see some numbers.
Instagram has 1 Billion active users per month according to Statista, and more than 800 million people use it every day. With the amount of users that are sharing and creating content on Instagram the potential is unlimited
Instagram’s success is that it is 100% visual content. Thousands of photos and videos are shared daily by users, but also by brand accounts. This has allowed many regular people to become influencers and earn an income on Instagram.
Another factor of its success is its search engine, which allows you to search for content based on a hashtag, user name, location, or even view the stories that are taking place at any time in specific locations.
Opportunities to earn money with Instagram
This post is not your typical tips on how to grow your followers, build a Instagram community, or how to publish viral content . In this post I’ll show you tools and tips on how to make money from Instagram.
The first thing you should keep in mind is that many of the tips you will see in this post are more effective the bigger your Instagram account is.
1. Sponsored Posts
This method works in the following way: A brand pays you a certain amount of money in exchange for you posting a photo or video on your Instagram account promoting their product or service, and including a message or hashtags.
You may think that it is very difficult to find sponsors, but it’s not.
One of the best ways to get sponsors is through websites like SocialPubli .
Once you are in Social Publi you can create an account as an influencer and connect your Instagram account, once you have you have created your account you will have access to a panel with several campaigns of brands that want to promote their products or services.
Once a brand chooses you to sponsor a post you must accept and then payment is made into your account.
The good thing is that companies usually select several accounts so it is not difficult to get a few sponsor post request a week. The bad thing is that if you do not have many followers you will get paid less and if you do not accept a campaign quickly they it is possible that another influencer will accept it and the brand will be over budget and you will not be able to accept.
Once you start accepting sponsored posts your payments will accumulate in your account and you will be able to withdraw them to your bank or Paypal once you have reached the minimum of $100.
Another very good site to find sponsors is Ifluenz, and the process is exactly the same. You create an account as an influencer, connect your account and choose the campaigns in which you would like to participate.
The difference between Ifluenz and SocialPubli is that you must have a PayPal account to collect your earnings.
My advice to you is to only take campaigns that promote products that are related to the content you post on your Instagram page.. Otherwise it will feel unnatural to your followers.
2. Direct sponsored posts
In this case, it is the brands that get in touch directly with influencers on Instagram. That’s why this method is not for everyone, because if you do not have a large number of followers on Instagram it will be very difficult for brands to notice you and offer you money in exchange for promoting their products.
What kind of people are making money on Instagram with this method? Generally fashion bloggers, beauty, as well as photographers, musicians, artists, and other profiles that have gained plenty of visibility on the internet and are followed by thousands or millions of users.
This is an example of an Instagram-sponsored post:
In this post @shanmacmua promotes the Hand MD Skincare brand, getting 1,980 likes on Instagram.
The process of getting a sponsored Instagram Post:
- The brand contacts you.
- Publish the sponsored image or video.
- Include a comment with one or more hashtags about the brand.
- You receive the money in return.
Many people on Instagram are doing it now through Instagram stories. And in addition to receiving money for the post you can also receive a free sample of the product.
You should know that this method is only available to people who have many followers. Brands usually start looking and reaching out to accounts with 10,000 followers or more.
3. Sell your Instagram photos
If you are a photographer you can sell your Instagram photos or any other photo that is yours to earn extra money through applications like Foap.
Foap is a on demand photo platform, where users and companies that need photos with very specific characteristics can acquire them for their advertising material or websites.
Through Foap you can earn $5 for each photo. One of it’s advantages is that you can sell the same photo to different buyers.
Another advantage of Foap is that users can add your photos to their collections and your photos will also be visible from their profiles. For each photo they sell they will earn 25 cents and you will earn $5.
To start selling your photos in Foap you must create an account and fill in your personal information.
You can do it through their website from your computer, or through the app for iOS and Android. You can only update photos from the app itself.
Foap run many “contests” called “Missions “. The missions are contests ctreated by brands such as Nivea, Shell, and many others where they look for a type of photo for their campaigns and pay from $100 to $500 if your photo is selected.
This way of making money with your Instagram photos is only effective if your photos are spectacular. Otherwise I would not use this method.
It is not necessary to have a large number of followers on Instagram to start generating revenue in Foap since what the brands are looking for are quality photos and exclusive for their own use.
This is a great way to generate passive income through if you take good photos.
4. Promote products with affiliate links on Instagram
Another way to make money on Instagram is by promoting affiliate products. This consists of choosing one or several affiliate products and selling them through your Instagram account, or paying influencers with many followers to promote them for you.
Affiliate Marketing is a arrangement by which an online retailer pays a commission to an external website for traffic or sales generated from its referrals.
There are many companies and platforms that have affiliate programs and allow you to promote your products the way you want.
If you have a lot of followers, you can do posts on affiliate products that give you a good commission. But if you want to promote these products on a large scale you can contact influencers and pay them to post the product for you.
Paying influencers with many followers is an excellent way to advertise and can greatly increase your followers and your engagement.
There are several platforms that offer affiliate products. The most important thing is to choose the affiliate products that are best sold and that generate the most commission.
Some of these affiliate platforms are:
There are also product or service companies that have their own affiliate program , such as Themeforest (marketplace for web design resources, graphic, video, etc.) or Web Hosting companies such as Siteground. The rules are always the same, if you sell their products, you earn a commission for the sale.
Platforms like Skimlinks offer thousands of products created from different sites such as amazon, target and Walmart. Here you can find many products of various categories to promote.
How to buy shoutouts from Influencers on Instagram?
Once you have chosen your product or affiliate products that you want to promote through influencers, you will have to contact those that interest you most.
You can try to contact them, but there are sites that make it much easier for you.
You can use Shoutcart.com . In Shoutcart you will find many influencers from whom you can buy sponsored posts from on Instagram.
The most important thing to know is who to choose to shout you out. In these type of platforms there are thousands of influencers, some cheaper and others some more expensive. You need to choose one that matched your budget and also one that is in your niche.
It would not do any good to pay for an Instagram-sponsored post to an influencer in the fishing industry if your product is one of beauty and health.
No matter how many followers they have, the users that will see that post will probably not show as much interest in your product, because it is not the right audience.
How does Shoutcart work?
You should be looking for influencers within your niche. Shoutcart allows you to segment your search.
You can use the following search filters:
- number of followers
- quality of the account
Shoutcart offer a lot of information that help you determine which influencer you should pay for.
You can look at things like:
- Number of followers
- Number of “likes” on photos / videos.
- Level of engagement of the profile.
Once you have decided which influencers are the best ones to promote your profile or your products you will have to pay and put a description of what you want them to post in their profile.
The process is very simple and works.
Now, keep in mind that it will not do you any good to pay influencers if you have chosen a bad product, or if your influencers have little engagement . It is advisable to work with influencers with a number of followers over 50,000 .
You will find a great variety of prices and profiles within each category or niche.
5. Instagram Ads
Advertising on Instagram is also a way to promote your products to earn money.
By running Instagram ads of your products you can get many visits and visibility of your products, reaching new people and getting followers.
However, I think that this method is less effective than paying a influencer.
If you want to earn money on Instagram by selling your products, influencer marketing will have a much bigger impact. The influencers have already gained the trust of their community.
It will however cost you more to pay a influencer than running ads but you will make more money quicker with a influencer .
If you want to advertise on Instagram, you’ll have to create your ads through your Facebook advertising account, and select the option that you want your ads to show on Instagram.
6. Sell your services through your Instagram profile
This method of earning money on Instagram is not for everyone. If you have very few followers it will be very difficult to generate income on Instagram selling your services.
However, many professionals with a well put together personal brand have expanded their visibility and influence through Instagram.
Cici is a marketer who sells plenty of courses on email marketing and Instagram strategies on her Instagram stories and Instagram timeline. She has achieved this by gaining a big following and being consistent.
7. Sell products from your online store through your Instagram profile
Another way to earn money through Instagram is to have an online store and build a community of followers and potential customers through Instagram.
The first thing you need to do is have an online store where people can buy.
You can create your online store on platforms like as Etsy, WordPress, Shopify or Wix. With these platforms you can create ecom sites without knowing how to program.
If you have an online store you can give your products a lot of visibility on Instagram and generate many sales. There are many examples of brands that have managed to earn a lot of money through Instagram selling their products.
The visibility of Instagram is crazy. Here is what you should do:
- Have an online store where they can see your products.
- Create the Instagram account associated with your niche.
- Publish regularly related content and product photos.
- Generate sales
One of the best examples I know is that of Flavorgod. This company sells seasonings and dressings of all kinds for the kitchen, and has achieved more than 2.6 million followers on Instagram. Take for granted that you are making a lot of money through Instagram.
This account publishes video and photos of quick recipes using their product. They do lots of sweepstakes, contests and there are also times when they have sales.
Their product has become very popular on Instagram and many people who buy it publish their own photo with their own recipes.
Their Success was built through Instagram
Any brand that has a good product can apply this example to make money with Instagram. These tips are applicable to virtually everyone.
Flavor god has undoubtedly invested and invested a lot of time in Instagram, but thanks to its popularity on Instagram it has been able to expand its distribution network and improve the manufacturing of its products.
8. Instagram Shoppable Product Tags
Instagram has incorporated the ability to tag the products that appear in the photos and add a description and a purchase link to a photo.
The great thing about this new feature is that your customers can save the products as favorites to buy them at a later time.
The labeling system works the same as when you tag a person, the labels are not seen until the screen is tapped.
9. Selling your Instagram account.
Another way to earn money through Instagram is by selling your account. If you have decided to go on Instagram and have an account with many followers, you can publish it on advertising or sales pages such as Wallapop or SocialTradia.
There are people and brands that want to start with a new profile on Instagram but prefer not to start from scratch, so they look for accounts that already have followers and engagement to transform them and grow them faster.
If you are looking to buy an Instagram account I would recommend you to look for accounts in the same niche and with VERY similar content to what you will be publishing. This way you can be sure that the engagement is maintained.
10. Using the “Swipe Up” Feature.
If you have more than 10,000 Instagram followers you can put links in your Instagram Stories. Through these links you can direct your followers to your online store completely free of charge.
If you do not have an online store you can take advantage of this functionality in other ways. For example, selling affiliate products. You can link from your Instagram Stories to products with your affiliate link and make commissions for each sale. Companies like Amazon have an affiliate program in which anyone can join and earn money for each Amazon product they sell. The commissions are very low, but if you have lots followers you can make money.
Instagram has many monetization options. There are many opportunities to earn money with Instagram if done correctly.
These methods are varied and in some of them it is not necessary to be influencer, nor have thousands of followers.
Depending on the method you use, you can generate a little income, or even make a living from it.
There are thousands of active users a day Instagram. The exposure potential is very high.
If your audience is grown in the right way by using the right techniques, Instagram will allow you to take advantage of its great potential for monetization .
Do you know more ways to earn money on Instagram? Tell us in the comments below