How to make money on Instagram? 6 Ways
How to make money on Instagram? 6 Ways
Can you make money on Instagram?
You can definitely make money on Instagram! In fact, there are several ways to monetize Instagram, which I will talk about later in this article.
Now let’s look at some of the most important numbers:
- How many followers do you need to earn money
- And how much money can you expect to make on Instagram
How many Instagram followers do you need to make money?
Now that you know you can make money on Instagram, you might be wondering how many followers you need to get started.
In fact, you don’t need as many followers as you might think because more and more brands are focusing on engagement rate rather than follower count today. Any participation rate of more than 3% is considered reasonable.
Engagement rate = number of likes + comments on the post / total number of followers
You can also use a file Instagram engagement rate calculator To easily understand your participation rate.
As long as your engagement rate is above 3%, you can start partnering with brands and earn money (or at least free products) with less than 5,000 followers.
Influencers who have a small number of followers, such as 5,000, 10,000, and 20,000, are considered partial influencers. And what’s good, many brands prefer partnering with micro influencers because they may have a real audience.
How much money can you make on Instagram?
How much money you can make from Instagram depends on various factors, including:
- the number of your followers
- Post rate
- Your reputation among your followers
In general, it is possible to make $80 per post as a beginner Instagrammer and up to $1 million per post with hundreds of millions of followers.
Let’s break down the Instagram income based on the number of your followers:
|The number of followers on Instagram||earnings|
|Up to 10,000 followers||$88 per mail|
|10000 to 100000 followers||200 dollars / after|
|100,000 to 1,000,000 followers||$670 per mail|
|1,000,000+ Followers||3000 dollars + / after|
Who is the highest paid Instagrammer?
Currently, Dwayne Johnson (The Rock) is the highest paid Instagrammer with 241 million followers, and charges over $1 million per post. Kylie Jenner closely follows her 223 million followers who make $986,000 per post.
|Instagrammer||number of followers||Post price|
|Dwayne Johnson (The Rock)||241 AD||1 million dollars|
How do you make money on Instagram?
Become an influencer and work with brands on sponsored posts
Many companies use influencer marketing to build awareness of their brands and increase sales. According to his study Rakuten Marketing 8 out of 10 consumers have purchased something after seeing it recommended by an influencer. (How to make money on Instagram? 6 Ways)
But in order to become a successful influencer, you must build a real audience that trusts and engages with you.
As mentioned above, you do not need as many followers as you think to become an influencer.
according to Latest dataMicro influencers (with 10,000 followers or less) have higher engagement rates than larger influencers with hundreds of thousands of followers. Accordingly, micro-influencers get the best results for companies with low ROI.
Become an affiliate and earn money selling other people’s products
Affiliate marketing is one of the best ways to make money on Instagram. As an affiliate marketer, you promote the products of certain brands and get a commission every time your follower purchases a product using your referral link.
Amazon has one of the best affiliate programs as many people have Amazon Prime accounts, making purchases from Amazon on a regular basis.
As an Amazon affiliate, you can earn up to 10% commission from every sale made through your link. Although this commission may be relatively low, it is still a great option because Amazon is a brand that everyone trusts.
Here is a list of the best websites where you can find affiliate programs to join:
There is no set follower limit in order to become an affiliate marketer. However, the more followers, the better.
Affiliate links are included in your Instagram bio. Links must be clickable to direct visitors to the product home page. Also, writing a call-to-action can help draw attention around your affiliate marketing to increase clicks.
Pro tip: You can also Never blog To boost your affiliate links even further.
Open your online store and sell products through Instagram
Turning Instagram into an e-commerce platform is one of the best ways to achieve this Make money online.
The good thing about selling our products through Instagram is that you don’t necessarily need to have a website. You can simply post your products on Instagram and connect with your customers through Instagram DMs.
However, it is highly recommended to create a website for your online store to make your brand more recognizable. In addition, having a website allows you to sell your products all over the world.
Shopify It is one of the best online store builder that allows you to easily develop your own e-commerce store.
If you want to sell handmade products, you should also check Etsy.
Become an influencer’s virtual assistant
The bigger Instagram influencers are usually busy; Besides creating content for Instagram, they have a constant connection with brands.
This is why many successful influencers are looking for a virtual assistant to help them manage their daily tasks.
Tasks you may be asked to perform as an influencer’s virtual assistant:
- Reply to emails
- Schedule meetings (online or in person)
- Influencer schedule management
- Reply to direct messages on Instagram
- Reply to comments
- Post management
- scheduling posts
- Analysis of the results
- and more
Sell Instagram Caption Services
If you enjoy writing captions on Instagram, you can sell your service and write captions for various business accounts or influencers.
The best place to find customers who buy your Instagram caption services is Pfeiffer. Fiverr is one of the largest independent marketplaces where you can list your services for buyers to purchase your packages directly, without a lot of back-and-forth communication.
Instagram captioning services on Fiverr start at $5. However, to get the most out of it, you will find most people offer service packages. For example, 5 Instagram captions of about 50 words each for $40.
Build and sell your Instagram account
If you are good at growing Instagram accounts, you can actually make money by creating an account from scratch and selling it for profit.
Here are some tips to keep in mind to get the most out of your sale:
- The account must have at least 1000 followers
- Your audience must be original – no bot accounts
- Account engagement rate must be higher than 4% if it is a small page and higher than 2% if it is greater than 20,000 followers
Should I make money on Instagram?
Overall, Instagram is a fun app that has many money earning opportunities that you shouldn’t miss.
However, I recommend that you take some time to decide which of these six ways you will enjoy making money the most. This way, you can choose an Instagram post that won’t feel like a job while at the same time earning money.