Have you ever wondered how to make money from Instagram? If you are not familiar with Instagram, it’s an application that allows users to take pictures or short videos on their mobile device and share them with friends on social media platforms.
It’s one of the fastest growing social media platforms online, so it makes sense to build up your presence there, but how do you start making money? In this article we will show you how to make money with Instagram without investing any money of your own.
How much do Instagram influencers make?
Instagram influencers can make a lot of money. Though it’s difficult to get an exact amount, estimates place earnings for Instagram influencers at between $1,000 and $5,000 per post.
The top five Instagram influencers as of April 2021 have over 200 million followers each and include:
- Cristiano Ronaldo
- Ariana Grande
- Dwayne Johnson
- Kylie Jenner
- Selena Gomez
According to Search Engine Journal. While the money these Instagram superstars can make is astronomical, the income people who aren’t celebrities can make is not necessarily chump change.
How many Instagram followers do you need to make money?
You don’t need millions of followers to make money from Instagram. You don’t even need a full thousand! If you follow along with our tips, you can make money. That sounds crazy, but it’s possible if you do your research and learn how to target customers based on their interest.
Read below for an in-depth guide about how many Instagram followers you should have for maximizing your income potential.
Tips to make money with Instagram
You can start making real income from home with just a few tips. Here are 10 tips to make money with Instagram:
1. Promote your business
Instagram has announced that it now has more than 300 million active users. This is an increase of more than 100 million in less than a year, which makes it a huge potential traffic source for you if you have any kind of business.
The first step in making money on Instagram is by having a great Instagram account, and making sure your content is interesting and engaging. Do some research on what people like to see on Instagram, and give them what they want!
2. Get sponsored
Getting sponsored on Instagram can be a way for you to make money using your Instagram account. A lot of companies are beginning to notice that Instagram is becoming one of the top ways for people and businesses alike, spread their message across social media.
It's important that before you get started trying to get sponsored that you have a large following on your account.
3. Earn badges on Instagram through live videos
Do you have an Instagram account? You can earn money directly from your audience when you share real-time videos with Instagram’s Live feature. It's true!
Promote your upcoming Live video sessions through posts or stories to get the word out beforehand. As you showcase your talents, products and so on, viewers can buy badges, which are essentially tips, to show support. Badges cost $0.99, $1.99 or $4.99. You’ll see heart symbols next to comments from people who’ve purchased them.
Then, try using the Q&A feature or give shoutouts to commenters while you’re broadcasting to boost engagement — and hopefully, badges.
4. Monetize your videos with ads
This network, however, has a way that it can be used to help you make money. Allow brands to run ads during your videos.
To set it up, head to your creator account settings and enable the monetization option for in-stream video ads. Then, post videos as usual. Videos need to be at least 2 minutes long to earn money.
After doing so, every time someone clicks on your advertisement, you will earn revenue for it. The amount you earn depends on how many views your video gets in the feed.
You’ll receive 55% of the revenue generated per view, according to the Instagram for Business website. Payments are issued monthly.
5. Promote affiliate links
One way that Instagram users are making money is by being an affiliate on Instagram. You can do that by linking your account to affiliate marketing and you’ll earn commission whenever someone follows one of your links or buys something you recommended on your profile.
On your bio section, create a link and share it. You can also mention any discount codes in your posts so that people can simply click through them while they’re looking at related content. Once they buy something from one of these companies like:
- Amazon
- Wayfair
- Bluehost
Through an Instagram link, you’ll earn commission for it!
6. Open your own E-Commerce store
When Instagram first launched, it was an extremely popular photo-sharing platform for individuals, businesses and celebrities.
From a marketing perspective, that popularity means that there are thousands of people on Instagram looking for ways to monetize their presence on the platform.
If you’re in business or just want to make money from Instagram in a creative way, you can open your own ecommerce store on Instagram.
7. Set up Instagram shopping
Shopping on Instagram is a phenomenon. It’s also a great way for brands to connect directly with their customers.
So, if you want in on some of that affiliate action, just sign up for an Instagram shopping account and start posting links to relevant products! You don’t need a ton of followers; 50 or so is good enough to get started.
And be sure to include hashtags like #outfit #look and #shopstyle when you post images of products that your audience would actually use.
Many businesses are willing to pay big bucks for exposure on popular social media sites, according to Social Toaster: 92% of individuals trust word-of-mouth recommendations, 76% of people say that they’re more likely to trust content shared by common people than brands, and 82% of customers want to get referrals from friends before making a purchasing decision.
Simply put, people seek out peers’ recommendations, so it’s no wonder more and more brands reach out to influencers to get shoutouts for their brands.
9. Become a brand ambassador
Many brands are looking for people to promote their products on Instagram, but most companies want to establish long-term relationships with influencers, so they seek out brand ambassadors who can promote a company in a positive light on a regular basis.
Or Simply reach out to a company you like and express your interest in becoming a brand ambassador (or whatever they’re calling it these days). If you mention that you have a large following, they might even consider becomeing a brand ambassador.
No matter what you do for a living, whether you're a filmmaker, ghost writer or public speaker, you can use Instagram to find clients, and make money with Instagram in your own way.
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