It is now easier than ever to make money on Instagram. Instagram has become one of the largest social media networks in the world in a short amount of time. People are searching for ways to make money on Instagram.
Users fell in love with its minimalistic visual blogging theme and after getting tons of major updates, it is now a solid ground for businesses and brands to grow vigorously.
If you’re looking for answers to questions like ‘How to Monetize Instagram’ and ‘Can You Make Money on Instagram’, you are on the right page.
What You Need to Make Money on Instagram
If you’re looking for ways to making money on Instagram, there are some recommended ways to do so. There are a lot of Instagram models and Instagram fitness coaches with highly engaging profiles and there’s a group who call themselves as influencers.
Just like them, you can do sponsored posts for brands, as they will want to get in touch with your audience. Becoming an affiliate and working with brands to sell products with commissions is another way to do so. (Instagram Support)
Yet, first things first, you will need a highly engaging account with a dense audience base.
Top influencers make thousands of dollars with large followings but even an account with only a thousand, but loyal followers can start to get that money.
The point is, you do not need high numbers of following but large numbers of engagement.
How to Monetize Instagram
The term ‘influencer’ is used so much these days, but do we even know the meaning of it?
An influencer is someone with a loyal and engaging follower base. They built themselves an online reputation and their names are spoken as credible.
Many businesses and brands do not want to compete with these influencers as they can receive backlash.
Instead, they try to associate with these influencers and use their talents with sponsored posts to gain potential customers. As an influencer, making money on Instagram is achievable.
As a plus, influencers can charge what they want for their services as there are no fixed prices that we can talk about.
How Much an Influencer Really Make?
However, according to research, an average influencer will receive $200-400 per post. It shows that brands and businesses are willing to pay good money for their companies.
Other than that, as we mentioned, you can become an affiliate. Sell commissioned products on Instagram after you partnered with some brands.
- They will usually give you a trackable link or promo code. That way they can keep logs about how many sales you made.
- This business model has a downside though, as you can’t embed a link to any other place than your biography.
- You can only sell one product at a time, but we know Instagram’s working on new business features for its users.