Punjab, Kasur, 7th Feb 2022, ZEXPRWIRE, In recent years, Instagram has grown to become one of the most popular social media platforms in the world. Since its acquisition by Mark Zuckerberg’s Facebook (now Meta) in 2012, the platform has experienced tremendous growth and has become one of the most reliable for business owners, fun seekers, and others. It has also provided great opportunities for users to make money while using the platform.
However, not many people understand the basics of making money with instagram. This article will highlight the top five proven ways of making money on Instagram.
How much do influencers earn on Instagram?
According to Wikipedia, the five most-followed people on Instagram are Cristiano Ronaldo, Kylie Jenner, Lionel Messi, Selena Gomez, and Dwayne Johnson. The first three have over 300 million followers. As a result of their celebrity status and the number of followers they have, these people can make extremely huge amounts of money on the platform. However, influencers who are far less popular can still make significant sums. For example, an influencer with one million followers can rack up about $670 for every single post they make. One can make up to $200 per post and $88 per post if they have 100,000 followers and 10,000 followers respectively.
Interestingly, you can start making money with Instagram with just 1,000 followers. All you have to do is create good content and keep your followers engaged. So, the logic is simple: the more followers you have, the more money you make.
Here is how to make money with Instagram:
1. Look for sponsorship deals
One of the main ways Instagram users make money is by developing sponsored content. Although finding a sponsor is not a herculean task, it does require you to put in much effort.
If you create wholesome content or are just lucky enough, people or companies may approach you for sponsorship deals. Nevertheless, you can also approach them and offer sponsorship proposals.
Look for the companies and brands that require your services. You can also approach companies that will connect you with brands and businesses.
While looking for sponsors, you must be as unique as possible. Also, always have your followers in mind when looking for sponsors. Make sure you connect with brands whose products resonate with a large portion of your audience. Don’t just influence any product because you need to make money. Instead, have the product growth and visibility in mind. Approach brands or companies whose products suit your pattern of influencing.
For example, if you have built strong followership on Instagram because your content revolves around pets such as cats and dogs, make sure you influence products that concern pets. Your followers will trust your opinions about the kind of products suitable for pets more than fashion brands they should patronize.
2. Business Promotion
Sponsored posts on Instagram are just one of many ways to make money on the platform. Here is another; business promotion. Work towards the growth of your business by creating a business account. For instance, if you own a restaurant where you sell a variety of foods, you can consider creating a professional account (business account) on Instagram to promote your business.
Of course, you may have previously created a website for your restaurant business. All you have to do is share your website link on your Instagram bio. You can also share pictures and videos of your business on your Instagram page for visibility.
Take beautiful pictures of the product you are promoting on your business account and make them easily accessible to followers and viewers. You can create a unique hashtag and also look for those your competitors or other bigger brands use to promote their products.
When you get patronized by clients, ask them to take nice pictures or make videos of your products, make captions that can pass as excellent reviews, and tag you. Instagram has a feature that can help you find out a few things about your audience. It’s called the insights feature. With the feature, you can see the number of people who view your posts and get comprehensive statistics on the people who actively engage your content. These statistics include their age, gender, location, etc.
Instagram has a lot of business features that can help you find more customers or clients. You can also pay for sponsorship ads to enable your product to get to a greater number of people. Don’t forget to include your email address, phone number, and website link in your bio. They are one of the fastest means clients can reach out to you.
3. Sell items you wish to discard
Perhaps you have a nice-looking shirt you no longer need or a tennis shoe you want to discard, you have a greater chance of selling them off through Instagram. The process is simple. Open a seller profile on Poshmark (a platform where people buy and sell fairly used items) and link your profile to your Instagram page. Share photos and videos of the items you want to sell on Instagram. Make sure the pictures or videos are beautiful enough to capture the attention of whoever sees them. Give a detailed description of the items you wish to sell. That way, people can determine whether or not to buy the item. Create a hashtag with #shopmycloset (most people selling fairly used items on Instagram use this). Go back to your seller profile on Poshmark and patiently wait for potential buyers to flock in.
4. Get people to buy badges
Instagram provides a feature that allows users to make money by sharing real-time videos with their followers. It’s called a Live feature. You make money directly from viewers who buy badges to gain access to the premium content you make. These badges are not expensive but could fetch you a lot of money if you have a great number of followers who buy them. The cost ranges between $0.99 to $4.99. People who have badges are distinguished from others. A heart symbol is displayed on every comment they make on your post.
You can get more people to buy badges by making posts to inform your followers about your upcoming live videos.
5. Make money on your videos through ads
This is another top means of getting paid while making videos. You can allow brands and businesses to run ads during a video session. This is easy to set up. Simply click on the monetization option on your creator account settings. This will enable you to get paid for running ads during a live video. However, your earnings depend on the number of views you get during the session. For every view you get, you earn fifty-five percent of the revenue. At the end of each month, Instagram will pay you for the video ads.
Nevertheless, your videos must meet certain requirements before you can get paid. One of the requirements is the timeframe of your videos. They must be two to four minutes long and highly engaging.
Making money with Instagram is not difficult. However, you must be willing to put in the work and ensure that you understand the basic requirements.
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