February 4, 2022

How to Make Money on Instagram

How to Make Money on Instagram

Earning money from Instagram is probably every Instagram content creator’s goal. If you’re one of those seeking opportunities to get some greenback, we will be showing you the best tips and techniques to build up your Instagram presence & start your influencer’s journey. Keep reading our article and to find out about it all!

Here’s how to earn money on Instagram

  1.  Promote your own business

You can always use your account to help grow your own business!

For example, if you have an Etsy store or a blog that generates advertising revenue… a professional-looking Instagram account would definitely provide the needed promotional boost.

You can link to that Etsy or website in your profile or highlight one specific product (or a landing page) in your bio section to direct more people to it.

  1.  Get a sponsor!

Getting sponsors is a great way to start making money on Instagram. Brands tend to partner with influencers to help spread the word about their products and increase brand visibility.

To get to this point, you need to grow your Instagram following as well as regularly come up with posts that generate strong engagement from your followers.

You can use The Mysocial app to get sponsors much easier than anywhere else! Especially with the Sponsor feature! This powerful feature allows you to connect with over 3000 brands with the touch of a button!

Mysocial helps nfluencers get sponsors
  1.  Become a brand affiliate

You can make money on Instagram by getting a portion of the profits you make from selling products other people/brands own. There are loads of people who make good money from Instagram through affiliate programs.

Focus on creating engaging posts so you don’t sound pushy when promoting products.

And since you can only have one link on your Instagram bio, you might want to make it take directly to the browser instead of opening pop in Instagram!

This helps increase the probability that you’d get a sale.

  1.  Sell poster photos and digital products

Instagram is all about visuals; beautifully presented products and photos will certainly get more attention and maybe sales too.

On Instagram, you can sell poster photos, paintings, drawings, animations, videos, and other image or video-based digital products.

On each post, include an interesting caption & refer readers to visit the link in your bio. It’s a very popular but effective way that a lot of influencers use to make money on Instagram.

To get the most out of the photos that you take, try to be original, creative, and fun when taking pictures. Those will simply appeal to other like-minded individuals and get you more attention than boringly made-up ones.

  1.  Sell dropshipped products

Dropshipping is a very convenient business model you can use to run your store without ever holding any inventory in your hands! 

Once you’ve made a sale, your supplier takes care of the packing & shipping process of your products from their warehouse and takes it straight to your customer’s doorstep.

You’ll never need to worry about storing, packaging, or shipping your products ever again. With dropshipping, you can experiment to find the niche products that would sell well, without wasting startup capital.

You can easily set up a dropshipping store with Shopify or YouCan, or any other e-commerce CMS and start your dropshipping business now!

  1.  Use live streams to earn badges

You can make money on Instagram using the help of your audience with Instagram’s Live feature.

As you showcase your talents, products, and so on,  your viewers can buy badges, which are basically donations, to show support.

Badges can cost $0.99, $1.99 or $4.99.

You’ll see heart symbols next to comments from people who’ve purchased them.

You can promote your upcoming Live stream through posts or stories to get the word out beforehand. Then, try using the Q&A feature or give shoutouts to commenters while you’re broadcasting to boost engagement.

  1.  Use ads to monetize your videos

You can allow brands to run ads during your videos.

To set it up, just head to your creator account settings and enable the monetization option for in-stream video ads. Then, post videos as usual!

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 Instagram for Business.

Payments are delivered monthly. However, you won’t get paid if your videos don’t meet Instagram requirements.

For instance, videos need to be at least 2 minutes long to be monetizable.

Instagram recommends aiming for 2 to 4 minutes in length.

  1.  Launch an Instagram shop

You can start an Instagram Shop that lets you integrate your product catalogue with your Instagram profile.

This lets you promote your products directly to Instagram users through posts, stories, in the explore tab, and a special shop tab on your profile.

  1.  Try eCommerce shopping apps integration

Instagram has limited shoppability, which means you need some intelligence to make it work for business purposes.

However, the eCommerce shopping feature can be seamlessly integrated with apps specifically designed for a Shopify store.

Try out some apps, so you’ll be able to see for yourself which one lets you publish products, alongside their price and specifications on separate pages.

This way, shoppers feel like they’re still on your Instagram pages while they’re already on the eCommerce-ready shopping app pages. 

  1. Master the do’s and don’ts of Instagram

Instagram has many rules on how you should post; the types of images or videos to post, and how many times per day you can post.

It also limits the number of hashtags to include, so you can’t just spam your Instagram account with more than 30 hashtags that aren’t related to the content of the post. You can follow these rules to improve your chances of earning money on Instagram.

According to CoSchedule, it’s recommended to post 1 to 2 times a day so your followers wouldn’t feel overwhelmed.

This will also give you time to make unique and eye-catching posts.

The best time to post would be right before lunch at 11 a.m on Wednesdays or Fridays.

You can help your posts by asking other influencers to share your posts on their stories. If you don’t have enough influencers in your network, then head to Mysocial App and start matching with like-minded influencers now!

To conclude:

Instagram is a goldmine for aspiring entrepreneurs looking to make money. By being creative with your account, you’d be able to start earning good money from Instagram like all the big shots. Best of Luck!