Unlike any other social media platform, Instagram is disrupting the e-commerce field at an alarming rate. The site hit its 1 billion monthly users in 2018, and the numbers are not slowing down.
A report by the Pew Research Center indicates that the number of adults using the platform has grown by 400 percent since 2012. Today, you can think of the social media site as a business platform rather than a photo sharing site.
But how can you make money on Instagram? Keep reading to find out the top ways you can use to make some quick cash from Instagram today.
1. Becoming an Affiliate Marketer
Affiliate marketing has been around even before the inception of Instagram. You first have to sign up with a brand or company before you can market their products or services. You can also become a merchant services agent, or something similar.
The company issues you with a link that you will use to promote their business. You will receive a commission every time someone makes a purchase or signs up for a service through the link that you use.
This method is only ideal if you have an account with a big audience and no product or service you can sell. Instead of creating a product, you can promote someone ‘else’s and get a commission from it.
2. Becoming an Influencer and Earning from Sponsored Posts
Before you can become an influencer, you need to have a large and interactive Instagram community. Then, you can reach out to businesses and brands to tap into your network and promote their businesses.
An influencer helps businesses reach a broader market through the use of sponsored posts. They use not only Instagram posts but also Instagram stories to drive traffic to the client’s website or social media page.
The top influencers on Instagram make thousands of dollars on one post.
3. Sell Photos on Instagram
Instagram is a good market due to its graphic displays. If you are photogenic, you can make money quickly by selling vector photos, paintings, drawings, and animations from the platform.
All you need to have is good photography and photo editing skills. Then, you can get paid for your work.
4. Selling your Products on Instagram
If you have any physical products, you can increase your sales manifestation by leveraging the Instagram community. Recently, Instagram introduced a ”shopping on ‘Instagram’ feature. It allows you to easily make sales from your Instagram page.
Once visitors click on an image, a tag containing the product name and price appears. There is also a view on the website feature that links back to the product page of your website.
5. Becoming an Instagram Expert
If you are an expert at using social media, you may offer your service as an Instagram expert to businesses that require help. With the number of businesses increasing, there is a need for social media experts that can help with marketing the businesses.
You can start by creating an online profile on freelance job platforms and pitch to companies directly.
An advantage to this method is that you have more flexibility on the amount you charge.
Know How to Make Money on Instagram
There are several opportunities for you to make money on Instagram. Regardless of the route you decide to take, you need to be patient and consistent in what you do. It does not take a day to start earning money on Instagram.
However, the more work and time you put to it, the better your rewards will be. Continue reading our blog for more information on how to conduct business on Instagram.
