Have you ever watched Instagram users’ stories where you post pictures and make money and wonder if you can do that too? Well, we are here to answer this question and help you earn revenue from your brand new Instagram account.
Like YouTube and bloggers, Instagrammers are influential and achievable — things that brands struggle with. Collectively, these give Instagram producers the opportunity to discover the different revenue streams that can occur.
But, before we tell you how to earn money on your Instagram account, let’s start by looking at some of the conditions.
Before you can earn income from your account
Whether you plan to build an empire or just earn extra money, earning an income on Instagram is not an easy task. Having an attractive Instagram username and posting pictures may be enough to impress your friends, but you will not get much-needed influence. If you are new to Instagram, there are two things you need to consider:
Fan
Why do companies pay Instagram content developer for sponsored content? Because they expect to get extra for your audience so they can sell their products to you. Since you have a brand new Instagram account, you will not have many followers. This means that you will not be able to run products of any brand by publishing sponsored content. What you need to do is focus on growing the number of your followers to reach thousands of Instagram followers. This is the time when you will begin to have influence.
Now, the question is how many followers do you need to start earning money on Instagram? The answer depends on a number of factors:
- The niche you have and how it relates to the product unit.
- Whether you have followers or not.
- The revenue streams you are exploring.
It would be better if you had more followers involved. Instagram’s largest retailers generate more than a thousand per post. However, you can start designing by having a small but active component of 1000.
Followers involved
More followers means more influence, right? Technically, okay, but there is more to it than that. Having a large number of followers will increase your chances of appearing on user feeds. However, what would this mean if your followers did not engage in your publications? The trick is to create content that meets the content needs of your followers. This is not measured by the number of followers but by the number of likes, comments, and shares on Instagram. Having active followers means that brands will be ready to invest in you.
How can you increase your reach on Instagram?
Now that you know that the basic requirement is to earn revenue on your Instagram, you may be wondering how you can achieve these goals? Here are a few tips to help you gain that social reach and increase engagement with your account:
- Hashtag To improve the accessibility and discovery of your content, you should use the appropriate tags. You can use up to 30 hashtags on Instagram. However, it is recommended to use only 10-15. When creating a sponsored impact, you must be extra careful and use the appropriate rail labels to create the highest impact. For this, you can use the hashtag generator tool that will do the whole thing for you. These tools can give you a list of popular rail labels based on your niche.
- Profile – Whether you are an individual or a business trying to generate revenue on your Instagram account, you must be careful about the content you post. Your profile can be an important tool for your page. Consider this as a recipe for your guests for the first time. It should be simple, amazing, and stylish showing off your creativity and telling consumers what value you can give them.
- Regular posting – If you want to develop relationships with your followers, you should interact with them regularly. To earn revenue from your account, you must post content and interact with your followers on a daily basis. There is a positive correlation between participation rates and publishing repetitions. To do this, you need a consistent publication schedule that corresponds to the time when your followers are most involved. The more your posts grow, the faster your followers grow. Don’t forget to interact with the people who comment on your post. This will show them that you care and value them.
- Content Quality – There are many content creators on Instagram who are competing for target audience attention. It will not be easy to stand out in this sea. However, by publishing high quality content, the task will be a little easier. This includes captions as well. You need to write quotations based on your actual usage and product to make it look real. Also, don’t forget to add different types of video content opportunities that Instagram offers you, including reels, IGTV, and more.
- Connect – An important part of increasing your reach is connecting with other creators from your niche. You can contact them directly or contact them via Instagram Comments on their comments. You can also collaborate with them and create content together. By running contests and prizes with other influencers, you can enhance your appearance on the platform.
So, how do you get started earning money?
Once you have a decent number of followers involved, you can use it to start earning money. Here are a few ideas to help you get started:
Teaching
If you want something that is a small investment with high pay, then teaching what you know is the best option for you. You can teach whatever you want, such as card techniques, astrology, whatever. You can provide informative products to your audience, including audio or video courses, instant payment courses, electronic books, etc. Instagram can help you promote your brand and share your knowledge. There are some common printing techniques you can use, such as “How to” posts, “Ask Me Anything” sessions, a series of weekly tips, commentary videos, etc.
These videos will help you gain the trust of your audience. Then you can direct them to your website or to your sponsor.
Product placement
This way of earning revenue on your Instagram account involves a brand that pays you to highlight their products in your videos. You will be advertising and making money. This is also known as embedded marketing, and has been around for years. Naturally, they are so subtle that they often fly under the radar. For product placement, you can use the following types of videos on Instagram:
- story
- Reels
- IG Live
- IGTV
In all of these video games, you will be providing product knowledge or product interaction.
You can even use branding videos to create another revenue stream. To do this, you must turn on IGTV Ads, a new revenue-generating feature from Instagram. Another feature that you can use to earn extra revenue is the Instagram Direct Badges. Your followers can use the badge to remind you when you are streaming directly.
To get started with product placement, you can contact the company by voice and submit your proposal. However, you should also be careful and make sure that your placement does not feel like an ad. It may mislead some of your followers. Try to be honest in your content.
Marketing your own products
For this revenue stream, you have two options:
Create your own
You can create real and digital products and sell them on your IG page. Make sure your content is relevant to your product. But, it is important to know that this will take a lot of work. Aside from dealing with creative materials, you should also sell them on Instagram. However, when done right, it can help create a solid image of your brand, get approved jobs, generate revenue and increase brand collaboration.
Try descending
Dropshipping is a configuration where the business arranges the manufacturer to ship directly to the customer. For the actual product, you can configure the drop-down store and register with the manufacturer. You will be able to avoid the hassles of production, shipping and storage of lists. There are download programs that can help you coordinate the process.
If you are unsure about what to sell, you can start by looking at your followers and their interests. With Instagram shopping labels, marketing has become easier on the platform. You can add a price with a direct link to the image itself.
Affiliate marketing
Affiliate marketing should be one of the best ways to earn money on Instagram. In this, you are acting as an ambassador for the brand and selling their services or products instead of money or a share of the proceeds. For this, you need to register as an affiliate and paste a unique code or URL link in your post. You will receive money based on the number of purchases made through your unique URL or code.
To get started, you can join an affiliate market that will connect you with affiliates. You should stick to brands that are relevant to your area and that you believe in. These products will appeal to your audience.
Video streaming service
This is especially true for content creators who have been on the platform for some time and have dedicated followers. If your followers are interested in your IG content, you can grant them access to your exclusive video content through a paid membership. Through this style, you can expand your brand and design the world of entertainment, inspiration or education. The best part is that you are the one who will manage and be able to make a steady income through your hard work.
We hope this article helped you to learn about possible business opportunities on Instagram and how you can earn revenue from your account. Instagram is the biggest game changer out there, and having a monetization account on the platform can help you quit your business. This is not an easy task, and you need all the help you can get. Insta Panel can help you find free Instagram followers and free Instagram favorites. Once you have the required number of followers, you can start building your business. Instagram is currently one of the largest social media platforms. It continues to launch exciting new features that allow content creators like you to make money. If you can create an engaged audience, there are plenty of revenue streams on Instagram you can try.
