Ever wanted to make money online? And what if we tell you that you can earn some cash using your favorite social media network? In this article, we are going to discuss with you five standard methods of making money on Instagram if you are willing to make an effort to create quality content.
If you were interested, you might have noticed that almost every company is now paying a lot of attention to social media marketing on Instagram.
There are different ways to make money here. While they may seem “simple” at first glance, keep in mind that any online income plan takes time and a lot of effort before you start seeing results.
We’re going to discuss with you five standard methods for making money on Instagram if you make an effort to submit quality content to your account and if you have a sizable following.
1. Earn money by selling your Instagram photos to businesses interested in repurposing them
Suppose you enjoy shooting photographs with your phone and believe they are sufficient to be put on Instagram. In that case, you should seriously consider licensing your images to firms interested in purchasing them for use in their brand development efforts.
A well-known online picture marketplace called Foap enables you to do so. It’s completely free to join our marketplace; all you have to do is make your profile, construct a beautiful portfolio, and then begin attracting purchasers with your fantastic images. You may browse the “Missions” area for suggestions for high-paying assignments that firms are expressly seeking.
For us, this is the simplest option to generate money from your current Instagram images, as it does not require a significant following to get started. Each photo costs $10 USD, but there is a catch: Foap keeps half of the revenue.
You will be compensated via PayPal, and because this is a community-based marketplace, you can browse other users’ photos. To see other users’ photos in your feed, you must follow them, just as you would with any other marketplace. Additionally, you may provide feedback or leave a remark and receive one in return.
Foap Missions often start at $100 and go up from there, so if your presentation is chosen and purchased by the business launching the Mission, you may make quite a little. Always keep in mind that this is a competition, and you will be up against a large number of other users and their contributions.
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2. Begin earning commissions by selling things or generating leads for other businesses
There is another straightforward way to generate money on Instagram, and that is by selling other businesses’ products and services or generating leads for them. Peerfly is the recommended tool for this. This viral affiliate network allows you to create a free account and begin earning commissions immediately.
Once your profile is allowed or accepted, you may begin viewing their current promotions, which are labeled “Social” under the “Traffic Methods” page. Additionally, you may sort the offers by pay, earnings per click (EPC), or click-through rate (CR) to find anything to advertise.
All that is necessary to begin marketing an offer is to copy the quirky URL and paste it into the website section of your Instagram profile. If other users click on it and check it out, you may receive a commission if they opt to provide their personal information (such as their email address) or make a purchase.
The most excellent part about Peerfly (or other similar networks) is that you can earn a few bucks simply by gathering business leads, which is far easier than selling stuff.
There is no need to be concerned about Peerfly approval; at the same time, you must request permission before you can begin marketing, this is often not a problem because everyone who submits legitimate material is accepted.
Ensure that you are concentrating your efforts on the promotional offers stated under social traffic tactics, and bear in mind that Instagram is also a social media network.
3. Selling your Instagram account to become an influencer
A few sites are available for Instagram influencers worldwide to sell their Instagram account. These platforms act as a marketplace for influencers to market their Instagram accounts to businesses in similar niches or other people interested in becoming an influencer.
According to Social Tradia, the amount of small companies and e-commerce websites interested in purchasing an Instagram account from other influencers is growing daily.
The primary reason is because of the reach! New businesses may access many people, hence increasing revenue and brand exposure. Additionally, influencers may earn over $1,000 with a single sale.
4. Capture email addresses and direct them to relevant websites (or your products)
If you’re successful in capturing leads for an associate or CPA network like Peerfly, try building your tips this time. MailChimp is the most excellent tool for this. This is a popular email list-building service that offers a free collection of 2,000 email addresses.
Additionally, MailChimp allows you to design and schedule emails to be delivered to your subscribers, ideal for sending buy links to affiliate items or even your products, depending on where your subscribers are most interested in purchasing.
What convinces us that MailChimp is an excellent instrument to choose from? That’s because this tool enables you to construct your landing page forms and email templates effortlessly and to do it in a way that looks and sounds just like you desire.
Once you’ve created your landing page, all you need to do is copy and paste the URL into the website link in your Instagram profile. Therefore, rather than directing leads to another company’s email form, direct them to your own.
While you will not earn money from each user who joins up, you will have the opportunity to communicate with your subscribers through email, connect with them, and sell to them repeatedly as long as they choose to remain on your list.
MailChimp also offers premium packages if you wish to acquire more than 2,000 subscribers or want to provide your subscribers with more ways to communicate. It’s entirely up to you and your circumstances, but for newcomers, the free service is an excellent place to start.
5. Invest time in becoming a member of a multi-level marketing firm and establishing your own marketing team
Instagram is a prominent social media website and a viral platform for visual material, which clearly makes it a top venue for inspiring folks. If you’re interested in creating a lot of new connections, you’re on the correct road.
Several network marketers have developed successful businesses on Instagram by selling the products of the multi-level marketing firms they suggest to audiences that have shown interest in their photographs or videos. Indeed, numerous network marketers have succeeded in recruiting new followers they met on Instagram to join their teams.
If you look at Team Beachbody, you’ll see that this is a convincing MLM firm to evaluate. Additionally, you may look for any other fitness group on Instagram that is active.
Begin uploading the most outstanding images of your nutritious meals, workout routine, and other activities that you believe would inspire or motivate audiences looking to lose weight or get in shape. Always add a link to your network marketing website or product in your bio, and don’t forget to include your contact information so that your audience can readily reach you if they have any questions.
While network marketing on Instagram may seem more challenging than the other methods, it simply takes hard effort and advocating for your items to see that what you’re doing is profitable.
Concerning the disadvantages, MLM businesses often need you to spend in a startup package and monthly fees to remain active and continue marketing their products/services. The advantage is that you’ll be joining forces with other individuals who can undoubtedly assist you in making money till you’re ready to develop your excellent team.
6. Conduct research and identify advertisers interested in promoting and interacting with Instagram influencers
Finally, this revenue-generating method is simple if you have the necessary following and engagement. Now, suppose you have thousands of followers or more and can generate likes and comments within minutes of posting. In that case, you are likely in a solid position to land a few excellent sponsorship offers from firms interested in compensating you to promote their products to your audience.
You have two options: directly contact firms’ marketing departments or apply to The Mobile Media Lab, a creative agency focused on connecting popular Instagram users and marketers. If you are fortunate enough to get chosen by a large brand, you might begin earning hundreds or even thousands of dollars for a single article featuring their product.
Making money with this strategy is quite simple; yet, developing a massive account with engaged followers. If you haven’t achieved 100k followers yet, don’t despair; there is still a slim chance of obtaining lesser sponsorships.
The Mobile Media Lab allows you to apply if you’re interested in working with them, but please keep in mind that approval is not guaranteed because they only deal with the most popular Instagram users — but they claim there’s no harm in trying, so why not give it a shot?