Social media has really proven to be a goldmine if used appropriately, many influencers today are actively making good and legitimate money through the help of social media platforms, one of which is Instagram. In this article we will be discussing the diverse ways to earn money on the Instagram media.
Overview
Instagram has evolved from originally being a simple photo-sharing platform to being one of the world’s most popular social media platforms with over 1.5 billion monthly active users. The platform (Instagram) was launched in the year 2010 and over the years has skyrocket into a multipurposed platform comprising of marketing of businesses, personal use/expression as well as monetization of contents.
The Instagram app can be downloaded on google play store and the iOS store as the app is available for both android and iPhone users. With over 5 billion downloads, and 156 million reviews along side a 4.5 rating clear shows authenticity.
How does Instagram work?
After downloading the app (Instagram) from either the google play store or iOS store, proceed to creating of an account by signing up using your email/phone number and desired password, after which you’ll choose a username for yourself which will be displayed on your profile. After signing up, the app comes with an interface that allows you to interact with people nearby and across the globe.
How to Earn Money on Instagram
Before you can successfully earn money on the Instagram platform, you must update to profile to a professional and engaging profile, as well as follow up with key elements to setting up your Instagram account for monetization such as niche selection (fashion, jobs/recruitment, fitness etc.), define your bio, engage in high quality contents, consistent posting and engagement.
Bellow are the ways to successfully earn on the Instagram platform:
- Sponsored Post: Brands across the world pays influencers to advertise and promote their products and services rendered. These brands pay influencers per post made and it ranges from $50 – $1000 per post and this is strictly dependent on the number of followers (have atleast 5,000 followers).
- Affiliate Marketing: You can earn money as commission for every product you help promote on the Instagram app, such affiliates are the amazon associates, LTK (for fashion, fitness and beauty influencers).
- Digital Marketing: Advertise and sell your own products such as courses, eBooks for trainings, coaching, therapist (relationship, career etc.) and earn good money. Set up an Instagram shop and use links like Linktree and also run Instagram ads to gain more traffic.
- Instagram Reels: One of the way Instagram users earned money was through engagement on reels but that was taken off few years ago from the Instagram monetization plan.
- Instagram Subscription: Many users subscribe or pay for exclusive and amazing contents; these contents are based on the niche and estimated money paid for subscription of contents ranges from $5 – $100 per subscriber.
- Drop shipping: Utilize the use of shopify to run online store to gain more traffic and engagement from Instagram.
How to Grow Your Instagram Followers for More Earnings
There are so many ways to grow your Instagram followers in order to earn more on the platform:
- Use appropriate hashtags (hashtags should follow the assigned niche) on post and reels.
- Endeavour to post reels on a daily basis.
- Join groups in DM
- Post good contents.
Conclusion
Instagram is one of the social media platforms that can fetch good money if utilized appropriately, simply grow your audience (followers) through the aforementioned methods as well as follow through on one monetization method genuinely before delving to another.
