Instagram has a lot to offer as a social media platform.
But it’s a lot more than just a social platform.
It also offers loads of features and functions that provide money-making opportunities to brands and creators.
And the best part?
You don’t need to have a huge number of followers.
Numbers do help, yes. But a high engagement rate and audience trust can make all the difference. You could have 2,000 followers and still monetize your account.
So, how can you make money from Instagram?
Let’s find out.
With sponsored posts, you publish content about services or products you love and get paid for it.
However, you will need to build a strong community of followers who engage with your content and trust you. This means having influence over your followers who consider you a trusted expert or trendsetter.
So, how can you do this?
Start by narrowing down on a niche that you like and have expertise in. Then, work on growing your audience and building trust.
You can do this by posting consistently, engaging your audience, and, most importantly, addressing their pain points.
Once you start making waves online, the chances are that brands will approach you for partnerships. However, you can also find brands to work with and reach out to them directly.
Another option is to register with the many influencer marketplaces and boost your chances of having a brand discover you.
Pro tip: You can follow the best Instagram marketing practices to grow your local car business and earn good ROI from your Instagram marketing campaign.
Become an Affiliate
To become an affiliate, you need to register with one of the many affiliate networks available online or directly work with brands offering affiliate opportunities.
They will provide a unique link or code to you that can be used to track your sales and determine payment. For every purchase your audience makes with either of these, you earn a percentage of the sale.
If you use a link, you can place it in your bio and focus on selling one product. However, if you use codes, you can incorporate them into your posts and sell various items.
You can also leverage features like Product Tags and Instagram Checkout to make purchasing seamless for your audience.
For more of these strategies, check out the infographic below. It lists out methods you can use to grow your account on Instagram and earn a fortune.