Social media is the connector that connects all the people from the round the globe together where they can communicate and interact with one another without facing any kind of hindrance at all. Besides simply communication with one another, you can also sell products and exchange services. Instagram is one of the biggest social media channel having an active monthly user count of 2 billion users. For making money through Instagram, you need some good strategy and tips and here are few of them:
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1. Doing Affiliate Marketing
One of the most useful ways of making money through Instagram is the use of Affiliate marketing concept. If you have a quite good amount of followers on your Instagram account, then Affiliate marketing can easily be done. You can convert your followers into potential customers with the help of affiliate marketing. You can simply add a link to your Instagram bio, and every time one of your follower click on the link, they will be redirected to a landing page of some business and for every sale they make, you will get a certain amount of commission.
2. Provide Instagram managerial services
Everything nowadays revolves around social media and in order to grow your online presence, you need to manage your social media account in platforms like Instagram properly. If you are good at using Instagram and know how to manage your account properly, you can easily provide management services to the people who want to grow their Instagram account and establish their online presence globally.
3. IGTV advertisements
An interesting and useful way of making a good amount of money through Instagram is the use of IGTV ads. If you enable IGTV ads, you can promote other businesses while your video plays. You can easily insert ads in the middle of your video, so that it helps you to get your videos monetized. Your revenue from these ads depends on the number of plays that you will get on your IGTV video.
4. Collaborations
Collaborations is not a direct way of making money via Instagram, but it will help you to increase your potential customer base and will greatly establish your online presence around the world. You can collaborate with the top social media influencers , as it will open the gates to new audience who can be of really great help as they can be the potential income source in the near future.
5. Sponsored posts
The most important and the perfect way of earning money through Instagram is the use of sponsored posts. The first and the foremost thing that you will require in order to earn enough money via sponsored posts is a significant audience count. More the audience you have, more the revenue you will generate from your sponsored posts. Engagement rate of your Instagram account plays a great role in attracting good sponsors.
6. Live Stream collaboration
Among the several options that are available which can help you to generate a good amount of revenue, Instagram Live streaming is one of them if you have a good number of Instagram followers you can often go live and your fan following is going to love to watch your stream. So in that case you gets live active user to your stream. You can collaborate with brands or other users and promote anything. Even if you are worried about getting less viewership we have some options where you can buy Instagram live users for your stream at low-cost price. You can sell any product you want or promote instantly within few steps.
7. Selling your photos
There are several ways in which you can really make money through Instagram and selling your photos is one of them. If you are really a good photographer, then Instagram is the perfect platform to showcase your skills and sell your photos and artworks to some well-known brands. Now you also have the option to sell your designs and photos to your fans.
8. Patreon
If you are wondering what Patreon is actually, it is nothing but a simple website that allows users to donate money via memberships. You can give your followers certain rewards in the form of discounts and you can also provide them some exclusive content in exchange for their membership fees. As a creator, Patreon is completely free for use. You can easily create n account on Patreon but they charge you a certain amount from your earnings.
9. Paid tutorials
If you have the motive to earn money from Instagram, then you can surely try giving paid tutorials to your followers. If you have expertise in any of the fields, you can really earn a great deal of money by sharing your knowledge with your audience. This method is quite popular and most used by fitness influencers who share some fitness tips with their followers, but in order to get access to the full training routine, you need to pay a certain amount of money.
10. Set up your online store
If you are looking for a way to earn a great amount of money with the help of Instagram, you can set up an online store. Setting up an online e-commerce store is not a so difficult task, you can easily create one. You can add products or make products on demand, whichever you prefer. You can easily endorse or promote your products with the help of your Instagram account, so that it reaches to more audience all around the world.