How many brands have an Instagram account? The answer is – every brand in the world. Instagram is one of the most popular platforms due to its user-friendly and picture-based interface. According to a study, 71% of Instagram users are below the age of 25. While competition is tough, Instagram is still the best choice for a business to grow and have more customers. The best part about Instagram is that it is free and it has in-built components to promote your business. Let’s look at a few ways which you can use to make money on Instagram.
An influencer is a person who has a decent loyal following on social media. These people are very regular with posting on Instagram and other social media platforms. The first thing you should do when you start as an influencer is to define your niche. For example, many mom bloggers on Instagram talk about everything related to parenthood. Similarly, many tech enthusiasts talk about everything related to technology.
Choose a niche that interests you and create engaging content around it. Whatever content you create should be relevant to your audience.
As an influencer, you can make money on Instagram by collaborating with brands that want to reach your audience. Many brands reach out to influencers to promote their products as they have an audience that trusts them. However, if you’re still building your reputation as an influencer, it will be a good idea to make the first move and reach out to brands you wish to collaborate with on email or Instagram.
An Affiliate Marketer can make money on Instagram
Affiliate marketing is another great way to make money on Instagram. You can enroll in some affiliate programmes and sell products of other brands. You get a commission for all the products you sell of that brand.
As an affiliate marketer, you will make money on Instagram through a trackable link that you add in your Instagram bio. Make your posts engaging and subtle. Mention to your page visitors that they can buy the product by clicking on the link in the bio.
It will take time for you to establish yourself as an affiliate marketer and the returns may not be great in the beginning. However, there is a lot of potential in this field and you will earn a lot of money once you have established yourself.
Online Reselling- a good way to make money on Instagram
Online reselling is one of the quickest ways to make money on Instagram. You can open your own store on Instagram and share photos on the account itself. With many in-built tools on Instagram, business is easier as you can create your posts engaging. With online reselling apps like Shop101, you can simply share photos and catalogues in one click.
The best part about online reselling that it is a zero-investment and risk-free business model. All you need is a decent internet connection and a smartphone. Unlike most businesses, you can sell different type of products giving you access to a wider base of customers. You can simply devote a few hours of your day from the comfort of your home and earn a good amount of money. To know more about online reselling, watch the video below:
Instagram is one of the most popular social media platforms today. According to a study, there were 1 billion active users on Instagram and the number is only growing. There is certainly competition, however, if you can present your profile in a creative and engaging way then there is a lot of scope for you to make money on Instagram. Rather, if you convert your account to a business account on Instagram, you get access to analytics which will give you access to important insights about people who visit your profile.
There is no better time to start earning on Instagram. Stay consistent and engaging with your content and your efforts will definitely give great results.
Before you go, don't forget to subscribe to our blog.
Our confirmation email includes link to download our app.