Do you want to learn how to make money on Instagram? In this post, I share with you 5 steps which you can use to help you grow your Instagram account so that you can monetize your Instagram account.
If you are constantly thinking of how to make money from Instagram and how to get more followers on Instagram, these are simple and effective ways to monetize your Instagram account. This is for you if you want to become an Instagram influencer or you want to start a business on Instagram.
You can also use this to make money from affiliate marketing, grow your business with Instagram and eventually get more sales on Instagram by turning your followers into your customers.
If you want more tips on growing your online influence and building your online empire as a business owner, be sure to subscribe to my channel and hit the bell to be notified whenever I upload a new video every Friday.
Have you ever seen an account on Instagram with less than 10K followers making money on Instagram? If you have seen some people doing ads for companies and recommending products on their feed while tagging the company involved, then you are right to assume that it is a sponsored post and they are probably being paid to do so.
So the question is, how do you even get companies to sponsor you anyway? Must you be someone famous in real life so that companies start approaching you magically without having to do anything?
Step 1: Create Engaging Content
How I started out was I first focused on growing my influence by producing quality content, so that I could attract my target audience and create lots of engagement on my page. Having a large amount of followers and a low level of engagement doesn’t mean anything, and brands won’t want to work with you if you have very little likes and comments on your posts.
Step 2: Give Users a Reason to Follow You
Focus on creating content which informs, inspires and entertains, so that your followers actually look forward to seeing content from you.
In the past, I used to post guitar covers which entertains and inspires my followers, and that was how I increased engagement and my following in a very short amount of time.
Ever since I’ve switched my niche to digital marketing and online business, I’ve continued to post inspirational content to help others be motivated to achieve their goals.
Step 3: Take Your Instagram Account Seriously
If you don’t take yourself seriously, no one else will. When you treat your Instagram account seriously like a business, you will be willing to put in the effort to create quality content on a consistent basis.
In fact, if you are planning to monetize your Instagram account, it is a business in itself because you are going to make profits from it.
Step 4: Take Action and Put Yourself Out There
The reason why influencers or businesses on Instagram are gaining popularity and making big money from what they do is because they are willing to put themselves out there by taking the first step.
If they had compared where they used to be to where other successful people presently are, then they probably would not see success if they didn’t take the first step to put themselves out there.
Nobody started an Instagram account with 10,000 followers, but everyone who is successful worked their way up. Most of the time, the reason why people don’t get started is because that they don’t believe that they are capable of achieving what they actually can.
Step 5: Network with Influential Figures
Yes, you can network with influential figures even if you have less than 10,000 followers. If you thought that no one would not want to respond to you because you have less than 10,000 followers, then that might have stopped you from reaching out to them.
Building strong connections with influential figures is a good way to start putting yourself out there and that was also how I started. Don’t be afraid to make the first move.
I was first afraid that no one would reply me, but I did it anyway because it doesn’t matter whether a few people ignore you.
That should not prevent you from trying because eventually you will find those who value the relationship from networking, which can be mutually beneficial.
Now, we have come to the part where you will learn various ways on how to monetize your Instagram account, with little to no money involved.
Method 1: Sell Sponsored Posts
Selling sponsored posts is a business in itself, if you are able to build your reputation as an influential figure in a particular niche.
After I gained my first 30,000 followers, I was wondering why no brands were approaching me yet. That was when I realised it was because they were not aware of my online presence, and they basically didn’t know that I exist.
So, that was when I started to network and reach out to brands whom I wanted to work with by sending them direct messages. That was how I got the ball rolling and started making few hundreds of dollars per sponsored post.
I’ve seen other users monetize their account even with 1,000 followers, so it’s not true that you need an extremely large following.
Networking with relevant brands is a way to help create awareness for your online presence, so that people actually know what you are doing.
You can start with doing sponsored posts and get items in exchange for free, as some brands implement this as part of their marketing strategy. From there, brands will usually repost your sponsored post, which brings further awareness to other companies that you are someone who is provided sponsored posts.
You can start to charge for it once you have slowly built your reputation and once you are known for being an influencer in that particular niche. You can even create a niche account, and sell ad space on your Instagram profile.
For example, if you love travelling, you can create a travel page and share travel-related images. You can offer to sell ad space to travel companies and users who want to grow their page by offering paid shoutouts, by sharing their posts and getting paid to mention them.
Method 2: Affiliate Marketing
This means that you are selling and promoting products that you don’t actually own. You basically refer people and get a commission from the seller whenever someone buys the product from you.
There are many online affiliate marketing platforms such as ClickBank and Commission Junction, and you can earn up to few hundreds to few thousands per day, depending on the products that you sell and depending on how many people make the purchase.
It’s a great way to start earning money without being an influencer and without having any business or money to begin with. You can place your affiliate link in your profile bio, and market it through your Instagram posts, stories, and direct messages.
Method 3: Start a Business and Direct Visitors to Your Website
I started making a decent salary when I started an e-commerce store on Shopify selling guitar accessories, and by creating a niche-related page whereby I share guitar covers from guitar players all over the world.
I used my Instagram account @theguitaryard, to provide entertainment value by reposting content submitted by guitar players, while having my store link in my profile bio. Instagram has helped me to spread brand awareness successfully through this method.
If you want to learn how to make money on Instagram, do download my free guide “How to Profit from Instagram”.
If you want to join a community of like-minded women entrepreneurs and aspiring boss babes, I have a closed group on Facebook called Boss Babes Rocking – Women Entrepreneurs Network, where I share up-to-date business and marketing advice to help you and your business grow. Do join us to network and grow together!
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