According to the latest data from Instagram, there are currently 1.604 billion users worldwide using the social media platform. Over time, Instagram has evolved from a photo sharing app to a business platform. Many businesses and public figures are making huge profits from Instagram every year.
Listening to this information, the question may arise in your mind: How to make money from Instagram? Can you make money from Instagram? Is it really possible to earn money from Instagram?
If you look at the latest statistics of Instagram, you can understand how effective the social media platform is in terms of revenue. Let’s know some information about Instagram.
The number of active users of Instagram is 1 billion every month
More than 500 million users post at least one story every day
Sixty-one percent of businesses in the United States use Instagram as part of branding and marketing
Half of all active users follow at least one business account
Every month 2 million advertisers show their ads on Instagram
Instagram usage is increasing by 70 percent every year
Most brands get 4 times more engagement from Facebook to Instagram
80% of users decide to buy a product while using Instagram
More than 71 percent of Instagram users are under the age of 35, making Instagram the ideal platform for a brand targeted at young people.
Looking at the statistics mentioned above, it is safe to say that anyone can earn money from Instagram if they want. Before we learn about the ways to earn money from Instagram, let’s take a look at the steps that are necessary to take before starting to earn money from Instagram.
Before making money from Instagram
Since Instagram is an app, it is important to follow certain rules when it comes to managing an account for the purpose of using it. Before making money from Instagram:
Learn the difference between a personal and a business account and decide which one will work best for you
Make it easier for shoppers to purchase your product by adding your product catalog to Instagram Shop
Gain a thorough knowledge of Instagram e-commerce using third party integration tools like Shopify
Before posting on Instagram, learn about the do’s and don’ts of posting
Since Instagram is a photo-based social media, master the use of Instagram’s built-in editor in addition to photography.
The Story feature is one of the most popular features on Instagram, learn how to use it properly
Create posts based on viral news to keep up with trends
Post regularly with appropriate captions and hashtags.
Ways to make money from Instagram
If you are good at photography, you will get a lot of benefits from earning money from Instagram. Now let’s know 5 effective ways to earn money from Instagram.
Ways to make money from Instagram – Income from Instagram
Earnings from Instagram by Influencer Marketing
Influencer marketing is seen as the best source of income on Instagram. If you are able to achieve influencer status through your Instagram account, you can easily promote any product or brand.
If you don’t know, Influencer is a person who has gained respect and followers by posting regularly on social media. Influencers have a good following and they can influence their audience to buy a product or make a decision.
The main working force behind this miraculous power of influencers is the good relationship with the audience formed over time and the positive attitude towards the influencer stored in the minds of the audience.
Brands communicate with influencers for sponsored posts in promoting their brand products. However, in order to get sponsored post offers from the brand, first you have to increase your Instagram followers and have proper engagement.
Earnings from affiliate marketing’s Instagram
It is possible to earn money from the share of the money of the product sold by promoting or selling the product of others on Instagram. This way of earning is called affiliate marketing.
There is a difference between an influencer and an affiliate. Influencer only posts sponsored posts at the request of the brand. Affiliate marketers, on the other hand, work to generate sales or leads for affiliate products.
In other words, the job of an influencer is to inform his audience about a product. On the other hand, through affiliate marketing, an affiliate directly influences the audience towards selling the product.
If you don’t want to be an influencer yourself but have a good idea about social media management, you can also earn money by working as an assistant to a brand, public figure or influencer.
Helping influencers with various tasks such as sponsorship request management, ad runs, and fake follower identification.
It is necessary. If you want, you can help the influencers in these activities and charge money in return. There is a lot of work to be done on fiber and upwork.
How to start earning money online through upwork
If you want to practice Instagram marketing skills without being the focus of discussion, you can start working as an influencer assistant.
Earnings from Instagram through photography
Photos and videos posted on the social media platform are the lifeblood of Instagram. If you are good at photography, then Instagram can be your source of income in multiple ways.
Many Instagram brands are looking for photographers to post professional pictures of their products on Instagram. You can also contact any brand you want with your proposal.
Influencers also often require photoshoots. It is also possible to earn good money by doing photoshoots of influencers. In this way, if you can create your photography portfolio along with income, it will not take long to become established as a photographer.
Income from Instagram by selling your own product
We already know that a lot of people find a product using Instagram. Again, a huge part of it is to buy the product. So you can start selling your product on Instagram.
You can display your products on your Instagram profile using the Instagram Shop feature. There is also the advantage of tagging any post if you have a product. Clicking on this tag will allow users to purchase your product directly.
However, in order to sell your product on Instagram, you must store your products in a physical place. Then upload interesting pictures of the products to Instagram by tagging the products. This way your followers will know about your product very easily.