In this era of social media and new trends, you can easily become famous and rich by following these tips to monetize your Instagram Account. Additionally, you can also go through this article to learn the ways to make your Instagram account go viral.
Instagram has over 1 billion users and 500 million daily active users. In fact, it was one of the top five most downloaded apps on the App Store and Google Play in 2020. This means that it gives you a very large audience and a great opportunity to make money and promote your business.
Also Read: How to Join Instagram Engagement Group to go Viral?
Table of Contents
Get paid for sponsored posts to monetize your Instagram Account
Let us understand a little meaning of sponsored posts. It is a post that you will make for your client to promote his/her business in exchange for some money or free product.
To gain such sponsors, I highly recommend you to have a specific niche for your account. This will engage a specific type of audience and your clients will find you if their product is relevant to your niche.
Well, I am assuming that you have a good number of followers around at least 1k. Although it is very less it might prove beneficial if your client is a small business. Micro-influencers do deserve respect and money for their work. And big companies nowadays are also focusing on such influencers since they have to pay them lesser money than those big-shots. Once you have loyal followers viewing, liking, and sharing your content, half of the work is done.
Fixating the price
Well, this is a very necessary step and most beginners ignore it out of excitement when getting their first business and accept the terms of the brand. You will have to know your worth and should not settle for less. Learn about the patterns and pay other similar accounts are getting and decide a fixed amount per 1000 followers. This will increase and decrease depending upon the reach and followers of your account.
Also Read: How to Create a Group on Instagram?
Interact and Initiate
This sounds crazy but, to monetize your Instagram account, you will have to sell your account. No, not literally. You will have to scan the market and look for the potential brands which might be interested in advertising their brand on your account. Use your amazing interactive and business skills to convince them to invest in you. Use posters, graphs and go creative to explain all the qualities of your account and the benefits they will receive.
Using affiliate links to monetize your Instagram
This is quite similar to sponsored posts but easier. You will receive some commission on every click or sale that your audience makes through your profile.
You may have seen affiliate marketing appear in the form of unique discount codes, where an influencer shares a code, specific to them, that their followers can use to get discounts from brands. These links can be added anywhere on Instagram that allows links. Instagram Stories, IGTV descriptions, and Instagram’s link in bio are all affiliate link hotspots for influencers.
Also Read: 5 Ways to Make Your Instagram go Viral?
Sell your own product
Do you dream of becoming an entrepreneur one day? Are you fed up with the everyday whining of your boss? You are at the right place. Do you know you can start your own business on Instagram by selling your product that too by investing just a few hours every day? You can literally sell anything and present your art to a very large audience.
Do you know one in three Instagram users says that they are more interested in buying something after they’ve seen it in an Instagram story? 200+ million users visit at least one business profile every day. 54% of people say they have made a purchase after having seen the product or service on Instagram.
I do not think there is anything left to prove my point. If you already have a business, start its marketing on Instagram and if you do not have one, search for one.
Reach and Influence to monetize your Instagram
The only big reason why business/sponsor pays to the users is because of the exposer they’ll get in return. Like first you’ll have to build a base through unique content so the audience will like your page and your content it will help you to increase your Instagram accounts reach your content should be different and something special I’ll help you to gain a genuine audience and followers. The brands which pay money for the promotion need a large amount of audience so that they can. Make more money from those followers. The bigger the audience bigger the amount they can make.
Not just followers but engagement also matters
More followers will strengthen your ego. Mathematically, it’s more likely to appear in more Instagram feeds. However, having many followers does not mean that your engagement is high. Shadow bans on Instagram can have little or no reach.
If all of your posts are cold, they will do nothing for the advertisement. Do you rarely ask users of your Instagram account to comment, like, share, or follow. Then, you probably won’t be able to make a lot of money, regardless of the number of followers.
On the contrary, even if you have only 1,000 followers and they are actively interacting with your post, you can still make money. The brand will readily invest in you because of the beneficial actions you take through your account.
Once you achieve the audience, people will show interest in your profile and give proportion for their products or company. You can use the Instagram shop feature and IGTV for promotion and this will help you gain more promotion on your account.
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Instagram Tips and Tricks ; How to Set Up Instagram Business Account? ; How to Use Instagram- Instagram Tutorial
Thank You For Reading: That’s it, folks! Thank you for going through the article and we really hope it helps you in making some money. Do not forget to share your views and story with us about your journey on Instagram in the comments below. Share it with your friends so that they can make some money as well.