In the recent few years, the number of Instagram has soared enormously and it is showing the growth pattern similar to Facebook. Facebook is having more than 2 billion monthly active users; whereas the figures for the Instagram stand at more than 800 million. Since Instagram is garnering unstoppable popularity, Instagrammers have also found numerous ways to make money from this platform. In this post, we are going to share with you some of the most popular ways to earn money from Instagram.
Can you really Make Money from Instagram?
This one is a very fundamental question, the answer of which must already be available with you. Yes! You can absolutely earn money from Instagram. You must be aware of the answer, but may not be pretty much clear about the ways. We hope that you are aware of the fact that Instagram is primarily a photo sharing app. So, it is most suitable for marketing and selling products which are very well photographed.
So, in the upcoming part of this post, you will explore some of the ways through which you can make money from Instagram:
- Make money by becoming an influencer:
With the help of your influencer status, you can put the proposal before brands to help to make their promotion in your posts. For the readers, who are not aware of the influencer, an influencer is a person who is having a repo by doing and sharing things online. They have a good number of followers and they can influence their audiences about trends due to the level of trust they have built with their online presence.
So the Brands partner with influencers for the sponsorship of their products. Top influencers used to charge thousands of dollars per sponsored post. It is very important that an influencer is aware of its audience in terms of their taste and preferences.
As an influencer, you should be cautious not to lose the trust of your existing audience while making money from sponsored posts. So it is always a good awareness to indicate with the help of a hashtag that it is a sponsored post or something like that.
- Become an affiliate marketer
Obviously, affiliate marketing is a traditional method but its efficiency is still quite powerful. With affiliate marketing, you can sell the products of others and receive a commission out of such sale proceeds. There are a number of brands which are selling their products through affiliate marketing programs.
There is a difference between an influencer and an affiliate. Affiliate works towards making sales for the partnering brand on a commission basis, while, the influencer mainly creates awareness.
On Instagram, affiliates earn money with the help of a trackable link or a promo code to make sure that any clicks are converted to sales. You should create engaging posts to promote the products without too much effort.
- Sell poster pictures and digital products.
As previously shared, Instagram is a photo-sharing app. So the photogenic products can be sold very well over it. You can sell poster photos, paintings, drawings, videos etc. Apart from all of these, you can also sell various other digital products on it. With the help of the Instagram hashtags, you can promote your photography portfolio.
- Sell other products
Instagram is not restricted to the digital products only; here you can sell the physical products as well. However, you will have to invest in an inventory of your products.
Sell drop-shipped products
Drop-shipping term may seem alien to you. It is a business model in which you can run your store without holding any inventory. Means the supplier will directly ship your products from their warehouse to your customer’s doorstep. All of the storing, packaging, or shipping of the products will be handled by the suppliers.
You will not have to store any inventory. You can very conveniently set up a drop-shipping store with the help of some of the e-commerce platforms such as Shopify or any other. With drop-shipping, you can find the niche products which can have a great demand in the market and is a lucrative one.