How to Make Money From Instagram in 2020: 5 Easy Ways To Start Today

Instagram became a rising powerful tool in the online marketing world. And it’s the reason many are interested in the question: how to make money from Instagram.

how-to-make-money-on-Instagram-ultimate-guide-2020
How to Make Money on Instagram

Millions of people are making satisfactory money out of it.

In 2019, just within three months, it gained 100 million monthly active users. That’s amazing right. As it is the ideal time to cash in on its growing popularity.

Instagram is an innovative e-commerce tool. And it’s not limited to only for celebrities. This social media hub was first intended for photo sharing. But it’s become a business platform. In fact, it’s an earning platform so anyone can use it.

This social platform is picking up with Facebook’s growth. While Facebook has nearly 2 billion monthly active users. Instagram’s growth has reached 1 billion users since its launch in 2010.

Instagram-1-billion-users
Instagram-1-billion-users

So with  Instagram running super fast in getting nonstop popularity, it’s no wonder that Instagrammers are becoming a super force. They have figured out many ways to make money on Instagram. And making cash on the pictures they take.

Now, you may think to yourself: Can I make money on Instagram? The answer is apparently yes.

Well, if you are ready to put in the dedication and time, you can easily earn more money through Instagram.

Let’s start on How to Make  Money on Instagram.

Let’s make it easy by dividing the methods in the easy of five B’s.

  • Become an influencer
  • Become a Brand Ambassador
  • Become an affiliate
  • Become a renowned Blogger
  • Become a tutor and teach Instagram marketing to others

In Short: These are 5 Easy and Trending Ways to Earn Money on Instagram

Become an Influencer: Build your following and earn money by sponsored posts. 

Become an affiliate: Earn money by promoting other people’s products 

Become a Brand Ambassador: Make money by building an ongoing partnership with brands

Become a blogger: Make money through sponsored content, ads,  and from your own blogs and websites.

Become a Tutor: Earn money by teaching your experience in Instagram

Let’s discuss and understand how to start with each B…lol

1. Become an Influencer

How-To-Make-Money-From-Instagram-Become-an-Influencer
Become an Influencer

Simply, An influencer has the ability to influence possible users to buy of a product or service by promoting or recommending the items on social media.

You surely know how an influencer ruling this digital world in any industry or business.

You must make a target niche which is your personal interest or you well know of to become an Influencer.

After selecting your niche, do the following in your niche:

  • post things people searching in that niche
  • review the products which are useful for them
  • solve some daily problems and show them by doing so
  • Don’t force and don’t think to achieve overnight.
  • Most importantly, don’t bluff. Be honest. Put your 100%.

By the time goes on you will find more people following and communicating with you. This makes you an Influencer.

Congratulations on becoming an Influencer.

By your influencer status, you can make most of it.

You could propose to brands, in your niche, to help to promote them in your posts. Now you have the ability to convince your audiences to buy the products or services. You can do all this because of the level of trust you have built with your online presence.

So most of the brands tend to partner with influencers. They like them to do sponsored posts by spreading the positive word about their products.

However, you have to manage many things at once. You have to manage the size, and reach of your Instagram accounts. And also the trust and engagement that you build based on your content.

Topmost influencers make thousands of dollars just per one sponsored post. Just think about doing one sponsored post per day, you can make thousands of dollars per month easily. Doesn’t it sound great? Yes, it can happen if you have a good following on Instagram.

An influencer post includes the creation of content such as an Instagram post. It can even be an Instagram story. The post or story will include the promotion of the brand or its products or services.

As an influencer, that’s why it is very important for you to know your audience. First of all, you have to understand who your audience mainly consists of.

So that you know which brands would best fit your audience? If you have an Instagram business account, then you can research your numbers a bit more. This can be checked in your Instagram Analytics report.

On the other hand, Brands will approach you too to market their products.

But how can you find brands to work with you? And the brands that will be willing to pay you the money for a sponsored post?

Well, if you have created a noteworthy online presence, then don’t worry. Chances are that big brands will reach out to you.

As said earlier, you can also find brands yourself that you think match your personality. You could reach out to brands yourself directly. You can try to negotiate a deal. You could also name yourself on an influencer marketplace. It will increase your chances of being found by a big brand.

Note: Be careful not to lose the trust of your existing audience. Don’t lose them, in the process of making money from sponsored posts. And that is why it’s always a good idea to show with an Instagram hashtag that it’s a sponsored post.

2. Become a Brand Ambassador

How-To-Make-Money-From-Instagram-Become-a-Brand-Ambassador
Become a Ambassador

If you succeed as an influencer, then you can become a brand ambassador. Yes, it can happen if a company wants to have an ongoing partnership with you. 

And when it wants to create a certain number of posts over a period of time. It’s perfect, right? But you would be thinking about how you can land such a deal.

Don’t worry!! I have an answer. The only thing you need is a large following. Yes, it’s all required to become a brand ambassador. After all, businesses want a lot of eyes staring at them. And it’s not going to happen with someone who just has a triple number of followers. Isn’t it?

You must follow this rule earlier said:  Have a specific niche.

Also, think of the influencer accounts you follow. Chances are, you follow people who share the same interests as you. They may be either makeup artists or travelers or any fashion bloggers.

Those all are of different interests. But the common thing is visual storytelling. Whether you are assembling awesome outfits or cooking tasty food or traveling the world, you could take beautiful photos of the finished product.

3. Become an Affiliate

How-To-Make-Money-From-Instagram-Become-an-Affiliate
Become an Affiliate

You could sell other people’s products and can receive a commission. Most of the brands sell their products through affiliate programs. There are many people that make money from Instagram in this way.

The main difference between an influencer and an affiliate is that an affiliate works towards making sales for the partnering brands.

They work in exchange for a commission. On the other hand, the influencer main goal to create awareness among the audience.

Affiliates get bucks on Instagram by a trackable link. They also earn by promo code to make sure that any clicks are converted to sales.

To become an affiliate, create engaging posts. So that you can promote the products without being pushy.

The main point is, since you could only have one link on your Instagram bio, landing page to your affiliate link had to be linked.

In each post, include a caption. The caption should indicate that the product can be purchased via the link. Mention it on the Instagram bio.

Initially, it may sound like a complicated game. But affiliate marketing has a lot of expansion possibilities.  If you plan on growing, then it’s best for you. You could improve your presence online by including a website. And even by including other marketing or social media channels.

4. Become a Renowned Blogger in Instagram

Do you think only celebrities could become popular on Instagram? You don’t have to be a world-famous singer or actor to be popular.

Many users on Instagram gained a lot of followers and likes by their engaging and high-quality content.

You could dedicate your account to your hobby. You can dedicate it to even your daily routine. And anything like food, traveling, fashion and much more. The only thing required is – choose the topic in which your Instagram users are interested.

Even it’s better to combine different types of visual content.

On the main side, Advertisers notice not only check super-popular Insta accounts. But also users with 10k to 20k followers.

Though the price would be less for one ad. You can make money from Instagram starting from this point.

Here are Few Tricks to boost your followers:

  • Pick the eye-catching images. Post them on a daily basis. But never post more than two posts per day.
  • Don’t. Don’t forget it. Use relevant hashtags. Remember it has to be relevant.
  • Always add a description to photos.
  • Create a contest. it is one of the best ways to enhance follower’s engagement.
  • Post Insta-stories, if you don’t post photos. This can enhance the audience’s interest.

5. Become Tutor and Teach Instagram Marketing to Followers

How-To-Make-Money-From-Instagram-Become-Tutor-and-Teach-Instagram-Marketing
Become Tutor and Teach Instagram Marketing to Followers

If Are you an established Instagram influencer and if you have a good Insta following, Then you can be an Instagram teacher.

You could teach aspiring influencers about how to make money with Instagram? You can create pre-recorded videos. You can make them YouTube or video tools.

Some influencers with good content charge very high fees for personalized training.

Many successful and Popular influencers have already started this.  They offer tutorials and webinars to people who are desperate on how to make money on Instagram?

You could help them with how to grow their Instagram following. And also about how to transform their profile into a business.

However, to make this happen, you should have a well-established Instagram profile. And mainly with a huge following.

Though there are few more ways to make money on Instagram, these above-mentioned five tops the list.

In addition, know how you can increase followers.

Tips to Increase Followers in Instagram to Make More Money

Create and promote a dedicated hashtag:

Create a hashtag related to your brand. So that all your related posts could be accessed just by checking the hashtag. Promote this hashtag everywhere. You can promote it both online and offline.

Get creative hashtags related to your niche:

Instagram allows 30 hashtags per post. But don’t backfire it. I suggest it to use 5 to 10 popular hashtags for your niche. And for your related products.

Participate in conversations related to your niche:

Check out other accounts using the same hashtags you are using. Follow them. And get involved in the conversations. You will earn new followers this way.

Use Attractive Instagram captions:

An Instagram caption is a written description. It’s an explanation about the Instagram photo to provide more context. The great Insta captions would help your followers to feel invited. They make them join the conversation and like your posts. And it’ll help you regarding how to make money from Instagram.

Create and Promote Contests:

Create a contest. Create it with a photo that invites contestants. And shows the prizes. Include a special hashtag for this contest. Decide how the winners will be chosen. And post the rules clearly.  

Be creative with the contest. So that contestants have an opportunity to earn some money from Instagram as well. You could also welcome them to the affiliate program that comes with a prize.

Post Stylishly and Consistently on Instagram:

Your feed is your social media brands look at. It will determine whether to hire you as an influencer. Best Instagram presence means consistent. Good Profile should have tasteful photo posts and captions. Brands also look for influencers whose Instagram style exactly matches their brand.

Why choose Instagram to earn money?

Many studying students may have an idea to earn their pocket money themselves. But they would be confused about how to make money as teenagers. And also how to make money as a kid on social media.

Well, you can definitely make money on Instagram, even if you know just the basics. Till business can be expressed creatively and visually for marketing purposes, you could tap into Instagram’s millions of users.

Just focusing on sponsored posts for brands can make you earn money. It needs your concentration on brands that want to reach your audience.

You can become an affiliate. And can earn money by selling products that belong to other brands.

You can also sell your own products. These products can be physical or digital products, or even a service.

You could sell products and services, just like in any e-commerce business environment.

Top on this list, you can sell your photography and services too.

Social media enthusiasts are always looking out for new ways. So just give a try and earn more bucks.

Bonus: Sell Poster Photos. And other Virtual Products.

Instagram is totally about visual content. Best photogenic products would sell great on Instagram. You could sell poster photos, animations, paintings, drawings, and videos. 

And even any other image or video-based virtual products. On every post, refer readers to visit the link in your bio. It is one of the popular ways that people make money from Instagram.
 
If you can take high-quality pictures, there’s a chance that you can get paid for it. However, don’t limit yourself with just your photography skills. Explore all other possibilities that improve your pictures such as editing and composition.

Use the best photo editing apps for phones. Use them to get the most out of the photos you take. Try to be original.
 
You could use Instagram to promote your photography portfolio. For these, always use relevant Instagram hashtags.

Frequently Asked Questions:

How much can I earn from Instagram?

How much would you earn from Instagram depends on your engagement rate.  You can have a page with more than 100,000 followers that can around $500-$1000 per post. So it totally depends on the number of followers you have. And also on the band, you are associated with.
 
If your Instagram is full of high-quality content and some really nice ones. Then chances are that you can earn more.

How many Instagram followers do you need to make money?

Your followers in your Instagram account to earn money can be anywhere from 1,000 to 1 million. And as discussed before, it depends on high engagement rates.

How much money do 10k Instagram followers earn?

Earning of 10k Instagram followers can be anything around $50 to $120 per brand post.

All in all…

Maintain a strong online presence.

And now, as you know the handy ways to make money through Instagram, you’re all set.

Start making your money. Go through each point to know how to earn money from Instagram.

The more you understand these points, the stronger your message will be to potential collaborators!

What other methods you following to make money on Instagram? let me know in the comments.

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