Making money with Instagram is possible: you just need to have ideas and a good follower base. Here’s how to earn safely and prolifically.
Numerous users are wondering how to earn money with Instagram. It is no mystery that, thanks to social media, it is possible to build a real recurring economic income.
There is, therefore, a very specific reason why so many people are wondering about it. As often happens, there are more working and functional methods than others when it comes to "making money" prolifically and without risks (or waste of time).
In this comprehensive study, we will identify up to 10 different methods of earning, noting that each one requires consistent commitment. No such thing as secret recipes!
How to make money with Instagram
One of the main reasons why we look for a correlation between social media and profit is how much influencers earn on Instagram, which is why several people undertake the same path.
Most of the time, not with the same results. This is why it is important to follow the right strategies and, sometimes, hope for that bit of luck that never hurts to get some very interesting satisfaction.
To make money from your profile, you need to complete some essential requirements. You must be specialized in a specific niche, and have a certain number of followers following you.
A profile oriented towards a given topic with 5,000 followers or more can start to earn quite interesting figures. Obviously, the higher this number, the greater the chances of earning.
However, what matters is not just the number of followers, but also the engagement rate of one’s posts. Instagram profiles with many followers and a low engagement rate will not be attractive to companies. Ergo, earnings will still be low.
Conversely, a profile with few followers but all active and loyal to the creator will have much more attractiveness. The latest updates released by Instagram have also allowed users to obtain the famous badge, which, in addition to subscriptions, will allow those who reach 10,000 followers to earn through live broadcasts.
In addition to what the platform itself allows, there are also many other methods.
1. Create a showcase account for other creators
The first trick is certainly an unconventional method. Once you have achieved a solid and loyal fan base for your content, you will be able to offer advertising spaces for other creators. Obviously, by receiving payment for the space offered, ensuring that both creators can benefit. Creators who host others will earn money, while the hosted creators will share their posts with a wider audience.
Unless you have a generalist account, this method will only work if "guest" creators post relevant content with the interests of their audience. For example, if we talk about underwater fishing, then the posts must concern this area.
It is estimated that the average payment for this type of service can vary from 15 to 30 dollars per post. This means that, depending on the size of your account, you can earn up to a hundred dollars a day.
2. Offer training content to your followers
According to what the Edtech Observatory suggests, it is estimated that the infobusiness market has a multi-billion dollar value.
Creating training content on Instagram is a wise and potentially profitable choice. E-learning platforms are very famous, but they are often impractical and confusing.
Creating your own courses on Instagram, however, allows you not only to bring your audience even closer to you but also to monetize the material you disseminate.
The training material in question does not only concern actual courses based on lectures but also e-books, guides, series of articles, and so on. All of this can start from a base of 100 dollars up to thousands of dollars in earnings.
3. Offering freelance services on Instagram
To date, freelancing is one of the most popular professions around. It can be carried out remotely, with excellent earnings and with a potentially unlimited margin.
After taxes, of course. Before embarking on this career, since this is what it is, it is necessary to be tax-regular. There are some cases in which opening a VAT number is a mandatory condition, and it is good to inform yourself.
Once you have overcome this obstacle, you will be able to use your profile to provide your services as a freelancer. digital marketing is the most thriving market, but by being on Instagram you can also propose yourself as a photographer or videomaker.
According to a survey carried out by HTML, the average turnover of a freelancer who works in online marketing can start from a base of 25,000 dollars up to double the figure. Obviously, with double the experience and under certain conditions.
4. Dedicate yourself to affiliate marketing
Speaking of affiliate marketing, the Outbrain portal was very clear about it: the market in question will soon be worth around 14 billion dollars. But what exactly does it consist of?
It is essentially an agreement between the affiliate and the provider of the product or service. The affiliate in question offers his followers a link that remains on the company site and earns a commission for each purchase completed.
Those who have a solid fan base - and not necessarily a large one, therefore - can enjoy multiple advantages. Taking home even several hundred dollars per month, depending on the reference sector.
This is a practice that is seen, for example, in cosmetics or sporting goods. It is also becoming widespread in gym products, especially for supplements or food.
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5. Earn money thanks to Instagram itself
Instagram allows its users to earn, also thanks to functions present within the platform itself. One of these is the badge, which creators can obtain from their users as digital (and monetary) rewards.
As anticipated in the introduction, only those who have a certain number of followers can get the badge. There are also subscriptions, which can be obtained by offering exclusive content to fans.
6. Open a personal shop
Among the many ways to earn with Instagram, it is also possible to open your shop. Some of your posts, or even all of them, can lead to a shop via an external link.
It is therefore not possible to make purchases within the app, at least for the moment. On the other hand, with an effective biography, you will be able to attract useful (and qualified) traffic to your e-commerce site, thus publishing your URL.
If you have an adequate number of followers, sales thanks to the social network in question can increase dramatically.
7. Collaborate with brands
We talk about influencer marketing when content creators, thanks to their following, help companies increase their sales. The media reach of influencers becomes a trigger for any strategy.
According to what the "Influencer Advertising: market data & analysis" report released by Statista suggests, this market has a monetary value of 30 billion dollars. A figure that could even double by 2028.
If you have a certain authority within your reference niche, the companies themselves likely contact the accounts in question for collaborations.
Thanks to this system you can earn several hundreds of dollars for each post. The most luxurious and least replicable cases have earned influencers even tens of thousands of dollars for a single post, thus legitimizing the power of this method.
8. Attract traffic to your website
As mentioned above, Instagram can also be used to channel the traffic you receive from social media to your website. An aware fan base, wanting to delve deeper, will have no problem abandoning the app.
Thus, at practically no cost, you will be able to attract visits and generate any conversions even within your website. In a historical period where platforms experience certain volatility, having a native channel is crucial.
9. Sell digital files
You don’t necessarily have to offer your followers textual or audiovisual content. Even something symbolic and made in digital format can represent a concrete chance for monetization.
Just think of the media and economic reach that NFTs had until some time ago, even though they are currently no longer as popular as before. Illustrations and graphics enjoy great interest and are potentially very interesting virtual gadgets.
10. Using your account to do dropshipping
The tenth and final tip on this list includes one of the most classic methods for earning online: dropshipping. It involves reselling other people’s products without necessarily having to store them in a warehouse.
You can choose from tens of thousands of different suppliers, who sell the most diverse products. Even in this case, unless you have a profile without particular reference targets, it is good that the products in question are relevant.
If you sell fishing items, the choice must fall on offers of this type. In itself, it is an excellent method of earning, capable of earning even several thousand dollars per month. But it obviously requires time and dedication.
Original article published on Money.it Italy 2024-06-24 15:42:44. Original title: Come guadagnare con Instagram: 10 modi per fare soldi
