Now, if I ask you what is the one social media platform you need to be viral on?
The Obvious answer from most of you will be Instagram
nowadays as we can see Instagram is the most famous and best platform to expand your content or business.
Even if you get viral with your reels and content on Instagram, what next?
Here is the actual difficult part that comes in, How to make money from Instagram??
With the help of high organic reach on Instagram reels, everyone is getting famous but they don’t know how to make money from Instagram thus they end up losing their passion for it.
A couple of years ago, Instagram had only a few people who got viral and famous, so most brands directly contacted them to make a deal with them but now almost every creator is getting famous so brands could be able to find out the best people for their brands.
Also, read- How much YOUTUBE pays for 1000 Views
Also because of the increase in competition on Instagram, now it’s getting difficult to earn money from instagram2022.
No Need to Worry
I’m Here the give you all the practical tips and ways to monetize your Instagram account even if you have less followers
But before let’s know some fun facts about making money from Instagram (just to let you know and motivate you to continue)
Fun-Fact About Instagram
You can also call it myths about Instagram
You can’t make money if you have less followers
I first made money from Instagram with a followers count of 206 to be exact. So it is clearly a myth that has just burst out.
What's behind that - When I started Instagram marketing, I had no special skills to show up so i simple started sharing all the things I was learning in the form of a carousel (fancy name of Instagram slider post)
So I was lucky that one person on the internet found my post design interesting so he approached me to make his pages post designs as well, I got paid although I was very low, it was good as a start.
You Can’t Produce Good Quality Content With a Minimum set-up
For me, on the name of set-up, I only had Windows 7 laptops with no paid adobe software or any other paid software.
The only thing I had was a laptop with an internet connection. I was grateful for it and figured out the ways to make money from Instagram and produce the best quality content for my followers.
So I hope these 2 myths made you clear about your further journey on Instagram.
6 Practical Ways To Make Money From Instagram
1. Selling Own product or service
Selling your own product or service is the best way to earn money from Instagram without depending on other ways.
Once you get a decent number of followers, you can actually sell your own stuff. This includes any things you know or maybe your content-related course, e-book, premium membership, products, etc.
How To Apply It -
When I just started my Instagram journey, I used to think that I would get at least 1000 followers.
Everyone in that stage had a similar kind of mindset.
So I observed, that one of my Instagram friends who had only 1500 followers created a small few pages E-book on “HOW TO GET YOUR FIRST 1000 FOLLOWERS ON INSTAGRAM”.
He is clear that his targeted audience is people with less than 1000 followers.
POV- He was not charging any money for that Ebook but he was collecting the email lists from it. Once he got an email list of those, in the future he can also sell them any product or service with those email lists.
So, here is what I figured out
Find out what you are good at?
Try making any product or service out of it (it’s ok even if no one buys, at least you’ll experience it)
Find out the targeted audience (like in the above-mentioned case, the targeted audience is the people below 1000 followers)
Keep improving day by day
If you have a large audience, it's even better. You just have to market/promote your product or services on a regular basis so as to spread awareness.
Brand Collaboration on Instagram means tie-ups with any brand mutually for both parties' benefits.
Brand collaboration mainly happens to promote business products or services through Instagram Influencer.
Example of Instagram brand Collaboration-
If you are into the music industry and you produce music content on Instagram then some musical instrument company or earphones company will contact you for collaboration.
Here are some of the factors that brands take into consideration before collaborating with Instagram Influencers
Suitable niche - You can’t promote any random things apart from your field, this can’t be called a successful promotion.
On the other hand, if you promote any product related to your field you can attract the same interested people more because you have built up your brand in that niche.
Your Engagement matter- The brand will only contact you if you have good engagement with your followers. If they find your profile with large followers but no engagement post they might not contact you.
It's NOT only about the brand - Instead of the brand contacting you, rather you can contact the same niche brand. You will find many sites where you find out your topic brand for collaboration or you can directly mail them on their official ID.
Affiliate Marketing means selling products or services to other people and getting a commission for it.
It simply means marketing other’s products and on each sale you make you’ll get paid called commission, it’s that simple.
As an Instagram influencer or Instagram marketer, you can use affiliate marketing as a good source of making money from Instagram. In this, you just have to use your skills and have to reach out the awareness about the product, which means you have to promote the product. You easily get around 10-20% commission on the product
If you find any difficulty in finding out the best affiliate marketing program for you, I’ll help you.
How to Join an Affiliate Marketing Program.
They are many different affiliate marketing programs available in the interest, choosing the right program is very important because it will impact your commission rate and product marketing
Choose a Right Affiliate Marketing Program - As I said, you can’t join any random affiliate marketing program where you'll have less commission, and the product on it, will be hard to sell. So I made a comprehensive blog on “How to Choose A Best Affiliate Marketing Program For Beginners”
Start selecting Suitable Products- While choosing a product from that affiliate network you need to take your personal brand as well into consideration, because if you are a musician then you can’t promote products related to football. You have to promote affiliate links of only those products in which you have built your personal brand.
Promote Well - On Instagram you won’t find many link-sharing options, so you have to be wise while promoting your affiliate product. On Instagram, you can earn from promoting products via your stories and bio links.
4. Partnership
A partnership is pretty much similar to a collaboration. In brand collaboration, you have to promote their product but in the case of a partnership, you’ll become part of that business and treat it as your own business.
To be honest, it is very hard to be a partner in any firm but it’s possible. It totally depends on your Instagram reach and your influencing quality.
Once businesses find any benefits from your Instagram followers or your brand quality they’ll approach you for a partnership agreement.
It is very rare to happen at a small level but it’s possible
5. Consultancy
Consultancy means providing guides and advice in your expertise.
I have observed many Instagram influencers who make equal money from consultancy as much they make from their main business.
But most people think, How is this can a way to make money on Instagram?
I’ll tell you how!
Do you agree that in the initial stage of doing something we are truly clueless?
So what if a person in that profession guides you in the right direction, you’ll feel really awesome.
This is what Consultancy does.
For Example -You are a Freelancing Content writer with nearly 50k followers on Instagram.
Now you simply post a video or story regarding your consultancy service, let’s imagine out of that 50k, only 20k people watch your stories, and 3k - 4k followers struggling with their freelancing career, now they will approach you.
Not every only but at least 100 to 200 people will be ready to pay you for your consultancy.
Thus, you can make money from them.
6. Shoutout Promotion
This is not a full-time earning source but it can be one of the ways to make money from Instagram because here you don't have to do much.
In this method, you’ll use your followers to promote other business pages for that you’ll get paid
For example - You have 10k Instagram followers and someone recently started their business page and wants to get fast followers.
So he will approach you, or you can do as well, vice-versa.
You have to promote that page of that you’ll get paid.
Final Words -
When it comes to building a brand on Instagram, it’s not only about making money it’s about what you can serve to your followers.
Once you build your brand on social media with good engagement and followers you can easily make money from Instagram.
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