You probably heard stories that popular personality of Instagram getting paid for their pictures which they share every day. And you thought, “maybe I can do that too”.
Top “Instagrammers” can make as much as six to seven figure to posting an ad on their page.
Currently, the most common way to make money from Instagram is to have a lot of followers and then post a paid adverts for brands.
How many followers do you need to make money?
The answer is… it depends!
For instance, an account is just branching out in influencer marketing and sponsored post may start by $25-$50 and account is already established as an influencer with 30k-80k followers can charge hundred dollars per post.
When brands are looking to work with an influencer, what brands really look at is how well your audience is engaged, no matters follower counts.
If you have a decent number of followers on Instagram and you are looking to turn the number into cash, there are a number of ways to monetize your Instagram account.
1) Sell shoutouts and Ads
This is the most popular and easy way to make money from Instagram and if you’re a big page, people will DM you to buy ads.
What you have to send:
“Hey if you guys are ever interested in promotions we have an audience that might be interested in you! Let me know if you’re interested and I’ll send you more details. Thanks!”
If I send this script to 50 people, the chances are 2-5 sales every time. Depending on your page and selling skills, your conversion rate may differ.
Also, you should have a list of prices handy in case they are interested in your offer; Below is an example
To create your own price list, contact similar accounts and inquire about their price rates and then adjust yours to fit the engagement for your page.
2) Affiliates Links
To earn money through affiliates products, you would need to post the product and services that your followers likely to be interested in it.
Basically, you sign up with the brand, they give you custom links, each time sale happens through your link, you earn a commission.
popular places for affiliates:
- Amazon associates (2%-10% commission)
3) Sell your own products and services
If you don’t like the previous affiliate method where you earn a small commission if you sell your own products you get all the cash.
You can either create a physical product; which often requires a lot of efforts and hard work or you choose a digital product which is much easier and infinitely scalable.
The popular example of digital products is:
- Training course
- Social media engagement
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