Have you heard about making money online with social media platforms? Did you know that Instagram is known as one of the best money making apps in the world? So now you might be wondering how to make money on Instagram. In this article, you can find five ways to make money on Instagram in 2020.
You already know that Instagram has some features such as stories, IG TV, and live. These features will help you to take advantage of earning money.
Let's find out how to make money on Instagram
Becoming an Instagram influencer
Influencers on Instagram make money by promoting various kinds of products and services. As an influencer, you need to better understand the audience you are targeting to promote your products. Such as their interests(what they like), requirements(what they want), and values(what quality they are looking for).
Affiliate marketing and sponsorships(The most significant difference between sponsorship and affiliate marketing is that affiliate marketing is commission based and sponsorship isn’t.) are the main options for featuring brands. In affiliate marketing, influencers receive a commission for every sale that happens form his/her Instagram’s post. If the influencer can promote the products by making attractive posts and targeting the audience’s preferences, it will generate more sales for her/him.
In sponsorships, influencers can get paid and receive money for each sponsored post. Products and services of different brands make partnerships with influencers to promote their name in the market. Try your best to announce your sponsorship and earn as much money as possible.
Selling products and services on Instagram
Instagram is one of the most powerful social media platforms that we can use to make money online. You can start selling your products and services on Instagram by switching into a business profile. You can promote and advertise your products and services with people by posting in feed posts and stories. Besides, you can sell your products directly on Instagram by building up an Instagram shop.
You can make money on Instagram by selling poster photos, drawings, paintings, videos, other images, and other video-based virtual products. Since Instagram is full of visual content, attractive products have a higher chance of getting more sales. If you can post high-quality pictures and also if you can edit them using photo editing apps(canva) to make them more attractive, you will have a better chance of getting paid for them.
You can promote your photography portfolio with relevant Instagram hashtags(to make eye-catching portfolio click here). You can use all-hasgtags to generate a hashtag, and you can use freepik or pixabay to find amazing images.
Promoting your freelance services
If you are offering freelance services, advertising on Instagram can be an ideal option to make money. You can attract clients by sharing photos and videos of your work with the use of Instagram features. Therefore, promoting the services on Instagram like photography, writing, and designing can be considered a great way of making money online. The best free strategy for a freelance is sending a message with your past works(your portfolio) to your followers and getting new leads. To make eye-catching portfolio click here(Inquiry). We will do it as you dream.
Driving traffic to your site with Instagram
How do you make money on Instagram by driving traffic to your site? You can influence your followers and profile visitors to go to your blog by promoting your blog posts on Instagram. That will result in gaining more traffic to your site. Always try to engage with your followers. You can like, comment on your target audience’s post will help you make more engagement with them. And follow to follow methods(always try to follow people who have low followers than followings) also enables you to gain more followers. If you have more than 10,000 followers, you can paste your sites’ link in your Instagram stories.
By understanding the above ways and learning the required social media marketing tips, you can make thousands of money online. Instagram, which can be considered one of the most popular social media platforms and one of the best money-making apps, will help you reach your financial goals and spread your brands and services.