5 Ways to monetize your Instagram account https://storage.unitedwebnetwork.com/files/370/754f70e730febec0a138a00bba1d5cbf.jpg

5 ways to monetize your Instagram account

It might seem hard to imagine how one can use Instagram to earn money. It's primarily a photo-sharing app, after all. But think about celebrities who earn hundred thousand dollars for a single Instagram post, or the top bloggers who earn a few thousand dollars for content collaborations on Instagram, and you might reconsider. Together, these two factors offer Instagram content creators the opportunity to explore various revenue streams.

Do you have a quality follower for a good response?

This is the most important question before you start trying to earn from Instagram. This is the only factor that determines how busy you will get, further determining how dominant your position is. Due to Instagram's algorithm, your post will initially be visible to only 10 percent of your audience. If it gets too busy, it will be visible to the other 90 percent of your audience. If it gets less busy, you'll see it at the top of the feed. One of the main reasons for low engagement is fake or passive followers, so make sure you focus on getting a quality audience first. Once you have a quality audience, you can start making money on Instagram in the following ways.

1. Promote Affiliate Links

To monetize with affiliate marketing, you need to join high paying affiliate programs so that you can integrate affiliate links to your Instagram and make a commission on the sales that you have genrated. To do this, join affiliate networks such as Shareasale, Clickbank, Awin and Impact. You can join individual affiliate programs from a company's website or by searching: "Company + Affiliate Program." Since people engaged in Instagram have a solid user base, it is an ideal place to promote affiliate links. Whatever number of followers you have, you can place clickable links in your Instagram bio. Over the years, Instagram has transformed into a strong sales generator for e-commerce brands.

2. Sell Physical and digital products

Over the years, Instagram has transformed into a strong sales generator for e-commerce brands. Since people actually use Instagram to find and buy products, they rolled out more business account features such as in-app checkout, shop buttons, product tags, and purchasable stickers to make the shopping process easier. did. Since it is difficult to sell products from Instagram alone, it is a good idea for a website. For other options, you can select an e-commerce platform or website builder to launch an e-commerce website, then use Instagram as a marketing channel. If you are a beginner, you can also start a drop shipping business so that you do not have to ship your products or handle returns.

3. Publish Sponsored Posts

According to Social Toaster, influencer marketing is on the rise: 92% of individuals rely on word-of-mouth recommendations, 76% say they are more likely to trust content shared by ordinary people than brands, and 82% of customers want to get referrals from friends before making a purchasing decision. Simply put, people seek peer recommendations, so it is no surprise that more and more brands reach out to influential people to shout for their brands.

4. Video Product Placements

Product placements are very useless in the form of advertisements, but the technology actually came into vogue with the rise of video. Here's how it works: A brand will pay you to introduce your product in your video and you'll generate some cash for its advertising. Although Instagram is not always the obvious choice when it comes to videos, the stories are notable for product placement: they are accessible and feel more authentic. Furthermore, thanks to the "swipe" feature, purchasing these items is also a seamless experience. IGTV is also a good option for placement, although as a standalone it has not yet gained much traction. It is best to use it to post long videos in your IG feed. Thinking of leveraging this Instagram monetization technique? With sponsored content, your best bet is to approach brands directly with your pitch. Prepare your proposal in detail.

5. Become a storytelling consultant.

A picture (and sometimes a video in this case) is worth a thousand words. If you are particularly good at using them to tell a story, you can monetize your talent. Help leverage your storytelling habit so that brands can write compelling statements for themselves. It is different from being a social media consultant. Here, you are the person responsible for creating content to post the brand on your Instagram account. Usually, this means that you will avoid posting similar content on your personal account.

By leveraging the platform, Instagram is a world of opportunities for the user. Many big and small personalities and influential people have used it to establish revenue streams for themselves. With a dedicated following, you can use Instagram to start a successful business venture. The special appeal you have can open doors for you. You just have to walk through them.