Millions of people out there are making a ton of money with Instagram every day so why can’t you?. Now I know you may be wondering how these people are doing it? This is why that’s exactly what this article is going to be about. So without wasting more time, let’s get to it!.
When Instagram first started, it was sort of like an app that was only used for sharing photos but as years passed, the community quickly evolved into an e-commerce platform that a lot of people are using to monetize their businesses.
How Can I Make Money On Instagram?
I know this may come as a surprise to you, but making money on Instagram is not as confusing and impossible as it seems but don’t get me wrong, I’m not saying that it’s easy either but what I mean is that there are certain strategies and steps you need to take in order to get to that point. And, since I know how difficult it can be to figure out how you’re going to make money with just your Instagram account, here’s a step by step guild I’ve put together to show you exactly how you’re going to be doing that.
A Step-by-step Guild On How to Make Money On Instagram
Step 1: Pick A Niche
I think that this is the most vital step you need to take before you can start earning money on Instagram. Now a niche means a particular subject that your Instagram account is going to be based on, what it’s going to be all about, and the particular type of products you’re going to be selling on your Instagram page.
Here are some of the most popular niches that most Instagram influencers are using to make money right now:
- Health and fitness
Now let me clear something up, just because these are popular niches doesn’t mean that they are the only niches you can earn money on. You can also pick a niche that you’re interested in even if it’s not among the niches I’ve listed above but, you do need to make sure that whatever niche you choose has enough audience so that the products you want to sell on your Instagram actually sells.
In case you’re struggling with picking a niche, here are 4 questions that might help you decide which niche is best for you:
- What are your interests and passion?
- What are you happy doing even if you’re not going to earn money from it?
- What are you really good at?
- What problems can you easily provide the solutions to?
Step 2: Increase Your Instagram Followers
Brands are always on the lookout for Instagram influencers with thousands of followers to pay to advertise their products and help them increase their sales. So if you start working on increasing your followers and getting them to engage with your posts by liking and commenting, then brands would surely want to work with you in order to make people more aware of their products.
Now, let’s talk about the important issue here, how can you increase your Instagram followers?
Here are some effective tips:
- Only use hashtags that are related to your industry.
- Write descriptive and interesting captions for your posts.
- Use suitable filters to make your posts appear more beautiful.
- Connect and interact with influencers on your niche and try to build a beneficial and long-lasting friendship with them.
- Use industry-specific hashtags to increase the reach of your posts.
- Work with brands in your industry and market yourself to their audience.
- Make use of Instagram ads
Step 3: Start Looking For Ways To Monetize Your Instagram Account
After picking a niche and acquiring enough followers, the next step is to look for ways to earn money with what you have and these are the top three ways you can do just that:
- Selling Your Own Products
- Posting Sponsored Content
- Affiliate Marketing
Let’s take a look at how you can earn from Instagram through these strategies.
Selling Your Own Products:
For me, this is the best way to make money on Instagram cause you’re not going to be working for someone or have someone tell you what to do because instead of selling other people’s products, you’ll be selling yours and since it’s yours, you get to call the shots. This method is best for people who already have their own businesses and want to advertise their products and increase their sales.
If you don’t have a business but you still want to sell your own product then you can simply look for products that are related to your niche, for example, let’s say that your niche is about interior design, what do you sell? you can look for or personally create beautiful design items that you think your audience would find attractive. When you’re done with picking out a product, you can create a compelling post about it, including a call to action statement at the end of your post.
Posting Sponsored Content
This method is very popular among influencers cause they have a huge number of followers. This strategy doesn’t require you to make your own product so you can say that it’s easier than the first strategy I mentioned. Posting sponsored content is all about spreading awareness of a particular brand’s products or marketing the brand itself and to do this you need to gain a lot of followers first or else nobody will be willing to trust you with marketing them.
Affiliate Marketing is all about making sure that a particular product sells because unlike posting sponsored content which your earning depends on the number of engagements your posts get, the only way to earn through this strategy is when your followers purchase the product. But on the bright side, you don’t need to produce the products or handle orders.
Although you’re looking to make a lot of money like popular influencers from Instagram, thinking about money all the time while working on your Instagram account is not the right way to go. Like I said earlier you need to find successful influencers on your niche and if possible get them to teach you how did it and slowly learn from them cause the truth is that you can’t go from making 0 dollars a day to making a thousand. There’s a step-by-step process for everything so make sure you follow it.