Simply don't waste time on Instagram – turn it into an income source instead. From selling merchandise to becoming an influencer, you can choose many ways to make money on Instagram.
Once you create an Instagram account, combined with a solid Instagram marketing strategy, you will also be able to increase the traffic on the account and gather a large number of followers around your content, store, or business services.
With this guide, you will not only learn how to profit from Instagram but also how to significantly expand your online presence.
We picked the 3 most profitable examples to help guide you through every step of the way.
1. Partnership with brands
One of the most promising ways to make money on Instagram is to become a famous influencer, micro-influencer, or nano influencer.
Any of these types of influencers, you will be compensated with gifts or money for creating and sharing engaging content about a brand or company.
Typically, you'll get paid for each post, with the price set for the number of followers and engagement rate.
Nano influencers, who have 500 to 10,000 followers charge between $10 and $100 per post.
Micro-influencers, who have 10,000-50,000 followers earn around $100-500 per post.
02. Get paid on Instagram as a creator
Facebook announced that by the end of 2022, they plan to invest more than $1 billion in programs that allow creators to earn money for the content they create.
One such program is the Creator Fund which allows you to monetize your content with IGTV ads, Instagram Live Badges, and rewards.
3. Open a store on Instagram
An Instagram store is very similar to running an online store, except that it is entirely on an app.
How it works.
After creating your store, upload product images, merchandise descriptions, and prices, then users can discover your items and check out without leaving Instagram.
Follow these five steps to creating a store on Instagram:
- Transfer to a business account.
- Connect your Facebook page.
- Download product catalog.
- Complete account review.
- Run the shopping.
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