As of January 2015, there were more than 300 million users who are apportioning more than 70 million photos and videos each day. With that being said, it is never that astonishing to perceive that several big Instagram users are earning big amounts from the millions of users who are following them and engaging with their posts.
It is even more motivating to know that most of them are just typical people who tenaciously posts and interacts on their accounts to build up their audiences over time.
If you have this interest in interrelating on Instagram and collect a large number of engaged followers, or maybe at least interest to make time and put effort to start establishing your account, there wouldn't be any reasons to start making money (hundreds or even thousands of dollars) from this one social media platform alone.
There are several different ways you can take to start earning here, and maybe they seem “easy” on the outside part, always bear in mind that any sort of online revenue-generating strategy takes time and you need to work on it so hard before you start seeing the great outcome.
We are going to share with you these five popular options you can refer to start earning on Instagram adequately if you effort to add great posts on your account and/or if you have a big following count.
1. Make money by selling your Instagram photos to businesses that want to use them.
If your fond of taking photos using your mobile phone and suppose they are of great quality to be posted on Instagram, it is very viable for you to start considering about licensing your photos to brands that are interested to buy it to be used on their own means of brand building.
There is a well-known online photography marketplace that allows you to do that and it's called Foap. It's free to sign up to this marketplace, just create your own profile, build an attractive portfolio and then you can start attracting buyers with your great photos. You can check the “Missions” section and gather ideas for high paying projects that businesses are looking for specifically.
For us, this is the most effortless way to start earning from your existing Instagram photos since there is no need to have a large number of following to start doing it. Each photo costs $10 USD, but there's a downside; Foap takes half of it.
You will be paid via PayPal, and knowing that this is a community-based marketplace, you can look around other users’ photos, and for you to see other's photos in your feed, you also would need to follow them just like any other marketplaces. You also have the option to give your feedback or comment and receive one as well.
Foap Missions regularly start at $100 and elevate from there, so if your presentation submitted is being picked and purchased by the business that inaugurates the Mission, it's possible that you earn quite a bit. Always remember that this is a competition and you’ll be competing with a lot of other users and their submissions as well.
2. Start earning commissions from selling other companies’ products or capturing leads
There is also another way to easily start earning on Instagram and it's by selling other companies’ products and services or capturing leads for them. The suggested tool for this is Peerfly. This is a very popular affiliate network that lets you to sign up an account and get started as a member for free.
Once the profile you created is authorized or approved, there you can commence browsing their ongoing promotional listed as “Social” under the “Traffic Methods” tab. You also have the option to check the offers by pay, earnings per click (EPC), or click-through rate (CR) to be able to select for that something you’d wish to promote.
Everything that you're required to do begins promoting an offer is to simply copy the eccentric URL and paste it in your Instagram bio’s website portion. If there are other users who will click on it and check it out, you may earn a commission and that is if they choose to input their personal information (like their email address) or buy something from there.
The best thing about Peerfly (or other networks similar) is that it is very possible for you to earn a few dollars by simply capturing leads for businesses, and this is much effortless than selling something.
There's nothing to worry about the approval from Peerfly, though you need to request for their approval before you can start promoting, that's basically not a problem as everyone with legit information submitted are approved.
Just make sure that you focus only on the promotional offers listed under the social traffic methods, keep in mind that Instagram is a social media platform also.
3. Flipping Instagram account as an influencer
Based on my research there are some platforms for the Instagram influencers around the world to flip their Instagram account. These platforms provide a marketplace for influencers in order to sell their Instagram account to the business in the same niche or even other users who want to be an influencer.
Social Tradia says the number the small businesses and e-commerce websites which interested in buying an Instagram account for their business from other influencers is increasing every day.
The main reason is the reach! The new companies can reach to a big number of users to increase sales and brand awareness. Moreover, the influencers can make over a thousand dollar by a simple sale.
4. Capture email leads and introduces them to associated links (or your own products).
If you feel like you're doing great with capturing leads for an associate or CPA network like Peerfly, then this time, try to build your own leads. The best tool for this is MailChimp. This is a well-liked email list-building service that allows you collect up to 2,000 email addresses for free.
Also, using MailChimp, you can create and schedule emails to be sent out to your subscribers, and this is best used to send to your subscribers the purchase links to affiliate products and even the products you owned -- depending on where your subscribers are most interested in purchasing.
What makes us say that MailChimp is a tremendous tool to choose? It's simply because this tool allows you to easily establish your own landing page forms and email templates and create in a way that will look and say as precise as what you want.
Once you’re done setting up your landing page, all you need to do is to simply copy and paste the URL into your Instagram bio’s website link. So, instead of sending leads to some other company’s email form, send them to your own.
Though you aren't going to earn from every user that signs up, still, you will have the potentiality to stay in touch with your subscribers by email, engage with them, and have a chance to sell to them repeatedly as long as they opt to remain on your list.
MailChimp also has premium packages if you choose to collect more than 2,000 subscribers or if you want more alternatives to interact with your subscribers. It's all up to you and your needs, but for beginners, the free service is already a great help for you to get started.
5. Make time joining a multi-level marketing company and start building your own marketing team.
Instagram is a very exposed social media site and definitely a popular place to display visual content, which undeniably makes it a premiere platform who those inspiring individuals and if you're into making lots of new friends, you're on the right track.
Through Instagram, there have been so many network marketers who successfully built concrete businesses by selling the products of the Multi-level marketing companies they’re recommending to audiences who showed interest in their photos or videos. In fact, there are several network marketers who ended up convincing new followers they met on Instagram to be a part of their teams.
If you take a look at Team Beachbody, this is a persuasive MLM company to gauge with. You can also search for any other fitness community that is astoundingly active on Instagram.
Simply start posting the best captures of your nutritious food, your workout regimen, and those activities that you think might be inspirational or motivating to audiences who want to get fit or in shape. Remember, always include the URL in your bio to your network marketing website or product link, don't forget to provide your contact information so just in case your audiences have queries, they can easily get in touch with you.
You may find Network marketing on Instagram a little difficult compared to the other options aforementioned, it only takes hard work and be an enthusiast of your own products and later on, you'll see that what you're doing is profit-making.
About the downsides, mostly, MLM companies demand to invest in a starter package and/or monthly fees for you to remain active and so you can keep promoting their products/services. The advantage is, you'll be joining in with other members who can surely provide you with the help that you need to start earning until you can build your own solid team.
6. Research and look for advertisers interested to promote influential Instagram users and connect with them.
Lastly, this income-generating strategy is easy only if you have the followers and engagement to present for it. Now, if you have about thousands of followers or more, and is able to get likes and comments in just a few minutes after posting, then you probably are in a good position to have this chance of at least getting a few good sponsorship deals from businesses that are interested to compensate you to endorse their products to your audience.
You have options to take, either directly reaching out to companies’ marketing departments, or instead try applying to The Mobile Media Lab -- this is a creative agency precisely keen on bringing influential Instagram users and advertisers together. If blessed enough to be selected by a big company, there you can start earning hundreds or thousand bucks for just a single post that features their product.
To make money from this tactic is so easy; however, building a large account with engaging followers is undeniably hard. Don't lose hope if you haven't reached 100k followers yet, there is still a little chance to get smaller sponsorships.
The Mobile Media Lab lets you sign up a form if you're interested to work with them but please note that it's not a guarantee that you'll be approved since they only are interested in working with the most influential Instagram users -- but they say there's no harm in trying, why not give it a shot?
He is a social media marketing writer with 5 years experience working with start-up and medium-size companies. He would like to share his experience and ideas with people who have passionate about sales and digital marketing.