Instagram Monetization
How much time do you spend scrolling your Instagram feed?
What if you could earn money while spending time on Instagram?
In this post, we look at various strategies you can implement to generate revenue with your Instagram account.
#1: Sell Your Products
Do you already have products that you would love to sell?
Well, leverage the tips to grow your customer base on Instagram.
- Have a well-optimized website or ecommerce site listing products or services you wish to sell.
- Turn your regular Instagram account into a business one.
- Use high-quality product pictures and videos.
- Use Instagram Shoppable Posts and turn your account into an online store.
- Regularly include a link to one of your product pages or website on the bio.
- Leverage Instagram Stories, Instagram ads, and IGTV
#2: Become an Influencer
How to apply for Instagram monetization – If you don’t have your own products, you can monetize your account by promoting other brands. As an influencer, brands can pay you to promote their products to your followers.
But how do you become an influencer?
You need to start by identifying a specific niche of your interest.
Secondly, identify your target audience and consistently post valuable content that solves their problems and keeps them engaged.
What’s more?
Grow your account and work on gaining trust of your audience. Become their go-to person for recommendations on what products or services they should buy.
Once you’ve gained good reach and a high engagement rate, there is a chance that brands will approach you for collaborations. You can also directly contact brands you wish to work with or register with influencer marketplaces.
The amount of money you can earn through influencer campaigns depends on your negotiation skills, your niche, reach, and brand.
#3: Teach a Skill
Another way to earn on Instagram is through teaching a craft or a skill, you know.
Package information into teachable modules that you can market on Instagram. Ebooks, explainer videos, infographics, courses can be a part of such modules.
You can provide a link to these materials on Instagram, but make sure you don’t give out all the information in your posts.
You do want people to pay for the material, right?
So, offer them insights that pique their interest enough for them to register for your course or download your guide.
For more of these strategies, check out the infographic below. It offers insights into how to grow your account on Instagram and monetize it.
