Today you have various people who are making money on Instagram with sponsored posts, advertisements, and affiliate marketing. It is a big platform to make money if you have the followers and the right strategy to monetize your account. To become an Influencer is not that easy as it sounds because you need to build your reputation on Instagram first before brands will reach out to you for product endorsements or partnerships.
If you want to become an Influencer and see how much money you can make on Instagram, keep reading this article. You will know all the different ways in which you can monetize your account and how best to do that. Let’s dive in!
In most cases, making money on Instagram is contingent on the number of followers you have. For instance, you will need at least 1,000 followers to begin earning money through Facebook’s Brand Collabs Manager. That said, if you want to open an Instagram Shop, your follower count is less critical to earning potential.
A second factor to making money on Instagram is your social media engagement. To calculate your engagement rate, take the number of likes and comments per post and divide it by your number of followers. Ideally, you want to have a 3% engagement rate to appeal to brands for sponsorship. Companies prefer you have a highly active audience rather than a large following that’s either stale or inactive, so prioritize building an engaged community. Engaging with your audience and posting high-quality content is what will grow your Instagram followers over time.
- Brand Partnerships
- Promote Affiliate Links
- Sponsored Content
- Fan Membership & Exclusive Content
- License photographs and videos
- IGTV Ads
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