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As we know, Instagram is one of the fastest-growing social media platforms, and it has crossed the 1 billion monthly user threshold. And due to its engagement, it provides many opportunities for people to shape their lives. But the real question is if I don’t have many followers like followers in thousands or lakhs, will I still be able to make money?
Then, you will get your answer is yes. You don’t need hundreds of thousands of followers on Instagram to make money. According to many research sites, influencers with 10,000 followers or less are also getting the best results from Instagram. But you need to know the exact strategy and tricks behind it.
And if you are looking for some accurate tips, you have come to the right place. In this article, we will talk about ways by which you can make money on Instagram. Firstly, you need to have a few more things to make money on Instagram; reach engaged followers and authenticity.
Any business will pay you money only if they get exposure to audiences in return, making money from those followers. If you have only a few hundred followers on Instagram, your potential audience is small. So, you need to increase followers and engagement on your account to attract businesses.
A high follower count doesn’t always mean high engagement. More followers increase your probability to appear in more Instagram feeds. If your followers are cold to your posts, they probably won’t buy anything you promote.
So, if you rarely get people commenting, liking or sharing on your Instagram, then your massive number of followers doesn’t matter.
Why should any brand or any of your followers invest money in your account? Authenticity is very important in the engagement of your followers or drawing the attention of businesses. If someone is investing money in your name, they generally search for the things they can rely upon. Thus, the more original and authentic your Instagram account will be, the more engagement you will get.
As we have already discussed the importance of engagements and the reach of your Instagram account, let’s look into how you can use your reach and followers and earn money through it.
There are a few ways given below that can help you in making money on Instagram –
1. Sell Your Product
If you have a shop and sell items like; clothes and beverages, then why don’t you think of selling them online? And if you find your product unique, then there is no one to stop you. Instagram has provided a large platform where people are waiting to see something unique and buy it.
2. Be an Affiliate Marketer and Partner with Any Brand
Instagram is the exact space where you can find creators and brands easily. And affiliate marketing is when you promote someone else’s product, and then you receive a commission for the sale. As a content creator, you can partner with brands to promote their services and products, and you can do this by putting up a post or through your Instagram stories.
3. Earn Using Badges
If you broadcast live on Instagram, Badges are the best way for your followers to show you their support. You can think of badges as tips your audience can give you when you broadcast. When you broadcast, your viewers can buy a badge from three heart levels that each has a different price point.
4. Be a Content Creator
This is the most commonly used technique on Instagram to earn money. To be an Instagram influencer, you need to post pictures of your interest that shows your personality. It will help you to build a personal brand. And if your audience is liking your personality, it will increase engagement on your account. This will attract many brands to you. And you can sponsor their products or ideas in your posts and stories and earn money through that.
5. Instagram Support
As we know thousands of businesses are joining Instagram every day. And they may need creative and administrative help. They may be new to Instagram or may be unaware of the Instagram algorithm. And that is the exact place where you can jump in. be an Instagram coach and consultant.
If you have a proven track record of growing Instagram accounts, there is a good chance that someone will pay to learn from you.
Conclusion
If you can build an audience on Instagram, then there are loads of ways to make money on Instagram. Instagram put you in front of the world, and now it is up to you to use it. Share your ideas and suggestions on how Instagram has hanged your life in the comment section given below.
Mentor Monkey aims to provide the best social learning ecosystem for career aspirants and professionals to help millions of young minds ace in their career and professional journey and discover their true valour.
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