Here are 4 creative ways to make money on Instagram. Instagram has been growing at a 2x member count every year and based on my information, it’ll keep growing for a foreseeable future every year.
As an affiliate marketer, you should always utilize the power of a new and popular social media and that’s why in this article, I’ll share 4 strategies to help you make money on Instagram. These 4 strategies require you to have an account, so it’s important to open one if you don’t have any.
In case if you’re feeling lazy and not in the mood to read a long article, you can watch this video instead:
Strategy #1: Accept Sponsored Posts
This strategy usually works better if you have a big account or an account that gets a lot of engagement on every picture. A good account an account with a 0.3 follow to like rate. Meaning that from every 1,000 followers, 300 of them should like your posts on average. This also depends on what time of the day you post and how often you post too. If you have an account with this ratio and you’re comfortable posting promotional content once a week, you can get sponsored by a lot of people.
Strategy #2: Capture Leads
When you capture leads from your Instagram account, the sky is the limit when it comes to ways to make money on Instagram. All you need to do is to leave a link to your landing page in bio and give people a reason to join the list (example: enter your name and email to get a coupon to this special product!), you can do wonders with these leads. You can send more promo emails to advertise to them, accept sponsored emails, promote affiliate products to make commissions, use them in Facebook ads or even promote your own products!
Strategy #3: Sell Your Photos!
If you’re into photography, there are countless websites like Shutterstock where you can sell your photos and you can use your Instagram account to showcase your amazing photos.
Strategy #4: Sell Your Account
Selling your Instagram Account is the ultimate cash out strategy! If you have a big account or an account with high engagement, you can simply put it for sale and there will be plenty of people who are willing to pay you big money for it You can start asking your own followers to begin with!