10 Ways Make Money on Instagram – Top Strategies That Work In 2019

Top strategies to make money on Instagram

Isn’t it mind-blowing that now you can earn a living from your Instagram account? You might have a little bit of an idea on how to make money on Instagram, but you must apply all the possible strategies to generate a decent income.

Now! I’m sure you want to know different strategies on how to make money on Instagram.

Do you know people (mostly celebrities) get paid for uploading on Instagram?

Selena Gomez, one of the most followed celebrities on Instagram with about 156 million followers, earns around US$800,000 per post.

Instagram, even though it started as a photo-sharing app, has now transformed itself into one of the most popular social networking sites among youngsters.

With its features like Instagram Stories, IGTV, AI-powered face filters, and now with its new updates, you can add product tags on the posts.

Today, Instagram ranks 4th on the list of the Top 15 Most Popular Social Networking Sites with 275,000,000 estimated unique monthly visitors

In this article, we’ll discuss the various tactics so that you can too make money from Instagram.

You can take photos of yourself, and if you can gain some severe following with your content. Then you can use your popularity to make money on Instagram through various ways mentioned below.

1. Become an Influencer and Create Sponsored Posts for Brands

Influencer marking is one of the best ways of making money on Instagram. Here the influencers’ job is to create sponsored posts for brands by posting pictures or videos of themselves with the product.

To become an influencer, one requires some following in your Instagram account.

Check these10 Best Instagram Tools to Boost Your Followers

Influencers, with a considerable following, can convince their followers to purchase concerning products and services that they are paid to promote. 

They can influence the sale of the product or services through their fan following. Which they built because of their genuineness or trustworthiness.

Brands in 2019 typically want to work with micro-influencers who are considered to be trustworthy in the specific categories by their audience. This trend is popular within particular niches such as health, fashion, travel, beauty, and nutrition.

There is also a new concept called nano-influencers, a person with 1000-2500+ followers. 

Now brands are also focusing on these influencers as they have small yet properly acquainted followers who consider the account manager trustworthy.

The other reason is that these nano-influencers have shown better conversion rates, and they charge less than micro-influencers per post.

Make Money on Instagram as a influencer

Brands may contact you if they think you can help them promote their product, and they are assured that you have a loyal following and not fake purchased followers.

But, if brands are unable to notice you, you can join influencer communities that can help you get connected to relevant brands.

Payment for sponsored posts differs with various factors such as the brand, followers, engagement rate, reach, etc. 

But with a good number of followers, one can expect to get $100-200 per 10,000 followers for each sponsored post.

To know more about latest influencer trends click here for the complete report

2. Become an Affiliate

The difference between influencer marketing and affiliate marketing is that as an affiliate, you directly work with business, and you get paid in commission. 

While as an influencer, brands pay you to create a post that promotes their product through your influence, and they pay you a one-time fee.

In affiliate marketing, you sell the product through your marketing skills. It’s a great way to make money on Instagram because you get paid every time you generate a sale.

As you make already know that on Instagram, you can add only one link in your bio. 

When you are promoting a product or service, you can add an affiliate in your Instagram bio, and these affiliate links redirect your Instagram account to the product page of the company websites.

Whenever someone visits that website through your affiliate link and makes a purchase, the company will pay you a percentage from their sale as a commission.

Affiliate marketing to make money on Instagram

Out of the many affiliates available on the internet, Amazon Associate Affiliate marketing program is one of the most accessible to users who want to promote products of the top brands. With their program, you can make anywhere between 3-10% per sale.

Ensure your posts on Instagram are engaging and persuasive to market the products or services without forcing people to buy.

And since Instagram allows users to have only one link in their bio, consider using tools like Linktree. Linktree converts one link to connect your followers to multiple destinations.

How to optimize the affiliate marketing links:

  1. Use Bitly to shorten the length of the affiliate link
  2. Relevant hashtags that are related to marketing.
  3. Use referral codes for discounts.

3. Leverage the Videos

Instagram has always been a visual medium, it was started as a photo-sharing app, but after it was acquired by Facebook, the focus on video content, in particular, seems to have risen.

On Instagram, standard posts, Instagram Stories, Instagram Live, and IGTV can be used to promote products, establish trust through giving valuable content or post something very entertaining like memes.

When you partner directly with a sponsor, you make additional money when video posts and Instagram Stories are also included.

Instagram has recently announced that, from now on, IGTV previews will now appear on the regular Instagram feed. And since then, views on IGTV videos have dramatically increased across the board, rising by 800–1000%.

Instagram IGTV

Instagram is insanely pushing for IGTV, which means if you post on IGTV, your chances of getting the engagement you wanted is much higher than regular posts.

4. DropShipping Through Instagram

Dropshipping is a business model where a person may operate an online shop without owning any inventory.

Upon selling, your supplier will ship your products from their warehouse, straight to your customer’s house, and you’ll get the commission.

The storage of the goods and packing along with shipping are all taken care of by the supplier.

Anyone can easily set up a DropShipping store on WordPress or Shopify’s e-commerce platform, which gives 14 days free trial.

What’s the great thing about DropShipping is that you can experiment to find the perfect niche products that you can sell from your Instagram accounts, without infusing any startup capital.

You’ll have to regularly post pictures of the products on Instagram with a detailed description that also includes a selling price and payment options. You must also specify if there’re any discounts on the product.

We should use several retail marketing tactics to generate sales.
So many people are using Instagram to make money through dropshipping by directing traffic to their dropshipping store.

5. Sell Your Photos

Another great way to make money on Instagram is to sell the photos you clicked. If you are a professional photographer or you have a photography talent and take high-quality photos, then some people will pay for your images.

You can sell your photos directly to the people who are looking for stock photos online at a reasonable price. You can also work with stock photo websites that will pay you whenever someone buys your Instagram pictures.

But keep in mind the key to selling your photos doesn’t depend only on your photography skills; images must be enhanced with editing, and they should be beautifully composed.

If you also have picture editing skills, then you have a much better chance to make some money from your images when selling on Instagram.

Websites such as Twenty20 that sells stock photos from Instagram. Another one is, Foap, it shares half of its profits for licensed photos with the creators.

6. Sell your own product or service

When you are selling products or services, Instagram can provide a great platform to showcase them. Instagram is ideal for promoting fashion, beauty, and food and fitness products, and people make a lot of money selling it on Instagram.

In a recent survey, it was found that 30% of Instagram users admit it that they have purchased a product they saw on Instagram. This means if the product is showcased on Instagram, then chances are people will buy it.

Instagram’s latest update provides a shoppable posts feature. With the help of it, you to tag your photos with the link so that you can lead your Instagram followers to your product pages where they can purchase products quickly.

Keep in mind that if you want to sell your own products, then you must have some capital to manage an inventory.

7. Use Instagram to Your Improve Income on Other Platforms

Instagram can be leveraged to boost your audience on YouTube, Podcats, or blogs, as well. This can indirectly increase your income through other sources.

Instagram and YouTube go together very well, you can post clipping of your youtube video on Instagram. Then you can ask your followers to watch the full video by clicking the link in your Instagram bio.

You can also shoot a video for Instagram story and IGTV requesting your followers to check your latest content on other platforms.

This is an excellent way to increase revenue streams and make money on Instagram.

8. Sell Shoutouts to Smaller Influencers

Instagram can be leveraged to boost your audience on YouTube, Podcats, or blogs, as well. This can indirectly increase your income through other sources.

Instagram and YouTube go together very well, you can post clipping of your youtube video on Instagram. Then you can ask your followers to watch the full video by clicking the link in your Instagram bio.

You can also shoot a video for Instagram story and IGTV requesting your followers to check your latest content on other platforms.

This is an excellent way to increase revenue streams and make money on Instagram.

9. Sell Your Account

There can be a case where you are unable to manage your Instagram account due to lack of time, interest, or simply because you want to start devoting that time to other essential things.

A well managed and accessible Instagram account has a high selling value. And if someone owns an Instagram account, which is making money and has a unique brand image with a large following, then he can sell his account very quickly.

Instagram accounts with between 10,000-15,000 followers generally sell for $500-800, depending upon the bargain, while with over 100,000 followers can sell up for up to $25,000 on platforms like Socialtradia, TooFame, and FameSwap.

10. Become an Instagram Consultant

After you’ve become a master at Instagram marketing, another great way to make money on Instagram is by helping other accounts and businesses with their Instagram marketing
You can make money by charging them with a consultancy fee.

It’s a great way to make money on Instagram because here, you are selling your knowledge and experience as a service.

If you have a significant following on Instagram, it means you have access to a skill or resource that, if applied by users, they too can gain a similar Instagram following as you.

You don’t have to care about the physical product it’s inventory, packaging, and delivery when you are giving your services to people that are interested in learning from you the tips and techniques of Instagram growth. That’s the great thing about Instagram consulting.

As an Instagram consultant, you can operate from anywhere and set your own charges.

You can post a website link in your Instagram bio that will redirect them to the information about your services. To generate leads, you can host a webinar on your website.

You can also create a video course and upload it on your website or platforms like Udemy and use your posts, your videos, to advertise your skill.

To Conclude

Those are the main ways to make money on Instagram. Make sure the methods you choose can be applied in your niche.

Also, if you think you don’t have enough followers to make money on Instagram, you should NEVER buy followers or introduce automated robotic systems to improve your Instagram following!!

Because you’ll not be able to make money with those bots because these accounts won’t ever engage with your post.

Another reason you shouldn’t buy fake followers and likes because the new Instagram algorithm heavily punishes those accounts that try to increase their followers and likes count with the help of automated robotic systems.

Check these10 Best Instagram Tools to Boost Your Followers

Work on your Instagram page for few months consistently, and you’ll be able to build a mass following very quickly.

Keep in mind on Instagram, just like everything in life need hard work and consistency to be able to succeed.

Have you ever make any money on Instagram?

If you haven’t, which strategy given above did you like the most?

Share your experience in the comment section.

Divyanshu Chaturvedi

Founder and CEO of MarkBuzz Media, Divyanshu Chaturvedi is an entrepreneur, digital marketer and blogger based in India. Although his company was founded in 2018, his marketing roots go back to 2014. He started learning and practising digital marketing because, he enjoys turning complex problems into simple, beautiful and intuitive solutions. In this blog, Divyanshu Chaturvedi will share his experiences on strategies of digital marketing and tips to get most out of a marketing campaign. Also how to properly get started with a blog.