You were on the hunt for online money-making opportunities. But one day you get to know about Instagram and are surprised to hear that people are generating six figures revenue from this single social media platform.
However, not every opinion is necessary to be 100% credible. The internet world is filled with tons of gurus to guide you over the best money-making methods available on Instagram.
But we want to guide you for the trusted one; thus, after a thorough research-work, we reached to 10 best working methods that can genuinely help you catch a real income from Instagram.
These methods are as follows.
- Let Fans Shop Their Hearts
The most common way with which Instagram users make money is Live Badges. The money-making opportunity, however, was newly introduced on Instagram in 2020. Live badges are nothing but “hearts” that your fans purchase, ranging from $0.99 to $4.99.
- Earn Through Content Creation
Content creators are taking the social media industry by storm. Thanks to Meta for creators for giving people an opportunity to make money for their unique content sharing across Instagram reels, posts, and IG-TVs. You can also tap into this particular money-making stream, but the method will hardly get you a good income if you don’t have a solid fan following.
- Affiliate Marketing
Affiliate marketing is one of the common ways to make money via the Instagram audience network. You can join affiliate programs by Amazon, Shopify, and other digital giants and promote their products via your Instagram post. However, you can’t share affiliate links in the description or comment section, but the BIO section allows it. In addition, you can also use the Instagram ad network for affiliate marketing.
- Sell your own Product or Services.
People also sell their own products and services, taking the support of Instagram. Simply submit a daily post on Instagram, excite people about your new product ranges, services, etc. Use a catchy description with CTA and encourage them to buy a product or service you sell. You can sell these products directly via your Instagram account or boost traffic to land on your e-commerce store.
- Sell your Instagram Account
Congrats! You are already prepared to fetch hundreds or thousands of dollars if you have an Instagram account with a great fan following. Brands actively hunt for such accounts with a pre-build fan following and are ready to pay you anything you want to buy your Instagram account.
- Make Money via Audience Sharing
Audience selling is a new trend on Instagram to make money on the go. All that it takes promote someone’s Instagram account through posts, reels, and IGTV on your own account. For this contribution, you will receive fees and commissions from these account owners.
- Paid Product Reviews
You can also charge the desired amount from brands through product reviews. These reviews are unlike affiliate marketing, as brands collaborate straight with Instagram creators. You need to give positive reviews about the products that brands want you to promote on your Instagram account or as desired by them.
- License Photograph
If you master the art of how digital portraits are created, images are designed, you can generate income from Instagram in multiple figures. Simply keep these photos licensable, and whoever is interested in buying these images against the desired price, sell them.
- IGTV Ads
IGTV ads can also get you income. However, the feature isn’t available in all countries. As per this method, Instagram puts an ad on your IGTV posts.
- Become an Influencer
Become a well-established Instagram influencer, as money-making opportunities are available ahead more than what you expect now.