How to Make Money on Instagram With & Without Followers
By Neil Patel
There’s no hiding it, Instagram is one of my favorite social media channels. Not only is it a great way to share your life with friends and family and promote your business, but it’s also a great way to make a lot of money.
Best of all, you don’t need a big following and there are several different ways to earn an income. In this article, I’m going to show you how to make money on Instagram using seven of my favorite strategies:
- Get paid for sponsored posts.
- Promote affiliate links.
- Start an Instagram shop.
- Make money from your content.
- Become an Instagram coach.
- Advertise your brand.
- Get paid for teaching your audience.
Ready? Let’s get to it.
Why Should You Try to Make Money on Instagram?
Instagram remains one of the most popular social media apps.
In fact, it was one of the top five downloaded apps in the App Store and Google Play in 2020. As of January 2021, it was second only to TikTok in download count. The platform’s active user numbers are equally impressive. At the end of 2020, Instagram surpassed one billion global users.
If the sustained growth of Instagram wasn’t enough to convince you that it’s a great platform to make money on, maybe the comments of Mark Zuckerberg may help. At the company’s first Creator Week in June 2021, he said of Instagram: “Our goal is to be the best platform for creators like you to make a living,”
That’s exactly what’s transpired.
Instagram accounts with over one million followers can make in excess of $1000 per post, according to influence.co.
That’s not all.
You don’t need to be a mega-celebrity to make money on Instagram. Plenty of micro-influencers with followers in the thousands make a decent income through our 7 strategies.
What You Need to Make Money on Instagram
There are three things you need to make money on Instagram: reach, influence, and engaged followers.
Reach and Influence
The only reason businesses pay money to Instagram users is the exposure to the audiences they receive in return. They hope to make money from those followers. For it to be worth their time, these brands are only interested in influencers with large audiences. The bigger the audience, the more money they can make.
If you only have a few hundred Instagram followers to begin with then your potential audience size is low. With such a small sample space, your content won’t get seen by lots of people, let alone drive sales to your or a brand’s products.
To get started, you’ll definitely need at least a few thousand followers to be able to make money.
Engaged Followers
Sure, more followers will boost your ego. Mathematically, it increases your probability to appear in more Instagram feeds. However, a high follower …read more
Source:: Kiss Metrics Blog
