Instagram boasts an astonishing 400 million monthly active users, and 75 million daily users.
And many of those users are making money from the site.
Instagram is no longer just a place to post and view personal photos — you can actually make money doing it.
And the best part is – anyone with a camera can do it.
All you need is a good following and the motivation to post photos and engage with other users. Essentially, if you’re willing to put in the time and effort – you can turn Instagram into a pretty good source of income.
Build an Instagram Following
The most important element in making money on any social network is building a large network of followers
Here are a few tips for increasing your followers on Instagram.
1. Follow and Interact with other People
Simple and effect way to increase your followers:
Search Instagram for keywords in your niche. (food, recipes, fitness, cosmetics, etc.)
Follow these users. Then click the “likes” button under the photo to see the other users who also have “liked” the photo.
Interact by liking and commenting on their images.
2. Keep Your Photos/Posts Relevant
It’s important to stick with one niche on Instagram.
Always post images that are going to be relevant and interesting to your target audience.
This is beneficial for a few reasons. You will retain your followers and it will be easier to sell items and represent brands if you stick to one niche.
3. Always Use Hashtags
To reach your target audience and get your posts found, you have to use hashtags.
Again, relevancy is the key with Instagram. Keep your hashtags related to your niche. It’s a good idea to check out photos from other people in your niche, and see what hashtags they’ve used.
Also, check out TagsForLikes.com. They post popular Instagram hashtags.
4. Make Sure Your Images Are High Quality
To be successful on Instagram, your photos have got to look good – after all, images are the sole focus of the platform. Make them as high quality as possible, using natural light as much as possible.
Making Money Using Instagram
Here are eight of the most effective methods.
1. Affiliate Marketing on Instagram
Affiliate marketing is still one of the best ways to earn money online. You don’t have to create a product – all you need to do is market someone else’s product and you’ll get paid a percentage of each sale.
2. Do Cost Per Action Affiliate Marketing
With cost per action affiliate marketing, you get money whenever a user takes action, such as clicking on links or entering their email – meaning you don’t actually have to sell anything to make money.
3. Become a Brand Ambassador
As a brand ambassador, you simply team up with companies to promote brands and products through your Instagram posts, hashtags, and captions. You can reach out to brands you like and want to work with directly.
4. Sell Your Photos
5. Market Your Own Business
If you run a blog or a business, post photos from your blog, and put a link to your blog post in the caption area. This will drive traffic to your website, and increase your traffic.
6. Contact Brands Directly
While you can join networks, like BrandSnob, and earn money for creating sponsored content, the competition is tough. Contact the brand via email or send them a message through Instagram. Let them know that you have a following that they could leverage to promote their brand. Offer to post sponsored content for them.
7. Check out Popular Pays
Did you know that you can get paid simply for posting content on Instagram?
A website called Popular Pays will pay you or send you free stuff for promoting a brand’s products or services. The amount you’ll earn varies depending on factors, such as how many followers you have.
8. Sell your Account
As long as you have a decent sized following and know how to get your content in front of the right audience, you can make a pretty decent amount of money from Instagram.
Source: For more detailed information, visit Money Pantry.