Everyone wants to make money online legally but it’s not that easy. However, you can monetize your Instagram with a good number of followers.
Alternatively, having a platform such as a blog of your own is also good. You can easily make use of your platform to make money online.
New to blogging and want to start your own blog and make money online? Check out how to start a profitable blogging business here.
The fact is that bloggers are arguably one of the best marketing weapons for brands and marketers nowadays. This means you have a good chance to make money online if you have a blog.
But how do you make money as a blogger? Well, there are several ways to do that. As a blogger, you can monetize your blog with Google Adsense or other alternatives. Also, you can make money through sponsored posts or by selling ebooks.
Making money online via social media
However, blogging is not the only way to make money online. There are several other means to earn money online and social media generally offers an avenue to achieve that.
Social media has become one of the most effective marketing strategies nowadays. Top brands and marketers currently investing a huge amount of money on the platform to target the right audience.
With an estimate of around 2.77 billion social media users around the globe, it’s obvious why businesses and marketers are using the platform for marketing.
This statistic shows why social media has become an essential marketing weapon for businesses in today’s digital marketing era.
How to monetise your Instagram
With more than 800 million monthly active users as of September 2017, Instagram is one of the most popular social networks worldwide. This is why brands are now earmarking a substantial percentage of their social media marketing budget to this photo-sharing platform.
Do you wonder why businesses are now making Instagram marketing a priority? Because Instagram has become an important marketing channel for serious marketers. So what does that mean for Instagram users? It means you can now cash in on the popularity of the platform.
So, how do you make money on Instagram? Making money on social media platforms such as Instagram is not easy but it’s possible. Instagram is all about number games when it comes to monetizing your Instagram activities.
I meant it all comes down to your followers and profile’s popularity. The fact is that a social media account with a good number of followers can potentially become a good source of income for the owner.
#1]. Sponsored posts
For bloggers, post sponsorship is one of the most popular means of making money on their blogs. Instagram users with a good number of followers can also benefit from sponsored posts.
The fact is that so many marketers and advertisers out there are looking for Instagram users with a good number of engaging followers. If your Instagram account falls into the “influencer” category, you have a massive opportunity to monetize your Instagram activities.
Sponsored posts can either be a photo or a video clip about a certain brand, product, or service. A typical sponsored post usually has brand hashtags, @mentions, or links to Landing Page.
So many Instagram influencers have gained from their popularity and earned really cool money as well. However, you have to be careful when it comes to sponsored posts on social media.
You have to make sure that the content you want to post adds value to your personality and your audience. The best thing is not to accept just any post because you want to make money.
#2]. Affiliate Marketing
Affiliate marketing is another way you can monetize your Instagram profile and start earning through the platform. For those who don’t know how affiliate marketing works, first of all, you will need to familiarise yourself with how affiliate marketing works before you can make money from it.
Affiliate marketing is all about promoting other people’s products and then, you will get a commission if the product sells. You can use your Instagram account to promote some merchants or products you love.
You can use the medium to recommend products to your followers and get paid when they buy. All you have to do is to post striking images of the products you want to promote.
Also, don’t forget to include a link (your affiliate link) to the product. Affiliate links can be used to drive sales and you will earn commissions for products sold. You can sign up for JVzoo to get affiliate products to promote or check out the affiliate networks below.
#3]. Promote yourself or your business
Social media platforms such as Instagram are no longer just for making friends and chatting with family members. Social media offers an avenue for users to brand themselves and promote their businesses.
For instance, if you are a small business like photography, Instagram is the best place to showcase yourself and the unique skills you have.
If you sell products, you can use Instagram to showcase beautiful images of your products so that your followers and fans can see what you do. Please read 11 Smart Ways You Can Easily Brand Yourself And Build An Impressive Personal Brand Online – for a better understanding of online branding.