How to make money on Instagram? - 5 possible solutions

If you're looking for ways to make money on Instagram, consider sharing more than just your photos and videos. Share your audience.

Companies are drawn to engaged communities on the social network, even those numbering in the thousands. If your followers match the profile of consumers a brand is looking to reach, you'll be able to make money with your Instagram account. Don't feel like going the influencer route? Try selling your own products.

There are five ways to make money on Instagram:

• Get sponsored
• Promote your business
• Sell your articles
• Earn badges
• Monetize your videos with ads

Here's what to expect when it comes to getting paid on Instagram, plus tips for success.

How much do Instagram influencers earn from their Instagram accounts?

The five biggest Instagram influencers have over 200 million followers each and include Cristiano Ronaldo, Ariana Grande, Dwayne Johnson, Kylie Jenner and Selena Gomez.

The astronomical sums they can amass through their Instagram posts would make any budding Instagram influencer dream.

However, even outside this elitist circle, it's entirely possible to earn a handsome sum. Indeed, even if you're not among the celebrities, monetizing your Instagram presence is achievable.

Generally, the more followers you have, the more visibility you get, increasing your chances of standing out on Instagram, attracting brands for collaborations and selling your Instagram posts and videos at a higher price.

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The recipe for making a lot of money on Instagram if you've opted for a professional account could be summed up as follows: more followers combined on engaging Instagram stories and regular posts equals more opportunities to generate income on Instagram.

Looking to make some money? Discover here strategies for monetizing and find out how much, on average, an Instagram influencer can expect to earn, especially on Instagram.

Find out here in detail how much influencers earn.

It's all about strategy and knowing how to stand out, reach a target audience and gain notoriety.

Instagram is also an excellent way to increase your visibility and, who knows, find yourself among the platform's most prized accounts!

How many Instagram followers do you need to earn'money?

Even if you only have 1,000 followers onInstagram, Instagram is a platform where it's entirely possible to make money.

Digital marketing expert Neil Patel, argues that, on Instagram in 2023 as before, it's not so much the number of followers that counts, but their engagement.

Followers who interact, like your Instagram posts, share your Instagram stories, and comment regularly can be the golden ticket.

"Even if you have 1,000 followers who are engaged, the potential to make money is there", he states on his blog.

With a passionate follower base, even modest in number, "brands are willing to invest in you because of the profitable actions you'll generate on your account", Patel adds.

So, how do you monetize your Instagram account? And start making money on Instagram in 2023.

Setting up an online store with Instagram Business is a great place to start.

Selling on Instagram directly from your account, especially with the Instagram Shopping feature, can boost your Instagram income.

In addition, Instagram ads, collaborating as an Instagram influencer, and creating quality Instagram content can all help generate revenue.

Having an Instagram store is a great way to showcase your products on Instagram to reach their followers.

And while you can earn money with these strategies, look to gain visibility and notoriety to really succeed on Instagram.

Wondering how to make money with just 1,000 followers? It's all about quality and strategy!

How to make money on Instagram: 5 ways to make money monetizing your account

1. Get sponsored

Creating sponsored posts or stories is the main way for Instagram users to monetize their audience.

For example, if your feed focuses on images of your dog hiking, an outdoor gear company may want to pay you to post a photo that includes their product in the image. This is a great way for them to gain exposure to your followers.

And this method of compensation applies on all social networks as long as you have an engaged community.

How to get sponsored on Instagram

So how do you find a sponsor?

In some cases, potential brands will contact you. But if you don't want to wait to be approached, you can also:

• Contact brands directly that you would like to work with and that would be consistent for your audience. Try to send them a message on the network to find out how to collaborate with them. Obviously, avoid world-famous brands if you want a response.
• Contact companies that can help you find and work with brands.

There are dozens of online businesses that connect influencers and brands. For example, you can try out Hivency. With this kind of platform, you'll automatically be connected with companies that match your niche audience and need your services.

Be authentic

When you search for partners or decide between different offers, aim for things that you and those you influence would actually use.

Pet followers are more likely to believe your opinion on a hiking backpack for dogs than gourmet cat food.

Don't worry about products you don't like. If your dog tears up an "indestructible" toy in an instant or bites every sweater you put on him, there's no reason to recommend him to others.

It's also an influencer's mission to carefully select what he recommends to his followers. If you run several promotions for faulty products or services, you risk losing many accounts and your engagement rate will drop. You need to select the advertising you do well.

Find brands that fit as specific a niche as possible. Fans of your outdoor dog may look for lots of reviews on dog stuff in general, but they'll really trust you to know which protective booties work best for winter.

Keep in mind that sponsored posts and stories on Instagram are subject to the same standard of truth in advertising as any other form of marketing. Be sure to include a disclosure in every paid post and story. You'll do this by setting up branded content in your account settings and then identifying your business partner.

2. Promote your business

There are other ways to use Instagram to make money. You can create a professional account to expand your business.

For example, if you have a store where you sell your crafts or a food blog that generates advertising revenue, a professional-looking Instagram account could provide a promotional boost. (It's also a common way to make money on TikTok and YouTube).

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You can link to your website in your profile or highlight a specific product in your bio to direct more people to it. If your account is approved for d'Instagram Shopping features, you can tag products from your store to directly promote your items in your photos.

Take well-lit photos of the products you're trying to sell or the projects you're promoting, and make sure they're findable. Create your own hashtag and check the ones your competitors are using. Encourage your customers to post photos with your products and tag you in them.

You can also use " Instagram's " statistics feature to find out more about your audience. You can see your reach Instagram, as well as statistics on people's age range and gender.

You can also add a button to your profile that links to an email address or phone number so that interested people can contact you easily.

The idea is to use all the means offered by the social network to boost your brand's visibility. The more you're seen, the more likely you are to get customers and earn income.

You can even use platforms such as Boostfluence to gain even more subscribers easily.

3. Sell your junk to make money on Instagram

You may not have a business to promote, but you often sell your old clothes and accessories on sites like Vinted. Instagram can boost your community of buyers.

Present and photograph your clothes and other items attractively, and include as many details as possible in the caption. The brand, size, condition and age of each item are all good things to note.

If you're looking to sell a particular item, create links to it in your bio Instagram. Otherwise, simply link to your Vinted profile or another seller profile. Many Instagram sellers use #shopmycloset to sell their items.

If you have lots of items to sell and good selling skills, you can quickly earn thousands of euros on Instagram with this method.

4. Earn badges with live videos

You can earn money directly from your audience when you share live videos with the Live from'Instagram feature.

When you showcase your talents, products, etc., viewers can buy badges, which are essentially tips, to show their support. Badges cost $0.99, $1.99 or $4.99. You'll see heart symbols next to the comments of the people who bought them.

This marketing strategy can be frighteningly effective if you're followed by lots of Insta accounts.

Promote your upcoming Live video sessions via messages or posts to get the word out in advance. Then, try using the Q&A feature or giving commenters shout-outs during the broadcast to boost engagement'and hopefully badges.

Keep in mind, however, that above all you need to offer quality content to your subscribers. Seek to inform, entertain or inspire them during your live stream. That's how you'll get the best Instagram compensation from your account.

5. Monetize your videos with ads

Another way to get paid: Allow brands to show ads during your videos.

This service makes it easy for businesses to gain visibility on the platform simply by paying for advertising. By being featured on your content, they can reach your audience and therefore hope to have a sale.

To do this, access your creator account settings and activate the monetization option for streaming video ads. Then publish your videos as usual.

The amount you earn depends on the number of views your video receives in the feed. You will receive 55% of the revenue generated per view, according to Instagram's business website. Payments are issued monthly.

However, you won't get paid if your videos don't meet the requirements. For example, videos must last at least 2 minutes to earn money. Instagram recommends aiming for a duration of 2 to 4 minutes.

If you apply this method to earn money on Instagram, don't hesitate to boost the visibility of your video by sharing it. You can put links that redirect to it on your other social networks, in stories or on your blog, for example. The more views you get, the more you'll get paid.

We hope these few tips will help you start monetizing your account and earn money on Instagram. Don't hesitate to boost your account with Boostfluence for more subscribers fast and accelerate your earnings on social networks.