There are a number of different ways that someone can now make money on Instagram. However, these do depend on how committed you are to doing so, how good your content is, and the size of your audience base.
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Becoming An Affiliate
Similar to what an influencer is, an affiliate promotes brands on Instagram but is more invested in generating sales rather than just promoting them, as result of the fact that they receive commission for the sales that they make. This is usually done via the use of a unique promotional code or a link that is fully trackable, which both ensure that the post translates into sales on their website. There are a number of online brands on Instagram that offer accounts with larger followings the chance to become an affiliate for them, so it is definitely worth applying for one of these positions if you think you have what it takes.
Posting Sponsored Content
If you are someone that is considered an influencer on Instagram, then you can do something what is called a sponsored post. This is where a company pays you to directly promote their brand. This differs from an affiliate in that you do not get paid any commission for the sales that you make, however, you are paid an up front fee for making the post, unlike an affiliate, who only makes money from sales. In order to become a social media influencer, you must have a large and engaged audience. The amount that can be made from these types of posts varies from brand to brand and on the size of your following. Obviously, the more followers that you have, the more you can charge for a sponsored post.
Selling Your Content
With so many people and businesses posting content on Instagram, you need to dedicate plenty of time to producing photos and videos that will stand out from the rest – not only to appease your current followers but also to attract new followers also. In the process of doing this, you may actually be able to sell the photos that you have taken to put on the platform. There are a number of different websites where you can display your photos for people to purchase and even have them printed onto objects, such as mugs and pillows.
Opening An Online Store
Once you have built up a big enough following, you can leverage this to set up your own online store selling merchandise etc. to all of your followers. You can post content about the store directly to your followers and you can even adopt some of the techniques mentioned above (i.e. using affiliates and influencers) in order to get your products / services out to a wider audience base.
