It is not that hard to build an audience that has a few hundred or thousand followers if you know what you are doing. However, what most people truly struggle with is monetizing those followers.
That is because they don’t know how to do it.
And that’s why today, I am going to reveal to you some of the best ways to make money and monetize your Instagram.
So, are you ready to begin? If so, let’s dive in…
Selling Your Own Products And Services
This is the first and simplest way to do Instagram monetization. All you have to do is to use Instagram as a source of traffic for your own sales process and make money.
However, to make sales you need your target audience to trust you.
How are you going to do that? You need to build authority and reliability.
To build authority on Instagram you’re going to need to share valuable content every single day and prove that you can do what you say you can do.
That means you’ll also need to share some social proof.
And what’s more important you also need to build a connection with your audience. Engage with them and answer their comments, questions, etc.
Another thing you need to do is to become relatable.
You do that by sharing your backstory, going behind the scenes, and sharing some personal stuff as well if you want to.
That way your audience will be able to relate to you on a personal level and that will build trust like crazy.
Also, you need the right sales process. I highly suggest that you build a sales funnel and you are going to get some really great results.
But selling your own products is not the only way you can monetize your Instagram and make money on the app…
Do Affiliate Marketing
…you can also sell products and services of other people and make big bucks too!
Affiliate marketing means promoting other people’s products or services for a commission on every sale (usually) that you make.
Of course, there are also other types of compensation but usually, it’s commission-based.
Affiliate marketing can easily become a source of passive income, and when you do it the right way, it can generate so much money for you that you can leave your job or even become a millionaire.
That is no joke, there are hundreds of people who have done it before and you can be the next.
So, how are you going to effectively monetize your Instagram with affiliate marketing?
A general suggestion you would get is to add the affiliate link to your bio and just try to drive traffic to it.
And that’s a reason why so many people struggle to make affiliate sales.
Instead, you should build an affiliate marketing funnel that will warm up the traffic before it even gets to the sales funnel and you’ll get results.
And now, let’s move on to another incredible way to do Instagram monetization and get incredible results.
Sponsored Posts
To do this one you’ll need a bit bigger following and a niche that is more lucrative. Brands that are looking to make more sales online are trying to promote their products and services in every way possible.
And they won’t hesitate to pay you if you can show their product or service to more people.
That’s what sponsored posts are about.
A brand will approach you, pay you your fee for a sponsored post, and you will promote what they want.
On average the cost for a sponsored post is calculated based on the number of followers you have (if you have good engagement.)
Every 1,000 followers = an extra $10-15 for the post. For example, if you have 10,000 followers you can charge $100-150 for the sponsored post.
Of course, based on the engagement and the value of your niche it can be higher or lower. But this is the orientational pricing model.
Again, this will work best if you have already a pretty big following. That’s because you’ll get more offers as well as the fact that you’ll be able to charge more for the post.
Before that, I suggest you do affiliate marketing or sell your own stuff instead.
Filip Konecny 