5 Proven Ways To Make Money On Instagram [2022 Updated]
Instagram is one of the fastest-growing social media platforms with 1.7 billion users worldwide. Instagram started as a photo and video sharing app, but now it serves as a popular platform for business. According to the latest stats, 80% of people follow at least one business account on Instagram, and 60% of people use this platform to discover new products or services.
Additionally, 200 million Instagram accounts check business profiles daily, and 66% of business profile visits are from non-followers. The above stats prove that millions of brands, small businesses, and entrepreneurs use Instagram to reach their target audience and generate sales. Are you a business and new to Instagram, find some important tactics to boost your business and enhance your reach to earn money on Instagram.
#1. Become An Influencers
The Instagram influencer has the tendency to make thousands of dollars per sponsored post. An influencer is someone who built a loyal following by sharing authentic posts regularly on their social media profiles. So, more potential audiences follow influencers. As a result, influencers have a huge following and convince their audiences to buy certain products or to jump onto the trends.
Many top brands partner with influencers to do sponsored posts and spread the word about their products to a wider potential audience. To become an influencer, you need to grow your Instagram following and share creative content to enhance strong engagement from your audience. With authentic content, audiences start to build trust on your profile which helps to get sponsored partnership with brands.
#2. Use IGTV Ads
Make money on Instagram easily by turning on your IGTV ads feature. In your IGTV videos, you can insert an ad break in the middle of your videos. When you run IGTV ads in between your videos, it helps to get popularity for your brand. Also, you will get paid for the ad based on the number of plays your video gets.
But how to boost views and likes for your IGTV videos? Creating compelling content becomes the most effective strategy to buy likes for your Instagram TV videos and enhance your engagement rate by grabbing your target audiences. Besides creating catchy content, engaging conversation with your audiences improves your video reach and visibility. Share a preview of your IGTV videos on stories and feeds to encourage your audience to watch them on your IGTV channel to boost your conversion rate.
#3. Sell Instagram Caption Services
Many brands and businesses use Instagram to promote their products and services, but only a few use this platform to write great captions. If you are good at writing creative Instagram captions, you can sell your services to top companies to earn money.
To get the attention of the top business owner, write and put some catchy captions on your account that generate the most engagement to your profile. Because if a business is going to hire you, they must see your work. So make sure to have some creative examples to attract business owners and to make money with these services.
#4. Sell Physical And Digital products
As a wonder, Instagram acts as a sales generator for businesses and marketers with various features and updates. Since many people are using Instagram to discover and buy new products, the platform rolled out more business account features like shop buttons, product tags, and shoppable stickers to make shopping easier.
You can sell any physical or digital products made by yourself or buy from suppliers. No matter what you sell on Instagram, your engaged audience is probably there. However, it is essential to find the right products and look at the competition by searching for target keywords and hashtags.
The Bottom Line
Instagram is the perfect place for marketers to make money on the platform with the right marketing strategy. From prompting your brand to increase conversion, Instagram has many creative ways to enhance your business growth and help you earn money on Instagram. Additionally, putting time and effort into Instagram is a perfect investment to make money without spending dollars. I hope this article will help you to become an influencer and earn money on Instagram.