If you’re like most people these days, then you probably spend more time on Instagram than any other social media platform. And if that’s the case, then it’s not surprising that you might have thought about using Instagram to make money. After all, there are plenty of ways to do so! From taking sponsored posts to working with companies and brands as an influencer, there are a number of ways you can make money on Instagram – and some of them might even surprise you!
1) Build a Community
If you’re looking for a way to make money, look no further than your own social media channels. Building a strong online presence will enable you to reach out directly to customers and sell your products. Although you may want to keep your social channels separate from your business accounts, it’s best not to ignore them altogether—these networks can be very powerful when used effectively. Find out more about leveraging these assets for building brand awareness and driving traffic and sales through social media.
2) Run an Ad Campaign
Advertising your brand is essential. You may not feel like you have enough of a following to do so, but don’t be discouraged—most successful Instagram users started small. One way you can boost awareness is by running an ad campaign. Whether it’s through Facebook or a third-party application like Mass Planner, ads will put your name in front of people who otherwise wouldn’t know about your products or business.
3) Run Sponsored Post Posts
One Reelcraze method of making money with Instagram is through running sponsored posts. In order to run these, you’ll need to partner with an influencer marketing platform, such as MG Siegler’s TechCrunch or Gary Vaynerchuk’s VaynerMedia. Influencer marketing companies work with businesses that want more exposure on social media platforms like Facebook and YouTube. Influencers are typically celebrities (or bloggers) who have lots of followers but smaller accounts can also take part.
4) Sell Your Own Product
Selling your own product can take many forms. One common Reel Craze method is to launch a product and let your readers know you have it available for sale. You don’t need a website or an online store (although they certainly help). Just create something, share a bit about it in your posts, and offer them direct links where they can purchase if interested.
5) Trade Services
If you have a job and know what you do best, consider freelancing online. There are several sites that facilitate trade services between businesses and freelance professionals; if you’re just starting out with your skills, consider offering services at reduced rates or for free from sites like Fiverr, Upwork, Toptal, or Freelancer. All of these sites will help connect you with people who are willing to pay for your skillset, either as long-term partners or one-off clients.
6) Pimp Out Other People’s Products
You can make a substantial amount of money by pimping out other people’s products online. Do you have an Amazon affiliate account? Do your friends know that you review for your own site? If yes, then you might be able to reach out to them and see if they’d like their product reviewed or promoted. Simply let them know how much money they would make by promoting their product through your affiliate link.
7) Giveaway Your Own Product
Start selling your own product or service online but give it away for free. While you don’t want to give away more than 50% of what you charge, offering a sample can help you draw attention and create interest. Once people are hooked by your free products, they may be willing to buy more expensive items from you later.
8) Use Influencer Marketing to Sell Yourself, Not Others
While many people go out of their way to try and find influencers to market their brand, forget that you are an influencer as well. As long as you have a following, use it to your advantage. Remember that brands with a strong social media presence rely on others talking about them and their products, so you can do exactly that when it comes time for you to sell yourself.
9) Just Keep Working At It and Trust the Process. Don’t Stress About It!
Making money on Instagram is all about building a loyal fan base and creating engaging content. It’s not about spamming people, trying to trick them into buying your product or convincing them you’re worthy of a follow. Building an engaged community takes time, but if you focus on providing value through quality content and consistent engagement, it will pay off in spades down the road. Be patient! You can’t expect to make money overnight with any social media platform.