Indeed, many Instagram users are earning serious sums of money on the platform as we speak, with some successful influencers charging over $1,000 for a single sponsored story.
We’ve looked at why Instagram’s such an excellent social network for earning money and addressed how much you can expect to make.
Sponsorship’s arguably the simplest, most common, and most lucrative strategy for anyone wondering how to make money on Instagram.
Affiliate marketing is when you promote a brand’s products or services to your audience and receive a commission every time someone buys something through your referral.
Do you already sell products via an online store? If you aren’t already using it, Instagram Shopping could be a perfect new sales channel with which to experiment.
Just as you can monetize YouTube videos by allowing businesses to advertise on them, Instagram lets you do the same.
Once you’ve set them up, IGTV (Instagram TV) ads deliver 55% of any advertising revenue generated through your videos (assuming they’re at least 2-minutes long).