Top Five Ways To Monetize Your Instagram Followers
Today there are currently 700m users on Instagram.Instagram also made countless people and brands famous from sharing photos and videos in term of “Instagram famous”
Top instagrammers can make six digits figures just by uploading ads using phoths and videos on there pages. There live a comfortable life .There are massive active users how can buy your products Its is good to start a new career, business or earn something extra by the side via the social media platform.
Currently, the most common way to make money off of Instagram is to have lots of followers and then post paid adverts for brands And make money via Instagram, there are also a lots of other ways which we will discuss in detail below.
Different ways to monetize insagram
The underlying reason big accounts can make money is because they can reach wide audiences and generate lots of traffic from their posts. More people will see your adverts and that in turn would translate to more money in the bank for you
Top 5 ways to make money on Instagram
- Sell shoutouts and ads to brands and individuals
- Create a physical or digital product to sell
- Sign up with amazon associates and use affiliate link
- Build a shopify store and start dropshipping using aliexpress and oberlo
- Make a youtube videos that complement your IG page
Each of these monetization strategies has their own pros and cons so let’s get into it…
- Sell shoutouts and ads
This is the most popular method of making cash using Instagram. You can have a brand or individual pay you for an ad or for a shoutout. Instagram has got popular enough that if you're a big page people will DM you asking to buy ads
If you're not in the position where businesses are reaching out to you, you can still get to work and find clients on your own. This might be a good option if you have 10k followers or think you are big enough to sell ads.
Here is best scripts that is used by professional to gets clients
“Hey if you guys are ever interested in promotions we have an audience that might be interested in you ! let me know if you are interested and I’ll send more details. Thanks”
Your name
The chances are that if I send this script to 50 people, I stand to make around 12-15 sales every time. Depending on your page and selling skills, your conversion rate may differ. However, the more people you reach out to, the higher your chances of making more sales.
One other useful tip is to find accounts by searching for recent hashtag photos. Search for hashtags relating to your accounts like #hashtag and when you find small accounts, send them your script. They the account is online because they just recently posted a photo so you will most likely get a quick reply
Also you should have price list handy in case they are interested in your offer and save in your notes app. Here are example of my price list and you can make similar to it
To create your own price list, contact similar accounts and inquire about their price rates and then adjust yours to fit the engagement for your page.
Again take care while posting ads, sometime its may reduce your engagement if your followers do not just want to see random ads unless they are somehow related to your page.
Affiliate links
To make money as an affiliate seller, you would need to post product and services that your followers will likely be interested in. Basically, you sign up with a brand, and they give you a custom link, each time a sale happens through your link, you earn a commission. Some popular place for affiliates are
• Amazon Associates (2%-10% commission)
• Clickbank
• Offervault
• Shopify Partners (Earn 2 months of a customer’s paid subscription)
• Rakuten Marketing
For example I am promoting audible subscription and users who register via my affiliate link get 2 free audiobooks when they sign up. Other offer is s set up through my Amazon Associates account, and I earn $10 for every person that signs up.
It is actually a great offer for my audience who don’t need to spend money, and I benefit from it as well, win-win
Just take care that sell only products you believe in and products that your audience would value and benefit from. Commission rates will differ from product to product, but if you can make great ads and sell good products, you can make a good amount of money using this method.sell your own products or services
Unlike the previous affiliate method where you stand to make only a small commission, if you sell your own product, you get to keep all of the cash. However, it becomes harder when you have to create your own product that will appeal to people, but once you do you will surely make money off it.
You can make your own physical product or digital products . for example paid ebook, training course, dropshipping business etc. Once it's built you can then concentrate on just marketing and selling it.Dropshipping
Dropshipping has become an increasingly popular method day by day for making lots of money. It's similar to affiliate marketing but here you have no inventory, from dropshipping, you can source for products from sites like Aliexpress and sell them at your own set prices. Basically, in Dropshipping you sell and ship an item to a customer without having to see the item yourself. This method need little capital to get started
Here is guide which explain dropshipping in details
ALIEXPRESS DROPSHIPPING
• Shopify with Oberlo - Oberlo lets you quickly add items to your Shopify store from AliExpress. Shopify is very user-friendly, and anyone can set up a store within 1 day.
• Clickfunnels - More expensive than Shopify but gives you much more options for experimenting, using analytics, growing email lists and more. Can be used to sell AliExpress products and more.
MERCH/CLOTHING DROPSHIPPING
• Printful, Spreadshirt, or Teespring - Design your own clothing, pillows, posters, cases and more. I believe all of these ships from the U.S opposed to AliExpress where those products ship from China. This option is best if you have a strong brand and want to make your own merch designs.
Dropshipping is currently highly competitive (especially with AliExpress) but if you’re good at marketing then this might be an excellent opportunity for your page, and it’s definitely a lot of fun.
- Start a youtube channel
Although it would take dedication and hard work to create great videos and engaging content for your YouTube channel, you can still make passive income from Google Adsense by sending traffic to your YouTube channel from your Instagram audience. If you have created unique content in youtube which match you’re your page then you can earn lot of money. If you work hard then it is better option to generate passive income stream.
You can transfer traffic by saying you can see free videos on youtube and convince people to spend more money on your products. Once you create a video and post it , you only need is to bring traffic and earn in long term
To get monetize your youtube channel with ads, you must have at least 1000 subscriber and 4000 total total hours of watch time in last 12 months
My Final thoughts
Instagram isn’t disappearing anytime, if you work smart hard work its will bring lots of money.More you bring traffic and clicks on your page more you will earn. Always stay focus on your work and Think Big
Let us know what you think about these methods. Did we leave anything out? Or do you know of any better ways of making money through Instagram? Comment below to start a discussion!
Which one is better option?