How to Make Money From Instagram
Are you addicted to scrolling through social media? You could turn that obsession into a real living. Check out how to make money from Instagram right here!
The beauty of social media is that it’s free for anybody to use. This means that, as a business or entrepreneur, you have easy access to a huge and varied audience. Platforms like Twitter, Facebook and Instagram are great social media marketing tools, which can earn your business money.
But, what if you want to make Instagram your business? There are a number of ways that you can earn money as a content creator on the platform, which is now so much more than just photographs and lunches. With so many features and content formats on there these days, you have a few ways you can make money from Instagram.
Brand Partnerships
Fancy living that influencer lifestyle? If you’ve managed to gain lots of followers already and have your own strong brand, you could team up with other businesses to earn some income. Brand partnerships enable you to endorse the companies and products you love, whilst giving that business some much appreciated air time.
Be sure to only partner with brands that suit you and your beliefs. Your followers can spot a disingenuous partnership a mile off. Just do you. Find out more about how to nail brand partnerships here.
Earn With Badges
You can earn with badges, giving your community the chance to support you during Instagram Lives. As fans purchase badges during your Live, this generates revenue for you. Fans can purchase multiple badges during your Lives, in USD 0.99, USD 1.99 and USD 4.99 increments. You’ll see hearts appear whenever this happens, so be sure to share the love back whenever you see this. It’s important to remind viewers that badges are enabled, as people could join your Live at different times.
IGTV Revenue
IGTV is a feature within Instagram that allows users to create longer, more in-depth videos. A great opportunity to dig deeper into stories, experiment with new projects and content, and share more of your talents.
By monetising your IGTV content with ads, you’re enabling brands to promote themselves within your videos. The more views your content gets, the more money you will earn. You’ll get 55% of the ad revenue generated per view, which will be paid monthly. Once you’ve enabled ads, you’ll be able to track new monetisation metrics in Insights.
Set Up Shop
If you’re someone who already sells creations on stores like Etsy or your own website, you can link to your products within your Instagram content. Setting up your own shop on Instagram is easy enough.
- Convert to a business account.
- Connect your Facebook Page.
- Upload a product catalogue.
- Complete account review.
- Turn on Shopping.
Once you’ve done this, you’ll be able to access features like product tags. This means you can extend your potential customer-base to your Instagram audience too.
Bonuses
By the end of 2022, Facebook plans on investing $1bn in the creator community. New programmes, designed to give users new ways to earn money through content, will be introduced over the coming months.
One of these programmes is Bonuses. Creators will be rewarded for creating content that people enjoy, and will also help creators understand what content works best for them. Bonus programmes will be seasonal, expanding and changing over time.