With over 700 million active monthly users, Instagram has quickly become the go-to social media platform to grow your brand and start an online business. Thanks to the amazing features that allow you to share your photos and stories with followers, it’s so much easier than ever before to promote your business and make money on Instagram. However, there are also plenty of ways to break the rules and get yourself banned from using the platform entirely…and if you’re not careful, you might accidentally fall into one of these traps!
1) Become an Influencer
Becoming an Influencer is one of the best ways to make money with your mobile phone. It can be a full-time job or a part-time source of income, depending on how much you want to invest in it. There are many different platforms that offer opportunities as an Influencer, but it is important to know what kind of Influencer you want to be and what your strengths are.
You also need to be selective about which campaigns you take. You may not get paid up front for all of them, but if you’re getting free products and experiences in exchange for promotion on social media (like going somewhere cool!), then it might be worth it! If this interests you, there are resources available like IZEA that can give you more information.
2) Promote Your Own Product
If you’re an entrepreneur, it’s important for you to build your personal brand. And the best way to do that is by using social media marketing. Here are five ways you can make money through social media marketing:
1) Create your own product and use social media channels like Facebook, Twitter, and Instagram to promote it. 2) Use affiliate links in your posts or tweets. 3) Join a network of bloggers who work with brands like Groupon and offer exclusive deals when they come up.
4) Become an affiliate for other people’s products and use your influence to convince people to buy. Or, give away a product that is complementary to your own services (like digital planners and calendars if you’re a life coach).
5) Sell custom merchandise through a site like Teespring. Teespring is great because you can customize and sell your own merch, as well as collaborate with influencers and other brands who have similar products. If you’re an artist, sell posters and prints of your best work!
3) Sell Products
If you have a following, the easiest way to make money on Instagram is by selling products. It doesn’t matter what your niche is or how big your following is, all you need is a product and followers willing to purchase it. Selling physical goods like clothing, shoes and beauty products work best because they’re tangible and don’t require too much time investment from the seller.
The best way to do that is by setting up an e-commerce site on Shopify and driving traffic there. You can set up your store with a free trial at Shopify, then use an Instagram automation tool like Repost or Later to automatically post images from your business’s profile page onto your own profile page. Whenever one of your products gets sold, you can then manually repost it in order to show off who purchased it.
You can also sell products from your profile by adding links below every image you post. For example, if you were selling men’s sneakers from Nike, you would add a link to your site with your unique code for each pair of shoes in every photo. When someone buys that specific shoe, you’ll be notified and can then go into your account and manually remove that link so it doesn’t appear again.
4) Sell Services
If you offer a service, like photography or graphic design, then you might want to consider posting your work and asking people to follow your page. This way, when you post something new, they’ll see it in their feed. You can also try running ads on Instagram. Just make sure that you check with the social media site before you do so. Once people follow your account and see what kind of services you offer, they’ll likely visit your website or contact you for more information.
Another way you can earn money is by selling physical products. If you have a service or product that people will buy online, posting it on your account may prompt them to visit your website. You can also use ads and sponsored content.
You can also try using an app like Shoppable, which makes it easy for Instagram users to buy your products directly through your profile. It’s free to download and comes with a 14-day free trial.
5) Crowdfunding Campaigns
Launching a crowdfunding campaign can be an excellent way to raise capital for your business. There are many websites where you can create and then advertise your campaign, such as Indiegogo, Kickstarter, and GoFundMe. The key is knowing how much you need in order to launch your company and what type of perks you offer backers at different levels of contribution.
These are questions you should be able to answer before you start your crowdfunding campaign. You need to know how much money is necessary for launching your business, as well as how much of that money will come from your own personal funds and how much will come from investors. How are you going to use those funds? What types of rewards do you offer at various levels of contribution?
It’s also worth noting that many crowdfunding campaigns don’t fully succeed in raising their targeted capital. That doesn’t mean that your campaign will fail—you might just not raise as much as you hoped for. To account for that possibility, plan for a contingency budget and make sure it represents a realistic percentage of your overall fundraising goal.