7 Best Strategy: How to make money on Instagram 2020

Is it really possible to make money from Instagram? How People able to make millions of dollars with just Instagram.

Don’t Worry. In this article I am going to share exact methods in detail. So keep reading to it till the end.

Instagram is the fastest growing social media channel with more than 1 billion active users as if January 2020

Instagram started with a photo-sharing website in 2012, It has become one of the top social media platforms in just 7 years. From the past several Instagram has evolved as a powerful marketing tool for brands, influencers, and businesses.

According to research, it is found that over 63% of the Instagram users check the app at least once a day and 42% open the app multiple times in a day.

Today every brand has a business account Instagram and 80% of the users follow at least one brand of their choice on Instagram. 

So every brand has its potential customer are on Instagram. According to Instagram Business, 60% of people use Instagram to discover new products and to know the latest trends in the market.

Instagram has grown tremendously from the past few years and no matter what people just love Instagram to share photos.

Instagram is not just a platform to share photos and videos, many Instagrammers are making billions form Instagram, You have probably heard of Kylie Jenner, she was paid around 1.2 million for a single post according to Hopper Hq Repost.

Obviously not everyone is making that much amount of money, it totally depends on your popularity, engagement, and your loyal customer base.

But Yes, if you want to know how to make money from Instagram, you need a proper strategy along with some business guidance.

So, in this article, I am going to share 7 Best-proven ways how to make money with Instagram in 2020. Also, these Instagram earning tricks will help you to understand Instagram algorithms and make money from it.

How many followers needed to make money on Instagram?

So when we talk about making money from Instagram, the first question might be arises in your mind is how many followers you need to start making money with Instagram.

The answers are You can make money with 1,000 followers or 1 million followers, basically, it depends on some major factors like,

  • Is your niche is profitable?
  • Engagements with your followers on Instagram, 1000 loyal follower has more earning potentials than 10000 fake followers.
  • The methods you are using to make money.

This post may contain affiliate links, which means I may receive a commission, at no extra cost to you, if you make a purchase through a link. Please see my Affiliate Disclosure for further information.

How to make money on Instagram in 2020?

You may be thinking to yourself: can you make money on Instagram? How do people make money on Instagram? 

Everyone wants to know how to earn money from Instagram and trust me there are people who are making thousands of dollars daily from Instagram. There is no robotic science in that, you just need to understand which is the best way for you according to your niche.

Whether you are an entrepreneur, an influencer, a big brand, or an affiliate marketer, with the right ways and proven strategies you can make money from Instagram.


Publish Sponsored Posts:

One of the fastest-growing fields is Influence Marketing. Instagram has more than half a million active influencers on the platform. Approx 82% of customers want to get a referral from friends before making a purchase and 76% of customer trusts.

Simply people want to take an opinion from the people who have a decent amount of followers and good in influencing people.

An Influencer is simply a person who builds an online reputation by sharing great engaging content online. Their audience trusts them and their knowledge is respected in the particular niche.

More and more brands approach influencers with good engagements to promote their products. If you are good enough in making strangers trust you, this strategy is just perfect for you.

According to the Federal Trade Commission (FTC) guidelines, It is mandatory to disclose the sponsored post to maintain transparency on Instagram

Here is an example of a sponsored post.

This image shows a sponsored post by an Instagram influence

Ingrid Nilsen is probably even better known for her YouTube channel where she goes by the handle Missglamorazzi. As she has your tube channel about beauty and stuff. So Brands like Primera approaches her for beauty-related sponsored products

The best Part about sponsored posts is that you don’t need to have many followers like 100K or something. Engagements rate is important here, Big Brands always look for that while choosing an influencer.

So how to get a sponsored post for your Instagram?

If you have a decent amount of followers and a killer engagement rate on your every post, Brands will automatically come searching for you. All you need to do is post quality content for your audience to keep them engaging. Mostly brands on Instagram prefer micro-influencer with an authentic connection with the audience and a decent engagement rate.


Even if you don’t have a good engagement rate but have a good amount of followers. You can directly contact brands in your niche to promote their products.

There are Influencer Marketing platforms like AspireIQ, Upfluence, and Famebit where you can sign up as an influencer and brands will find you directly from there.


Promote Affiliate Links

One of the coolest ways to earn money on Instagram. To start with you have to join affiliate programs So that you can start promoting affiliate products on Instagram.

One of the best parts about affiliate products is you don’t need to worry about creating your own products and fulfilling orders.

Whenever a customer buys a product or service form your affiliate links you get a commission from the company.

This images shows an affiliate post on Instagram

To start with you can join affiliate programs with Affiliate market places like ClickBank, JvZoo, DigiStore24, and Impact. Also, you can join the company’s affiliate programs by searching the company name with “affiliate” at the end.

Instagram doesn’t allow you to add links in the description of a post, So you can simply add affiliate links in your Instagram bio.

First, you can create a post about the product, Then you can simply tell your audience to check your bio in case they are interested to buy the product.

If you have more than 10,000 followers, You can create clickable Instagram stories to directly send your audience to affiliate products.

Source: Here is an example of Instagram Clickable stories

Another way to create a landing page between the customer and affiliate products.

With the GetResponse Landing page, you can collect their emails in exchange for free products.

Later you can send an email and nurture them to buy your affiliate products. Email marketing is the best way to sell affiliate products. You can create landing pages with GetResponse, which is offering a 30 days free trial with this link.

Instagram followers pay close attending to the posts, so it is advisable to make it clear in the post description about the affiliate products. It helps to build trust between you and your audience.


Sell Digital & Physical Products on Instagram

The third strategy for making money through Instagram is creating and selling a digital or physical product. Instagram is a powerful sales machine, people use this network to discover new products.

There are a few ways to do it:

  • You can start a print on demand service to print t-shirts, pillows, mugs, wall art, and more, then you can ship it to customers
  • Sell digital products like courses, ebook, and design templates
  • You can sell consulting services for your niche

Bewakoof is in Indian T-shirt brand that sells cool customized t-shirts on Instagram.

Big brands use Instagram to increase sales of their online store by driving traffic directly to it. Shopify is the best option to sell digital products if you don’t have an eCommerce store.

You can also build an e-commerce store with a website builder and start driving traffic from Instagram.

With Instagram in-app check out feature you can directly buy the product you live from Instagram. Just switched to a creator account and you can create shoppable products directly in your posts.


Start a Blog & Make Money

Starting a Blog can be the best decision you’ll make this year. You can learn how to start a blog and use Instagram to link you digitally and affiliate articles to generate revenue for you. Instagram can be used to send traffic to your email sales funnel by offering them a Free Ebook, Checklist or Free Course.

I personally use Convertkit to build my Email option landing pages. Once there are on the list, you can send them upcoming offers and sell your affiliate & Digital Products.

How do Bloggers Make Money with Blogging?

Every Blogger has its own audience and methods to make money from blogging. Most of them put Ads on their Blogs to generate revenue from Blogging. Here are some popular ways to make money Blogging.

  • Advertisements on Blog
  • Affiliate Marketing
  • Sell Digital Courses & Products
  • Freelance Consulting & Services
  • Sponsored Posts

Sounds Interesting? Let me show you how to start a blog from scratch without any experience.

  • Step 1: Find Your Niche
  • Step 2: Select a Blogging Platform ( I recommended WordPress.org)
  • Step 3: Get Your Domain & Hosting Provider ( Get BlueHost @ 2.95 a month)
  • Step 4: Install WordPress & Get a Theme
  • Step 5: Design your blog and install useful plugins
  • Step 6: Write Your First Post and Publish it.
  • Step 7: Start Promoting Your Content
  • Step 8: Monetize your Blog
  • Step 9: Make Money Blogging

Also, You can check my detailed step by step guide to start a blog as a Beginner. For a Limited Time, Bluehost is offering free domain ($15 for a year) and Hosting at $2.95 per month. Click here to check the special price

Start Social Media Marketing Servces:

Instagram has a strong potential in selling online products and promote your business to the right audience. The competition is growing, so brands need professionals to cut the competition and stand out.

With great content and strategies, you can master this social media platform in one of the niche and start your social media marketing agency.

A Instagram profiles which provides Social Media  marketing services

Source

Once you have a decent amount of followers and a great looking profile on Instagram. Brands and companies automatically start approaching you for their Instagram consulting, social media strategies, and training.


Sell Your Photos and Visual Content Online:

Instagram is a photo-sharing app, All the original created images, photographs are licensed and can be sell in a variety of ways.

If you are good at photographing or an artist who can create original content in any niche. People pay close attention to user-generated content and values them.

It’s not enough for Brands to upload professional photos every time to stand in the market. So they usually get in touch with them and purchase them in exchange for payments.

Travel Blogger who earns money on Instagram by selling photos

The travel industry is the biggest opportunity for digital creators to sell their digital content. All sizes of companies invite real Instagram influencers to showcase their expertise while staying at a hotel in exchange for free stay or payment. Instagram Influencer just need to share a post with their audience about exploring the place and good stuff.

Publishing user-generated content give travel industries very good results.


Become a Brand Ambassador:

Sponsored posts are a great way to promote brand products, If everything goes well, most companies want to establish long term relationships with influencers. In this way, they can promote the company on a regular basis and get great results every time.

Large companies send their products to influencers to review them and promote to their audiences. 

Have you ever seen mobile unboxing videos on youtube? So these big mobile brands send free mobile to them and YouTubers review them on their channel and share theirs relies on it.

This is a win-win situation for everyone. As for youtube, he gets a product to create a new video for it, and brands reached to the targeted audience.

If you have a loyal fan base on Instagram and a highly engaged community, brands are eager to sign a longterm relationship with you.


Find Freelance Clients in Instagram:

Instagram is the best way to find a client for your business as it has a potential customer base for every niche. You can share your best work on Instagram with your audience and start reaching to new customers

It is a wonderful platform for networking specially fo you are in a creative field

Use relevant hashtags in your posts related to your niche to reach new customers every time.

No matter what you do for a living, whether you are a designer, content writer, or a public speaker, you can utilize this platform to find clients.

When people decorate their Instagram with the best of their work, It becomes easier for clients to hire them. As they can be assured whether you are the right person to do the job or not.

This is the image of a designer profile from instagram

Source

Designspective is an Instagram page that shares tips and tricks about social media and design and has the followers base of over 170 k. They share their best work on Instagram and what they can do for business. With the use of relevant, hashtags they have a pretty good engagement rate. Brands directly approached them for designing and social media services for them.

So it is important to build a decent follower base before you start getting clients for your services.


Start Dropshipping and Sell Products:

Dropshipping is a business model where you can be the owner of an online e-commerce store without maintaining an inventory or buying the product. Once any customer makes any purchase form your store, the supplier directly ship the product at the customer doorstep.

No need to worry about storing, packaging, or shipping of the product.

You can easily set up an e-commerce store with Shopify and start promoting it on Instagram.

Bluecrate is a dropshipping store on Shopify that sells custom design products based on users’ pictures.

They also use their Instagram Page to get traffics for their store and it converts very well for them. With the help of Instagram, free traffic the Nomadgraing is making $3000 a week on his dropshipping store.


How much money you can make on Instagram?

This totally depends on your reputation on Instagram, the number of followers, and your ability to engage with your followers.

If you have thousands of followers but not getting enough likes and comments on your posts, it will be difficult for you to make money for you.

You can make money from even 1000 followers if your engagement rate is good. The engagement rate is basically the percentage of followers engaging with your content.

Celebrities with blue tick verification can earn a lot of money from Instagram. Also, the highest-paid influencer can make $ 5000 to 1.2 million per post, depending upon your niche and the number of followers you have on your Instagram account.

The only best way to get more followers and improve your engagement rate is to create and share quality content. Provide value to your audience and maintain consistency in posting content.

Instagram Statistics for those who want to make money with Instagram:

  1. Instagram has over one billion active users, almost 3 times the US Population
  2. Almost 500 million users are active on a daily basis
  3. There are two million Instagram advisors every month on Instagram
  4. User Time Spend on Instagram increases by 80% every year
  5. Instagram users by age
    • 18 to 29 years old: 59 percent
    • 30 to 49 years old: 33 percent
    • 50 to 64 years old: 18 percent
    • 64+ years old: 8 percent
  6. Out of which 52 % are female and 48 % are male
  7. Over 130 millions users engage with shopping posts on Instagram on a monthly basis
  8. Brands have more engagement rates on Instagram than Facebook
  9. The best time to post on Instagram is 2-3 PM CDT
  10. Post Containing videos have 38% more engagements than regular posts

Conclusion: Best ways to make money with Instagram

With more than a billion active users on the Instagram platform with a high engagement rate, You can also make money on Instagram if you follow these strategies. Along with these strategies Instagram needs efforts and time to build an audience base

The best way to build an Instagram followers base is to create quality and original content with your page audience. Once to build a decent customer base on Instagram, start monetizing your Instagram in order to make money from Instagram.


FAQs: How to make money on Instagram

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