How to Make Money on Instagram 2020

Source: MoneyFor Wallet

Nowadays most of us are using Instagram and there is no surprise these numbers will increase in the upcoming time. But do you know you can earn money on Instagram? Yes, you can, there are various methods with which you can make money on Instagram.

Instagram Facts:

It was launched in the year Oct 2010 by Kevin Systrom and Mike Kriege.
In 2012 Facebook purchased Instagram for $1 Billion.
2 Billion registered members with 400 million monthly active users.

Instagram is the best place to make money and it is also the root of marketing nowadays. But it is not as easy as it looks. Everything needs hard work and hard work is the only key to success.

This post is going a bit longer and helpful if you catch it perfectly. So let us start without wasting more time.

Get Your Instagram Account Ready

First of all, we need an Instagram account. If you have a personal account then we don't need that you have to create a new account and select your account type as you wish (Sports, GK, Meme, or Celebrity). OR you can purchase Instagram Accounts there are various places from where you can purchase (We can help you in getting your Instagram Account).

If you are creating a new account from zero then you need to gain followers first. You must have at least 15K(15,000) followers before starting. To gain followers you can do the following things.

Daily post 5-6 posts on your Instagram Account.
Post at least 4-5 videos weekly. One viral video can change your account status.
Try to engage with your followers. Reply to every comment and ask your followers to share your posts.
Post original contents only. Instagram is very strict with their policies. If your post is not original and you are using third-party content then use apps to edit your images or videos.

Select Your Target Audience and Niche

The target must be impressive. In an online audience, the audience is divided into three tiers. In 1st Tier, USA, UK, Canada, In 2nd Tier countries like Korea, Japan, and other countries and in 3rd tier countries like India, Sri Lanka, and Indonesia.

The most profitable target is countries like USA, UK, and Canada. I will explain to you later in the post why it is most profitable.

Niche like Model and Hot Girls are easy to boost. You can gain more followers in a short time if your account niche is Model or Hot Girls. And Niche like Sports, Science, Celebrity, and others are some slow to gain but more profitable.

Methods to Make Money on Instagram

1. Promoting your own website or blog

This is the easiest way to make money through Instagram. You need to have a website where you published an article related to your Instagram account and have Adsense enabled (Adsense is the only highest paying ad network).

Let us assume you have 100K followers and you are getting 40 to 70K reach on each post and when we convert them into traffic then you are getting 10K unique views daily with 4-5 posts daily. Converting reach in traffic is very hard.

Assume more in deep numbers. You have an Instagram account with 100K followers and 40K reaches on each post. 4 posts daily and 120 posts monthly. 40x4=160K reach and 160x30= 4.8M reach monthly.

Now let us convert them into traffic.

You are getting 10K views daily then convert them with monthly 10x30=300K Views.

Now see you are getting 300K views monthly with your 100K Instagram follower account.

Now let us convert traffic into revenue

Suppose, you are getting 300K views monthly on your blog and you have AdSense enabled on your blog.

If you are getting 10K clicks on ads and the CPC is 0.4$ then your earning is $4000 monthly.

Remember the blog must contain good quality of article so visitors come and read your article, you don't need to come & go, visitors, because they will not make money for you.

2. Find Sponsors for Your Instagram Account

Sponsorship is something about promoting someone's product or brand on your account. You need to know that you should keep your post clean and using proper hashtags.

Also, now it is necessary to mention that "this is a sponsored post" by using hashtags like #AD or #Sponsor.

In most cases, you don't need to go and find sponsors actually sponsors come to you. You have to use proper hashtags and proper posts.

Do you know how proper posts look like? Let me tell you how proper posts look alike. For example, you have an account on the Travelling niche. Then you can't just post pictures where you visit. You must take some good pictures in HD and explain about that picture in your posts.

You also should use proper hashtags, if you are publishing post related sunset then use hashtags like #sun #sunset. It helps you to reach more users. Through this, your posts will look like a professional, and users will love to read your posts too.

In the profile, you have to mention your email address or mobile number so brands can contact you easily. If you don't know how much you should charge then let them tell their price first and then try to do the negotiation.

Use Influencer Marketplace To Get Sponsor

You may not hear about this before. Sometimes it is hard to find any sponsor even after you put your all efforts. Then you should try the influencer marketplace. You don't need to put much effort into finding sponsors. Just sign up, connect your Instagram account, and rock on.

Check out some marketplace here:

TapInfluence: Easy and free to register. You can not get only sponsorship for your Instagram you can also get a sponsor for your FB pages, YouTube Channel, and more. You can also view the average amount you can get paid for each post.
Tribe – This influencer marketing platform has new campaigns daily that you can pitch for, with some of the world’s biggest brands searching Tribe for new influencers. You have to download the APP to use their service.

Use KickSta to get more organic and active followers on your Instagram account.

3. Affiliate Marketing on Instagram

Affiliate marketing is big business but hard to start. It doesn't matter how much followers do you have. Read this post of you are not much aware with What is Affiliate Marketing.

In short affiliate marketing is promoting third parties products and when someone does any purchase from affiliate link then you can get paid.

Mostly affiliate links are long and look bad so we suggest you use URL Shortener to shorten your affiliate links.

Where to share Affiliate Links?

You can share your affiliate links at various places on Instagram. But Instagram allows only one link to have on the profile so you can't share more than one affiliate link. But wait there are more places where you can share your affiliate links you can check out the below...

Instagram Bio: Your bio section is the best place to share your affiliate links. Add some emojis and text so the user knows what you exactly promoting. You should keep rotating your links and analyze the user's action. Analyzing users' actions can help you to know which type of affiliate program is best for your audience.
Share a link in your post: You can share the affiliate link in your posts. But you have to care about posts, adding links in every post can decrease the interest of users in your post. Write the post explaining the product and add the link to the product in it.
Create ads on Instagram: Select the most active post and promote it on Instagram and select only those posts which have your affiliate links. You can get more users' interaction with post plus links which increases the chances of making a purchase.

Choose Best Affiliate Network

There is a number of affiliate networks available with which you can work. The following are some best affiliate networks. I suggest you try all networks once and create the report of your experience and choose the best one from them.

Rakuten: Another best network that gives 10$ as a bonus. You can get access to Rakuten by filling this form. It is also good for shopping.
Amazon Associates: It is very easy to get access to Amazon Associate. Just sign up, choose the product, and promote it. There are millions of products that are available on Amazon you can promote what you like to do. Amazon gives up to 10% of each sale through your link.
MaxBounty: Here quality matters, MaxBounty is very strict while accepting users. You need to have a good number of followers to get in. It is also one of the highest paying networks.
ClickBank: One of the most active and high paying network. There are various categories actually there are more than 15 categories so you can choose your niche.

4. Sell Your Own Physical and Digital Product

This option is for them who has already their own shop. In my opinion, this is the toughest method to earn money on Instagram. In this method, you don't only need an Instagram account here you also need to have your own shop.

Seeling products needs much time and effort. You have to keep tracking product orders and managing Instagram account same time is a bit hard. The best way to avoid this problem is to start to shop on Shopify and let them handle most of the hard work.

Click here to know how to start Shopify Shop.

<Credit: Instagram

Instagram allows you to sell a product with Shopping on Instagram. By using this you can tag the price rate on the specific product. Check the reference image provided by Instagram.

Whenever the user moves their cursor or clicks on the image they can see the product name and its rate. Also can find the "Bag" button bottom of the image. Unfortunately, it is mainly available for the USA and some selected countries. The process is a bit hard as you need to get approval first from Instagram before start selling your own product.

Whenever the user clicks on the Bag button the new pop up display with a description of the product and rate of a product too. Comment if you want us to write an article on "Create Own Instagram Shop".

5. Sell Your Photos and Let Instagram Make Money for You

This is not as easy as it looks, selling photos on Instagram is not an easy task. You have to take some good high-quality photos to make it sell. You can get a good amount of money and constant paying buyers. If your photography is good then you can make money on Instagram by selling your photos.

Buyers always looking for Instagrammer who uploads attractive and worth of images. They might contact you through the email address mentioned in your bio. Your images should be something really worth, you can expect buyers if your images are with low effort and quality. You can never sell random images.

People might contact you for clicking images for their marriage, for their own or any random click. You can charge what you want but charge only what suite both buyer and seller. Always use proper hashtags to reach the proper audience.

Sell your Instagram Photos on Marketplace

There are some famous marketplaces where you can sell and buy images. This is the best place to sell your Instagram images and make money on Instagram. Check out some of them below...

Twenty20: Marketplace for photo buyer and seller. This is the largest marketplace for the photo buyer and seller. You can visit their help page in case you have any queries.
Foap: It is a video and photo marketplace. Foap helps in connecting you with brands, companies, and earning money with your photos. THey run missions or tasks where you can participate through your images and can get paid if you win.

6. Sell Your Instagram Account

Tired of Instagram? or wants to try something else? Then you can sell your account and start something else to make money online.

Instagram accounts can be get sold for thousands of dollars. The rates are mainly depending on your followers, users' activeness, and niche. There are buyers who are ready to purchase 100K followers Instagram account for $1000 to $2000.

Check out some of the sites below...

TooFame
FameSwape (You can bid there, it means someone wants to sell his account for $100 then you can Bid for $40 or any amount)
SocialTradia
Swapd

Above are some sites where you can buy and sell your Instagram accounts. Must check their transaction fee and selling fee before choosing any one of them.

How much you can make on Instagram?

It is hard to say how much you can make on Instagram, there are celebrities who are making thousands of dollars for each post. Kylie Jenner charges $1,266,000 for each post she publishes and she has around 139M followers.

You can estimate you're earning by analyzing users' activity. The account with the most active and more followers can earn more definitely.

My Bonus Tip: Instagram is the best platform to start making money and there are people who are making thousands of dollars on Instagram. So you can also make money on Instagram. But making money on Instagram needs some time and patience. If you have some money in your hand their I suggest you purchase an Instagram account instead of creating a new one. If you purchase an Instagram account then you will get an established account and it will reduce your hard work.

But remember there are people who are using BOTS to create an Instagram account but they are fake users (BOTS), before buying an account check users activity on the account. And if you don't have money then create a new account and keep posting posts and ask your friends to follow you, use proper hashtags, keep tagging people, ask small influencers to do S4S (share for share).

I hope the "How to Make Money on Instagram" article will help you to make money through Instagram. If you need any help from us then comment here.