How to Make Money on Instagram? 2024 Guide

You must have heard that a lot of people are using Instagram not only to share their photos and videos with others but to earn loads of money. 

These people are cashing in on the pictures and videos they share and this must have provoked a similar thought in your mind. 

So, are you also willing or interested to earn money through Instagram?

Just like bloggers and YouTubers earn money through a vast audience that they share their content with, similarly, Instagrammers earn money through their reach and influence. 

However, having a strong influence and a high reach is extremely important and most people struggle to achieve this.

For Instagram creators, these two things offer the opportunity to create an impact on their audience and explore a wide range of options of earning revenue or some free stuff on the platform.

If you are also struggling to get a high reach on Instagram, you can buy targeted Instagram followers from a credible source to boost the reachability and visibility of your content.

Now, let’s find out how you can earn money on Instagram if you have managed to have a significant number of followers on the platform.

How to Make Money on Instagram?

There are three ways to earn money on Instagram. Let’s explore these in detail and figure out which method could be the best choice for you.

• Become an Influencer

When you work as an influencer on Instagram, you are likely to be approached by brands to post their content on your page and help them to reach your audience.

Currently, there are lakhs of people who are working as influencers on Instagram. These people need a decent follower count and a high engagement rate. 

If you are good at making strangers like your stuff and engage with your content, this strategy will work for you. However, if you struggle to attract people to your page and tap the follow button, you can buy active Instagram likes for your page.

Under this strategy, you don’t need to fulfill a target, you just need to post the sponsored content and get paid in return or earn freebies for the same.

However, do not simply promote any product or service to your followers. Keep in mind that it should be worthy and doesn’t harm or affect anyone in any case. 

For example, while promoting cosmetic products, do not promote the ones that might contain harmful chemicals that can damage the skin of a person upon usage. 

Do not simply promote anything for the sake of money as this will affect your reputation and you might lose the trust of your followers in the long run.

Also Read: How to save Instagram photos? 

• Be an Affiliate Marketer

Being an affiliate marketer on Instagram is more about making sales and less about spreading awareness. 

Under this, you make money only when your real Instagram followers purchase the product. However, you don’t need to worry about producing a product and fulfilling the orders of the customers. 

You are free from the hassle of manufacturing and delivering. To earn money through this strategy, you need to find a way to sell products to people without annoying them. 

Although affiliate marketing is a smart and well-established way to marketing products. But some people associate it with scammers as well. This is a wrong mindset; however, you need to deal with it if you happen to meet people who think the same.

So, as an affiliate marketer on Instagram, you can recommend your favourite clothes, accessories, cosmetics, mascara, pens, and more to your followers. 

You can either provide a link to your audience to buy the product or a promo code with a small discount.

Both the link and promo code will be unique, and when someone uses them to buy the product the merchant will track the sale and the referral bonus for the purchase will be shared with you in your account. 

For every sale, you will earn a fixed percentage of money. Also, as Instagram has launched product tags and Instagram checkout, marketers are not limited to saying “link in bio”. 

Now, as customers find it easier to buy products on Instagram, affiliate marketers may see a boost in their sales.

• Become an Entrepreneur

The third way to make money on Instagram is by actually selling products and services on the platform and diving into the world of e-commerce. 

Instead of using your fame to sell other people’s products and services and earning a mere commission in return, you can sell your own stuff. 

Just like any other platform, you can sell anything on Instagram. The best part is that selling here is free of cost. You don’t need to pay any charges or commission for selling your stuff on your own. 

So, you can sell your most favorite clothing, jewelry, furniture, books, or anything else. Even customized and handmade stuff sellers can expect a huge sale on Instagram. 

You can also offer your services as a consultant on Instagram. For example, if you are a doctor or a physician, you can diagnose your patients and share their advice for treatment.

If you already have a physical store of your business and are selling offline, selling on Instagram will give a boost to your sales and revenue. 

Online shopping is gaining huge importance so turning your audience into customers is a great idea to go ahead with. 

With the rise of e-commerce platforms and the convenience of shopping at the comfort of home, people are developing a greater interest in buying through Instagram or other online platforms. 

Not only this, but the trend is going to get even stronger in the coming years, so don’t miss out on this.

Also Read: How to add a link to your Instagram bio.

5 Important Tips to Earn Money on Instagram

Now, that you know the best three ways to earn money on Instagram, it is a great idea to go through a few tips that will help you to make it big on the platform and work professionally.

Here are the 5 important tips to earn money on Instagram and prompt your high-quality Instagram followers to make the purchase.

Know your Worth

As an influencer, you should be aware of what’s the rate of posting a story on a page with supposing 20,000 followers. 

How much do people charge as a commission for promoting a product?

You need to be aware of the market rates to negotiate better with the brand partners and crack a better deal with them. 

Spy your Competitors

You can use social media listening to stay aware of what your competitors are doing. This will help you to stay updated and learn from their mistakes. 

Also, you will have an idea of the opportunities that your competitors are tapping on for their benefit.

Respond to Customer Enquiries

As per a study by Twitter, 71% of customers expect to have a response within one hour of inquiry on social media. 

So, a quick response to your customer’s inquiries will leave a good impression of your business and will add stars to your customer support service. 

Stay Professional

When you are doing business, it is important to be professional. Your brand partners and customers expect the same. 

As an influencer missing the deadlines or not meeting the commitments and quality standards can hamper your reputation and sales. 

Also, demanding free stuff from other businesses when they aren’t willing to offer could be embarrassing.

Improve your followers Count

If you are an influencer on Instagram, the game is all about the numbers. You will be judged by the followers’ count and the engagement rate that you have. Based on these metrics, brands will collaborate with you for sponsoring their posts. 

So, if you have a huge follower count, you are likely to be paid better because this way you will be able to sponsor the post amongst a huge audience. 

Moreover, if you have a low follower count, the reach of the sponsored post will be low as well, so you are likely to be paid lesser.

However, the problem is that it takes a long time to earn followers on Instagram organically and sometimes you don’t have this much time. 

So, to improve your follower count instantly on Instagram, you can buy real Instagram followers from gpc at an affordable price. This will give you a good start to attract brands to your page and start working as an influencer on Instagram.

However, don’t fall for scammers who offer fake followers and don’t contribute to improving your engagement rate.