Did you know that the Kardashians earn more than $400,000 for a single sponsored post on Instagram? A significant and dedicated Instagram following can help you monetize it. There is plethora of ways on Instagram with which you can establish new revenue streams. The platform has already proven to be obliging for several social media influencers and e-commerce businesses and it can for you as well. Following are the easiest ways to monetize your Instagram.
- Set up an Online Shop
Instagram is the best way to start an online business. You can start a business with less or no money by creating an online shop on Instagram. It has proven to be successful for several popular e-commerce brands like Women’s best and Brandy Melville.
Showoff your products and skills on Instagram that could attract potential customers for you. You can also use the newly released “buy now” advertising button for ease.
- Sell your Caption Space
Selling the caption space beneath photos is the simplest and most preferred way of monetization. This option allows you to post photos like you normally do while selling the caption space to another account. The sold caption will contain a shout-out to another Instagram account.
- Sell the URL Link Space in your Bio
Like the caption space, you can also sell the URL link space in your bio. You can do this weekly, daily, monthly, or as per your wish.
- Share Quality Images
Bring out the creative you by sharing graphically interesting content that appeals to your followers’ eyes because after all Instagram is and always has been about sharing beautiful pictures. Try to endorse your brand by sharing visually aesthetic photos that will catch customers for you and also generate revenue.
- Grow your following
If you want to make Instagram monetization a regular thing, you will have to grow your following. A prodigious following will land you with plenty of options to generate revenue from. Brands are always looking for social media influencers to partner with. If you have around a100,000 followers, there’s a good chance of finding brands to partner with. You can earn up to $5000 per post made in partnership with a brand.
Conclusion
There you have the easiest ways to make money on Instagram. Just remember to be consistent with your posting schedule or else you’ll lose your valued position on Instagram.
