With more than 1 billion monthly active accounts, Instagram has become more than a video and photo-sharing platform.
If you want to monetize your Instagram account, you should find a niche that you are passionate about and build a highly-engaged audience.
But, how can you do so?
You should create valuable content that attracts new audiences and encourage user engagement. You need to get your followers to trust you and heed your recommendations.
- Create high-quality content that addresses people’s pain points.
- Leverage the right hashtags to increase your reach.
- Post content regularly and engage with your audience.
- Collaborate with other content creators.
Once you’ve built an engaged following, you can monetize your Instagram account.
There are several ways to do that:
1. Leverage Affiliate Marketing
You can sign up for affiliate programs and choose products and services related to your niche. You can then promote those products and services on your Instagram account along with your affiliate discount code or affiliate link.
When any of your followers will make purchases using your affiliate link or code, you will earn a percentage of the revenue the brand generates.
It is a cost-effective method as you can break down your VoIP cost in a smart way to decrease your customer support team’s budget.
2. Create Sponsored Posts and Shoutouts
You can find brands in your niche that partner with influencers to promote their products and services. You can partner with them to spread the word about their products and services with creative sponsored posts.
You need to promote brands in an authentic, non-promotional way so that your followers trust those brands.
3. Advertise Your Products
Do you have products that you would like to sell?
You can use your Instagram account to promote your own products. However, you need to ensure that the products are relevant to your niche and your audience is likely to be interested in buying them. With the help of the best video editing tools you can create professional videos easily that boost engagement.
Want to learn about other ways to monetize your Instagram account?
Check out the infographic below, first published on ShaneBarker.com, to get more information.