Many influencers monetize their accounts by publishing and sharing their photos daily on Instagram, Facebook, and other social media accounts.
Today, thanks to their reach and influence, Instagram creators have the opportunity to explore many sources of income. This can range from building an empire to simply earning additional income and free gifts.
Do you have questions about how to monetize your own account; how that works; and how much Instagram pays?
Great! Today we will give you all answers for these questions and you can get started with just a few simple steps.
How many subscribers do I need to have to monetize my account?
It’s not important to have a large audience to start generating income on Instagram. In truth, 10,000 real subscribers with a high engagement rate (likes and comments) is far more important than an account with 200,000 fake followers.
So, try to build a good audience that meets your industry. The higher the level of engagement you audience has, the more brands and companies will be interested in your services.
Here we present to you the 6 golden steps and tips to better generate income from Instagram:
1 – Create an Attractive Account
To do this, your username must be descriptive, and your account should have diverse content. Don’t forget to present relevant information in your biography and choose a theme for your content without forgetting a good description of your content each time you publish!
Overall, try to post content several times a day, read comments, and stay active on Instagram.
2 – Create a Strong Community
The strength of your Instagram account comes from the followers! As such, it’s important to create a strong sense of community. Follow these steps and you’ll be well on your way to creating your very own Insta community:
- Post regularly
- Post quality photos
- Have your own style
- Keep an editorial line
- Post comments on photos of the people you are following
- Answer your followers
- Use Hashtags to get out in search engines
- Try to become an expert in a sector (decoration, cooking, fashion, beauty, etc.) by having specialized content
- Promote your Instagram account on your various social networks
- Organize GIVEAWAYS
3 – Use Affiliate Marketing
Unlike the influencer, whose objective is solely to increase brand awareness, an affiliate is more involved in selling the promoted products in exchange for a commission.
The affiliate usually uses a traceable link or promotional code to track everything.
Today, Instagram gives influencers with more than 10,000 subscribers the opportunity to insert clickable links in their ads where there is a call to action such as Buy, Download, Learn More, etc.
Don’t forget to:
- Respond to your customer’s requests
- Follow the brands you promote on Instagram
- Like and comment on the posts of these brands
- Find an affiliate service like: Clickbank, RewardStyle, Amazon Affiliate Program, Sharesale, Stylinity, etc.
To get started, choose an affiliate service and register online, create an account, then ask to work with a specific brand.
You will earn a commission when users are redirected to this company’s website via your Instagram account.
4 – Sell Your Photos Online or Printed on Objects
Consider selling your photos! Although this option does not apply to all Instagram accounts, anyone with a good camera on their smartphone can take a photo, edit it, and post it on their Instagram account.
You may find someone interested in buying your shots. To do that, try at the same time to:
- Find an application to sell your photos
- Mark your best photos with a watermark
- Post the retouched version of your photo with a price
5 – Instagram Partnership & Collaborations:
If you have a product or service you want to get out into the world, a great way to make money with Instagram is to have a partnership with a social media influencer.
The sponsored posts of influencers, who are increasingly present on Instagram, can take different forms: from a simple photo of the product to be promoted, to instastories, to competitions in collaboration with a brand.
For more information on how to start collaborating with an influencer, see our article about how to create a collaboration with a brand: How to Collaborate with an Influencer on Instagram, Facebook, and Youtube
Please note that in June 2017, Instagram introduced a new feature for more transparency on the advertising character of an influencer’s post: the mention “Paid partnership with…” It informs about the commercial relationship that the influencer has with the brand, since it is illegal not to indicate that the content is sponsored (see Article L121-1 of the Consumer Code, which governs commercial information in particular).
6 – Open Your Own Online Store
You might think that the only way to make money on Instagram is to collaborate with brands. But, why not create your own brand or shop?
By selling your own products, you also don’t need to worry about incorporating messages from other brands into your publishing strategy. Better yet, you could create your own brand when offering your own products for sale.
Above all, the number one tip to remembered is that, on Instagram, there is no money without a strong community!
Have you ever tried to monetize an Instagram account? What type of method did you use? Feel free to tell us in the comments!