Instagram, what was just a photo-sharing app at first has become one of the top platforms in the social media market in less than seven years.
In the last two years, Instagram user base has became doubled in quantity with 700 million users. Since the launch of Instagram stories in AUGUST 2016, it has exploded in popularity.
With the advent of its popularity, Instagram is not just used for photo sharing nowadays. Now you can make money on Instagram.
Instagram is a huge e-commerce force, unlike a number of other social media platforms. While initially it was designed for photo sharing only, it is now a huge business platform, which anyone can use easily, including e-commerce business owners.
After reading all this, you might be thinking how do people make money on a social media platform like Instagram. How does selling products differ on Instagram?
here is a list of five simple techniques which you can utilize to make money on Instagram.
In general, they’re at least five businesses:
1. Actively get in touch with the brands you like and wish to work with.
While a lot of businesses openly reach out to different promoters for help promoting their services and products, bloggers can also reach out to companies or brands that connect Instagram influencers with the brands.
There is huge competition in the application process of becoming a brand influencer. So you have been warned. A company usually go through more than fifty to sixty application per brand campaign, and they select only one out of all these applications.
2. Become an affiliate.
You can sell other people’s products VIA Instagram and receive a commission on each sale made by your affiliate link. A lot of brands utilize affiliate programs to promote and sell their products. There’re a lot of people that earn money from Instagram this way.
There are the difference in influencer and affiliate. An affiliate mainly focuses on the sales for the partnering brand in exchange for a cut in each unit of sale made. On the other hand, the influencer is primarily aiming to promote the brand and increase its awareness.
Affiliates earn money through a trackable link or a promo code provided by the partnering company, and they get money on each sale made by clicking on the link or using the promo code.
Write good, engaging posts; promote your product without being too pushy, an excellent, engaging post will help you to do that. You can only put one link in the bio of your profile, and you might wish to contain a landing page to your affiliate link. In each of your posts, you can just add a caption that this product can be purchased via the link in the bio of the profile.
In the beginning affiliate marketing might look like a tough task, but if you plan on growing then this technique of earning money has a lot of expansion possibilities.
You can increase your presence by including other social media channels or/and a website or marketing.
3. Sell poster photos and other virtual products.
instagram is full of visual content. All the photogenic visual products sell well on the platform like Instagram. If you are an artist, then you can sell your paintings, drawings, videos, animation, poster photos, and any other video or image-based products. In each one of your post refer your viewers/readers to go to the link in your bio.
If you believe that the pictures you capture are off high quality, which is worth getting paid for then, there is a chance that someone might offer you money for the pictures you post. But do not limit yourself only to photography, check out every other possibility that can improve the quality of your pictures like composition and editing. Always try to be original when you are trying to sell any visual content. Use all the relevant hashtags to promote your portfolio.
4. Sell your physical products.
You can quickly sell any physical product that you produce yourself, or you can purchase it from any supplier. This type of e-commerce retailing requires stocking up some inventory that means you will need some startup capital to spend to stock the products.
And it requires storage where you can keep all of your products, such as an empty room in your home or a rented place.
5. Sell dropshipped products.
Drop shipping is a type of business in which you won’t need n inventory to run the business. Once you took the order, your supplier will ship the products from their warehouse to the delivery address. In this model you do not need to worry about the packaging, storing or shipping your products. This works the same as selling your products, but in this, you won’t need a storage place.