Paytm Payment Gateway: 5 Ways to Make Money on Instagram

In the world of social media, are you a producer or a consumer of content? As a consumer, social media can take up a lot of your time. But what happens if you step into the realm of producer or creator?

Instagram is a social media platform that can be used to promote any type of business. But what most people don't realise is that talking about your product or service on Instagram is more than just posting a picture with a caption. Yes, your photos and videos are great and should be shared, but there are many other ways you can promote yourself and your business through Instagram. This can include articles, how-to guides, or other information that can be used as a lead attraction tool.

Now, let's take a look at how to make money online through Instagram. But before we dive into that, let's find out how much money you can make on Instagram.

How much money do you make on Instagram?

You might be surprised to know that while superstars earn astronomical Instagram earnings per post, influencers with fewer followers are not far behind in their earnings. According to a recent study, influencers with around two million followers can earn around Rs 49,725 per content post.

For content creators who want to know how to make money online, with more than 80,000 followers, they can easily earn around Rs 14,843 per post. creators with 10,000 (or more) followers can earn Rs 6,531 per post.

How many active followers do you need to make money?

"What if I only have 1,000 followers?" Don't worry! If you're thinking, "Can I make money on Instagram with just 1,000 followers," the answer is yes! While the number of followers does matter, what's even more important is high engagement. If 10,000 people are following you, but only 1,000 are active, it doesn't mean much. Engagement is crucial; you want to have followers who will like, share and comment on your posts.

How to make money with Instagram?

Here are the top five opportunities for those keen to make money through Instagram:

1. Brand collaboration

According to recent data shared by Global Statistics, Instagram is the fastest growing social media platform in India. But the world of Instagram is much more than just sharing your pictures and videos. You can get brand partnerships that entail sharing products or services offered by specific brands. Brands will compensate you for promoting their products.

2. Creators' Fund

Facebook recently said that by the end of 2022, they plan to invest over $1 billion in initiatives that allow content creators to earn money through their work. The Creator Fund is one of those initiatives; it allows you to earn money through IGTV adverts, Instagram Live badges and bonuses.

Instagram TV (IGTV) is a great platform where you can cash in on your videos through ads. You earn 55% in ad revenue from each IGTV view. Live badges are the equivalent of virtual "tips" that viewers provide to creators during a live broadcast.

Bonuses provide you with monetary rewards when you reach certain milestones as an Instagram creator. Some of the bonus scheme milestones include completing a certain number of live streams, signing up for IGTV adverts or making a certain number of Instagram Reels.

3. Instagram online shop

If you have a business, then it's time to open an online shop on Instagram. Similar to an e-commerce platform, the Instagram shop is entirely within the app. Its slogan "Post, Tag, Sell" describes how it works. After setting up your shop, provide product descriptions, prices, and photos. Users can find your products and buy them directly from the Instagram app.

4. Drive traffic to your website

The more viewers, the more sales! The more Instagram users view your content, the more likely they are to purchase items from your website. That's why you must use Instagram to indirectly drive traffic to your website and earn more revenue online.

5. Provision of marketing services

If you have experience marketing, writing captions or creating content on Instagram, then you may qualify as an independent Instagram creator. By advising other businesses on their Instagram marketing strategies, you can make a significant amount of money.

summaries

At the end of the day, Instagram is about people and businesses, especially new businesses that are just starting to make a name for themselves on Instagram. So for every new creator or business owner asking "when can we make money on Instagram", remember that you need to build a community to drive sales and engagement. So to see your business grow on Instagram, focus on boosting your account and building your brand. Once you're happy with the status quo, it's time to start using Instagram as a marketing platform.

common problems

How many followers do I need to start making money on Instagram? You can make money on Instagram with 1,000 active followers. However, ideally, you should have around 5,000 real followers to cash in. What's the easiest way to help you make money on Instagram? Making money on Instagram is easier if your followers engage with your content. For this, you need to create authentic, high-quality content. Can you make money on Instagram without creating videos? Videos get the most engagement on Instagram, but you can also post images, upload informative rotations, etc. Just remember that your images and posts need to be of high quality and engaging.