Instagram is well-known as a social media platform for sharing photos and videos. With more than one billion active monthly users, Instagram’s visual platform is a great place for brands and influencers to grow their audience. Lately, the success of influencer marketing has many people wondering how to make money on Instagram. 

If you want to learn how to become a paid Instagram influencer and potentially make millions on Instagram, it will take dedication and focus. Popular Instagram influencers do not reach one million followers overnight. Keep reading to learn our Top 3 Ways to Make Money on Instagram in 2020.

1. Sell Ad Space on Your IG Feed

Do you already have an established community on Instagram, with followers that actually listen & connect with you? If yes, you’re sitting on top of a potential gold mine.

Having a community of people that listen and take advice from you is extremely powerful. Marketers everywhere are looking precisely for these small communities in order to promote their brand or business. You can think of your Instagram Account Feed as a digital billboard with thousands of eyes on it daily interacting with it. Marketers will pay top dollar to have you promote or advertise their brand to your community.

You can sell Shoutouts on Instagram Stories, Promo Post on your Account Feed, review videos for your IGTV series and so much more! If you have an active community, then making money on Instagram will be a piece of cake!

2. Market Your Products/Services

make money on instagram

If you already have an online store, include a link to your website in your Instagram bio. There should be a clear call to action highlighting the link, so users know exactly where to go to make a purchase.

make money on instagram

You can also link to products or services through Instagram Stories, directing traffic to your online store. By attaching the product sticker or placing a direct product swipe up link in your IG Story, you can start turning every IG Story View into a potential lead.

make money on Instagram

Last but not least, you can even create a full immersive store on your Instagram account feed. Thanks to the most recent updates to the Instagram Explore Page Algorithm, Instagram accounts can attach their Facebook Shop to their Instagram Account.

For users who want to start their own business through Instagram but haven’t launched yet, there are considerable resources to sell products through the social media platform. Design print-on-demand merch, set up an Etsy shop, sell digital ebooks or online courses, offer photography services or graphic design services, and so much more. Consider your talents and passion, then align your business offerings with what you love most. Instagram then becomes your place to shine and show off your skills. 

3. Become an affiliate marketer

For people uninterested in creating and selling their own products or services, there are plenty of other ways to make money on Insta. Joining the world of affiliate marketing focuses more on sales and less on brand awareness.

Are you wondering how to get paid for Instagram? Affiliate marketers earn money anytime their followers purchase products that they advertise or share

Affiliate marketing through Instagram offers a passive income because you are not responsible for creating products, providing services, or fulfilling orders. When someone makes a purchase from your affiliate link or code, you get paid.

Of course, there is some work involved in becoming a successful Instagram affiliate marketer. You need to effectively promote products that your audience needs and not just random products to make a quick dollar.

Pro Tip: Ad Fatigue is the process of over promoting products, offers, or services to a group of people to the point that they become desensitized to any product or service. Remember to give your audience a break from promotions time to time.

But how can you ensure your followers will actually buy what you recommend? For starters, you can get to know your audience and their interests through engagement on Instagram. Instead of just posting products 24/7, ask questions, respond to comments, and learn what your audience wants to see and buy. 

When people ask how to make money on Instagram, they often have no idea where to start. If you are interested in affiliate marketing, you can reach out to brands directly and join affiliate networks. Once you have grown your audience and created a history of engagement on Instagram, you have something valuable to offer brands. 

4. Growth Management

make money on Instagram

Have you been able to establish yourself as a powerful Instagram influencer? Do you know how to manipulate the Explore Page Algorithm to grow your account extremely fast & effectively? Well, Instagram users & brands all around the world will pay for you to grow their account!

When it comes to being the best at Instagram, no one holds more talent than the self-started Instagram Influencers. These are people that had no fame or influence, to begin with. But through hard work & determination have established themselves as powerful Instagram Influencers.

Instagram users everywhere are trying to grow as fast as possible and they will pay anyone to help them fast track their way to Instagram fame. If you’re trying to figure out how to make money on Instagram becoming a social growth manager for client is an extremely hot field right now! Use your talents to grow your income.

Wrap Up

We have just covered some of our best methods on how to make money on Instagram. There are so many opportunities on Instagram to make money. All you need is an active audience and a service/product to sell.

For many Instagram Influencers nowadays their feeds act as digital billboards that bring in endless passive income. Try using some the the methods we described above to make your first Instagram dollar.

Have some methods you would like to share, make sure to drop them in the comment section down below!

Growing on Instagram within 24H (Even if you don't quite know what to post)