Instagram has grown from a simple photo upload app to one of the world’s largest social networks. With 1.221 billion users, Instagram ranks 5th in the Ranking of the largest social networks in January 2021. With this considerable amount, it is not wrong to secure this platform as an additional source of income.

You want to make money on Instagram? Wealth Ideas shows you how to do so!



In this post, we would like to introduce you to top 3 ways you can make money on Instagram. First of all, you don’t need a huge number of followers. For some of the presented opportunities, this is an advantage, but not a must have. So if you’ve been thinking about making money with Instagram for a while, you’ve come to the right place!

With this in mind, we hope you enjoy reading!

1. Become an influencer and create sponsored posts
This is one of the most popular ways to make money on Instagram. Basically, there are only 3 steps you need to do for this:

1. You create a sponsored post
2. You mention the brand you want to promote (in the form of a hashtag, a mention or a link)
3. You get paid for your post


Of course, this is easier said than done. First, you should gain a certain amount of followers for this opportunity. Think about what content you want to deliver and share it on Instagram. The important thing here is: Don’t pretend to be something you are not and be authentic!

Followers follow influencers because they share similar beliefs and can identify with them in some way. The more authentic you are, the more loyal your followers will be and the more effective your outreach will be.

Real followers are the better followers!
Another important element to be able to create sponsored posts is also the authenticity of the followers. So avoid buying fake followers. They may increase the total number, but they won’t earn you more likes. In fact, they can make your goal of becoming an influencer much more difficult.

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Companies choose influencers who fit their needs and whose number of followers is not only large, but also responds to their posts. So if you have 50,000 followers but your average likes per post are only 500, then you look unattractive. For this reason, real, loyal followers are the be-all and end-all for a successful influencer!

Finding the right company…
Now that you’ve gained a certain number of followers, you’re probably asking yourself, “How can I get companies and brands to notice me now?” There are 2 different ways to do this: You can contact companies directly and draw attention to your Instagram profile, or you can register on influencer marketing platforms. An example of this would be reachhero, but here you need at least 2500 followers.

However, you should be critical when selecting companies: Only promote products or services that you are really convinced of! After all, you want to inform your followers about something good.

Know your value
And what about the price? This depends on your profile and your negotiation skills. You need to clearly show your added value to the company. Even if you have fewer followers compared to other influencers, you may be able to score in likes per post and number of comments. For an approximate price range, you can use the Instagram Influence Calculator from ifluenz.

SOURCE: https://www.wealth-ideas.com/top-3-ways-to-make-money-on-instagram/