A question I get asked frequently is, “How do I make money on Instagram”? It is actually a lot simpler than you may imagine. Keep in mind, there isn’t only one way to monetize off of Instagram.
Have a lot of followers on Instagram, you could make money being an influencer in your niche. A very common way to make money this way is by doing paid features on your account, depending on the size following you can charge anywhere from $25 to $500+.
This one goes hand in hand with influencer marketing. Affiliate marketing is reselling someone else’s product and receiving a commission from the sale. For example, I am an affiliate of Grammarly and if someone downloads the free Chrome extension, then I get $.20 and if someone purchases a plan with them I get upwards of $20.00. This is a great way to earn passive income.
Instagram now has a products option to which you can sell your products directly on Instagram. Remember, you don’t have to have hundreds of thousands of followers to monetize on Instagram, you have to be trusted. I started seeing money from Instagram with under 1000 followers.