Instagram is now a business platform which can be used by business owners such as mini importers and dropshipping eCommerce business owners. It is a social media platform which was first intended for sharing of photos. And I’m sure most people visit Instagram today to catch fun, laugh, get emotional and watch other people’s lives.
There are these questions that keep on bothering most of us, which is: Can I make money on Instagram? How do people make money on Instagram? and other related question. While most people don’t bother thinking about the data they consumed and how much they could be making daily from Instagram.
Today, In this article, we’ll discuss the tactics that you can carry out immediately in order to start making money from Instagram this 2020.
This days, there are so many ways you can make money online and making money from Instagram is one of them. It does not require you having any professional skills to get started. But before we proceed, let me quickly share with you few things that matters a lot if you really want to make money on Instagram.
The number of followers you have: Having followers is one thing that you should consider. Although it depends on what you are promoting. If you have thousands of followers following you because you do talk about fashion products, a day you would be selling more of your products. So you can start promoting fashion products since your followers know you of that.
Although you can also run Instagram ads. It will grow your handle and sell your products if you don’t have enough followers.
Your post reach: The number of people in average that see your posts really matters a lot. How engaging is your account? You can boast this by the use of hashtags and running ads.
People’s trust for you: Before you can start any business and make money online, the first thing you should do is to build a brand. People should trust you so that your services can be patronized by them. If you are an authority in your niche, you will get a lot of people who can trust you knowing fully well that you can’t scam them nor run away with their money.
After seeing what is required from you to get started with making money on Instagram, the next thing is how to start making money.
How To Make Money on Instagram
1. Selling Your own Products
You can make money on Instagram selling any physical product that you own or purchase from suppliers. This eCommerce business requires some capital to stock some products.
You can create a business account for free, post your products and reach out to an unlimited audience. If you are not reaching enough audience, you can make use of hashtags and as well promote your products.
You can also make money on Instagram selling other people’s products. It is a business that you can use to run your store. All you have to do is to advertise the product as yours, when you make a sale, your supplier will ship the products from their storehouse straight to your customer.
This works similar to the previous listed point on how to sell your products on Instagram. With dropshiping, you don’t have to worry about storing or shipping your products. Your supplier will do all of that for you.
3. Become an Affiliate
If you don’t want to go into dropshipping business or start selling your own products, then you can become an affiliate by promoting other peoples products, refer people to buy the product and start making money. A lot of people are making money on Instagram through this means.
As an affiliate, you earn your commission through a traceable link to ensure that any clicks from your link are converted to sales. You can create engaging posts, promote the products and start making money.
4. Become an Influencer
With your influencer status, you can make money from sponsored post by proposing to brands to help promote them in your posts.
An influencer is someone who has built reputation by sharing and doing things online. Credit: ng.oberlo
5. Selling Your Services
You can sell your services on Instagram and make money. If you are a graphics designer, you can make good attractive pictures and videos and actually get a lot of clients from this social network. I know of a friend who is a fashion designer. He is making good sales and more money from his business on Instagram. All he does is to make clothes for people, take photos with them and post it on this wall. As far as he designs beautiful clothes, he attract more buyers and keep making more money. There are a lot of untapped opportunities online that you can venture in. You can actually make a living offering one or two services.
After reading this post, which of the above method do you prefer to start making money on Instagram? Do well to share your thoughts on the comment section below. Don’t forget to share this post to your friends!