5 Ways to Use Instagram Followers to Make Money

Instagram is one of the fastest-growing social media platforms and it has now become a hub for marketers to promote their business. With nearly one billion active users, the platform is full of potential customers. 

That’s why it has become essential for every business to have a robust Instagram following. You just need to have the perfect marketing strategy to excel on this platform. You can even buy Instagram followers and have a higher following ultimately building brand credibility. Growthoid reviewed some tools you can check to understand IG follower’s hacks.

The platform not only helps businesses to advertise their product and services but also make money using Instagram followers. Yes, that’s correct! You just need to learn some smart tactics to make money on Instagram. 

In this piece of content, we are going to cover the:

top 5 ways to use Instagram followers to make money

1. Earn With Sponsored Posts
2. Become an Affiliate Marketer
3. Set up an Instagram Shop
4. Drive Traffic to Your Website
5. Sell Marketing Services on Instagram

Let’s jump in!

• Earn With Sponsored Posts

Instagram is a platform full of brands and influencers helping each other to grow. Influencer marketing is one of the best tools that help brands and businesses to flourish on this competitive platform. Brands hire influencers to increase their product’s reach and catch potential customers.

With a decent Instagram following, you can attract even the big brands to work with you. Just keep your engagement rate high and make your profile optimized to earn extra money by publishing sponsored posts. 

You can also work with influencer agencies that will help you to connect with relevant brands or you can even become a brand ambassador. You can make hundreds of dollars for one sponsored post. To reach this point you need to know the right ways to increase your Instagram likes.  

• Become an Affiliate Marketer

Affiliate marketing is yet another tool to make money on Instagram by encouraging followers to buy products from other brands. Affiliate marketers use links and codes in their Instagram posts or bios that redirect their followers to the promoted product. 

When a follower purchases something using the affiliate link or referral codes, marketers earn a commission with every purchase. There are various high-paying affiliate networks like Skimlinks, CJ Affiliate, ShareASale, and many more that help influencers to connect with different brands and earn extra income. Some of the big brands like Flipkart, Amazon, eBay run their own affiliate marketing programs. 

Affiliate marketing is just the perfect way to use your Instagram followers and make money. Just add a clickable link to your Instagram profile and start earning right away. 

• Set up an Instagram Shop 

With Instagram shopping, you can sell your customized products on Instagram. If you already have a commodity then you simply have to set up an Instagram shop and start spreading the word about your brand. 

The best thing about Instagram shopping is that you can sell your products directly to your target audience. Moreover, Instagram charges no commission from sales generated from Instagram shops. You just have to tag products in your Instagram posts and these tags will redirect your followers to the product pages. 

If you are just a content creator then also you can customize products. For instance, you can print your logos on different products like mugs, t-shirts, caps and sell them to your fans. You can also offer various digital products like eBooks, photos, videos on your Instagram shop and expand your earnings. 

• Drive Traffic to Your Website

If you have a huge following on Instagram then why not take this traffic of potential customers to your website. Instagram is a very important element of your marketing strategy and helps users to catch target traffic for their business. 

The first thing you need to do is add your website in your bio and encourage your followers to visit your website by adding CTA buttons. This will help you increase brand awareness leading to more traffic on your website which will ultimately boost up your conversion rate over time. 

More website visits mean more chances of increased sales. You can also attract new customers by offering various discounts on the purchase from your website. Add these discount offers to your Instagram posts and use your Instagram followers to generate more sales on your website. 

• Sell Marketing Services on Instagram

Now that you have a solid Instagram profile with a large number of followers and high engagement rates, you can offer marketing services or courses to earn extra bucks. Your expertise in Instagram marketing can benefit others if you teach them how to make the most out of their Instagram accounts and emerge as a robust brand or influencer. 

There is no denying the fact that Instagram is a highly competitive platform and that is why emerging brands need marketing guidance if they want to stand out from the crowd of millions. 

Selling marketing services can help you grasp opportunities to make money on Instagram. With your own Instagram success story and experience, you can provide some of the finest tips and tricks to the people who purchase your services. 

Instagram is full of opportunities to make money. You just need to employ the right strategies and techniques to create various channels of revenue. We hope that the tips outlined above will help you to effectively monetize your Instagram account. 

Just keep in mind that earning money from Instagram won’t happen overnight. It’s a long way ahead, you need to put all your time and efforts to build a successful revenue stream. Use these 5 ways and convert your Instagram into a revenue-generating machine.