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How to Make Thousands of Dollars Using Instagram

Updated on June 19, 2020
Kinya lydah profile image

she is an enthusiastic character who loves writing, reading and meeting new people. ~why try tomorrow when you can do it today?~

Are you an Instagram fanatic? Well, I have good news for you can earn as much of thousands of dollars from Instagram. And even if you despise scrolling through Instagram for hours then the good news is, you can still make some extra cash from Instagram. According to statistics there are approximately 500 million users on Instagram everyday and if you maximize this opportunity then making money online will be simpler than you thought.

Each day, Instagram enthusiasts are unraveling new ways to make money using the platform and this article will explain in detail some of the ways that they are using

Become an Influencer

An influencer is an Instagram user that has established credibility as well as an audience, they have a high number of followers and can persuade their audience by the virtue of their trustworthiness and authenticity.

To become an influencer, you need to build a reputation through post as well as gain the trust of your audience. It is also important for an influencer to understand their audience so that they can know the brand that will interest their followers the most. Instagram Analytic report can come in handy when trying to understand your followers.

Having built a remarkable online presence, brands will automatically reach out to you to for deals or you can as well reach out to them through their websites and Instagram pages to strike deals with them. Another way that you can use is listing yourself on an influencers’ market place to increase your chances of being noticed by different brands.

As an influencer mainly earns cash through the use of sponsored posts for different brands. On average, an Influencer with followers less than 10,000 can make on average of $88.0 per post, those with followers below 100,000 make an average of $200.0 per post. Influencers with more than 100,000 followers can earn $700 - $900 while those with more than half a million followers can make more than $2000 per post. This numbers however, vary among different accounts as well as brands.

It is also o note that as an Influencer, loosing trust with your audience or followers is the last thing that you want, therefore for any sponsored post, it is important for you to tag it as sponsored [#sponsored].

Become an affiliate.

Basically, as an affiliate you sell products from different brands using Instagram and make money by earning commissions of items that are sold. As an affiliate your biggest goal is to make sales but you should avoid being pushy in the process.

To do this you will need a traceable link or code of the item that you are selling that ensures that the clicks are converted into sales. Some brands will not pay you for the clicks but rather the items sold successfully therefore, as an affiliate you will aim for the successful sales rather than the clicks.

It is also advisable for you as an affiliate to create a landing page to the affiliate link because one can only have a single link on their Instagram bio. This way, you can tell your viewers to check your Instagram bio for the link to the product post. Also remember to create an engaging post this way it will generate more traffic and hence increase the chances for clicks that can lead to sales.

As an affiliate, you have the room to grow your online presence by having a website or other social media platforms that will be vital for your growth.

Selling your own products.

You can use your Instagram page as an advertisement for your brand or products. Rather than promoting products from other brands and earning a commission as it is the case for an affiliate, you promote you can promote you own products.

However, in this case, you will need to have a storage unit – can be an extra room in your house, as well as a means of delivery. Additionally, you can promote your store and as for delivery you can opt to give out the directions to your store.

Other than selling your products online, this will also create awareness to your brand without incurring additional advertisement costs.

Dropshipping products

In contrary to the method above, dropshipping does not require a storage unit or a delivery method because the products are shipped straight from the supplier. When a purchase is made on a product that you had previously promoted, the product will then be delivered by the supplier.

What this means is that your business does not require keeping stock but rather it sells the product and the sales order are passed on to the supplier who then ships the order to the client.

To create a successful dropshipping business, there are a number of things that you need to take into consideration;

  • Select a niche.
  • Secure a supplier.
  • Build an e-commerce website for your business.
  • Undertake a thorough research on your competition.
  • Analyze and optimize.

It is worth noting that dropshipping is still a highly profitable business today if only you use the right platforms for your promotion and pick a niche that suits you the best.

conclusion

with the growing numbers of Instagram users each day, it is possible for you too to make some extra cash using the same platform. One of the ways discussed above could be your strong point and a door way to extra income. You too can also create your own space in the industry and make a few thousands dollars if only you utilize the different ways explained by this article.

remember to leave a comment below telling me if the article was helpful or not and which way works best for you!

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    • Kinya lydah profile imageAUTHOR

      Author 

      13 months ago from Juja

      @Isivwe Muobo. It Takes time but I believe you will get there

    • Isivwe Muobo profile image

      Farrah Young 

      13 months ago from Lagos, Nigeria

      I would love to become an influencer, tried a few times without much success.

      Just wish there was an easy way to achieve this.

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