Top 5 Tips to Monetize your Instagram Account

If you already have an Instagram account, there’s no better time to start making money from the account than now. If you don’t have an account, there’s no better time to have one than now if you want to make money on Instagram. With more and more people taking their businesses online daily and many more people looking for alternative sources to earn income, monetizing your Instagram account is quite an attractive and profitable way to earn income on Instagram. This has directly opened the way for influencer marketing. Presently, on social media, and particularly on Instagram, influencers help businesses of all sizes to reach their target customer audience. They help showcase the most recent products, test numerous marketing hypotheses, and boost sales and loyalty for businesses. Instagram is one of the most popular social platforms out there ranking fourth behind Facebook, Twitter and LinkedIn. It boasts of over 1.5 billion visitors monthly. Now, that’s one huge market out there on Instagram and a great place to earn money by creative content creators and influencers. However, before you decide to embark on content creation and marketing on Instagram, please pay close attention to Instagram monetization requirements and community guidelines so as to avoid penalties and even outright ban if you fall foul of the rules.

 
Here are top five tips on how to monetize your Instagram account and earn money on it.

Live-Streaming Broadcasting

One great place to make money on Instagram is the live-streaming market. Instagram live streaming broadcasting allows content creators to talk to and be seen by their audience in real time. You can help product merchants advertise their products/services on your live streams. If the content you are broadcasting has a large number of listeners, you earn good money from products merchants if you run ads for them. This is one viable monetization technique on Instagram you can earn good money from.

Collaborating with Brands

One other way to earn on Instagram is by collaborating with various brands to promote their products/services. Even if a brand wants to conduct a fresh product launch or re-animate an existing one, you can help the brand to highlight the product’s features by providing an honest review. The brand may choose to pay you commissions or even gift you a sample of the product to enable you try it out yourself. Through your Instagram account, you can in addition help brands to engage in brand awareness, promotional and educational campaigns and so on. These are all aimed to spread the word about the brand’s great products and its mission. Among the other vast areas you can collaborate with brands and earn income are writing posts tagging the brand’s official account in your feed, creating a Story with a clickable CTA (call-to-action) button, shooting a short Reel video depicting a product’s peculiarities, or by simply putting a link with all the details in your Instagram bio and so on.

Instagram Reels Ads

You can also earn money on Instagram Reels. Reels are highly-engaging, short-form video clips which allow users to explore concise visual content based on their AI-derived interests in an endless loop. You can monetize your Instagram videos if you are granted an invitation to enroll in the Reels Play Bonus program. This program rewards you if your reel performs consistently well, the volume of reels you upload is considerable and if you accept a prompt to create a special reel dedicated to a certain special event. Doing these, you stand to benefit a great deal from income shared periodically from ads shown on creators’ reels.

Instagram Subscriptions
 
You can earn income from Instagram Subscriptions services too. In this service, for a predetermined monthly fee, subscribers get faster availability of new content, access to exclusive content, and some other perks and benefits. This special service is what attracts the fees subscribers pay. In addition, users can also contribute to their favorite blogger’s earnings and they get a chance to receive a shout-out for doing so. This allows content creators to not only monetize their Instagram posts, but to also set up a stable recurring income flow.

Instagram Affiliate Marketing

Another way to earn income on Instagram is through its in-house e-commerce shop. Instagram e-commerce shop provides sellers with a built-in funnel. This funnel now removes the need for customers to leave the app to continue shopping. This development has made it really convenient for about 50% of Instagram users who now shop directly on the platform. For content creators therefore, this shop translates to yet another earning opportunity by way of affiliate marketing. When content creators through the content they create manage to attract shoppers to this shop, they earn a commission on each unit the shop sells with their help. Usually, the commission payout takes place within one to three months after a sale is sealed.

Wrapping Up

Instagram is quite a young and rapidly developing social media platform and its popularity is phenomenal as well. Therefore, aside the foregoing ways to earn income on the platform, many more ways could be coming on stream going forward. There are already in-house signals to this effect.