How to Make Money on Instagram

Many individuals dream of earning thousands of dollars each month on Instagram. While this can happen, lucrative Instagram careers generally take time and require interactive, plentiful followers. Strategic marketing, partnerships with brands, offered services, etc are some ways in which people can earn income from the use of their Instagram pages, according to Shopify

Each month, there are 800 million users who use Instagram; each day, there are 500 million people who use the platform. Furthermore, there are over 30 million businesses which advertise their products and services. The frequency of user engagement continues to surge with every passing year. With that being said, there is an abundance of business opportunities on Instagram; knowing how to go about these opportunities and being aware of the associated requirements is what truly makes the difference.

Establish an Active, Sizeable Base of Followers

Reports from The Cut state that brands on Instagram are highly unlikely to do business with users who have less than 5,000 followers. This is largely due to the fact that brands want to advertise their products or services to large audiences which henceforth increases their likelihood of obtaining sales and subsequent profits.

Now, there are some people who may attempt to solve the problem of having too few followers by simply going online and purchasing additional followers; there are countless sites which make this option possible. Nevertheless, buying Instagram followers is unlikely to put one on the path of monetizing their Instagram page.

This is due to the fact that brands keep track of rates of engagement. Engagement rates pertain to the number of comments, likes, and saves which users regularly receive on posted content. Needless to say, purchased followers are unlikely to engage with users’ posts, unlike legitimate ones.

Advertise Your Own Business

While a variety of Instagram users rely on paid partnerships with various brands, this is not the only way of earning a profit on the platform. People who currently have their own businesses and enterprises are more than welcome to promote their own products/services, create special offers, etc. The is no one exact way to promote a business, however; each individual will have to discover which strategies work best for them.

Give it Time

Despite the plethora of Instagram, money-making opportunities, they do not happen overnight. A considerable amount of groundwork is absolutely imperative, as is patience. Unfortunately, there are individuals who simply want what they want when they want it. Hence, waiting and building are not their fortes. Therefore, the failure to allow time to work its magic will subsequently throw a serious wrench in the path of eager users who desire a lucrative Instagram career.

A Final Word

Individuals who decide to pursue an Instagram career are strongly advised to have other sources of income, especially during the very beginning stages. Gathering a strong, active followership usually takes weeks, months, or even years. There are several stories of Instagram stars earning thousands of dollars each month, but that almost always comes after a hefty sum of groundwork, patience, and consistency.

 

Authored by Gabrielle Renee Seunagal

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