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Have you made money off your Instagram account yet? From today’s Live in my Facebook group 80% answered “No.” I would like to say I’m surprised, but I don’t think everyone knows there are so many options out there to monetize even if you are considered a “micro-influencer.”
Partner With Brands
This one can be because of emails, dm’s (be on the lookout for red flags though), or from sites that I’ll mention in the “affiliate” bit.
There are two ways of doing this or a combination of-
Paid, posts in exchange for posts. Here’s a good post by Hootsuite for a general pricing guide. You can also charge without posting, just for creating content for the business.
Product, posting in exchange for product. I don’t do this one as often as time is money, but if it is a product you would buy or standby, why not?
Affiliate Links
This is when you make sales with your custom links/promo codes. IG also rolled out a tag a product way of doing affiliate sales through your post sales.
You can find some affiliates that complement your niche through sites like ShareASale and Influence.co. I have an affiliate to things like Amazon, Canva, and Flodesk. Why not get paid for things you use, love, and would recommend anyhow?
*These Last 3 are all strictly from Instagram*
Instagram Badges
Make sure to check your settings and “enable badges” and then make sure your audience knows they can tip you! Works exactly the same as on Tiktok with “gifts.” Your audience pays IG your “tip” and IG pays you. In the past they used to take a small fee, but I had read that IG won’t be taking fees until 2023.
Reels Monetization
Once again, check your IG settings. It will tell you there if you are eligible for monetization. IG will pay you for your reels views. I know it’s true because I get it. Not a lot, but it’s something.
Setup IG Shopping
Once upon a time you had to be selling just physical products, which is great for small businesses and makers, but I believe IG will also be rolling out a way to sell services as well soon, if not already. From what I heard, it is really easy to set up your product sales if you are already using Shopify.
Instagram Subscriptions
Ok, this one I’m still not a fan of, here’s my small rant, but it still just feels like a cash grab. Like IG got jealous and is copying formats of Only Fans and subscription sites, to just sell the exclusivity of your IG close friends circle. But hey, only time will tell.
What do you think? What avenue is speaking to you? And are you ready to take that dive and make some money? If not reach out to me! I’m ready to cheer you on or give you that little last push…let’s make you some money!
