Instagram is one of the most popular apps in the world. According to statistics, there are over 2 billion monthly active users on Instagram.
It is up there with TikTok as the most downloaded app in the world.
If you’re wondering how to make money on Instagram, there are several ways to do so.
Let’s dive in.
How to make money on Instagram
To make money on Instagram, there are a few different things you can do.
You can become an influencer, sell products or services, or promote affiliate products.
Becoming an influencer is one of the most popular ways to make money on Instagram. To be an influencer, you need to have a large following on the platform.
Once you have built up your follower base, you can start working with brands that will pay you to promote their products or services.
The main way influencers make money is through sponsorships.
Secondarily, they sell their own products or services.
Sell products or services
Selling products or services is another way to make money on Instagram. If you have a product or service that you think would be of interest to your followers, you can promote it on your page.
You can also use Instagram to drive traffic to your website or online store.
Affiliate marketing is another way to make money on Instagram. This involves promoting products from other brands and earning a commission on each sale that you generate.
To be successful with affiliate marketing, you need to choose products that are relevant to your audience and promote them in an engaging way.
Some fun Instagram statistics:
- 17.9% of global IG users are men between ages 18-24
- 59% of Instagram users log in daily
- Average engagement rate per post is 0.98%
- More than half of global Instagram users are aged 34 years or younger
- The largest age group is 18-34 years old, consisting of 62.2% of all users
- Carousel posts have the highest engagement rate per impression
- 91% of active IG users watch videos weekly
- Tuesday is the best day to post on Instagram
- 50% of Instagram users visit a website after seeing it in Stories
- Average IG CPC is $1.23
- 93% of marketers plan to use Instagram for influencer marketing
- 90% of Instagram users follow a brand
- 70% of shoppers look to Instagram for their next purchase
- 75% of brand posts are single images
How to Make Money on Instagram – FAQs
How many followers do you need on Instagram to make money?
While there is no set number of followers, you will need a following to be able to make money on Instagram.
You will not be able to make money on Instagram with no followers, as there would be no one to monetize.
How much can you make on Instagram?
The amount you can make on Instagram will depend on how many followers you have and the method you are using to make money.
Can you really make money on Instagram?
Yes, you can absolutely make money on Instagram!
There are several different ways to do so, as we’ve outlined above.
How to make money on Instagram with 5,000 followers (1,000 followers)(10,000 followers)?
There are a few different ways you can make money on Instagram with 5000 followers.
You could become an influencer and work with brands, sell products or services, or promote affiliate products.
The best way to make money on Instagram is to find a method that works best for you and your following.
How to make money on Instagram without having many followers?
If this is the case, you should focus on building your following first so you have an engaged audience.
You can tell if you have an engaged audience once they start commenting on your pictures.
Can you get paid to like Instagram photos?
By itself, you cannot get paid to like Instagram photos. That is not how the platform works.
When you like a photo on Instagram, it is simply an indication that you appreciate the content.
If there are services or people paying you to like photos, it is likely very low as there is little value in a like.
How to make money on Instagram without showing your face?
If people seeing your face is not central to your Instagram – i.e., your feed is more about a location, nature, an activity, a certain product or service, and so on – then you can make money on Instagram.
There are lots of popular Instagram accounts that have a large following and make money without showing their faces.
As you can see, there are several ways to make money on Instagram.
If you’re creative and have a large following, you can start generating income from the platform.