Top 3 Ways to Make Money on Instagram in 2021 [Pro Tips]

Instagram has come a long way from being a cool photo-sharing app to turning into a serious platform for all businesses to promote and sell ...

Instagram has come a long way from being a cool photo-sharing app to turning into a serious platform for all businesses to promote and sell from. With over one billion users and awesome features, Instagram has become the number one platform for anyone trying to make money online.

If you, too, are considering tapping into Instagram’s infinite pool of possibilities, our guide to making money on Instagram will help you learn how to make a nice income. So, without further ado, let’s break down how to monetize Instagram in 2020 and beyond.

Top 3 Ways to Make Money on Instagram in 2021 [Pro Tips]

1. Earn Money on Instagram as an Influencer

When they think of monetizing Instagram, most people immediately think of influencer product posts and ads. Indeed, this is the most popular means of making money on Instagram.

If you’re great at visual content, have a knack for a specific popular niche, and have a solid following, then an influencer path might be just for you.

However, it’s important to emphasize that to be successful as an influencer; you have to be able to actually influence people. A large number of them. And this doesn’t just reflect in the number of followers, but rather in the number of people willing to engage with your posts and purchase the products you promote.

So, if you think you got all it takes, start working on spreading your influence.

● Pick a niche and stick to it. Decide on one specific area you’re most knowledgeable in, and start posting about it. 

● Be helpful before you can start monetizing it. Think of the value factor you can provide to your audience because this is the only way to grow and build credibility.

● Post often. This is pretty self-explanatory. To stay relevant and build a name for yourself, you need to be out there. Plus, the unpredictable Instagram algorithm will love you.

● Reach out to brands. Sure, as your audience and influence grow, some of the brands you want to work with will reach out to you first. This type of collab most often includes an IG post or a Story, but there are also various other formats like Instagram giveaways or IG takeover. Yet, you don’t have to sit and wait. Be proactive about it and pitch to brands you find most relevant. Tell them something about yourself and your audience, and explain why you think you’re the perfect match.

2. Make Money on Instagram as an Affiliate Marketer

The affiliate model is somewhat similar to the influencer in the sense that you have to be niche-oriented and have some level of influence. The major difference between the two models is that an affiliate makes money through sales’ commission, while an influencer’s job is more to promote the brand and the product, and they get paid for the post.

The point is to create quality content and place the affiliate link to the product. You are making money each time someone makes a purchase using your unique link or code.

The trick to becoming a successful affiliate Instagrammer is to work on your engagement rates. And the way to go about this is none other than creating top-notch posts. Quality and engaging posts targeting your ideal audience will get you places as an affiliate.

It’s also super important to think beyond Instagram and develop other social media channels and increase your chances.

3. Earn Money by Selling Your Own Products on Instagram

We see this as a common trajectory for many successful influencers. Many of them have started small, and as their influence grew, so did their entrepreneurial spirit, which resulted in a new line of products created by our favorite Instagram stars.

Even if you don’t start as an influencer, you can successfully sell your own products through Instagram. Especially now with a ton of new features streamlining the shopping experience on the platform.

The key here is the product itself. Make sure there’s a market for what you are trying to sell, and you’ve done half the work already.

The rest has to do with your Instagram promotion skills. And these include amazing product photos, killer content to drive awareness, and a ton of promotion through ads, influencer campaigns, and partner business shoutouts.