Which are the Best Monetization Techniques for Instagram?

One thing is for sure.

Instagram is not a platform just for entertainment anymore.

Millions are using it to earn small or hefty incomes on a monthly basis.

If you’ve got a decent following, high engagement, and strong influence, you can convert those likes and comments into dollars.

To attain this, you need to put out high-quality content, be consistent, leverage the right hashtags, interact with your followers, and build valuable relationships with fellow Instagrammers.

Do that, and you too can monetize your Instagram.

Here are five of the most common and effective monetization techniques:

1. Sell Affiliate Products

Affiliate marketing involves promoting a brand’s product or service using custom links or discount codes.

For instance, if you’re a sports influencer, you can promote a pair of sports shoes for a brand. Every time a user purchases those shoes using your link or code, you’ll be given a commission.

For best results, stick to products that fit your niche and interest your audience.

2. Try Product Placement Videos

With the rise of video content, this monetization technique has gained popularity. It involves brands paying Instagrammers to feature their product in their videos.

Since such product placements are often subtle, they seem much more authentic and genuine.

Besides, with Instagram features like IGTV and Reels, product placement videos have even more scope!

3. Push Out Your Own Products

You can also use your Instagram account to market your own brand or product(s). Visually appealing products like art and photography work especially well with Instagram.

However, make sure that the product aligns with your audience.

Ask yourself: is this something they would want to use?

4. Teach What You’re Good At

Create information products like eBooks, workshops, and seminars.

Instagram is a highly useful tool to promote such products.

If the product intersects with your niche on Instagram, this can be a lucrative way to monetize your Instagram followers.

Final Thoughts

Often, Instagrammers lose motivation because they’re unable to grow their accounts.

If this sounds like you, consider using Instagram marketing tools.

These can help you create better content, post more consistently, evaluate the performance of your content, and earn more money.

You can check out the infographic below for more tips on monetizing your Instagram.

-------------------------------------------------------------------------------------------------------------------------------

Infographic Embed code:

<div style="text-align:center"><img alt="How to Monetize Instagram to Earn a Fortune" src="https://cdn.shanebarker.com/wp-content/uploads/2020/03/How-to-Monetize-Instagram-to-Earn-a-Fortune-infographic-768x4432.png" style="max-width: 100%;"/><div style="margin-bottom:5px;margin-top:5px">Image Courtesy: <a target="_blank" href="https://shanebarker.com/blog/monetize-instagram/">ShaneBarker.com</a></div></div>

------------------------------------------------------------------------------------------------------------------------------Author Bio:

Shane Barker is a digital marketing consultant who specializes in influencer marketing, content marketing, and SEO. He is the co-founder of Attrock, a digital marketing agency. He has consulted with Fortune 500 companies, influencers with digital products, and a number of A-List celebrities.

Author Headshot:

https://shanebarker.com/wp-content/uploads/2020/10/shane-author-bio-image.jpeg

Social connects: Twitter, LinkedIn & Instagram