How to Make Money on Instagram (Whether You Have 1K or 100K Followers)

You’ve probably heard stories ofInstagrammers cashing inon the pictures they snap and share every day. You might’ve even looked at your own sizeable following and thought, “Maybe I can do that too.”

Just like bloggers, YouTubers, and anyone who’s amassed an audience around the content they produce, creators have reach, influence, and theInstagram algorithmfigured out—three things many companies struggle with.

Together, reach and influence offer the opportunity for Instagram creators to explore multiple streams of potential revenue, whether they want tobuild an empireor just earn some extra cash and free stuff. Check our tips onhow to make money onlineto open up more revenue streams online.

How many Instagram followers do you need to make money?

If by now you’re wondering how many followers you need to start bringing in real revenue, the short answer is “not as many as you think.”

The long answer depends on factors that range from:

• What niche you’re in and how easily you can directly tie it to a product category (fashion, food, beauty, and fitness are popular niches, based on topInstagram hashtags)
• How engaged your followers are (100Kfake followers won’t amount to much)
• Which revenue channels you explore

Naturally, the more engaged followers you have, the better. Check out our tips onhow to get more followers on Instagramandwhat to post on Instagramto get more likes and followers.

While top Instagrammersmake thousands of dollarsper post, even those with small-but-engaged followings of 1,000 have the potential to start making money.

How to make money on Instagram in 2020

Depending on your unique brand of Instagram content, your audience, and your level of commitment, you can make money on Instagram in the following ways:

1. Work with brands on sponsored posts
2. Become an affiliate
3. Open your own online store
4. Sell your photos online or on things

The beauty here is that chasing one revenue stream doesn’t necessarily rule out another.

So let’s start with the most common approach to Instagram monetization: partnering with brands as an influencer.

Work with brands on sponsored posts

The term “influencer” gets thrown around a lot these days.

An influencer is basically anyone who’s built themselves an online reputation by doing and sharing awesome things online. To their audiences, influencers are tastemakers, trendsetters, and trusted experts whose opinions about certain subjects are respected.

Many brands just can’t compete with that, so they partner with influencers on sponsored posts that help get the word out about their products.

But it’s not just the size and reach of your Instagram account that brands want—it’s your audience’s trust and engagement with your content.

It can be hard to balance your revenue as an influencer and your integrity as a creator, but if you’re not relying on yourInstagram marketingincome to stay afloat, you always have the freedom to be selective about the brands you work with, just as brands will be selective about the Instagrammers they work with.

How to decide what to charge as an influencer

Typically these influencer deals involve the creation of content—Instagram ads, a post, a video, or a Story—and will sometimes include permission for the brand to use this content on their own site or in an ad.

Most of these deals are negotiable and can involve a single post or an entire campaign in exchange for a fee, a free product, a service, a gift, the promise of exposure, or some combination of these.

Keep in mind when negotiating that you’re not just offering content but access to your audience—a potentially large reach on one of the most popular social platforms around—and usage rights.

In a survey of 5,000 influencers,around 42% said they charged $200 to $400 per post—just to give you an idea of what some brands are willing to pay and how to negotiate based on the cards you’re holding.

Finally, it's important as an influencer to also know your own audience.

什么是你的听众的组成,y是什么our engagement rate (total engagement divided by your number of followers)? You can dig up numbers to back this up in your Instagram Analytics report, if you’ve switched to a business account. This will help you be prepared when it comes time to negotiate.

Want to learn how to grow and monetize your Instagram account? Instagram marketing expert Gretta van Riel shows you how inGrow Your Business with Instagram, a free course at Shopify Academy.

How to find brands to work with

If you’re big enough, chances are brands will find you. But you can also look for brands to work with that are on a similar level in terms of personality and values, so your audience won’t feel like you’re “selling out.”

You can reach out to them directly to try to work out a deal, but you can also list yourself on one of the manyinfluencer marketplacesout there to increase your chances of being discovered, including:

• Fohr。Connect your Instagram, blog, YouTube channel, and other social platforms to create an influencer “card” that shows your different profiles and total reach for brands shopping for a partnership. You can also access a list of brands and their wants, so you can take the initiative to reach out too.
• Grapevine。如果你有5000或更多的追随者,你可以看到t yourself in the Grapevine marketplace for the opportunity to work with like-minded brands.
• Crowdtap。Do small content creation tasks to earn rewards. This is great if you’ve got a smaller audience. Available in the U.S only.
• indaHash。Brands post campaigns you can participate in. Post a picture with the specified hashtags on Instagram and get paid. You need at least 700 engaged followers to be eligible.

The rules vary when it comes to sponsored content, but to be on the safe side and respect your audience’s trust, consider adding a #sponsored hashtag to indicate sponsored posts.

You can find examples of sponsored posts and how Instagrammers integrate brands into their story orcaptionby searching#sponsoredon Instagram, like this one fromHow He Asked, an account that shares wedding proposal stories and partners with a jewelry business:

Instagram also has a“Paid Partnership with” tag突出标识赞助的帖子,some brands might require you to use to disclose your relationship with them.

Become an affiliate

Unlike an influencer, an affiliate is more invested in making sales for the partner brand—not just generating awareness—in exchange for a commission.

This is typically done with a trackable link or unique promo code to ensure clicks actually translate into sales. Since Instagram doesn’t yet allow links anywhere outside of your bio, you can only focus on one product at a time if you choose to rely on affiliate links, making promo codes a better option for Instagram since you can actually incorporate them into your posts.

Note: You can now add links toInstagram Storiesto open up new income opportunities as an influencer.

Consider reaching out to one of the many online merchants offering affiliate programs. Or you can explore popular marketplaces like:

• ClickBank。An affiliate platform with a tier-based commission that’s open to everyone.
• RewardStyle。An invitation-only fashion and lifestyle influencer network that offers 20% commissions.
• Amazon Associates。A popular option that pays out a 10% commission.

Though it sounds like a numbers game, affiliate marketing is also an art, and you’ll have a better chance at success if you have a plan going into it and expand your online presence bycreating a websiteand including other marketing channels.

Tip:Affiliate links can be long and ugly, so I recommend a URL shortener likebit.ly, especially if they're going in yourInstagram bio。

Open your own online store

By now it might sound like the only way for an Instagrammer to make money is to sell out and work with other brands.

But creators of all kinds are in a good position to “sell out” with their own products: physical goods, services, or digital items that can be an extension of their brand, building a business with an audience at its center.

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You need to invest some time upfront, but in today’s world, it’s almost natural for creators to make the leap to entrepreneurship. That’s becoming easier with the growing list ofInstagram toolsavailable to build an audience.

Just look at洛基的Wolfdog, one of the biggest Instagramdog-preneursof his time。

By selling your own stuff, you don’t need to worry about integrating messages from other brands into your posting strategy. Better yet, you can get your own brand out there onthe products you sell。

Fans can show their love and support your work by buying from you—a purchase they can feel good about.

There are a few ways tosell your own merch:

• You can use aprint-on-demand serviceto print and ship your own t-shirts, pillows, coffee mugs, wall art, and more.
• You can sell services such as photography or consulting using your bio to direct interested people to a contact email or a link to your professional website.
• You cansell digital productssuch as courses, ebooks, or design templates.
• You can use your Instagram account to launch a businessselling your own original products, or even a book.

If you plan on selling several items inyour own Shopify store, you can also make purchases through Instagram possible on your website using one of the availableInstagram gallery apps。

Take it a step further with ourshopping on Instagramintegration and add product tags and stickers to your Instagram stories and post so people buy directly from the app. To use it, you’ll also need to switch to an Instagram business account and have a Facebook page and an approved Facebook shop (all of which you can set up for no additional cost).

Sell your photos online or on things

Someone might get famous on Twitter by telling 140-character jokes, but Instagram is a photo-sharing app at its core. Andphotosare assets that can be licensed, printed, and sold in a variety of ways.

If photography is what got you into the Instagram game in the first place, you can list your photos in marketplaces like500pxorTwenty20where brands and publishers might license them.

However, you can alsosell your photosas prints and on other physical products using a similar methods described in the last section. Services likePrintfulandTeelaunchlet you put your photos on posters, phone cases, pillows, and more, taking care of fulfilling orders and customer service, so all you really need to worry about is making sales.

Take the story of Daniel Arnold, who, according toan interview inForbes, went from “eating toast three meals a day,” to making $15,000 in 24 hours by offering to sell prints of his popular-but-controversial photos. If you've already got the demand, all you need to do is take the initiative and offer your audience the opportunity to buy your photography from you.

Getting paid on Instagram and beyond

What started as a hobby—making people laugh, doing silly photoshoots with your dog, or sharing pictures of food—can snowball into the chance to turn Instagram into a source of income fuelled by your engaged following. But why stop there?

There’s a world of possibilities out there for creators to make money on the internet. If you want to open up more revenue streams online, be sure to check out our tips onhow to make money on YouTube。Your Instagram followers are bound to join you on other channels. You just have to open the doors for them to walk through.