3 Tips To Monetize Your Instagram Account

Using social media as active or passive income is the easiest and quickest way people have monetized their favorite pastime. With Instagram’s continuous growth as the second largest platform, users seek multiple ways to cash in their engagement and followers.

Brands see this opportunity to utilize self-made Influencers and expand their brand awareness. Product placement via Influencers ensures their brands are seen by unique users across the globe.

So how does it get done?

A popular method is through sponsored posts. According to a Tomoson study, brands can expect to see $6.50 in revenue for every $1 spent on influencer marketing. How does this translate into content currency for users? Harper’s Bazaar recently estimated that Influencers with hundreds of thousands of followers can expect to earn between $500-$5,000 per post.

However, consistency is key.

For Instagrammers who post daily with 15-percent of those posts sponsored, earnings can generate upwards of $100,000 within a twelve-month period.

Let’s say you don’t want to necessarily pitch to brands but monetize in other ways? Here are three tips to help stack your cash:

License your photos

Images on Instagram that gain the most impressions and engagement are visually strong. Ones that are raw, gritty, and don’t appear contrived gain an easy profit. With the uproar over stock photos, brands are beginning to appreciate visual storytelling.

Because of this, several new marketplaces have launched to match brands with semi-pro photographers. Of the most reputable is Foap. They have a flat free price structure of $10 per image and it’s quite easy to navigate. All users have to do is install the app and upload the images they want to make available.

 

Create custom products to sell

Are you a t-shirts fiend and have an idea your IG community would love?

Companies like ViralStyle make it easy to create and sell t-shirts in three simple steps. Create the product, connect all social media accounts and email marketing platforms, promote through those channels and watch the sales flow in. Automation is key, so set the campaign to run for a limited time to create a sense of urgency and exclusivity. The system takes care of the upsetting, retargeting, and advertising across platforms.

ViralStyle prints unlimited shirts on demand and ships them directly to the customer with no order minimums.

 

Cash out and move on

So everyone may not be the greatest at keeping up with their Instagram account. Between the algorithms, posting schedules, creating content, and the pressure to have perfect image, it can be taxing on a user. A resolve is to develop the account and leave it behind. A quick way to monetize to the sell the ownership of the Instagram feed and other social presences. A platform that does this ViralAccounts.

Ownership transfer is completely doable according to Instagram’s terms of service. If you have a large following and want to move on to another idea, this is best way to get a flat fee for building your following upfront.

What’s next…

Although the media industry is finally hopping on the bandwagon of visual engagement, many users of have built their tribes and communities using Instagram for years. Whether as vehicle to promote your non-Instagram business or to simple connect with people, determining when to monetize will reveal itself in time. Regardless, the demand for Instagram influence are out there and continue to flourish.

To expand your brand awareness send an email to hello@crowd.agency or visit CROWD.

 

 
 
MONEYBritt Hogenhuis