how to make money on Instagram

How To Make Money On Instagram 2020: Step By Step Guide

In this article, I’m going to share with you a step-by-step process for making money on Instagram. Why Instagram? Because it’s an amazing opportunity for businesses. There’re 800 million active users on Instagram, out of which a massive 80% follow a business on Instagram. And the best part? And 30% of Instagram active users have purchased a product that they first discovered while scrolling on Instagram. Okay, so how can you join the fun and make money on Instagram too? Well, there are 5 main methods for how to make money on Instagram.

How To Make Money On Instagram

1. Become An Influencer Yourself

This can take time. But if your patient, savvy, and can build an authoritative personal brand on Instagram, other businesses will pay you to promote their products and there are so many examples on Instagram who are making a living from this new and dynamic medium from Instagram.

2. Create And Sell Your Digital Products

For example, try selling online courses, ebooks, and design templates, and many more. This can be a great money-making tactic, but you do need to create these products before you can sell them.

3. Create And Sell Your Physical Products

If you’ve already designed, patented, and manufactured a product, Instagram is a great channel for marketing it. But this is only for more serious e-commerce entrepreneurs. You have to design the product, patent it, have it manufactured, manage the storage, and handle shipping them out. That’s why this method is great for more experienced e-commerce entrepreneurs.

4. Become An Affiliate And Make Money On Instagram

Now, this method is relatively easy, and faster, to get going. Because there are plenty of sites online that will connect you to other businesses willing to pay you to sell their products. But, the downside is that you’re not in control of the offers you’re promoting.

5. Start A Dropshipping Business

This is the method we recommend. Especially if you’re just starting, and want to create a successful, sustainable business where you’re in control.
But, what is dropshipping?

Dropshipping is where you sell physical products. But, you don’t need to order any products upfront, store the products yourself, or even ship them out to customers. All this is taken care of for you. What you have to do, is create a store, add some products, and market your products on Instagram. Then, when a customer submits an order, your supplier will charge you the cost of the product, and ship it to the customer — and you get to keep the profit. Dropshipping is an incredible opportunity for new entrepreneurs. Why Firstly, you’re in control of your business. And secondly, you don’t need a lot of money to get started. Also, with apps like Shopify and Oberlo, it’s easy to get a profitable business up and running quickly and easily.

So, How Can You Use Dropshipping To Make Money On Instagram?

Well, there are three main ways to promote your products on Instagram:
  • Grow organically on Instagram.
  • Make money on Instagram using ads.
  • Partner with Instagram influencers.

to promote your store. All of these are great ways to make money on Instagram. But before we get into each of them, you need to create a dropshipping store and set up your Instagram account.

Grow Organically on Instagram
Top 8 tips to grow organically on Instagram:
  1. Make sure the content you share is high in quality.
  2. Share lots of different content to find out what works best for you.
  3. Don’t spam people with your offers.
  4. Post photos that feature faces.
  5. Don’t forget Instagram Stories.
  6. Repost content from other accounts.
  7. Use plenty of hashtags.
  8. Engage with your community often.
Make Money on Instagram Using Ads
There are now over 1 million advertisers on Instagram — and for good reason. Instagram ads are a great way to promote your products to the people most likely to buy them. To get started with Instagram ads, you need to set up a Facebook ad account. And there are 3 key steps to creating a killer Instagram ad.
  1. Select your target audience.
  2. Create a compelling offer and write your ad.
  3. Choose your picture or video.
Partner with Instagram Influencers

Instagram is the place for Influencers. So much so, that almost 80% of influencers prefer Instagram for brand collaborations over any other channel. And remember, influencers aren’t just celebrities or famous YouTubers. Anyone with a reasonably large following can be an Influencer. So, although Kim Kardashian might be a little too pricey for your first campaign, you should be able to partner with a micro-influencer in your niche. Micro-influencers with 2,000 to 100,000 followers charge, on average, between $137 and $258 per Instagram post. This might be a lot of money when you’re first starting. But, if you do your homework and find the right Influencer, it can be worth every cent.

Conclusion

And, although there are tons of ways to make money on Instagram, dropshipping is an awesome business model that you can get up and running quickly and easily. Do you have any questions about drop shipping, or how to make money on Instagram? Let me know in the comments below, and I’ll reply with my thoughts!

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