Compared to other social media platforms, Instagram accounts have relatively high engagement levels. Like, an average Facebook or Twitter user has a median engagement rate of only 0.5% - 1.0%; on the other hand, an ordinary Instagram account has an engagement rate of over 3%.
Unlike YouTube, Instagram does not pay its users for posting photos and running ads on their profile. An influencer earns by making deals with brands and products.
Moreover, the brand and the influencer does not have any specific rates; the charges may vary upon different circumstances. Though, it is sure that the influencers get paid.
The influencers' income depends on their high engagement rate as well as the number of genuine followers.
A verified source gave an example of how an influencer gets money as:
If your engagement rate is less than 8% and followers less than 1 K, then, you are expected to receive less payment from brands compared to those influencers who have exceeded the average engagement rates and followers on their profile.
Summing up, there are five primary ways to make money from Instagram:
1. Become An Influencer And Get Paid From The Brands And Companies From Sponsored Posts
Well, Instagram users with lots of genuine followers can earn extra money by creating lots of sponsored posts for brands and companies.
Top influencers like CR7, Kylie Jenner, make thousands of dollars per sponsored and ads post. According to a reliable site Medium, most of the Instagrammers set their charges for a sponsored content at somewhere between $5 to $10 per 1000 official followers.
2. Become An Entrepreneur And Sell Your Own Physical And Virtual Products Through Instagram Business Profile
Indeed, Instagram has been the perfect platform to display your digital as well as physical products.
If you are creative and are full of ideas, Instagram provides you the platform to showcase your talent. If you are good at photography, then this is the right platform that lets you reach potential customers and clients.
Moreover, you can also boost up your income by converting the Instagram Business account and officially becoming a businessperson.
3. Become An Affiliate Marketer
Affiliate Marketing, one of the most popular ways to make money online, commonly signing up with a brand and promoting their products and services for them.
A source claimed that an affiliate marketer makes an average of $10 to $100 per ad post.
4. Display Sponsored Posts On Instagram Page
Found sponsors, then you are ready to become an influencer. You can get quite a reasonable sum of money from your sponsors for their promotions.
In a nutshell, a piece of a sponsored post is like a dollar bill for your bank account.
5. Selling Instagram Account
Tired of using Instagram?
Then, you would be happy to know that you can sell your account if you can no longer want it or manage it.
Trying to sell your account or the fan page account of celebrity managed by you? You might try a few of the best sites that help you to get the deserving sum of your spent time on Instagram.