How to Earn Money On Instagram in 2020

Saima Nadeem

Do you want to earn money on Instagram?

Yes. It’s possible and in this post I will show you how to earn money on Instagram using 5 main ways.

An average Instagram influencer makes between $100 and $1000 per post. That’s a big number, isn’t it?

But now, why would one pay an Instagram influencer such amounts?

Most Instagram influencers share their outfits and makeup looks, fitness routines, cooking tutorials, and show their accessories. Yes, all the cool stuff. In other words, they have found their niches and have built a loyal audience that looks up to them for industry advice.

And before you ask, yes. Anyone can become an influencer. Thus, anyone can make money on Instagram.

But hang on a moment, making money on Instagram is not as easy, as it seems. It requires a lot of hard work with the right amount of dedication and talent. If you are interested to know how to earn money through it, just stay with me. I’m going to show you proven ways to make money online.

These ways are listed below. One of them might work for you so, let’s get started:

how to earn money on instagram

Become a brand ambassador on Instagram

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If an influencer has a trusted audience that is in thousands, then brands hire influencers to promote their products regularly. This is a brand ambassador job and those influencers get paid on a regular basis. But making money this way is not that easy. You need to have a loyal audience, and this is something that takes time to build.

As a brand ambassador, you get paid to post on your timeline or IG stories. You can either charge per post or a fixed monthly rate. There are thousands of influencers online and standing out is difficult. Be creative, get more Instagram likes, set goals, and introduce innovative ideas. If you know the trick, you can win the game.

Become an Influencer on Instagram

Instagram is a platform where influencers share their photos, recommend a product and services to their audience. This is what is often referred to as Instagram influencer marketing.

You can start making money on Instagram by choosing a niche and building an audience around that. There are many options available out there so choose the one according to your talent. These niches include:

  • Fashion influencer
  • Travel influencer
  • Motherhood and parenting blogger
  • Food blogger
  • Health and nutrition influencer
  • Fitness Experts Influencer

There are two main ways on Instagram to earn money online as an influencer. These are:

Affiliate Marketing

Influencers earn a commission when they sell any product from another brand on Instagram. For example, if you are promoting Sephora products, you share a link on your Instagram and when someone buys from your link, you get a little share of that sale.

This is achievable if you have a trusted audience. Influencers are making thousands of dollars monthly by affiliate marketing.

Having said that, always keep in mind that every affiliate program has different policies. Some affiliates take months to pay so this is a very time taking thing but it pays well. Always read their policies and details thoroughly.

Make money from sponsored posts

Sponsorships are entirely different from Affiliate marketing and you get paid instantly. For example, you are approached by a brand to make a video for their product and in return, they will pay you a flat fee. The main thing you have to do is to recommend it to your followers and you can achieve it if your followers trust you.

Sponsored posts are ideal for those who can think of creative ways to sell something and have built a niched audience. The more followers trust you, the more products you sell, and eventually more brand sponsorships you get.

This is one of the highly paying job on Instagram and payments vary from 100$ to 1000$. It is one of the easiest ways to earn money but it all depends on your creative juices. Influencers love sponsorships more because it is easy and requires less effort.

Be sure to only promote brands and products that auger well with the needs of your audience

Sell your digital Services on Instagram

Many people are expert in writing content, social media handling, photography, copywriting, graphic designing and other freelance services. Instagram is a visual journal and this is what sells there; an art. If you are an expert in any form of art or set of skills, why waste it?

You can advertise your services via Instagram. Many agencies and brands are always on a lookout for such services and you can earn money through it. Isn’t it a nice way to showcase your skills to the right audience? It is also a popular way of earning money through Instagram.

Sell your own photos on Instagram

 Instagram is an ideal place for high-resolution photos and if you are an expert in this, why not advertise this art? You can use this platform for selling good quality photos online.

If you have a high-quality camera or a good smartphone and love clicking photos, you can earn money by selling the photos to other bloggers on Instagram. There are many bloggers out there who are good at creating content but fail to click a decent photo. Sell your art to those bloggers, entrepreneurs, agencies, or anyone who likes it and get paid for it. They will get what they want and you will be able to sell your art. Win-win situation!

Create your online store

Are you among the ones who can make home-based products such as skin care products, home-cooked food, children’s clothing, etc.?

The options are endless when it comes to Instagram marketing. Just make a business page, add a link to your bio, add few pictures of your skills, and show it to the world. Showcase your skills by creating a guest post on other blogger’s social media channels.

Share the ongoing process stories with your audience to keep them in touch with you. In this way, more and more people will be able to know about your product. 

how to earn money on instagram

Final words

So, these are the most common ways to make money on Instagram. But before you think of making money, make sure you have an Instagram business or creator account and you know how to take high quality photos.

Having an audience that trusts you is also important. It’s all about photos and an active audience on Instagram.

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