Most of us have our Instagram Goals as monetization. The main question is how to monetize your account? Here are some options you might consider for your future monetization plans!
Selling Shout-outs – This is one of the most easiest ways of making money on Instagram. Maintain a highly engaged account with a large number of followers on Instagram. Promoting other pages relevant for your audience will surely earn you a great amout of money.
Content Creation – If you have a good sense of design, you can make some money by creating content for other brands on Instagram. You can use apps like Canva, Photoshop, Illustrator,etc. to improve your design skills and make high quality content.
Dropshipping – Dropshipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers its customer’s orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. Instagram is used as a platform to facilitate dropshipping. Niches as fitness,fashion,jewelry,luxury are very hot niches for dropshipping.
Affiliate Marketing – There are a lot of affiliate programs run via Instagram. You can be a part of these programs and make some affiliate sales to earn commission thereof. If you master the magic of selling and approaching the right audience(target audience) then you can start earning a lot through affiliate marketing.
Selling Products – You can create an online store on Instagram or link your website with your IG profile. This will enable you to increase your sales while simultaneously promoting brand awareness on Instagram.
Courses – After reaching a decent number of followers on your own Instagram profile, you can win your audience’s trust. You can be a mentor to them and teach them how to grow on Instagram via your courses.