5 Amazing Instagram Revenue Sources That Will Boost Your Earnings

Earning money seems very fascinating to everyone. It's a dream for everyone to live a rich entrepreneur life with a well furnished house, expensive cars, and much more. For that you need to earn money as much as you can. 

You may have watched many Youtube videos such as, “How to earn money from social media?”, “What are the top 10 earning tricks through social media”, “How to earn money effortlessly at home?” and so on…

After watching those Youtube videos it seems so easy to earn money but, do you really execute and earn money? 

Don't worry 90% of people just get motivated and do not execute but the remaining 10% are also doing the same with inclusion they are also earning hundreds of dollars from their Instagram accounts by just working on their interests and passion.   

On Instagram, there is a huge opportunity for content creators, artists, businesses, etc. to earn a good income as well.

Here, In this blog we will specifically see how we can earn from Instagram?

Instagram is no doubt a social media platform where you meet your friends and share your interests, experience, and relax yourself.

What can be more good if I say Instagram earns you good bucks if you have a unique creativity, passion to showcase and an audience that trusts you and far reaching influence. 

The above terms aren't a one day deal but how to proceed in earning from Instagram. Go deep down and check it.

 

How to start Instagram Revenue Sources?

 

Before moving to the Instagram revenue sources the first thing is to find out how the start or what are the prerequisites.

Obviously you cannot think of earning money from an Instagram account having a few hundred followers and random posts.

The primary requirement is to grow your Instagram account which has a good amount of followers, perfect profile and your content should be loved by the audience.

Check an example of a less follower base Instagram shop account named SoAestheticShop and the owner of this shop makes a decent income from Instagram.

Justin Wong, owner of this amazing shop is fond of cute Harajuku-style fashion. He meticulously edits all his Instagram posts to make them really attractive. The uniqueness in his business model is he follows the Dropshipping business model. 

In this business model, he never stores any stock of the products he sells. Instead he buys the product from the vendor only after receiving an order from the customer on Instagram and then and there only delivers it to the customer. This helps him cut the cost of having a warehouse, packaging cost, logistics, etc. 

This is only a small part of the large revenue opportunities of Instagram.

Coming to the 5 major Instagram revenue sources:-

 

 

 

1.  Sell your Creativity and Originality

 

What is unique in this vast world?

It is your creativity which can’t be copied and belongs to you to the fullest.

This is the reason why creativity earns the most.

It doesn’t matter which field your creativity belongs to you will always gain popularity and hence great revenue. Instagram is king of visual content and people crave for it. 

Let’s figure out some of the popular creative fields where people are earning good on Instagram:-

1.  Photography

2.  Food blogger

3.  Makeup

4.  Fashion

5.  Art

6.  Meme

7.  Travel blog

The question arises how to earn?

The answer is very simple. 

When you showcase your creativity or skills you build an audience that follows you, admires you and has trust in you.

The major Instagram revenue sources for creators are:-

1.  Sell their creative services like make up service, photography service.

2.  Give shout outs to companies of their domains.

3.  Paid partnership to promote any product.

4.  Creating a brand of their own

 

2.  Affiliate marketing through Instagram shoutouts

 

Affiliate marketing means promoting other company’s products on our social media platforms or websites and then charging a commission for the sale of each product through clickable links.
This is somewhat similar to influencer marketing but here for each order placed due to your Instagram shoutout, you receive some percentage of the selling price of the product.

For this kind of marketing, you just need a huge following on your Instagram account. So that with the persuasion effect on your audience you can push them to take some action on your link. You get paid for each click on the website link of the brand on your Instagram bio and for each product sold. 

If the product is good and you have a relevant and specific audience according to the product then only the sky's the limit. 

Best and the safest part is that if you don't earn much it's fine but you will never lose anything, because you ain't paying for putting stories, posting pics or redirecting traffic to your affiliate links on Instagram.

To start with this best option is to become a member of AMAZON AFFILIATE PROGRAMME where the website owners, bloggers or social media account holders have to promote products of amazon and they get paid for each referral. It is a free of cost programme and you can join for free. 

So the worst that can happen to you is that you end up in a no loss and no profit situation. Otherwise you will earn at least something for sure. 

Some of the best Affiliate networks are-

1.  OfferVault 

2.  Clickbank 

3.  ShareASale 

4.  MaxBounty 

 

3.  Shoutouts for Brands or their products

 

If you have an Instagram account with a large audience that engages well with your posts then you are the king of the shoutouts business.

This is the most genuine and straight forward way of making money on instagram. The main task is to increase your following big enough that brands can pay you money for doing shoutouts and posting their content and products for promotion on your Instagram profile.

 

 

To start with Instagram revenue sources, you need at least a few thousand followers. Let’s look into average revenue generation per post -

 

1.  Accounts with 6000-10000 followers - $90 per post.

2.  Accounts with under 1Lakh followers - $200 per post

3.  Accounts with 1Lakh to 10Lakh followers - $500-$1500 per post.

 

Most of such accounts are paid through incentives rather than a paycheck because of the overwhelming competition in this. 

Once you reach the 1 Million mark there is no one stopping you from earning and charging what you want. These account holders have to work hard to keep engaging their audience and keep entertaining them. It's ok to assume that such people are making a decent living from Instagram. 

When a brand puts money in shoutouts it expects 3 things in return- 

1.  Increase in the number of followers on their instagram page. 

2.  Increase in traffic on their website.

3.  Increase in their sales.

Getting brands to choose you among all accounts for their sponsored ads is not an easy to do job. For this join Influencer Marketing Market Places(link) for the brands to know about your account and about your followings. Some of such markets are- 

1.  Tribe 

2.  Influicity 

3.  HyperBrands 

4.  Revfluence 

5.  Famebit 

6.  Hypetap 

To boost yourself and motivate yourself to do affiliate marketing check the Top 10 affiliate marketers in the world.

 

4.  Handling Instagram Accounts for big brands and celebrities

 

Due to the huge following and busy schedules brands and celebrities are not able to handle their social media accounts, so they have specific people with the job to handle their accounts and keep all of them updated. Most brands hire digital marketing consultants to handle social media handles.

If you are an Instagram expert and have a good knowledge of the Instagram algorithm then you can make a career. It seems easy and it is easy, but it is not like handling your personal account. Every post and its content will be created by you and posted at a particular engaging time. This way is easy but carries many responsibilities as your small mistakes affect brands and celebrities’ reputation.   

 

5.  Influencer Marketing

 

Influencer marketing is the one of the highest Instagram revenue sources in all types of Instagram marketing.

Who is an Influencer?

This is the first and the foremost thing to know before diving into influencer marketing and earning from there.

An influencer is a person who has persuasive skills, a huge follower base and is admired by the society. They are perfectionists in their field and people follow them as their idol.

Your thought process and the way to represent them should affect the audience that forces them to take some sort of action.

You can be an influencer in any niche you are interested in. It can be lifestyle or photography. If you have skill to persuade your audience and the power to influence them then, no one can stop you from generating revenue from Instagram. 

 

 

One great example of such influence is The Tim Ferriss Effect. The CEO and founder of Mizzen+Main Kevin Lavelle asked Tim Ferriss to wear their company clothes and promote them on his podcast. 

Kevin didn't expect that he would run out of their inventory right after this. After this happened Kevin referred to this as the Tim Ferriss effect and said this is the best decision I have taken in my life. 

Today Cristiano Ronaldo is the most followed individual Instagram account followed by almost 228 million people. Among the top 10 most followed individual accounts 3 belongs to the Football Industry which shows love for football in the people's hearts. After the Football industry The Music industry has the largest following lead by Ariana Grande with an overwhelming followers of 193 Million followed by Selena Gomez and Beyonce. 

Influencers earn a lot from Instagram. World's highest paid influencer is Kylie Jenner who is highly inextricably tied with Instagram and the well known Kadarshian Family reality show. For each post she gets almost $1.3 Million. 

It is estimated that for each dollar spent on influencer marketing you are likely to make $5.12 which is more than 5X amplification. 

You can also start with influencer marketing as an Instagram revenue source and once you reach a good number of followers, brands will themself approach you to do marketing for them. When a brand chooses to do influencer marketing it expects many things in return. Their ultimate goal is to increase sales but that happens in stages. It is not a one day process but takes time to develop. 

You can follow all these 5 ways of earning money even if you have just 100 followers on your Instagram account. But, it is obviously true that you cannot get results in your first month or in first year. Just keep learning and executing the things then you will simultaneously get results for all the ways.

You cannot expect results fast, because it also requires 4 years of engineering study to get a decent high salaried package. 

Being patient and strong is always the most important courtesy to earn money from Instagram or from any other platform. 

Which revenue source you find most suitable for you. Comment it down with a link to your Instagram. No surprise that your Instagram revenue sources may start today.

Check out HEXANOVATE’s Instagram profile and find out which revenue source we are targeting