Is there a way to make money on Instagram with only 1,000 followers? Or can you even make money on Instagram with 500 followers? When do you start monetizing Instagram?
We will delve into all these issues in this article to get you on the right path to monetize Instagram.
A big misconception is that you need a lot of followers to make money on Instagram. You can definitely make money on Instagram with 500, 1000, 3000 followers.
You don’t need to wait until you have the so-called magical number of 10k followers to use the swipe up feature.
Let’s talk about 11 smart ways to make money on Instagram, even if you only have 1,000 followers or fewer.
Some of them may be very obvious to you, but some of them may surprise you.
7 Ways to Make Money On Instagram
1. Affiliate Links
You may already know this, but you can easily monetize Instagram using affiliate links.
In order to use affiliate links, you must join the affiliate network.
After joining the network, you can place affiliate links to different products on Instagram.
This way of working is that whenever someone clicks on your affiliate link and makes a purchase, you will get a commission from that sale.
Here are a few places where you can use affiliate links on Instagram:
- In your Instagram story: You can mention the products you like, if you don’t have the swipe up feature yet, you can send them to the link in your profile. Or, if you do have the swipe up feature, just add affiliate links to swipe up. Make sure to always disclose when referring to affiliate links.
- In your dynamic post: If you mention affiliate products in your post, make sure to direct your followers to the link in the bio so that they can click on the affiliate link there.
Revenue from affiliate links may be small at the beginning, but it will increase over time. Your commission also depends on the type of product you recommend. However, if done correctly and consistently, affiliate marketing can be a great way to monetize Instagram.
2. Drive Traffic To Affiliate Post
Another way to monetize through affiliate marketing is to drive traffic from your Instagram to an affiliate blog post or YouTube video, for example.
So instead of placing a direct affiliate link to a product on your Instagram, you will make people interested to find out more about your blog post or YouTube video.
Make it enticing and give people a reason why they should click over to that post and what they are getting out of it.
Always think about providing value to your reader through your content.
When they do go to your affiliate post, make sure it is a thorough guide, a review, or a comparison type of post, so that you can help them make an informed decision before buying that product through your affiliate link.
This is likely to have a higher conversion rate than just a simple Instagram post because people are getting more information about the product before they actually make a purchase.
3. Sponsored Posts
Sponsored posts are one of the most popular ways to make money on Instagram, and almost every influential person uses them to monetize their Instagram account.
You might think that you need thousands of followers to get sponsored posts on Instagram, but this is not the case. Even if you have fewer followers, you can definitely start charging for Instagram posts, as long as your content is valuable and of good quality.
Starting with a gifted activity may be a good place for you to build a portfolio and some confidence. But I strongly recommend that you start charging for your posts because creating content is a time-consuming task. You really should profit from it.
4. Brand Deals For Content Only
This is a way of monetization that few people know about. In fact, you can conduct two types of brand transactions:
- One of them is what we discussed before, you can almost sell your influence on the platform. This is a traditional influencer sponsored post where you can create content for your brand and post it on your feed so that your audience can see and participate in the post. For such sponsored works, brands are looking for brand awareness and conversion rates.
- The second one you might not know is brand deals that are used only for content creation. This means that you create content (aka photos, videos, scrolls, etc.) and send it to brands for their use in marketing, but you don’t have to post it to your own Instagram account.
This type of brand transaction is perfect for small Instagram users who don’t yet have a large following.
You basically use your Instagram account as a combination of photos and editing skills that you have, and you only need to sell the photos/content to the brand so that they can use the content in their online marketing campaigns.
This is how I started monetizing Instagram when I was small and even today, because you don’t need to have a large number of followers for this kind of activity. For starters, this is an excellent way to start monetizing.
The way you find such brand deals is by connecting you with the brand through influencer apps, or by selling yourself directly to the brand.
5. Sell A Physical Product
Another way to monetize Instagram is to sell physical products.
This requires you to do more active work, but as a small creator, this is a great way to monetize your account.
Then, you will use Instagram to showcase your products, bring them more visibility and bring more sales to your store.
You can do this by using Instagram, especially the current scroll because this is a great way to attract more audiences to your product.
6. Sell A Digital Product
One of my favorite ways to monetize an Instagram account is to sell digital products.
The reason why I prefer this method to the physical product method is because it is a much more passive job.
You basically create your product once. Publish it on your website or any platform you sell. Then sell it over and over again, except for maintenance and customer service, you don’t need to do a lot of work.
There is also a lot of work to be done in creating and setting up everything for the digital product, but the workload is much less after the launch.
You can also find digital products sold in almost any niche market. For example: You can sell fitness cheat sheets, exercise plans, meal plan kits, children’s activity e-books, exercise books, guides, schedules, etc.
7. Sell A Niche Service
Another way you can start making money on Instagram with a small amount of attention is to sell your services in your niche market.
For example, you can provide your services as a coach, consultant, designer, website developer, content writer, photo editor, logo creator, etc.
Anything that can help anyone who wants to outsource a certain kind of project in their business.
For this, you need to have a website, because it is the best way for people to learn more about the services you provide, and it allows you to create a portfolio of previous clients that you have worked with.
Recommendations and feedback in this type of business are most helpful in acquiring new customers.
It may sound daunting at first, but even if you’re just a beginner, this is a great way to monetize Instagram.