Instagram is a popular place to share pictures with friends and like-minded people. But did you know that you can make money on instagram? In fact, with enough followers, you may even find yourself making an upwards of $600 for each post you make. So how do you do it?

Let’s find out.

Preparing for monetization

Before you’re ready to monetize your Instagram page, there are a few things you should do to prepare.

1. Post interesting content.

The first thing you want to do is make sure that you’re posting good content that people want to see. Filling your page with selfies of you sipping iced coffee may be fun, but it isn’t going to draw many people in, especially if there’s no context or content to go with it. A lot of successful Instagram accounts have a specific purpose, such as fitness or fashion.

2. Build your follower list

If you want to monetize your Instagram page, you need to have followers. One way to grow your list is by using hashtags. Sites such as hashtagify.me allow users to see information on a given hashtag to see just how popular it is. Don’t choose tags that are so overly used that your post will get lost in a crowd, or so obscure that no one is following them. Try and strike a good balance.

3. Engage with your followers

Not only is it important to have followers– it’s important to have engaged followers. Ask questions in your posts to elicit responses. And don’t forget that you can post videos on Instagram, as well. Videos are a great way for your followers to see your personality and to engage with them on a deeper level.

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Becoming successful on Instagram is more achievable than you might imagine. It merely requires a small dose of patience and thoughtful preparation. It is essential to understand the inner workings of Instagram and cultivate the right mindset in order to thrive on the platform.

How to make money on Instagram

Once you’ve put some work into your page, it’s time to monetize.

1. Become an influencer

An influencer is someone that viewers regard as a trusted source for knowledge and opinions. Simply put, they influence people to do things, think things, or buy things. Becoming an influencer opens up the door to doing sponsored posts on Instagram. If a company recognizes that your followers will trust your recommendation, they may even approach you to recommend something. You can also seek out companies by finding products that go well with your blog’s niche.

2. Affiliate marketing

With affiliate marketing, users post a link to a product. When readers click through the link and/or buy the recommended product, the user receives a commission. With Instagram, links are banned in posts, so many find that they have better luck with posting promo codes. Amazon Associates is one popular program, as is ClickBank.

3. eCommerce

If you are open to creating a product, you could open up an eCommerce store and showcase your products on Instagram. This is useful if you already have a product to sell, such as a book or artwork. There are also websites that allow you to create your own shirts and other items, which you could then sell.

>> One Million Followers, Updated Edition

Every day, more than 60 billion messages are exchanged on digital platforms, but only a small number manage to stand out in the fierce competition for consumer attention.

Consequently, individuals or organizations seeking widespread visibility for their impactful content, business, or brand, as well as those aiming to engage with global audiences, must now focus not on whether to utilize social media, but rather on the most effective strategies for leveraging the various available platforms.

Parting thoughts

Instagram isn’t just for selfies anymore. Many people have monetized their accounts with great success. The steps listed here are just a few ways in which you can start to make your account profitable.