Instagram has around 180 million users in India, and this number has been growing at a steady rate in India. So naturally, many users are looking for new ways to make money from Instagram in India.
In July 2020, Instagram rolled out Reels in India, after TikTok was banned in the country. Instagram Reels is now available in 50+ countries. Reels have also started featuring full-screen advertisements that can last up to 30 seconds.
India is a data-first market, with around 70-80% of all data in the country being video. Instagram is betting on IGTV and Reels to take on YouTube and other platforms. With YouTube launching a $100 million shorts fund, Instagram is also preparing its own.
According to Instagram Business, 60% of people use this platform to search for new products. 80% of them follow at least one brand. 200 million accounts view a business profile every day.
Like Google and Facebook, Instagram is a place where potential customers are every single day.
If you want to learn how to make money with Instagram, you need the right business model.
How much can you earn from Instagram?
If you’ve established yourself as a creator on Instagram, there are several ways you can monetize your presence.
Instagram allows you to make money with the help of IGTV ads, branded content, badges, shopping, and affiliate marketing. But creators can also earn through sponsored content, fan membership, licensing the content they produce, and becoming consultants.
It is difficult to tell the exact revenue that a creator earns. Still, the figures below show how much money some of the most popular Instagrammers make per sponsored post.
Most micro-influencers who have 5-10k followers earn an average of ₹6,531 per post. Creators with 50,000 to 80,000 followers typically charge around ₹14,843 per post and as you move up to leader creators, 250,000 to 500,000 followers charge around ₹49,725 per post.
But it’s important to note that statistics change depending on the location and type of your content. Additionally, creators earn money from a variety of sources, including advertising, partnerships, fan memberships; Therefore it is difficult to accurately estimate a manufacturer’s earnings.
How to make money on Instagram?
There is a definite possibility of making big money on Instagram. After all, Cristiano Ronaldo is paid more than $2.3 million for every post. However, not everyone has the reach and following as strong as the footballer. Hence, your earnings from Instagram will depend on multiple factors like the number of followers, engagement, reputation, etc.
1. Becoming a Social Media Influencer
Let me tell you that you can earn money from Instagram by becoming an Influencer. If you have a high number of followers and your engagement rate is good then you can become an Influencer. The more followers you have on Instagram, the more companies will contact you for branding, which will increase your earnings every month.
2. Promoting Affiliate Link
You can also earn good money by promoting affiliate links. If people like the service or brand you promote, then you can also earn through affiliate links. This work is done through promo code.
3. Instagram Shopping Page
Let me tell you that you can also earn money by creating an E Commerce account on your Instagram account. Through this, you can promote your business and earn good income every month. Through this, if the customer likes your product, then he will order your product online, which will increase your income.
4. By Promoting The Brand
When you gain a good amount of traffic on your Instagram or grow on any one niche, then many companies select your Instagram channel to promote their brand and in return they give you good money for this promotion. Let’s give.
For example, if your account is related to health and you have a large number of followers, then big brands will be asked for promotion, for this you can charge good money from them.
5.By promoting someone else’s account
You must have often seen that those who have good traffic are earning good money every month. The higher the number of followers on your Instagram, the more you can earn money by promoting other people’s accounts.
You must have seen that many popular accounts on Instagram ask you to follow other accounts, do they do all this for free… No, they do not do all this for free. For this they charge a good amount of money. Similarly, you can earn good money by promoting others accounts also.