You don’t need hundreds of thousands of followers to make money on Instagram. According to influencers with 10,000 followers or less are getting the best results for businesses. So if you’ve ever thought, maybe I can do that too. You probably can. Whether you want to represent your
own brand or a partner’s brand, today’s Topic is all about how you can make money on instagram.
Hey, I’m Dheeraj Mehra and I’m a creative strategist. Instagram strategy is my thing. I’ve helped over a hundred small businesses grow and monetize their Instagram account. So in today I’m going to be dropping some knowledge.
Let’s get started.
- I’ll be answering five of the most commonly asked questions.
- How many followers do you need in order to make money on Instagram?
- How much do influencers actually make?
- What are the best ways that you can start making money on Instagram?
- How do you know what to charge as an influencer? And how do you start making partnerships with brands?
- How many followers do you need in order to start making money on Instagram? Well, it’s not as many as you would think.
Here are some ballpark figures.
According to a recent study, micro influencers or accounts with 10,000 or less followers will make around $88 per post, mid tier influencers or accounts. With 10,000 to a hundred thousand followers will charge around $200 per post, top level influencers or influencers with a hundred thousand to a million followers can charge around $670 per post.
However, they can charge a lot more. When you get to this level, the numbers tend to vary. The reason that these numbers
are not set in stone is because there are a few factors that come into play. The niche that you’re in will define it, how much competition you’ll be up against and how much money you could potentially make. Some very profitable, but also very competitive niches are fitness, beauty, health, business and travel. If you’re not trying to compete, you can always dominate a very, very niche corner of Instagram.
So for example, Nicole McLaughlin, remixes clothing, and turns them into art pieces and she has close
to half a million followers. How much money you charge will depend on how engaged your followers are. The reason for this is
because brands want to see a return on investment. So if you have a hundred thousand fake followers, you won’t be able to provide
any real value for brands. Keep in mind that it’s not only the size and reach of your Instagram account that brands want. It’s also your audiences
trust and engagement with your content as well. This is because you provide access to a niche audience filled with potential customers. And this is something that brands need and are willing to pay for.
Now, let’s take a look at how, how much money you can actually make.
Like in any industry and any job, there’s a range of what you can actually make. In my experience, there are
no hard fast rules, but you’re probably looking for a hard number. So I can at least say this
marketers are willing to pay 1 cent per follower. So let’s say you have 5,000 followers, you could potentially charge $50 per post.
You can work with brands on sponsored posts. You can become an affiliate. You can open your own online
store, or you can do all of these things at once. So let’s start with the most common approach. You could charge brands, a
fee for sponsored content on your feed or your stories.
profitable charge a Pay per click rate where you receive payment for every customer that
you convert to a brand’s website. Do not undervalue yourself, just because you have a small following. Micro influencers there’s are on the rise because of their authenticity and their return on investment. A mobile marketer study showed that influencers with 1 to 5,000 followers have more than two times the engagement in comparison to influencers with 10,000 followers. So keep in mind that small can be mighty.
How to Increase Followers on Instagram?
This is very intresting topic because everyone wants to know that how to make followers on instagram.
So the first tip that I have for you is something that I used in order to fast track my Instagram growth and allowed me to surpass the 10K mark
- Optimize your Instagram account back to back.
- Keep maintain consistency.
- Schedule your Instagram posts or Reels in advance.
- Avoid fake Instagram followers.
- Don’t use third party application to increase followers.
- Post content which your audience/followers want.
- Be active and also connected with your followers.
- Find hashtags related to your Instagram niche.
- Use of reels is Compulsory.
What is Instagram Reels?
Instagram reels is a new feature of IG which helps to gain followers fastly as compared to other posts.
Reels is a short video Platform where you can make short video and upload it on reels.