How to Make Money on Instagram in 2020

How to Make Money on Instagram in 2020

How to make money on Instagram in 2020, Even if you’re shy on camera or Even if you don’t have a following right now. In this article, I’m gonna be showing you the different ways that are working right now and the quickest way to make money on Instagram. Instagram is the best way to earn money online. Are you ready? Let’s get started.

Make Money on Instagram

Number one is selling shout-outs

There’s a lot of people out there that are in different niche markets, they could be in fitness. They could have an e-commerce store or they could be a coach, and right now, these different people, these different businesses are looking to get more leads.

They’re looking to get better visibility, and in order to do that, they are willing to pay money as advertisers to increase their reach, their visibility, and their following, and they’re willing to pay somebody like you if you can send them traffic, sending them leads, which is basically selling shout-outs.

What if the number one way to make money on Instagram is to sell shout-outs to these different people? And there are many different sites like Shoutcast, PlugHype.

That’s basically a third-party marketplace that you could join your Instagram account so that you can work with them so that you don’t have to be looking for these business owners,

people who have a business they are willing to pay money to an advertiser to build their following on Instagram. So the first way is, to make money online, is to sell shout-outs.

Number two is to build a following.

You wanna make money on Instagram, In most cases, the amount of money you can charge is in direct proportion to how big your following is, and of course, the quality and the engagement of your following.

make money on instagram

So to do that, if you wanna start charging more in order to make more money on Instagram, you have to create engaging content to build your following, and the best way to do that is to model what already has been proven, to be viral that’s already proven to be engaging.

In whatever market that you might have an interest in, whether it’s teaching people makeup, whether it’s teaching people how to play computer games, whether it is fitness.

Let’s face it, there are tons of videos and images that are already proven to be viral, and rather than trying to reinvent the wheel, remember success leaves hints.

If you know that there is a certain video on this certain workout, if let’s say, you are in the fitness market. Wouldn’t you agree that it’s a whole lot easier, modeling something that already proven to be viral, proven to be engaging, rather than trying to do it from scratch on your own?

Now, I’m not talking about copying, ’cause copying is unethical. I’m talking about following the model. If you knew that there was a certain video title or if there was a certain angle, a certain hook, that was proven to be engaging, why not follow the model that’s currently working?

So this could be using the different hashtags, or different strategy so that you can create content that’s funny, that’s exciting, that’s engaging, in order to build that following so that you can actually use that following to sell shoutouts.

So that’s number two to make money on Instagram, you want to be able to build a following by modeling what’s proven to actually work.

Number three is sell or flip Instagram account

The third way to make money on Instagram, is basically to sell or flip Instagram accounts but what if you’re shy and you don’t want to be on camera?

The truth is, being in the spotlight, on videos, that’s not for everybody. This brings us to the third point. What if you could be building up these different brands or these pages, whether it’s in photography, whether it’s in the funny cat, dogs, what if it’s in lifestyle, watches, or different hobbies, or fitness, makeup, beauty?

You could create these different brand accounts, in these different niches. Build a following so that you can actually sell or flip these accounts. ‘Cause there’s a lot of people out there who are willing to pay big money for these Instagram accounts

And the way they do that, there are a lot of sites that do that as well, for example, FameSwap. FameSwap is a site that specializes in buying and selling Instagram accounts.

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And if you could be concurrently building dozens of different accounts across all these different themes, or focus on one specific niche. A niche that excites you, that you have interest in, that’s based on your life experience, your passion and build up all these different accounts so that you can actually sell and flip these accounts.

Fourth way is actually by selling products.

Now, this could be your own product, or this could be selling somebody else’s product as an affiliate.

What many people don’t know is that the biggest sites in the world, like Clickbank or warrior plus where you can get affiliate products this could be digital products or physical products.

you can also do amazon affiliate by selling their products. literally every big site out there in the world, they are willing to pay you to affiliate commissions whenever you promote their product.

Now without turning this into an affiliate marketing course, the fourth-way to monetize your Instagram following to sell your own product or sell somebody else’s product.

Now here is the math behind it, Imagine that right now, following these different principles and examples, you have built a following of 10 000 people.

Now one of the things you’ll know that whenever you have a following that’s significant enough, you’ll be able to unlock this feature known as Instagram stories and Instagram swipe ups.

So, stories are something that you can create, but you’ll be able to swipe up once you have more than 10 000 followers. Now, imagine the math is basically about 10% of people who follow you will watch your stories.

Let’s take this example for simplicity purposes. You have 10 000 followers, 10% of people that follow you will watch your story, so that is 1000 watching your story.

I know that 10% of people that watch your story will actually swipe up whenever you have a call to action. So 1000 people watching your story, that would be 100 people Swiping up, where you ask them to go to a specific page.

So, for example, let’s say I am somebody that talks about the camera. So today, I’m taking out my phone and I’m showing people behind the scenes how I’m taking the perfect picture of nature.

And at the end of the story, I’m saying this, “So this camera over here, “the brand that I’m actually using is from this site, “and if you’re interested in using this camera, “the same camera that I’m using right now, “go ahead and swipe up.”

And what if 10% of people who watch the story swipe up, and they actually go to that page that could be my camera or somebody else’s camera that I’m selling as an affiliate, and what if I’m selling that for, whatever, 50 bucks commission, okay.

And what if the conversion and the number of people that buy is, whatever, 2%, so 2% of people that watched my story, which is 100 people. 2% of people buy the $50 product.

So I would have essentially made 2 sales from a $50 product. So I would have made $100 from that one swipe up campaign. And what if I only did that once a week? I would have essentially made a couple of hundred dollars extra per month.

Grow your Instagram in 2020

Now that is how you will make money on Instagram, either selling your own product or somebody else’s product. Now, when you understand the math behind it, that means ultimately you will be able to take the profits from either selling your own product or somebody else’s product,

Reinvest it and continue building your following and fueling it so that now it makes sense to be able to pay other peoples shoutouts, to build your own following from 10 0000 to 100 000 to a million people, right.

So that is basically the fourth way to make money on Instagram, and that would be by either selling your own product or selling somebody else product as an affiliate.

Run an agency or sell a service

The fifth way to make money on Instagram is basically to either run it as an agency or as a service or as a consultant, for somebody else. Because what if I told you there’s a lot of businesses out there, real businesses, doctors, dentists, gym owners, where they don’t understand social media, and they are willing to pay you money if you could actually handle their Instagram accounts.

Now I’m not talking just about posting, this could be running ads, this could be building their following, this could be handling their swipe up campaigns. ‘Cause most business owners, they don’t understand social media, they don’t understand Instagram.

So the fifth way, once you’ve been doing all these different methods, what if you could actually take all of the experience that you’ve had on Instagram, and now you start implementing it for somebody else.

What if you posted on Facebook right now saying, “Hey guys, right now “I’m looking for three different people “who are business owners, who are willing to– “so I just started this Instagram journey “of learning Instagram.”

So now you are being really authentic, you’re not trying to fake it until you make it. You’re saying, “I’m willing to work on three different businesses, “across different niches, and all I’m asking in return is, “at the end of the first month, allow me to document “the process so that I can turn it into a case study “or a test to build on.”

So what if you’re willing to work for free for the first three different people, business owners, and then after that, turn it into a case study so that you can use that as leverage, to get on future clients onboard, And what if now– what if you could get just one client to pay you $500 a month?

I mean, this could be a business that’s in plastic surgery, right. Do you feel that if you could get one client, and help them get more leads, to just one additional walk-in client, for their plastic surgery business?

Do you think that’s well worth– well over $500? What if it was a dentist, wanting to sell their teeth whitening service, There are so many businesses out there that will pay you big money if you could help them get more reach, more following, get more visibility, through Instagram. This is what I’m talking about.

So to quickly summarize, I’m not asking you to do all these different methods, I’m asking you to pick one, that resonates most with you. These are five different ways that you can start using Instagram right now in 2020 to start making money on Instagram.

What are they?

Number one, to start selling shoutouts.

Number two is to build a following so that you can start charging more.

Number three is to start selling or flipping these accounts for huge margins.

Number four would be to use Instagram to either sell your own product or sell somebody else product as an affiliate.

And finally, number five would be to do it as an agency, or as a consultant, or a service for somebody else who has a business, so that you can help them get more reach and more visibility.

Hey guys, I would love to be able to hear your biggest takeaway and what you got from this on the comment. So leave me a comment below.

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