YouTube Monetization: How to Earn Money from Ads and Sponsorships
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10 ways to make money on Instagram
In this article, we will tell you in detail about 10 ways to make money on Instagram. We plan to update this article on a weekly basis. The first part will be about Influencer marketing. People trust advertising slogans less and less. Selling directly is getting harder. To attract new leads and increase conversions, brands work with influencers. Since more consumers consider a new brand based on the recommendation. It's a more powerful marketing channel for brands of different sizes: from Microsoft to a local shop.
Influencer marketing size is estimated to grow by 30% in 2021.
One of the most popular ways to make money on Instagram is to advertise brands. Advertising of brands is a great opportunity to monetize your content. Influencers have a strong relationship with their audiences. A loyal audience trusts them, so they will take a closer look at the advertisement, remember the brand and buy the product eventually. That's why sponsored posts are highly paid.
To start earning, it is enough to reach the level of 5-10 thousand followers. On average, attracting 10 thousand followers costs about $ 100. But these investments will pay off quickly.
How Much do Instagram Influencers make?
Gone are the days when influencers were willing to work for free perks. Top influencers make thousands of dollars per sponsored posts. This is the goal you should strive for. On average influencers with 1000 followers charge $8 per post. It depends on users’ engagement rate, niche and the type of post. In case you already have you followed by 10K users, you will earn $480 per 6 sponsored posts. Keep in mind that over time your audience will grow, and in a few months you can make a living on it.
- Nano-influencers get around $80
- Micro influencers get around $200
- Mid-tier influencers get around $670
- Mega-influencers charge 4-digit figures and over.
- Mega-influencers charge 5-digit figures and over.
What is Engagement rate on Instagram?
Engagement rate (ER) is the most valuable metric in social media. Advertisers evaluate an Instagram account for audience engagement. This is a crucial metric when choosing among influencers with similar topics and the number of followers.
A good engagement rate is considered between 1,5% and 5,5%. The more followers you have, the lower this rate can be. For Nano and Micro-Influencers it should be at the level of 5%. A high engagement rate means that the potential reach of a sponsored post is much higher.
Where to find an advertiser?
Instagram unites more than 500 thousand advertisers and millions of influencers worldwide. The most convenient way to find a brand is create a profile on one of special platforms. These are most popular: izea.com, get.upfluence.com, creatoriq.com, unitaskr.com
They make it easy to find a brand, even for influencers with 5K - 10K followers. In addition, they are the guarantor of receiving money from the advertiser. In turn, brands can analyze the base of influencers for engagement rate and choose the most suitable one.
How to make more from sponsored ads?
Obviously, you need to raise the amount of followers, comments and likes. But how to enhance these metrics? This is a big topic and deserves a separate article. In a nutshell: produce high-quality content regularly, communicate with your audience and promote your posts.
Note, that the higher your ER, the higher the payment for one post will be. To boost the engagement rate you can use our services. We recommend buying likes, followers and video views to highlight your posts and increase the value of your instagram account.
We never use bots or fake views. It doesn’t contradict with any Instagram rules. Therefore you can attract new followers every day, without putting your profile at risk of being blocked.
Our prices:
Let’s calculate a total cost of pomotione to get a good engagement rate (5%)
The engagement rate formula is:
(X likes + X comments) / X followers * 100% = ER
Let's say you already have 10K followers and a small amount of likes and comments (100). Then you would need at least 400 likes per post and 100 followers.
$2 for likes + $1 for followers = $3 per post.
Consistently buying these services per each post, you’ll boost your engagement rate in a native way.
In case you create Instagram Stories, IGTV and Reels videos. We can also help you with boosting them. Here is our price list:
Note that, to sell advertising posts in stories, you need a business account and at least 10,000 followers. Otherwise, you will not be able to add links.
By getting good payouts for sponsored posts, you will get a return on your promotion investment in just 1 post.
Affiliate marketing is another great way to make money on Instagram. Most affiliate marketers get traffic from this social network. The peculiarity of affiliate programs is that they do not actually require direct investments. They are designed to attract customers to companies that offer goods or services. Each lead gets rewarded with a percentage of sales or a fixed rate fee.
How does it work?
The principle of action is as follows:
- Register in an affiliate program.
- Get an affiliate link and place it in your bio (or stories) account with a detailed description of the product or service.
- By clicking on your referral link, a user gets to the advertiser's website.
- if users follow the link and fulfill all the conditions, profit is accrued.
- You get paid if a user takes a certain action on the site - filling out a form, registering, making a purchase, etc.
Not everyone succeeds in affiliate programs. For a stable income, the following conditions must be met:
- Only one product should be promoted on one page. Place the link to the program in the profile description.
- If you don't know which niche to choose. Find out what is in demand now. Check out competitors' advertisements. Get inspired by their ideas and do better!
This method has its features:
- Work is done on the terms of the advertiser. Since popular brands have their own affiliate program, information about it is posted on the site;
- Payment is made not in a fixed amount, but as a percentage of sales. On average, this is 30%;
- To earn money it is not necessary to have a large number of subscribers, 1000 is quite enough, as long as they actively view advertising posts and make purchases; purchases;
- You can find a partner for cooperation on your own, for this you need to analyze the sites of large companies or through intermediaries - CPA networks.
What are the disadvantages?
- There are several models for receiving remuneration - for a purchase, for registration, for installing an application;
- Stores do not pay interest to partners immediately - usually there is a hold from several days to a month;
- If you start several accounts on Instagram for affiliate marketing and engage in mass activities (mass looking, mass following) - you need to use a proxy for Instagram, otherwise the accounts will be banned;
- Instagram allows one external link in your bio. However, this inconvenience is resolved.
How to use multiple clickable links on Instagram?
- Bio link tools. There are different services (later.com, linktr.ee, lnk.bio and others) that allow you to create a mini website. On this landing page you can insert links to your social networks, offers, etc.
- Instagram Stories. It’s the best way to promote your offers. However, you need to have at least 10’000 followers. If you have not yet reached this level, then you can quickly increase them with TubeBiz.
Make an order right now!
#1 Beauty sphere
Beauty is always relevant. In 2020, the boom was in natural cosmetics and various vitamins. The I-herb website has not lost its relevance for a very long time. Hair treatments, skincare, and even bath bombs are always in vogue.
Social media is having a big impact on the beauty industry: Today, 65% of teens discover and buy beauty products through social media, so it's no surprise that 96% of beauty brands are on Instagram.
#2 Games
The gaming industry is one of the few sectors that is growing due to COVID19.
According to a recently published report, the gaming industry will surpass $ 200 billion in revenue by 2023. In the US alone, over 165 million Americans play video games, with a third of the American population having at least one gamer in their home.
To make money in the gaming niche, there are many affiliate programs where you can receive a commission for each download of the game. Your primary responsibility as an affiliate marketer is to know how to promote your game on Instagram so people can download it.
#3 Food and Cooking
Love for beautiful and tasty food is something that does not change with time, political turmoil, and the economy. Maybe not all people love to cook, but everyone loves looking at delicious food and how others cook.
You can earn money in a niche by advertising brands, restaurants, cafes, food delivery services. You can also teach paid courses or sell your own recipe book.
#4 Online business
People are looking for business advice, instructions, life hacks, examples of real successful people to follow and get inspiration. The main idea is to share useful knowledge, ideas, and schemes with users on how to make money online. You can earn money in a niche on affiliate programs by advertising other people's training, webinars, books or by releasing your own intellectual products.
#5 Promotion in social networks
If you have achieved mastery in promotion in social networks, you know everything about a successful SMM strategy, you know how to attract and involve subscribers, you can safely choose a promotion niche for yourself and sell your knowledge. Main income in this niche - the provision of professional services and training. This can be maintaining accounts, setting up contextual advertising, creating brand books, selling copywriting, and much more.
#6 Photography and processing
Photo processing, drawing up a visual concept, choosing colors, stylizing an account - quite young and promising direction for making money on Instagram.
You can sell expert information, workshops, and webinars, as well as services.
#7 Info business
Info business was popular even before the advent of social networks, but there is a boom on Instagram now of different people selling their courses, webinars, marathons, and any other information that can help consumers. Whether you are a professional lawyer or an ordinary housewife, any person has valuable knowledge that can be packaged into an information product. But if you want to do an information business, you will need not only to promote your account, but to earn yourself a reputation as a person who understands a lot about his craft.
#8 Pets
Instagram is the perfect place to share funny animal photos. But of course, it will take more than a cute pet and a camera to be successful in this niche.
The pet industry reached $ 75.38 billion in 2019, and people can't help but love the cute images of cats, dogs, hedgehogs, foxes, and more.
To attract the attention of millions of followers, you need to be creative, be able to distinguish among the crowd. If interesting ideas are not a problem, then your four-legged friend may well become the new star of Instagram.
You can earn money by advertising products for animals, toys, clothes, and accessories, selling tips on growing and raising; advertising pet life insurance affiliate programs, and much more.
#9 Family and children
Share your experience, successes, and difficulties, give advice, be sincere and your audience will find you. Along with the popularity will come the opportunity to earn on advertising cooperation with brands of baby food, clothing, toys, entertainment establishments.
According to Business Instagram, 68% of millennial moms use Instagram daily, on average mom checks Instagram six times a day, and 78% of moms take action when they see inspirational Instagram content.
What's more, dads are also active on the platform: almost half of the dads on the Instagram follow the business, and 69% take action from the content they see.
Who knows, you might even publish your own book on parenting, which will become a bestseller for young parents.
#10 Crafts
This niche is ideal for stylists, seamstresses, designers, any creative people who know how to create interesting things with their own hands. Share your creativity and make money on it. To monetize your account, you can sell courses, webinars, masterclasses, or your own products.
The next part will be next week. We’ll discover the next popular option for Instagram monetization. Stay in touch with us on social media to not miss it!
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