Today, there are so many online social media platforms that have created opportunities for people to not just make money but a lucrative amount of money. According to stats, if we were to compare these social media platforms, Instagram has probably stood out the most with a staggering rate of growth in users even far greater than the growth rate of Facebook. This leaves us with no question that Instagram has got to be the best online social media platform to invest time in for making money without even revealing your identity.
So we will be discussing 5 ways to make money from Instagram and on how you can be a successful online entrepreneur.
Selling Shoutouts
It’s very important to make sure that your account has a decent number of active followers. These followers can be anywhere ranging from at least 1000 followers to a million followers who are regular and active
users of Instagram, who engage with other users by sharing content, pictures, likes, and comments. Once you have developed an account with a strong following, you can use it to create market value by selling shoutouts.
An Instagram shoutout happens when you receive a direct message from users seeking your influence, support, and endorsement by promoting their content on your account in exchange for an agreed amount of money, which technically means paid advertising for their product or service. This can be a screenshot, advertisement or any post made by you which will entice your users into following that users account or business. This may also lead to an increase in the number of sales or website traffic of that business.
Flipping Instagram Accounts
Have you ever traded stock? Or bought any goods at a lower price and sold them at a higher price? If not then this is where you will need to apply your skills as an entrepreneur. Flipping Instagram accounts is as easy as it gets, simply look for an account or accounts with a lot of followers and look for the ones which have content with value which appeals to a wider audience.
Here are some examples of how to flip accounts, example 1: A person bought a house at a lower price, invested in renovation and then it to a buyer for a higher price. Example 2: an American bought an Instagram account from another American having 40,000 followers for just 500$ and makes money by buying selling the same page to a wealthy Saudi Arabian for a whopping 10,000$ who bought it to show it off to his friends and family members. You must ensure that you do this by doing extensive research about what would be a good deal and a bad deal and how you can save yourself from scam or conmen by buying and selling through Toofame.com, an entrepreneur business that is registered and is in the business of buying and selling of more than 1200 Instagram accounts.
Growing & Selling Theme Accounts
Some will argue that not all accounts will sell or can be sold especially accounts without a theme, this is where it is important to make money through some effort is by starting an account on a certain niche or interest such as fitness, entrepreneur, food, and travel and so on with help of automation softwares that accelerate the following of your Instagram account.
Automation softwares work by automatically following related Instagram accounts, generating automatic like, comments, direct messages and unfollow bots or useless account. While picking automation software be sure to check that these softwares often attract automated bots to your account and some automation softwares have the flaws of posting same or identical content (pictures, posts, comments and mentions) to more than one Instagram accounts at the same time. You can make money by selling the accounts on Facebook or websites like FameSwap or Swapd as they generally are in the business of selling theme accounts.
Instagram Client Management
The next method which is different from conventional methods of making money off Instagram is starting an Instagram client management business. This is a recurring business model where as a business or an entrepreneur, you make money on a weekly or a monthly basis by providing a service on handling their Instagram accounts.
This service can include you delivering milestones such as number of followers, likes and comments etc. or generating content or reaching out to influencers to grow their business. It is important to make sure you have a good service that provides results as they will be the ones spreading and recommending your services to others. You can start off this process by joining MP Social forum which offers free membership along with all the tips and lessons for free from people who are already doing this method and making over $40,000 a year.
Consulting
This is the last and the most straightforward method to make money from Instagram by looking for people who require consultation services to manage their Instagram account. You can start off by getting in contact with potential clients and telling them your hourly rate, if they would be interested you could arrange a Skype call to move things forward. This method is last on the make money off the Instagram list because it requires a lot of experience in the industry and there are not many people having that many years of experience.
