Capter 9 | Create Multiple Channels of Monetization with Instagram
At the end of the day, new followers aren’t cold hard cash in the bank unless you actually begin to monetize your followers and your account on Instagram.
The easiest way to monetize your Instagram account is to simply use your account and your Instagram content as an entry-level to your marketing funnel.
You’ll be able to push visitors and followers to your account deeper and deeper into your marketing materials, converting at least some of them into paying customers – and that’s got a pretty reasonable ROI.
Of course, there are other ways to monetize your Instagram account – and even if you do decide to sell your own products and services, you’ll want to pursue some of these avenues to maximize your leverage on social media and create multiple income streams.
For starters, you can seek out other businesses in your industry – competitors or those offering complementary services – and offer to provide them with “sponsored content”.
You basically become an affiliate for their company and any of the sales you drive through your Instagram account pay you get paid a commission.
This is how a lot of “Instagram models” make their money online, posting pictures of themselves and workout gear or using workout supplements provided by other companies and getting a cut of the affiliate sales they drive.
These people are making a steady income off of this kind of affiliate marketing alone, so it’s definitely worth investigating.
There are plenty of ways to monetize Instagram, and hopefully, this quick checklist has shined a little bit of extra light on the subject for you going forward!
The easiest way to monetize your Instagram account is to simply use your account and your Instagram content as an entry-level to your marketing funnel.
You’ll be able to push visitors and followers to your account deeper and deeper into your marketing materials, converting at least some of them into paying customers – and that’s got a pretty reasonable ROI.
Of course, there are other ways to monetize your Instagram account – and even if you do decide to sell your own products and services, you’ll want to pursue some of these avenues to maximize your leverage on social media and create multiple income streams.
For starters, you can seek out other businesses in your industry – competitors or those offering complementary services – and offer to provide them with “sponsored content”.
You basically become an affiliate for their company and any of the sales you drive through your Instagram account pay you get paid a commission.
This is how a lot of “Instagram models” make their money online, posting pictures of themselves and workout gear or using workout supplements provided by other companies and getting a cut of the affiliate sales they drive.
These people are making a steady income off of this kind of affiliate marketing alone, so it’s definitely worth investigating.
There are plenty of ways to monetize Instagram, and hopefully, this quick checklist has shined a little bit of extra light on the subject for you going forward!
