By just scrolling through Instagram you can make money online, and I’ll show you how to make money on Instagram with 500 followers.
Amazed? Yes, you heard me right, and the good news is that you can earn a lot while just doing your favorite “time pass” on the picture platform, which is using Instagram.
Although it may sound funny and maybe impossible, I am here to tell you that it’s possible to earn money on Instagram with just 500 followers.
A lot of people think that to make money with Instagram, you need to have 10k followers or even more.
Instagram, however, evolved with time and became a platform where new users could earn. If you’re wondering how don’t worry Newage-Digital got you, we will explain everything in detail for you.
When you check your phone activities, I am sure you will find Instagram taking the lion’s share of your time, but don’t worry, we will turn this internet time and waste into something more useful for you.
Our team of experts has come up with some ways to make money on Instagram with 500 followers.
There is no doubt that Instagram pays anywhere between $8,400 and $1.2 million per post, but everything depends on how credible you are on the platform.
What if you are a commoner? The thing is that there are still many opportunities to earn which you can take advantage of, but most of us are unaware of this.
Instagram Business estimates that 60 percent of consumers use the platform to discover new products, and 80 percent follow one or more companies on the platform.
According to Facebook, business profiles receive more than 200 million hits each day, with non-followers accounting for 66% of all profile visitors.
Therefore, in this guide, we will share with you the ways to earn money on Instagram with 500 followers.
If you have 500 real Instagram followers, they are more valuable than having 100k fake followers on Instagram. Furthermore, you can earn money with 500 followers by using different strategies.
Requirements for Making Money on Instagram
Before we talk about how to make money on Instagram, we need to understand the requirements needed to make money on the platform.
There is a lot more involved in making money on Instagram than having a creative handle, an entertaining description, and images to post.
Your Instagram account may be stunning to your friends and family, but monetizing it requires a lot more effort and patience.
Here are the things you’ll need to succeed in your financial goals:
1. Number of followers and influence
What would make businesses willing to pay an Instagram user like you money? That’s the question you need to answer. The purpose of such an approach would be to gain visibility and access to your target audience so they could market their items to them.
When you start out, your audience will be small, and you’re unlikely to generate sales for your own items or those of a brand. In order to have an impact, it’s crucial you expand your organic reach to at least a few thousand people.
To determine the success of your Instagram account, you should use HashtagsForLikes. With their analytics tool that uses open data and AI, you can find out what works best. It allows you to discover the best-performing content and hashtags in your niche so you can use them to expand your reach and followers.
Reach, on its own, isn’t enough. In order to drive revenue, you’ll need to produce and share interesting content. Providing followers with product suggestions requires them to act.
Because of this, having a grasp and influence over your fanbase’s purchasing power is important.
2. Committed and Active Fans
Your chances of showing up in the feeds of more people increase as you gain a large fan base. However, what exactly is the point of having your content if no one interacts with it? Producing content that meets the specific demands of your audience is the key to improving engagement.
What are the metrics for measuring that? It is the number of individuals who like, comment, and share your posts, not the number of followers you have. When you have an “engaging” community, brands are more likely to invest in you.
How To Make Money On Instagram With 500 Followers
Among all popular photo applications, Instagram is the most widely downloaded and most commonly used by youths.
In addition, this social media platform provides you with many ways to earn money. Among them are Instagram business and marketplace, but today, we’re going to concentrate on what you can do to earn money with 500 followers on Instagram.
Offer Physical and Digital Goods
With the world becoming an increasingly global one, people have discovered that they can buy and promote products online.
With the move into the online market, Instagram changed its basic Instagram post format to a shopping post.
Thus far, a number of features have been integrated into the platform such as store buttons, item tags, in-app check-out, and shoppable stickers that facilitate the shopping experience.
All of these features, however, can only be accessed after confirming your account as a business account. This is due to Instagram’s concern for its users. Before you sell, you must confirm that you are a trusted seller.
Square Online is an innovative new platform for selling Instagram items.
With just three clicks, this tool converts your Instagram posts into a fully shoppable website:
With Square, you can connect your Instagram account.
You can tag products in Instagram posts that you want to promote.
Click “Publish” to begin developing your website.
Release Sponsored Posts
It is well known that many people will only trust products and accounts that their friends recommend.
It is unlikely that most people would never try a product if their trusted friends and family have not recommended it to them.
Your true followers come into play at this point since they know you personally and trust you.
When you have real followers, you can do sponsored posts for any brand or influencer and give them a healthy engagement rate.
Ultimately, it is a win-win situation because you will receive payment for each promotional post you make for them, and your followers will patronize you because they trust you.
With just 500 followers, this is one of the easiest ways to earn money on Instagram.
Become a brand ambassador
Sponsored posts on Instagram might work, but many firms prefer long-term partnerships with influencers, so they look for brand ambassadors who can promote the company repeatedly, rather than just once.
It often works in the favor of these brands because when they work with you and you provide them with great engagement, they wouldn’t have to spend more because since you’re already in their corner, they don’t have to worry about paying you more for sponsored posts.
With Instagram being the most popular social networking platform, people can learn about brand ambassador programs and work with businesses to market their products.
Huge companies often send free products to review and advertise their products.
Take the example of Jay Alvarrez, a lifestyle blogger who posts photos and videos about his life on Instagram or YouTube.
Due to his highly engaged audience of over 6 million, marketers are always interested in partnering with him for the long run.
A number of brands approach Jay not only to become a spokesperson but also to create capsule collections and co-branded products.
Promote Affiliate Links
Those companies that are getting good results will be more than willing to spend on promotions.
There are chances that you will be contacted again by a company if you have promoted any of its products and it has received clicks from you. You can charge the company accordingly.
If you wish to promote affiliate links, you can join ClickBank, Impact, Shareasale, or Awin. Instagram has an established engagement rate, so it’s an ideal place to promote affiliate links.
Provide Social Media Marketing Services
As stated previously, Instagram is the most popular and widely used social media app. Additionally, it is a great place to market and sell the product online.
In today’s business world, social media marketing is essential. If you are so knowledgeable about Instagram that you believe that this can help companies to grow with your social media marketing skills then this would be the opportunity for you to provide a service to the company, and get paid handsomely in exchange.
For sales, create visual content.
With over 100 million images and videos being uploaded every day by Instagram users, this makes it a visual platform. In order to stand out from the crowd, sellers need to do more than upload highly polished professional photos of their products.
In today’s world, customers are increasingly seeking authenticity, so user-generated content is given more attention.
Research shows that user-generated content (UGC), or content created by customers and shared by businesses of all sizes, is remembered by most customers at 35 percent compared to other forms of content. In other words, you can make money out of the pictures and films you create.
In exchange for free accommodations and money in the travel industry, real passengers in brand hotels are encouraged to take photos. The program is open to any company of any size.
With 500 followers, how much money can you make on Instagram?
It’s important to realize when we’re discussing how to make money on Instagram with 500 followers, that Instagram can be a big source of income for celebrities by promoting their brands.
In reality, social media influencers who are paid the most receive anything from $8.400 to $1.2 million per post, depending on their status in the market.
The amount of income you earn on Instagram depends on your reputation, the number of followers, and how long it takes you to build your Instagram account up over time.
It is important to know what your engagement rate is before you can estimate what result you will get from your social media profiles and online presence. Why? Considering how influential your audience is, it’s not surprising that these data have a significant effect on influencer fees and prices.
It is pointless for consumers to view and click if they do not engage with the material and take action.
The formula is quite simple: Add one post, divide it by the number of followers, and multiply the result by 100.
Calculator of the Instagram commitment rate
Regardless of how high your interaction rate is, there is always room for improvement.
To grow professionally and financially, you must have knowledge of your skills and market them.
Conclusion
The days when people said mobile phones and social media were only a waste of time are gone.
It’s for this reason that people are interested in how to make money on Instagram with 500 followers. According to statistics, Instagram is one of the fastest-growing social media apps.
Having learned how to make money on Instagram with 500 followers, you know that it is possible to earn while your followers grow with time and effort, but you can earn before the followers do.