In today’s day and age, social media is dominating the world. The social media platforms provide several facilities to its users. When they were first going mainstream, they were only meant for communication over the internet, but today, they have evolved into a great source of news and information as well as a source of income.
One of the many social media platforms is a notable picture and video sharing site known as Instagram. Instagram has been around for a literal decade now and has gone through some dramatic changes when it was first launched. The platform has now over 1 billion users worldwide, with 500 million users who are active daily. The number is still increasing as the social media site is growing larger by the day.
With a lot of exposure on this platform, the marketers were quick to jump onto it as well to advertise their products. You see a lot of advertisements from vendors and services on this social media platform. The platform also has its community of content creators who use this platform for monetization and earn a fortune. Though it is a photo and video sharing platform, a right approach can enable you to monetize Instagram, which will be a source of income for you.
The size of this platform is massive, and the global audience reach enables it to support monetization. If you want to monetize Instagram, there is a whole virtual world out there for you. However, monetizing it is not an easy task. It takes a lot of patience and hard work to earn money on this platform. There are a few prerequisites to monetizing Instagram.
First of all, you need influence. Influence on people will enable you to gain exposure and sell the products likewise. A fanbase is the core prerequisite of the monetization process on Instagram. Once you have reached a fair number of followers, you need to have an engagement with them. Being an influencer requires you to have dedicated followers to get more hits on your posts. The number of followers has a very little effect on your monetization, and it is the engagements on your posts that determine the engagement of your fanbase.
The use of hashtags, a cool bio, being a regular user of the platform, and the quality of content is the essential tools of keeping your audience engaged. For more tips on monetizing your Instagram account, take a look at the infographic below.
Infographic by: shanebarker.com