Instagram Monetization: 5 Ways to Make Money On the App
Creator EconomyInstagram Monetization: 5 Ways to Make Money On the App
Are you interested in earning money on Instagram but not sure how to start? We’ve got you covered.
Although people first think of influencer marketing, that’s not Instagram’s sole monetization opportunity. In this article, we’ll dive into the current features the social app offers.
Although monetization on the platform can involve promoting products and/or services to increase sales, that’s not what it always looks like. With monetization, the focus is on the content whereas selling focuses on the products/services.
While YouTube is seen as the OG monetization platform for content creators, Instagram is making its way up there.
When we surveyed marketers for our 2022 Social Media Trends Report, 73% say they work with influencers on Instagram compared to only 61% on YouTube.
But as we’ll cover later on, that’s only one way to make money on the app. Before we get into those, let’s review monetization requirements.
Instagram Monetization Tools
Ever since Instagram transitioned to a creator-focused platform, they have tested numerous monetization tools. Some end up staying on the platform while others are sunsetted.
For instance, in June 2021, Instagram announced that it would test an affiliate program, in which creators could have their own Shop tab and earn commissions based on sales they influenced.
After over a year of testing, the platform announced that it would no longer be available after August 2022.
Another monetization tool was Reels ads, a move designed to encourage...
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