You can earn money online just by scrolling through Instagram and I am going to be showing you exactly how to do that on Instagram with 500 followers.
Amazed? Well, you heard it rightly, and the good news is that you can earn while doing your favorite “time pass” on the picture platform, which is just using Instagram.
It might be sounding funny but yes it is possible to earn money on Instagram with 500 followers only.
I mean, several persons think that you need to have 10k followers or more to start earning from Instagram.
However, as time changed, Instagram also evolved and provided the platform for new users to earn. Don’t worry Daniels Hustle will tell you how.
If you check your activities on your mobile phone then, I am damn sure you will find Instagram taking all of your time but worry not, let’s convert this time and seeming internet wastage to something of more use to you.
We are up with ways that will help you to earn money on Instagram with 500 followers.
Truly, Instagram pays between $8,400 to $1.2 million per post but it all depends on your credibility, on the platform.
What if you are a commoner? You still have scope to earn but the thing is most of us are unaware.
According to Instagram Business, 60 percent of consumers use the platform to discover new products, and 80 percent of people follow at least one company on the social media platform.
A business profile receives 200 million hits each day, with non-followers accounting for 66 percent of all profile visitors (according to Facebook).
So, in this article, we will tell you the ways to earn money on Instagram with 500 Followers.
Your real 500 followers are worth more important than 100k fake followers on Instagram, and there are various strategies that will help you to earn money on Instagram with 500 followers.
Requirements for Making Money on Instagram
Before we go into how to make money on Instagram, let’s talk about the requirements for making money on the platform.
This isn’t going to be an easy job, I mean, to generate money on Instagram, and this is because you need more than a creative handle, a funny description, and images to post.
It may dazzle your friends and family, but monetizing your Instagram account requires a lot more effort and patience.
Here’s what you’ll need in order to achieve your financial goals:
1. Number of followers and influence
Why would businesses be ready to pay an Instagram user like you money is the question you must ask yourself. They would do so in order to acquire visibility and access to your target audience in order to market their items to them.
Your audience is small when you first start out, and you’re unlikely to be able to generate sales for your own or a brand’s items. To have an effect, you’ll need to expand your organic reach to at least a few thousand people.
HashtagsForLikes should be used to track the success of your Instagram account. Their analytics tool, which is based on open data and AI, may help you figure out what works best. You can quickly find the best-performing content and hashtags in your niche and leverage them to expand your reach and followers.
Reach, on its own, isn’t enough. You must be able to produce and share interesting content in order to drive revenue. Following your product suggestions requires your followers to take action.
As a result, having a reach and influence over your fanbase’s spending power is crucial.
2. Committed and Active Fans
Having a large fanbase increases your chances of appearing in the feeds of more people mathematically. But what good is it if no one interacts with you or your content? The key to improving engagement is to produce content that meets your audience’s specific content demands.
And how can you quantify that? The number of individuals who like, comment on and share your posts, not the number of followers you have. Brands will be more likely to invest in you to boost their profits if you have an “engaging” community.
How To Make Money On Instagram With 500 Followers
Instagram is the most downloaded and widely popular photo app, mostly dominated by the youth population.
And this social media platform provides you with various options to earn from it. These include Instagram business and market place but today we will majorly focus on the ways to earn money with 500 followers.
Offer Physical and Digital Goods
Over a couple of years, since the world became a global one, it has been noticed that people have started to buy and promote products online.
This is when Instagram stepped into the online market and changed its basic Instagram post features to shopping posts.
So far the platform has introduced various features like store buttons, item tags, in-app checkout, and shoppable stickers making the shopping process easier.
However, to access all of these features you need to verify your account as the business account first. Instagram is concerned about its users, you need to confirm first if you are a trusted seller.
Square Online is an innovative new platform to sell Instagram stuff.
This tool takes Instagram posts from your feed with three simple clicks, transforming them into a completely shoppable website:
You can connect your Instagram account with Square.
Tag products in Instagram posts that you want to promote.
To begin developing your website, click “Publish.”
Release Sponsored Posts
It is known that many persons will only believe in the products or accounts that their friends tell them to buy from or follow.
For most people, if their trusted friends and family have not told them to try a product, they would never try it.
This is the point where your real followers come to play because they are people who know you personally and trust you.
With real followers, you could make sponsored posts for any brand or influencer and you would be sure to get a healthy engagement rate from it.
In the end, it’s a win-win situation because they will pay you for each promotional post you do for them and your followers will patronize because they trust you.
This is one of the easiest ways to earn money on Instagram with just 500 followers.
Become a brand ambassador
While sponsored posts might work on Instagram, many firms desire long-term partnerships with influencers, so they hunt for brand ambassadors who will be able, rather than once, to promote a company favorably.
This usually works in favor of these brands because when they work with you and you give them great engagement, they don’t have to worry about paying you more to continue with the sponsored posts since they already have you in their corner.
Since Instagram is the most popular social networking platform, it is a great place for people to learn about brand ambassador programs and to cooperate with companies to promote their items.
Free products are often dispatched by huge companies to review and advertise their products.
Consider Jay Alvarrez, a blogger in lifestyle, who posts his Instagram or YouTube feeds with photos and videos.
With more than 6 million loyal supporters, his highly engaged audiences attracted marketers interested in forming a long-term partnership with him.
Companies approach Jay not just to become a spokesperson for the brand, but also to design collections of capsules and co-brand products.
Promote Affiliate Links
Most companies will be more than willing to spend on the promotions if they are getting good results.
If you have promoted any of the products of a company that has given it the clicks then there are chances of the company bouncing back at you for more promotions. You can charge accordingly to them.
To promote affiliate links you can join ClickBank, Impact, Shareasale, or Awin. Instagram has developed a strong engagement rate already so, it is the perfect place to promote affiliate links.
Provide Social Media Marketing Services
As earlier stated, Instagram is the most famous and widely used social media app. And it is one of the perfect places to promote and sell the product online.
All companies today require a social media marketing expert. If you think you know the Instagram app so well then this skill is one that can help a company to grow with your social media marketing skills then this would be the opportunity to pay your services to the company and get paid with a handsome amount in return.
For sales, create visual content.
Instagram is a visual medium, with over 100 million images and videos being uploaded by users every day. To distinguish themselves from the crowd, sellers have to do more than simply upload highly polished professional photos of their products.
Customers today are looking for authenticity so that user-generated material is given extra attention.
In most customers, research shows that user-generated content (UGC), which means companies of all sizes share content created by their customers, is 35 percent remembered compared to other media. In short, it’s a chance to make the pictures and films that you create cash out.
In exchange for free accommodation and money in the travel sector real passengers are urged to take pictures of their experiences while staying in brand hotels. This program involves companies of all sizes.
How much money can you make on Instagram with 500 followers?
While we are speaking about how to make money on Instagram with 500 followers, it is important to note that Instagram can contribute a lot of money to celebrities by promoting their brands.
Actually, according to their standing in the market, social media influencers who are paid the highest receive anything from $8.400 to $1.2 million a post. Your income depends on your reputation, the number of followers, and your capacity to build up your Instagram over time.
You need to figure out first what your engagement rate is before you can forecast how much you are getting from your online presence and social media profiles. Why? Because your audience is involved, it is no surprise that this data has a strong influence on influencer fees and prices.
Views and clicks are pointless unless consumers act on material and unless they take action.
The formula is quite simple: Add a single post, divide it by the number of followers and multiply the result by 100.
Calculator of the Instagram commitment rate
No matter how great your interaction rate is, there is always space that may be improved. The most crucial parts of professional and financial growth are the knowledge and marketing of your skills.
Conclusion
Gone are the days when people use to say that mobile phones and social media are only a waste of time.
This is why many people are interested in how to make money on Instagram with 500 followers. Instagram is one of the fastest-growing social media apps.
Now, you know how to make money on Instagram with 500 followers, however, the possibility of followers growing eventually with time and the efforts you put in isn’t ruled out, but you can earn before the growth comes.
