For many of us, creating and maintaining an Instagram meme page has become the new thing to do in 2019. However, if you’re wondering how to earn money from your Instagram meme page, I’ve got some good news for you—and some not-so-good news too. First, let’s talk about the good news: With over 1 billion monthly active users, Instagram has the potential to help you earn real money via sponsorships and ad revenue from your Instagram page.
6 Ideas on How to Make Money from Instagram
Even if you’re a novice, it’s never too early to start thinking about how you could monetize your Instagram presence. There are lots of ways to make money from Instagram including affiliate links, sponsored posts, and contests. Try a few ideas out and see what works for you. And, if you’re just looking for fun ways to earn money online, take note of these creative ways—your friends will be very impressed.
Remember that if you don’t like making money, it won’t work. It’s best to enjoy what you are doing and make a few bucks while doing it!
1)Promote Products
No matter your niche, there are probably tons of products you can promote. For example, someone who likes cooking or has a pet might make an excellent affiliate marketer for pet food brands. Someone who is crafty might be a good fit for building a business around selling DIY projects on Etsy. Think about all of your hobbies and personal interests and see if any of them would make for good affiliate marketing opportunities. If you’re not sure where to start with picking a niche, check out some of these options.
Once you’ve settled on a niche, it’s time to pick a product. If you already have an idea for a type of product you want to promote, go for it! However, if you are at all unsure about what you want to sell or don’t think any products will work well with your audience, do some market research. There are several ways you can do market research that won’t cost much money
2)Sell Subscriptions
Many Instagram meme pages have only a few thousand followers—but that doesn’t mean they don’t make money. If you create a popular enough page and sell subscriptions, fans will pay for some of your content behind a paywall. This is a great way to get people who enjoy your work on Instagram (and like what you stand for) to become paying customers! To start earning money from your Instagram meme page, try something like TapCellar where visitors can sign up and subscribe via Stripe or PayPal.
Once you’ve created your meme page, you have three options for getting visitors to subscribe. First, you can ask your existing followers for support in your bio.
3)Sell Data
If you’re on a meme page with high engagement numbers and followers, you have an opportunity to make some cash. You can sell your data to advertisers or other businesses by directly selling off your database of fans. If you don’t feel comfortable selling your information, there are companies that will help facilitate these sales for you on a per-post basis. Just make sure any company you work with protects and anonymizes your data before sharing it with third parties. They should also offer transparency about what they do with your data.
If you sell your own data, keep in mind that it could be a lengthy process. However, if you choose to work with a company like DataForSale, their platform will manage everything for you. They’ll list your data for sale and take care of negotiations and sales. In addition, they’ll anonymize your information and help protect against misuse or attacks on your database.
4)Market an App
Start by marketing an app that allows you to do what you do best (and love). If your job involves taking photos, why not create an app that helps people take professional-looking photos. An app that handles photo editing and sharing could be another option. Or, maybe you’re passionate about health, in which case creating an app for weight loss might make sense. Look for common interests among your friends and family members—you could even offer to help them build their own apps as a favor! Once you’ve got a general idea of what type of app you want to develop, it’s time to get down to business. Just remember: don’t bite off more than you can chew!
Once you’ve got a basic idea for your app, you’ll need to do some research. Find out what similar apps are already on the market, and see if there’s an opportunity for your own app. You should also identify any potential pitfalls that you might face while developing an app (such as legal issues or overwhelming costs) and learn more about building apps before making any final decisions.
5)Host a Contest
Don’t be afraid to use Instagram contests as a way to monetize your content and grow your following. The key is offering something of value, rather than just a cash prize. For example, you could host a contest with prizes like T-shirts or posters, but also offer some exclusive perks that only contest winners get. Use social media sites like Wishpond and Woobox (or create your own) where you can make it simple for entrants to enter your contest with their social media accounts.
For example, if you’re selling graphic T-shirts through your store, you could offer a special deal for contest winners to get 10% off their order. If you create memes and share them on your page, consider giving the first place a shoutout in your next meme. Or you could invite second place and third place entrants for a coffee date (this is just an example—make sure any reward is appropriate before you offer it). Doing something that’s exclusive can help boost participation and entice people who may not have considered entering a contest otherwise. Remember to keep track of all entries using Wishpond or another app so that prizes can be easily awarded after a winner has been picked.
6)Gain Sponsorships
If you have a thriving meme page, it’s highly likely that your page has gained a significant following. The only thing left is to capitalize on that popularity. Depending on your niche and following, there are several ways you can start earning money from sponsorships. As an example, if you post memes about cats and have close to 200k followers then it’s very possible that someone will contact you offering you money in exchange for placing their product on your Instagram page. For example, Certain brands pay Instagram pages with a significant amount of followers (normally over 100k) around $1000-$5000 per post (sometimes more). This means every time they post something from one of these sponsor’s companies, they get paid.
It’s important to understand that sponsorships work a bit differently than regular posts. In most cases, they are paid promotions. What that means is you get paid because you represent a specific brand or product by posting something on your page. If you want to continue earning money in that way, it’s critical that you select quality brands and products (so your audience will be pleased with their association).
