If you’re one of the millions of people with an Instagram account, you may be wondering how you can make money from your photos and videos. While there are a number of ways to do this, one popular method is through affiliate marketing.
As an affiliate marketer, you promote products or services on your Instagram account and earn a commission for each sale that you generate. This can be a great way to earn some extra income, particularly if you have a large following on the social media platform.
In this article, we’ll show you how to get started with Instagram affiliate marketing and how to start earning $100-$200 per month from your account.
What is Instagram Affiliate Marketing?
Instagram affiliate marketing is the process of promoting products or services on the social media platform and earning a commission for each sale that you generate.
To do this, you’ll need to partner with brands and businesses that offer products or services that are relevant to your audience. Once you’ve established a partnership, you’ll be given an affiliate link that you can share on your Instagram account.
When someone clicks on your affiliate link and makes a purchase, you’ll earn a commission from the sale. The amount of money that you can earn will depend on the product or service that’s being sold as well as the commission rate that’s offered by the brand or business.
How to Get Started With Instagram Affiliate Marketing?
The first step in getting started with Instagram affiliate marketing is to find brands and businesses that offer products or services that are relevant to your audience. For example, if you have an Instagram account about fashion, then you would want to look for fashion brands and businesses that offer affiliate programs.
// Once you’ve found some potential partners, reach out to them and inquire about their affiliate program. If they don’t have an affiliate program, then they’re not going to be able to work with you.
Brands and businesses will typically have an affiliate page on their website where they list all of the information about their program such as the commission rates and terms of use.
Be sure to read through these before signing up for the program so that you know what’s expected of you as an affiliate marketer.
Some brands and businesses may require that you have a certain number of followers before they’ll approve your application for their affiliate program while others may not have any requirements at all.
Once you’ve been approved for the affiliate program, you’ll be given an affiliate link which will be used to promote the brand or business on your Instagram account.
Make sure to read over the terms of use for each program before sharing any links on your account as some programs may have restrictions on how and where links can be shared.
For example, some programs may only allow affiliates to share links in posts while others may allow affiliates to share links in both posts and stories.
Now that you know how to get started with Instagram affiliate marketing, let’s take a look at how much money you can potentially earn from this type of activity…
How Much Money Can You Earn From Instagram Affiliate Marketing? The amount of money that you can earn from Instagram affiliate marketing will depend on two main factors: The product or service being sold The commission rate offered by the brand or business As far as products go, some items will obviously be more expensive than others which means higher commissions for affiliates. Generally speaking, physical products tend to offer higher commissions than digital products because they cost more money upfront.. Commissions for physical products can range anywhere from 5% up to 10% while commissions for digital products are typically lower around 2% – 5%. It’s also worth noting that some brands offer higher commission rates for high performing affiliates while others have set rates across all affiliates regardless of performance.. When it comes to performance-based commission rates, it’s not uncommon for affiliates to earn 10% – 20% (or more) of each sale they generate.. As far as how much money you can make per month from Instagram affiliate marketing goes.. If we assume an average commission rate of 5% per sale , then an average order value of $100 , then 10 sales per month… That would equate to $500 in monthly earnings which isn’t too shabby! Of course, these are just averages so your actual earnings will vary depending on the factors mentioned above.. So there’s potential to make quite a bit of money from Instagram affiliate marketing depending on how many followers you have , what nicheyou’re in , what types of products/servicesyou’re promoting , and how well convertingyour audience is.. All things considered though; it’s certainly possible (and common) for people with large followingsto make $100-$200+ per monthfrom their accounts through affliiate marketing alone! If this sounds like somethingyou might be interested in pursuing further , then keep reading because we’ll now take alook at some tips & strategiesfor maximisingearningsfromInstagramaffiliate marketing… Tips & Strategiesfor Maximising Earnings FromInstagram Affiliate Marketing 1) Find High Converting Products/Services To Promote Not allproductsor servicesare createdequal when it comes torevenue potentialforaffiliates… In order totrulymaximiseearningsfromInstagramaffiliate marketing ,you needtofind high convertingproductsor servicestopromote . Conversion rateis simplythenumberofpeoplewho take action(in this case;buythe productorservice)dividedbythenumberofpeoplewhoviewedthe offer . So if 1 outof 100peoplewho sawyouroffer endedupbuyingit ;that wouldbea 1%conversionrate . Obviously ,thehigherthis numberis ;the moremoneyyou standtomakeforeverysaleyou generate . How doyoufind high convertingproductsorservices ? Well unfortunatelythere’sno surefirewaybut therearecertainboxesthat high convertingofferswill generallyticksuchas : They solvea problem They’re pricedright Thereis agood reason whytheyshould buyit (i e;good reviews ,testimonials etc ) They trust& respectthebrand There is areturn policyin placetheycan takeadvantageof Thereis good customer support available In other words ;high convertingoffersaren’t usually”too goodto be true ” typeoffers ;but insteadtheyare sensiblypricedquality productsthattick most (ideallyall)ofthe above boxes . Another wayto identifier potential highearners isby lookingat popular offerswithinwealthy audiences Thenichesthatspend themostmoneyonconsumergoodsaregoing tomakethe bestcustomersforphysicalproductaffiliates .. These includewomenover 40withdisposable income&menover 50withhigh levelsof discretionary spending .. For those inthelatter group especiallylookforbrandswhichappealtotheir ” extravagant ” lifestyle choices … High endcars ,clothes &watchesfordadsonly! Keepingallofthisinformation inmind should helpyouto identifypotential high earners amonghundreds ifnot thousands offluffy offers … But finding highearnersishalfthebattle ;equallyimportantistoconvertingthem intoclientswhich bringsusnicelyonto ournextpoint … 2) Create Compelling Offers & Content Ifyou wantpeopletoactually buywhatyou’re selling;you needtocreatesome compelling content& offersfirst … We’ve alreadybrieflysaidthatprice isn’teverythingwhenit comes topotentialrevenue but itstillplays animportantrolebecause peoplehaveto feelthat they’regettingvalue formoneybeforethey handovertheir cash … This means findingacompetitivepricepoint whichdeliversgoodvalueformoneywhile alsoleaving roomforyou tomakethecommissionthatyou desire … Another importantfactor isbuildingtrust& respectwithintarget audiencebydeliveringgood quality contenton aregular basiswhich positionsthebrand /businessasa authorityintheirownniche … This could come intheform Interactingwith customersonsocial media Providinghelpful industry specific information via blogposts Creatinghow-tovideos respondingtocustomer queries etc Allofthese factorswill playanimportantroleincreatingacompellingoffer which leadsto conversionsand ultimatelysales&Commission earnings ! 3) Use Eye Catching visuals Finallydon’t forgetabouttheimportanceof usinggood visualswhenpromotingoffersonInstagram especiallygivenhow visualthe platformis overall … We liveina veryvisualworldwhere peopleareconstantly bombardedwith images&videos so standing outfromthecrowdwith vibrant visualsisterriblyimportantifyou wanttopull inthose all importantclicks &conversions ! Good visualsdon’t necessarilyhavetobe expensive infact mostofthetimetheyre actually freeoryour ownoriginalcontent butthey docertainlyneedtocatch people’sattentionand drawtheminto learningmoreabout whatyou’re offering …. After alla picture(ortwo )is worththousandwords right ? And whenit comes togettingpeoplenoticedonline; nothing speakstallerthan visual content ! So thereyouthedefinitive guideinstagramaffiliatemarketingforbeginnerstoearn$ 100- 200permonth ! We hopeenjoyedreadingand moreimportantlyfoundit usefulin helpingyounavigatethismarketingstrategysuccessfully movingforwardinto 2021 & beyond!