Making money through Instagram Affiliate Marketing can be tremendously lucrative, and most especially with the almighty social media platforms in the world. With Instagram Affiliate Marketing, you can share your stories by sharing catchy images with full content descriptions. The definite guide to using Instagram to make money in 2021?
The definite guide to using Instagram to make money in 2021? As of this year, the industry is estimated to be worth more than $12 Billion revenue in ads sales and marketing.
As of this year, the industry is estimated to be worth more than $12 billion globally. More than 80% of brands currently operate some kind of affiliate program, and they exist in every niche you can think of. Affiliate marketing is a form of revenue sharing. You (the affiliate) share links to a third party’s products (the merchant).
Each time a customer purchases using your affiliate links, you make a commission. Merchants use affiliate management technologies, such as Impact Radius, to monitor and reward their affiliates while affiliate marketers use affiliate tracking software to track and optimize their campaigns.
There are many ways to promote your affiliate links and make money, and using social media is just one of the most effective. Here are some of the best Instagram affiliate marketing strategies.
Tips On How to Make Money on Instagram Affiliate Marketing
If you are interested in Instagram Marketing! The guide below will help you to make money on Instagram affiliate marketing.
1. Define Your Style. Be Empathetic And Sensitive.
People tend to trust people they perceive as being like them, be aware of what’s going on around them and seek to use your influence and reach to address these problems. Don’t be afraid to address the ways in which the world is a scary place right now.
2. Run Contests And Giveaways.
Instagram contests are a great source of affiliate leads.
They can drive traffic to your site, grow your following, increase your engagement, and make you more attractive to the best affiliate programs in your niche.
The mechanics of your contest should reflect your goals. For example, if you want to get more followers, you should require participants to follow you in order to be eligible for entry. You can also ask your followers to tag a friend. Photo contests where participants must tag you and the brand or use a special hashtag are also hits among the Instagram community.
3. Invest in Sponsored Posts.
A sponsored post is a type of paid advertising where you pay a fee to Instagram to put your content in front of more people. If your Instagram profile is attached to a Facebook Business page, you can easily advertise on Instagram through Facebook Ads Manager. Otherwise, you need a business profile to take advantage of Instagram’s promotional features.
If you don’t have much of a following or you have just started your Instagram profile, the sponsored posting is a great way to boost your following and engagement. Do check, they are countless Instagram hacks to increase your followers so as to maximize the power of Instagram Affiliate Marketing.
You can define who you would like to see your sponsored posts based on target demographics and interests.
4. Be Smart With Your Hashtag Game.
Hashtags are a great way to get your post noticed by the right people. They allow people who aren’t following you to find your content, and they help build a community around your posts.
Hashtags allow you to be part of a wider conversation centered around a niche, an interest, a geographical location, or an event. You can use up to 30 hashtags in an Instagram post. Unlike other social media platforms, the more the better. As long as they’re all genuinely relevant, use as many hashtags as you like.
Do some research to see what other affiliate marketers and influences in your niche are using. You should also take some time to see what’s trending and tie a promotion or product ad to a trending hashtag. As an affiliate marketer, hashtags can also keep you on the right side of advertising law and Instagram regulations. And applying all these strategies on Instagram Affiliate Marketing you are sure of getting passive results every day.
5. Include a Coupon Code in Your Photo Description or Instagram Story.
Although you cannot post affiliate links directly in your Instagram captions, coupon codes in form of n image are a great workaround. If you have an exclusive coupon code for a great discount or bonus, it’s a win-win for you and your audience. They’ll get a great deal, and you’ll become a preferred affiliate each time they shop. A coupon code works quite similarly to an affiliate link:
When your followers go to your partner’s online store and type in the coupon code, the site recognizes it as a referral from you and credits your account with the commission.
Include coupon codes in your bio, photo captions, or your Instagram Stories. You can even edit them directly into images so followers will see them as they scroll through their feed if you wish.