PIB43 – Instagram: How To Monetize & Build Your Business
This is episode #4 of the Instagram For Business Series, if you have not yet listened to the first three episodes of this series go back and listen to Episode 40, Episode 41 and Episode 42. In this episode, we talk about some of the many different ways that you can use to begin to monetize Instagram and grow your business!
Although there are many different ways that you can monetize your Instagram, I would like to narrow it down to just six general strategies that can get you going and start to increase your sales for your business… as well as hopefully motivate you to keep putting in the effort it takes to grow and build your business on Instagram!
6 Ways To Monetize Instagram Following
- Post about your products, services, courses, and coaching opportunities
- Promote your Ecommerce site, Etsy shop, and / or your Amazon shop
- Utilize DM (direct messaging)
- Get paid shout outs / collaborations with other large accounts
- Build and grow your email list
- Eventually sell your account (if it becomes large enough and has high engagement)
Although not all of these options are for you, I recommend picking one or two of the above strategies and just hit the ground running. So many people are already making money and monetizing their Instagram accounts — so why can’t you? This is an amazing platform to build up your audience and to grow your business!
Now that you have decided on which way you would like to monetize your Instagram account, let’s talk about the steps that you need to take in order to get your account ready to actually make money for you.
4 Steps You Need To Take To Monetize Instagram
- Get on Instagram (Episode 40)
- Brand yourself and your account (Episode 41)
- Grow your following (Episode 42)
- Implement the monetization strategy of your choosing (Episode 43)
Basically what you are looking at is this: steps 1-3 are simple (yeah, duh!) but they are the foundation you need in order to move on to step four — basically without those first few steps, when you go to monetize your account on step four everything will fall apart and you will not see the results you were hoping for.
Digging a little deeper into step #4, I want to give you three basic tips that are almost detrimental to the success of you monetizing your Instagram account. Ready? Here they are:
- Never use fake followers
- Share a TON of testimonials
- Utilize the one link you have on your bio
Now all you need to move forward it to simply decide on which ways you feel would work best to monetize Instagram and then take action and implement the four step strategy outlined for you in this post.
If you are just starting out on Instagram, have been on it for a while now but don’t seem to get it, or feel like you aren’t getting anywhere — I have put together a great and easy-to-use guide just for you! Click the link below to get your FREE guide to getting started on Instagram and growing your community!
Thanks for listening to todays episode of the Passion In Business Podcast, stay tuned for next week’s episode where how to monetize Instagram and build your business.