Every day while scrolling through Instagram, you may have come across thousands of posts that Instagram creators share to earn some big bucks. Then, while taking a look at your profile, you may have thought maybe there is a way to make money on Instagram with 500 followers.
Five hundred followers do sound like a pretty low number for Instagram, but if you come up with great engaging content, the day won’t be far when you’d be having thousands of followers. The key to bloggers, YouTubers, and even creators earning huge cash is they have built a strong audience around the niche they cater to, which means that they have a stronghold on the reach and influence.
Instagram’s reach and influence allow the creators to build their careers and discover multiple ways by which they can earn potential revenue and even some gifts. To make money on Instagram with 500 followers, one needs to have a strong influence on their audience. First, it is the content, and then it is your followers that will help your content reach the benchmark you have set.
There is never a specific number of followers that you need to start earning money through this platform. You can withdraw from as low as 500 to as high as 5K followers. Though different factors align with these numbers in determining how much and how frequently you can earn money.
Different Ways to Earn Money on Instagram with 500 Followers
Instagrammers with 30-80K followers can charge any amount quickly between $25-$50 per post. With a considerable following of 107 million, top Instagrammer Kim Kardashian charges over $500,000 for a single post. There is a good chance of you earning this much on the platform even if you start making money on Instagram with 500 followers only.
Earning from Instagram depends on many factors, including the type of content you are into, how much your audience is dedicated to you, how much trust they have in you, and how well you can commit to Instagram. If you and your account go well with all these factors, you can start earning money on Instagram in these ways:
Sponsored Posts
If you think of yourself as an influencer, building an online reputation amongst your audience by sharing your life or the things you are into, what brands and products you like can reach out to brands for sponsored products. The influencer culture has led many people into buying stuff that is recommended or used by an influencer. These days, people will believe an influencer’s review more than what the brand has to say about their product.
Many brands partner up with influencers to help spread the word about their products to the audience. Now here, brands don’t care about the number of your followers; two things they care about are the trust your audience has and the engagement of your content.
When you are just starting on Instagram, you may not see brands coming to you directly. You need to put in some effort here and reach out to the brands offering them a deal. Besides this, you can also enlist yourself on an Influencer Marketplace to increase the chances of being discovered.
Brand Ambassador
Another way to make money on Instagram with 500 followers is to become the brand ambassador for a company. Technically, this is not in your hands as you cannot ask a company to make you their brand’s face, but you can create engaging sponsored posts that attract a more extensive group audience. The brand will see how well you are engaging with the audience and how much you have helped their product reach out.
These factors will make the brand want to work with you regularly and promote their business. There are higher chances of users exploring a brand name on Instagram than on Facebook or any other social media platform.
Affiliate Links
Unlike a sponsored post, affiliate links can bring more sales and money for a brand, preparing them to spend more money on promos. It is easy to get yourself registered into a high-quality online affiliate marketing program and earn money by making promo codes. You can add these links in your Instagram bio and also incorporate them into your post.
How many times your affiliate links are turning into sales can be tracked using a trackable link or a promo code. And since you cannot put links anywhere else on your profile other than the bio, you must focus on only one product at a time.
Online Store
If you are a brand owner, the best way to earn money and grow your brand is by opening an online store on Instagram. You can easily set up your Instagram shop and get a website created for your products. You don’t have to worry about the followers you have or what reach you have. Just focus on coming up with good quality products and content that will let your targeted audience know about the product that you are selling.
Schedule Instagram posts for up to a month, take high-quality pictures of your products, make IGTV tutorials on how to use your products in different ways, collaborate with others to help grow your brand. These are the different ways that will help you in creating a good reach for your online store.
Final Pronouncement:
These are the 4 best ways by which you can start to earn money on Instagram with 500 followers. These methods do not come with any restrictions or any rules that you need to follow. As mentioned above, it is all about your audience and the influence you have on them. Above that, how committed you will be to increasing your engagement on the platform.
Feature Image Credits: Shopify.com