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5 Easy Ways to Make Money on Instagram

5 Easy Ways to Make Money on Instagram

With over 300 million users sharing more than 70 million photos and videos each and every day as of January 2015, it’s not all that surprising to realize that several big Instagram users are raking in big bucks from the millions of people who follow them and engage with their posts.

What’s even more inspiring is that most of them are just normal people who stayed persistent with posting and interacting on their accounts to build up their followers over time.

If you love interacting on Instagram and have a sizeable number of engaged followers, or if you’re at least willing to put in the time and effort to start building it up, then there’s no reason why you shouldn’t be able to start making hundreds or even thousands of dollars from this one social platform alone.

There are lots of different routes you can take to start earning, and while they may seem “easy” on the surface, keep in mind that any kind of online income generation strategy takes time and work before you start seeing real results.

Here are five popular options you have to start making money on Instagram relatively quickly if you have great posts and/or a big following.

1. Sell your Instagram photos to brands that want to use them.

Suggested tool: Foap for iPhone and Android

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    If you just love taking photos with your mobile device and consider them to be of pretty high quality before posting them to Instagram, then it’s very possible that you could start licensing your photos to companies that are willing to pay to use them for their own brand building purposes.

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    Foap is a popular online photography marketplace that let’s you do just that. You can sign up for free, create a new user profile, build your portfolio to start attracting buyers, and browse through the “Missions” section for high paying projects that companies are specifically looking for.

    This is perhaps the easiest way to start making money from the existing Instagram photos you have, because you don’t necessarily need to have a huge following to do it. All photos cost $10, and the only major downside here is that Foap takes half of it.

    Payments are delivered to you by PayPal, and since it’s a community-based marketplace, you can browse other users’ photos, follow the ones you like to see their photography in your home feed, and also give and receive feedback. You can check out this user profile for an example of what a typical profile might look like.

    Foap Missions always start at $100 and go up from there, so if your submission is chosen and purchased by the company that launched the Mission, you could earn quite a bit. Just keep in mind you’ll be competing with several other users and their submissions as well.

    2. Earn commissions for selling other companies’ products or capturing leads.

    Suggested tool: Peerfly

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      Selling other companies’ products and services or capturing leads for them is another fast and easy way to start making money on Instagram. Peerfly is a popular affiliate network that allows you to sign up and get started for free.

      Once approved, you’ll be able to browse their current promotional offers listed as “Social” under the “Traffic Methods” tab. You can then sort through the offers by pay, earnings per click (EPC), or click-through rate (CR) to choose something you’d like to promote.

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      All you need to do to start promoting an offer is copy the unique URL and paste it in your Instagram bio’s website section. When other users’ click on it to check it out, you could earn a commission if they decide to enter their personal information (like their email address) or buy something. An example account of someone who’s selling another company’s products is @bookwcrms — T-shirts, in this case.

      What’s great about a network like Peerfly is that you can easily earn a few bucks just for capturing leads, which is much easier than making sales.

      You may have to request approval from Peerfly first before you can start promoting, however, but getting approved is usually no problem. Make sure you stick to the offers listed under the social traffic methods only, since Instagram is a social platform.

      3. Capture email subscribers and refer them to affiliate links (or your own products).

      Suggested tool: MailChimp

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        If you do pretty well with capturing leads for an affiliate or CPA network like Peerfly, you might want to consider building your own email list of leads. MailChimp is popular email list-building service that lets you gather up to 2,000 email subscribers for free. You can also create and schedule emails to be sent out to your subscribers, which you can use to send them purchase links to affiliate products or even your own products that they may be interested in buying.

        MailChimp is a fantastic tool to choose for this, because it lets you easily build your own landing page forms and email templates so you can make it look and say exactly what you want. Once you have your landing page set up, you can simply copy and paste the URL into your Instagram bio’s website link

        Instead of sending leads to another company’s email form, you’ll be sending them to your own. A good example to check out is @home_business_profits, who’s currently sending people to his own email submit form in the website section of his profile.

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        You won’t make a couple bucks for every user that signs up, but you’ll have the ability to keep in touch with subscribers by email, build a relationship with them, and sell to them again and again as long as they decide to stay on your list.

        MailChimp makes it easy for beginners to get started, but if you end up collecting 2,000 subscribers or maybe want more options to interact with your list, you may need to sign up for one of MailChimp’s premium packages.

        4. Join a multi-level marketing company to build your own team of network marketers.

        Suggested tool: Team Beachbody

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          Instagram is a very open and social place to show off visual content, making it a premiere platform for inspiring people and making lots of new friends.

          There are countless network marketers who have built solid businesses through Instagram alone, selling the products of the MLM companies they’re promoting to users who love looking at their photos or videos. Many of them even end up bringing on new people they meet on Instagram to join their teams.

          Since there’s such a massive fitness community that’s so incredibly active on Instagram, Team Beachbody is a good MLM company to consider working with.

          You can easily start posting photos of your healthy meals, your workout routines, and anything that might offer inspiration or motivation to followers who want to get in shape. Don’t forget to provide the URL in your bio to your network marketing website or product link, and make sure to include some contact information in case users have questions.

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          There are tons of accounts out there to check out how it’s done, but a popular one in particular you can check out is @mindywender, specifically for Team Beachbody network marketing.

          Network marketing on Instagram may not be as easy as some of the options presented above, but if you’re a hard worker and avid user of the products you’re promoting, it can quickly become a very lucrative home business.

          The major downside here is that most MLM companies require you to invest in a starter package and/or monthly fees to stay active and promote their stuff. On the upside, you’ll be placed under another team member who can help you start earning and building your own team.

          5. Connect with advertisers that are willing to sponsor influential Instagram users.

          Suggested tool: The Mobile Media Lab

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            This last Instagram money-making tactic is really only easy if you’ve got the followers and engagement to show for it. So if you’re someone who has ideally tens of thousands of followers or more, and you can rack up lots of likes and comments within minutes of posting, then you may be in good position to try getting at least a few good sponsorship deals from companies that would be willing to pay you to promote their brand to your audience.

            You could reach out to companies’ marketing departments directly, or you could try applying to The Mobile Media Lab instead — a creative agency specifically focused on bringing influential Instagram users and advertisers together.

            If chosen, you could easily start earning hundreds or thousands of dollars for a single post that features a product from big brands like Coach, Expedia, Timex, Puma, and others. @weworethat is a massively popular Instagram account that pulls in over six figures in sponsorships from apparel and accessory companies that want their products featured on her account.

            Making money here is the easy part — building a huge, loyal following is obviously not so easy. The good news is you may be able to score a few smaller sponsorships even if you have below 100,000 followers. The Mobile Media Lab has a sign-up form to apply to work with them, but given that they’re only interested in working with the most influential Instagram users, there’s no guarantee you’ll be approved.

            Instagram has really opened up some new doors for business owners and entrepreneurs all over the world. Whether you’re just a student looking to make a few extra bucks on the side, or the CEO of an international company looking to build its brand and reach a new audience, Instagram can help you do it.

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            Last Updated on January 2, 2019

            How Personal Finance Software Helps You Get More Out of Your Money

            How Personal Finance Software Helps You Get More Out of Your Money

            Do you know what mental health experts point to as the biggest cause of stress in the United States today? If you said “money,” then ding, ding, we have a winner!

            Three out of four adults today report feeling stressed out about money at least part of the time. People are either worried about not having enough money or whether they’re putting the money they do have to use in the best possible way.

            Your money is either in charge of you or you’re in charge of it, there’s no middle ground. Using some type of personal finance software can help alleviate some of that money stress and better allow you to manage your money effectively. Without it, you may just be setting yourself up for constant financial worry. Life is already tough enough and there’s no need to make it more difficult by simply hoping your money issues will all work out in your favor. Hint: they won’t.

            This guide will help you to understand how personal finance software can better assist with both accomplishing long term financial goals and managing day-to-day aspects of life.

            Whether it’s tracking the savings plan for your child’s college fund or making sure you won’t be in the red with the month’s grocery budget, personal finance software keeps all this information in one convenient place.

            What Exactly is Personal Finance Software?

            Think of it like the dashboard in your car. You have a speedometer to tell you how fast you’re going, an odometer to tell you how far you’ve traveled, and then other gauges to tell you things like how much gas is in the tank and your engine temperature. Personal finance software is essentially the same thing for your money.

            When you install this software on your computer, tablet, or smartphone, it helps to track your money — how much is going in, how much is going out, and its growth. Most personal finance software programs will display your budget, spending, investments, bills, savings accounts, and even retirement plans, levels of debt, and credit score.

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            How It Leads to Financial Improvement

            It shouldn’t come as a surprise, but people who regularly monitor their finances end up wealthier than those who don’t. When you were a kid, keeping track of all of your money in a porcelain piggy bank was pretty easy. As we get older, though, our money becomes spread out across things like car payments, mortgages, retirement funds, taxes, and other investments and debts. All of these things make keeping track of our money a lot more complicated.

            Some types of personal finance software can help make things a little less complicated, setting you up to meet financial goals and taking away some of the stress associated with money.

            Even if you already have a Certified Financial Planner (CFP) some type of personal finance software can be of great benefit. Whereas CFPs focus on the big picture of your money, they don’t handle the day-to-day aspects that determine your overall financial health.

            It’s also not nearly as complicated as you might think and can take out a lot of the tedium that comes with doing everything on an Excel spreadsheet or with a pad and pencil.

            Types of Personal Finance Software

            When it comes to personal finance software, it generally fits into two categories: tax preparation and money management.

            Tax preparation software such as Turbo Tax and H&R Block’s software can help with everything from filing income taxes to IRS rules and regulations and even estate plans. Plus, there’s the benefit of filing online and getting your refund check a lot faster than if you were to mail off your forms after waiting in line at the post office.

            For the purpose of this article, however, will be focusing more on the personal finance software that aids with money management.

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            Money management personal finance software will help you to see the health of your cash flow, pay down debt, forecast for expenses and savings, track investments, pay bills, and do a host of other things that 30 years ago would have practically required a team of accountants.

            When to Use Personal Finance Software

            So far we’ve gone over what exactly personal finance software is and how it can be a benefit to your money. The next logical step in this whole equation is determining when it should be used and how is the best way to go about getting started using it.

            Below are four of the most common and practical ways to use personal finance software. If all or any of these apply to you and your money, then downloading some type of personal finance software is going to be a smart move.

            1. You Have Multiple Accounts

            There’s a good chance that when it comes to your money, it’s in more than one place. Sure, you probably have a checking account, but you may also have a savings account, money market account, and retirement accounts such as an IRA or 401k.

            If you’re like the average American, you probably have two to three credit cards as well. Fifty percent of Americans also don’t have loyalty to just one bank and spread their money across multiple banks.

            Rather than spending hours typing in every detail of every account you have into a spreadsheet, many programs allow you to easily import your account information. This will help to eliminate any mistakes and give you a bird’s eye view of everything at once.

            2. You Want to Automate Some or All of Your Payments

            Please don’t say that you’re still writing out paper checks and dropping each bill in the mailbox. While it’s noble that you’re doing your part to keep postal workers employed, we’re 18 years into the 21st century and you can literally pay every bill online now.

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            There’s no need to log into every account you have and type in your routing number either.

            With personal finance software you can schedule automatic payments and transfers between all of your imported accounts. Automatic transfers will help to make sure you have the necessary funds in the right account to ensure all bills are paid on the appropriate date. Late fees are annoying and do nothing but cost you money. It’s time that you said goodbye to them once and for all.

            3. You Need to Streamline Your Budget

            Perhaps the best feature of personal finance software is that it allows you track everything going in and out of your virtual wallet.

            Nearly every brand of personal finance software out there has easy-to-read graphs and charts that allow you track every cent you spend or earn, should you choose. You might be pretty amazed when you see just how much you spent on eating out last month or if you splurged a little more than you should have on Christmas gifts last year.

            Every successful business on the planet has a budget and using personal finance software can help you trim the fat on your spending in ways that affect your everyday life.

            4. You Have Specific Goals to Meet

            Maybe it’s paying off debt or saving for up something like a European vacation. Whatever your financial goal is, whether it’s long-term or short-term, personal finance software programs are one of the savviest ways to go about reaching those goals.

            You can do everything from set spending alerts to notify you when you’re over budget to automating what percentage of your paycheck goes to things like retirement investments. The personal finance software that you choose should show you exactly how close you are to hitting those goals at any given time.

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            How to Get Started

            From AceMoney to Mint and Quicken, there ’s no shortage of personal finance software apps out there. Many of these programs are free to download and will allow you to pay bills, invest, monitor your net worth and credit profile, and even get a loan with the swipe of a finger.

            Other programs may only offer you limited services and will require a one-time fee or subscription to unlock all that they offer. These fees can often vary from as little as two dollars to 50 bucks a month.

            It’s best to start off with the free version and then gauge whether you’re able to accomplish everything you’d like or if it’s worth exploring one of the paid options. Often times the subscription programs come with assistance from financial planning and investment experts — so that can be a real benefit.

            When deciding which personal finance software program to use, it’s also important to look at how many accounts you wish to monitor. Certain programs limit the number of accounts you can add. Be sure that if you have checking, credit card, and investment accounts to monitor, that you choose a service that can monitor them all.

            Finally, when looking around for the right personal finance software that meets your needs, make sure that you’re comfortable with the program’s interface. It shouldn’t be expected that you recognize every single feature instantly, but if the features don’t seem readable and manageable to you, then you’re not as likely to use it and get the full benefits.

            Final Thoughts

            Personal finance software can go a long way in helping you to take control of your money and meeting your financial goals. It’s important to note, however, that some focus more on budgeting and expense tracking while others prioritize investing portfolios and income taxes. Explore several different programs and read reviews to find the one that’s right for you.

            In this day and age, managing one’s personal finances in a secure manner that allows the user to have a real-time visual representation of their money is easier than ever before. With the numerous applications that are out there — both free and subscription-based — there’s no reason that every person can’t take control of their money and ensure they’re making smart money moves.

            Featured photo credit: rawpixel via unsplash.com

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