(Newswire.net — April 30, 2020) — Depending on where you reside, you might have noticed that sales and revenues of companies and individuals have begun to surge towards the lower end of the spectrum thanks to the CoronaVirus pandemic.
Some sectors of the economy have experienced total cessation of activities due to this virus. It has led to a majority of firms and individuals adopting online platforms, such as Instagram to do business. Instagram is a social networking platform where individuals share videos and photos either publicly or privately.
Instagram can be exploited not just for fun, but also as a money-making platform as many individuals and organizations are currently doing. This review will look at how you can make money on Instagram during the CoronaVirus pandemic.
Making Money During the CoronaVirus Pandemic
Promotion of Sponsored Content
Instagram like any other social platform, allows for marketing whereby companies pay for their adverts to appear on the feed of everyone in a specific location. This is known as sponsored content.
As an influencer, you can seek to help these promote the sponsored content by posting the products in their feed at a fee. Having a good follower base means more people viewing, and the more likely they are to make purchases. If you don’t have enough followers yet, it is easy to buy them.
Affiliate Marketing
In Affiliate marketing, you sell products or services of a client and you get a commission. This has become an upward trend in recent times. Most companies targeting to make sales online sell their products using affiliate programs during the CoronaVirus pandemic.
Many people tend to confuse affiliate marketers and product influencers. The former sells products and gets a commission, whereas the latter creates awareness regarding a product and gets paid for it. Affiliate marketers track their sales through promo codes, which they avail to the public for use when purchasing to receive discounts.
Selling Photos & Any Other Virtual Merchandise
Instagram is all about visual content, which means you can sell all photogenic material on this platform. By photogenic stuff, we mean items such as photos, paintings, animations or videos, and plenty more besides.
When using this method to try and make money ensure the content you post on your feed is of very high quality because your prospective clients will most likely be swayed by the attention to detail in your work. Also, with people not having a lot to do during this pandemic, you are more likely to see an increase in your post viewership.
Selling Your Physical Merchandise
The Coronavirus pandemic, has created a lot of spare time for many and you can use this period to make your own merchandise and sell it online. This e-commerce model, unlike the rest, requires you to stock up, meaning you need some startup capital to do this.
You are permitted to post photos or videos of products in your feed or post them in the stories feature. You can further increase the viewership of your posts by tagging individuals to the posts and using trending hashtags on the post as well.
Using the Link in Bio Feature
You can also make money on Instagram by linking websites to your Instagram biography. This enables people who come across your account to click on the link, and be redirected to the website that you have linked. From this point, they can view the available products or services and hence make purchases.
To fully exploit this feature, make sure you have a large follower base. Also post on the regular referring to the link in bio, and this will draw even more people to your account and hence enable you to make more sales.
Selling Instagram Accounts
You can also make money on Instagram by selling accounts. This becomes viable when you can build accounts from scratch, and get a good follower base over a short time by using follow trains and trending hashtags. After hitting the targeted number of followers, for instance, ten thousand your source for buyers.
Conclusion
To sum it all up, the CoronaVirus pandemic has impacted a lot of businesses and individuals negatively. Rather than staying at home literally doing nothing, you can adopt some of the ways of making money online as discussed above.