The platform has the power to transform an ordinary person’s life into something much bigger. The rise of influencer marketing has paved the way for these opportunities. Being an Instagram Influencers isn’t longer just for the bragging rights. Users can monetize Instagram account and transition to a be a bona fide social media professional.

But how exactly and how much do you earn on Instagram?

It depends on a few factors such as follower count, engagement rate, and negotiation skills. Celebrity and mega influencers earn a lot because they have millions of followers, therefore, a wider reach. Their influence also extends outside Instagram which is highly attractive to businesses and brands

However, generating sales is not always the main point of affiliate marketing. Some companies are willing to pay you money just as long as they click on your affiliate link. It simply depends on the arrangement and terms of services for the affiliate link.

A big portion of the income from celebrities and mega influencers comes from brand endorsements. Brand endorsements on Instagram work the same way in conventional advertising platforms such as television, print, and billboard placements. Once a company taps you to endorse their product, you will get paid per post.

There are other incentives based on engagement, reach, and different metrics, depending on your arrangement. However, not every influencer can qualify for brand endorsements.

Companies are usually looking for influencers with more than ten thousand followers. The more followers you have, the more chances you have of getting an endorsement deal. You can also demand bigger rates if you have more followers.

As an Instagram influencer, a company will ask you to produce content for them and pay you for posting it on your Instagram account.

Video product placements are your Instagram version of television commercials. You get paid by placing a product within the frames of your pictures or videos. The companies that own these products will then pay you for doing so. You can feature services on your product placements, too. Of course, you can’t demand every company to pay for product placements unless you secure a contract first. So, it’s much better to get that deal before expecting anything.

Before you can start monetizing your account, you need to establish a considerable number of following first. Aside from followers, your engagement rate should at least be 3%.

To help you achieve these metrics, different providers sell Instagram growth services such as likes, comments, shares, and more. The truth is, even the biggest influencers in the industry still need to get a boost from time to time.