Practical Tips for Making Money on Instagram

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Instagram isn’t just for liking photos or sharing memes; it can also pay the bills. Turning your Instagram into a side hustle (or even a full-time gig) is possible, but the journey to get there isn’t all glitz and glamour. You won’t wake up one morning with a brand deal in your inbox and thousands of pounds rolling in overnight. Still, if you’re dedicated, strategic, and patient, there are ways to make big money.

Here’s a realistic step-by-step guide to turning your Instagram content into cash.

 

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How many Instagram followers do you need to make money?

This is the first question most people ask when they’re starting out. The answer is: Not as many as you may think. “Micro- and even nano-influencers on Instagram are supplementing – or even replacing – their income with content creation on the social platform,” according to social media management company Buffer. That means you don’t have to be a celebrity or influencer with a blue tick to earn an income. You just have to be consistent and connect authentically with your followers.

To break it down:

  • Nano-influencers (1,000 to 10,000 followers) can make money through affiliate links and gifted partnerships.
  • Micro-influencers (10,000 to 100,000 followers) often earn from paid collaborations or brand deals within their niche.
  • Macro-influencers (500,000 to 1 million followers) can access Instagram monetisation tools such as Reels bonuses, badges, and subscriptions.
  • Mega-influencers (over 1 million followers) earn from larger brand sponsorships, merchandising, and ad revenue.

Ultimately, engagement matters more than raw numbers. A small but active following that comments, shares, and buys from your recommendations is far more valuable than a large, silent audience.

How do you actually make money on Instagram?

You’ve built up your profile, started posting consistently, and maybe even gathered a small but loyal following. Now what? How do you actually turn those likes, comments, and DMs into an income?

1. Sponsored posts and brand partnerships

Sponsored content is one of the most popular ways to monetise Instagram. Brands pay creators to promote their products or services in exchange for exposure. A survey by influencer marketing platform Later found that 94% of creators earn from brand partnerships, “making this the most popular revenue stream.”

“Sponsored posts look like native content on the social network, blending with organic content in the user’s feed,” Jessica Janasoy writes for social media management platform Sprout Social. An actor, for example, may collaborate with a headshot photographer, shouting about how happy they are with their headshots. Sponsored content should always use Instagram’s Paid Partnership tag, which ensures transparency and earns audience trust (and is compliant with UK advertising rules).

How much you earn depends on your follower count, engagement rate, and niche. According to industry data, nano-influencers are estimated to earn up to £200 per post, and micro-influencers up to £500. 

If you’re eligible, you can also use the Instagram Creator Marketplace, where you can stand out to the right brands.

2. Affiliate marketing

Affiliate marketing lets you earn commission for products or services sold through your unique links or discount codes. It’s especially effective if your followers see you as an expert in your field. A voice actor, for instance, may share their favourite recording gear, while a model could promote skin-care or fitness products. “When you become an affiliate or a referrer for a brand, you’re essentially signing up to be able to earn a commission when you refer people to their products or services,” writes influencer By Rosanna

The key is to be selective. Promote products you genuinely love and that fit naturally into your content. Most influencers add links to their Instagram Stories or Reels. “Commission rates for affiliate marketing contracts vary, but generally, creators can make anywhere between 5% and 30% commission promoting products through Instagram,” Jenni Stablein writes for the Leap.

3. Instagram’s built-in monetisation tools

Instagram now offers several in-app ways for creators to make money directly.

  • Badges: When you go live, followers can purchase badges to show support. It’s like tipping during a performance.
  • Bonuses: If you’re eligible (the scheme is invitation only), Instagram pays bonuses based on your Reels’ performance.
  • Subscriptions: Creators can offer exclusive content, such as behind-the-scenes access or tutorials, to paying subscribers.

Each tool comes with Instagram monetisation requirements, such as minimum follower counts, consistent content, and compliance with community guidelines. Check Instagram’s official creator dashboard for the most up-to-date eligibility info.

4. Selling products

Another way to monetise Instagram is by selling directly to your audience. “Among consumers, Instagram topped the list for social shopping purchases in 2023,” according to Sprout Social.

Creators often use Instagram Shopping or link-in-bio tools to sell merchandise, digital products such as e-books or online workshops, and services such as acting coaching sessions or creative consulting.

“Shoppable posts allow users to tap on an image or video and see product details, pricing, and a direct link to purchase,” explains email marketing platform Mailchimp. “This feature turns your regular content into a sales channel without disrupting the user experience.” 

5. Third-party platforms

If you’ve built a loyal fanbase, third-party platforms such as Patreon, Ko-fi, and Buy Me a Coffee could be a good way to increase your funds. The sites integrate easily with Instagram and allow your followers to pay for bonus content, personalised messages, or creative tutorials.

Some ideas for actors could include day-in-the-life videos or audition advice. Behind-the-scenes content is a great way to connect more deeply with your audience.

To make any of these methods work, the most important thing is to post consistently and engage authentically. If you do that, making money on Instagram is absolutely possible. It takes commitment and creativity, but, in time, your hard work can pay off. The secret is to think of your Instagram as more than just a social feed. It’s your digital portfolio, your networking tool, and, soon, your income stream.