Today, the internet is a vast marketplace to make money. You can make money online on various platforms like through popular platforms like YouTube, Facebook, Instagram and many more.
But is Nigeria eligible for Instagram monetization? Yes, of course! This article focuses on eight free ways to make money on Instagram in Nigeria.
8 Easy Ways to Make Money on Instagram in Nigeria
With more than 60 million Instagram users logging in daily, Instagram has become the world’s second largest, most engaged social media network.
Instagram enables users to conveniently upload media, which can be edited with filters and organized hashtags. As a result, many businesses can use it to promote and sell their products.
Undoubtedly, Instagram is one of the most lucrative ways to make money online, even with your smartphone, to fuel your financial dreams as an inspired Nigerian.
Instagram provides an endless way to make money online, from brand collaborations to affiliate marketing and even online stores.
With any further ado, lets now dive into 8 of some of the various way you can make money online using this remarkable social media platform, Instagram:
Market Affiliate Products
You may wonder why this is first on the list. The most straightforward way to make money is on Instagram in Nigeria. Presently, the number of youths, especially in Nigeria, has increased over the years.
Perhaps you may wonder what is Affiliate products and how you can make money from them. Affiliate marketing is the process of promoting what a company sells, either goods or services. You can earn money by advertising companies’ products and gaining a share for any purchase.
Post photos of the related items to advertise and then direct others to the link. Konga and Jumia are Nigeria’s most widely used e-commerce sites for affiliate marketing, providing some decent affiliate marketing opportunities.
Become an Instagram Influencer
The first question that may come to your mind is, who is an Instagram influencer when you see this? An Instagram influencer is an individual who creates credibility and an audience. Someone who can persuade others by their trustworthiness. They typically employ brand hashtags with a large number of followers.
But how can you earn from becoming an Instagram influencer? You only need to upload high-quality photos, many through brand sponsorship and more. You can make money for female influencers by promoting cosmetics products, fashion items and many others.
Brand partnerships are another excellent way for content creators or influencers to make money on Instagram in Nigeria. This is how it works: find a partner with brands that align with your interest and then market their products and services.
On the other hand, it is essential to know that promoting products like drugs and weapons is against the roles or policies of using Instagram. Thus, it is not advisable.
Although they look similar, brand partnership is quite different from sponsored posts. While sponsored posts are videos or perhaps pictures created by the brand, partnering with creators to post on the account with agreed-free, branded content entails the creator working with a brand when creating content.
Create Sponsored Posts
How does this work? Many brands are looking for celebs with massive amounts of followers over the net, like Linda Ikeji, Jalade Ekeji and many others, to sponsor posts for them. But the best part is that you don’t need to become a celebrity to start earning from sponsored posts from big brands.
You typically need about 4,000 or more followers to earn money from this way on Instagram.
Sell Products and Services
Selling a product or service is another proven way to profit from Instagram in Nigeria. Post photos or videos of the product or service you intend to sell; your followers will start ordering or buying your products.
To make money through this means, you add hashtags to your posts to quickly increase your followers on Instagram. This will expose the products or services you sell to a larger audience. If you know how to apply hashtags and post regularly, I bet you can start earning a living through this means.
Run Instagram Ads
Supposing you are familiar with Instagram and how to use Instagram ads to increase sales for products and followers, you can start earning money through this means. This is a great deal since most Nigerians do not know how to create ads on Instagram and talk about how to use it to create leads or followers on their accounts.
The use of ads to make money from social media and other platforms is typically known as “Digital Marketing.” You can watch videos about Instagram ads on YouTube to get a better understanding of Instagram ads.
Direct Traffic Blogs or YouTube Channels
Through this process, you can help individuals with blogs or YouTube channels grow traffic to their blogs. You may be wondering how much you can earn from doing this. Well, how much you can get paid depends on how many followers you have on your Instagram account.
Become an Instagram Manager
In Nigeria, depending on your experience, you can make up to N100,000 monthly as an Instagram manager, plus additional benefits you will render to your employees. It is easy and one of the fastest ways to earn money on Instagram. All you need is to manage the Instagram accounts of others or business accounts.
Furthermore, you can be paid in dollars or naira depending on the Instagram accounts you are managing and where you live. Also, if you work for a foreign client, you will need a PayPal account to get paid.
How much do content creators make on Instagram in Nigeria?
Influencers in Nigeria can make anything from N500,000 to N1 million for each sponsored post; those with more significant followings can make up to N5 million. The initial motivation for creating material was to impart your knowledge and experiences to the audience.
How many followers do you need to start making money on Instagram?
Fortunately, there isn’t a set minimum. Many influencers on Instagram who have fewer than 10,000 followers are compensated.
Does Instagram pay for likes?
The answer is no; Instagram does not compensate users for likes. Moreover, users of the social media site Instagram can post videos and images to their followers. Then, users can express their support or gratitude for a post by giving it a like.
Can I earn money by posting photos on Instagram?
You can check your progress and earn money on Instagram by running advertisements. Any post can be transformed into an ad by boosting it, and you can see from your Instagram statistics how much of an impact the boost has.
Does Instagram pay for reels?
Yes. In fact, by making Reels, you can make $1000, $5000, or even $10,000 every month. Instagram’s Reels Bonus program makes it all possible.