You’ve probably heard stories of Instagrammers cashing in on the pictures they snap and share every day. You might’ve even looked at your own sizeable following and thought, “Maybe I can do that too.”

Just like bloggers, YouTubers, and anyone who’s amassed an audience around the content they produce, creators have reach, influence, and the Instagram algorithm figured out—three things many companies struggle with.

Together, reach and influence offer the opportunity for Instagram creators to explore multiple streams of potential revenue, whether they want to build an empire or just earn some extra cash and free stuff.

How many Instagram followers do you need to make money?

If by now you’re wondering how many followers you need to start bringing in real revenue, the short answer is “not as many as you think.”

The long answer depends on factors that range from:

• What niche you’re in and how easily you can directly tie it to a product category (fashion, food, beauty, and fitness are popular niches, based on top Instagram hashtags)
• How engaged your followers are (100K fake followers won’t amount to much)
• Which revenue channels you explore

Naturally, the more engaged followers you have, the better. Check out our tips on how to get more followers on Instagram and what to post on Instagram to get more likes and followers.

While top Instagrammers make thousands of dollars per post, even those with small-but-engaged followings of 1,000 have the potential to start making money. 

How to make money on Instagram in 2020

Depending on your unique brand of Instagram content, your audience, and your level of commitment, you can make money on Instagram in the following ways:

1. Work with brands on sponsored posts
2. Become an affiliate
3. Open your own online store
4. Sell your photos online or on things

For more information on how to make money with Instagram, check out the INSTAPRENEUR ACADEMY, where we'll teach you step by step guides on how to make up to 7 figures just with Instagram