How to Become an Instagram Millionaire - For Finance Sake (2024)

Many of us have fantasies of becoming a millionaire by way of Instagram. Why can’t we be like the Rich Kids of Instagram or Instagram guruLiz Eswein —who was able to starther own social media management firm following the success of her account?

Of the hundreds of millions of Instagram users, it can’t be that hard to match your income to your lavish-lifestyle instaphotos look, right?

Turns out, figuring out the minefield that is social media and determining how to make your account a gold mine isn’t as easy as it sounds. Luckily, Dorry Levine, a digital-media strategist from ReThink Media and Nick (who tells us heprefers not to disclose his last name), creator of the popular @MillionaireLifestyleInstagram account, provides a few tips to grow your account into a money maker.

1. Look and act the part

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It starts with the million-dollar photo, Levinesays. It should be a clear, high quality and attractive with an image that’s identifiable. Olympic runner Usain Bolt’s Instagram is the perfect example of this — taking ownership of his brand and profession as an athlete and competitor.

“Pixelated pictures aren’t a good look,” shecautions. “Show that you’ve given some thought and attention to this.”

A similar effort should be put into the username, which should match the message you’d like to convey. Make sure you know the purpose for your account. Is it professional? Personal? It’s most likely best to simply use a variation of your name, she says. But if it’s personal, it’s okay to have a bit more fun with it.

Just like a cover letter, your bio should help to clearly describe or provide an explanation for your perspective and what’s unique about you or your account.

“Don’t write anything in any of your bios that you would not want to be publicly associated with you, regardless of your privacy settings,” cautions Levine.

In writing a bio,Nick says it facilitates figuring outwhy you want followers in the first place.

“Come up with a strategy,” he says. “You don’t want followers just for the sake of having followers.”

2. Make it interesting

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Images you post on your account should be just as clear as your profile image, meaning high quality and unpixelated. These platforms, Levine says, emphasize strong visuals, like videos and pics.

Most importantly, Levine points out that you should know why your account matters. What does it add to the conversation?

“Why would someone care to read what you post?” she says. “Add your perspective and insight, so you aren’t one of the masses just posting the headline of an article you read.”

Take @waverider_—with 1.7 million followers, he foundhis niche by consistently postinghis own unique content by mimicking the top celebs, such as singerAriana Grande.

3. Be consistent

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Levine says that “the frequency and regularity with which you post is correlated with the number of followers you have.” Posting regularly and often (daily or several times a week) enables followers to stay in regular communication with you while you offer your unique take on whatever topic you’re covering.

For instance, Puff Daddy — also known asthe rapper P. Diddy — posts consistently and on message (for his rapper brand, at least) and has 6.6 million followers. If you’re on the more serious end of business, take a look at entrepreneur Tim Sykes’ instagram, also regularly active;he has over 700,000followers.

Doing the opposite — not posting regularly and having bursts of content — will most likely cost you some followers. (Looking at you, Kanye).

“Nobody wants to be suddenly inundated by a haphazard sharer,” Levine says.

4. Stay focused

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If you have multiple social media accounts linked each other so you can post automatically from one or the other, stop that practice.

Levine warns that there’s been many unfortunate mistakes and mishaps from doing this, so while it may save time, it’s much better to offer your own narrative and curate content fitting to each platform.

It’s also pretty apparent that you’re automatically posting through linking because each platform is vastly different with varying styles and conversations or purposes. By posting directly, it looks better on the account and encourages followers.

“Cross-promoting content looks lazy, antisocial and ignores the conventions and social norms of each platform’s users,” she declares.

5. Be social

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Don’t just push out content like a machine. Create contentand talk about yourself.Be conversational!

Engage your followersthe way movie starDwayne Johnson — aka “The Rock” —posts inspirational videos and photos for fans on his Instagram account. He has over 55million followers.

“It’s called social media for a reason,” Levine says. “Ask questions. Comment. Reply. Favorite. Like.”

By actually conversing with your followers, you encourage them to come back, to keep following and even share material from your account.

Nick suggests giveaways or contests online as beneficial ways to interact.

“It’s incredibly important to engage,” he says. “By commenting and reaching out, users are showing interest in you.”

6. Be yourself

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Nothing is better than being your true self on social media. By embracing her voice and life in the big city, Liz Eswein, creator and curator of the @newyorkcity account, was able to become a millionaire andstart her own media management business.

Nick’s account @Millionaire Lifestylegot started, for example, because of his passion for cars which eventually transformed into an opportunity toshowcase the millionaire lifestyle itself. Though he, himself, isnot a millionaire, the Instagram guruis getting there — andhas experienced luxurious adventures of millionairesbecause of his ability to tune in and capturethe lifestyle — like when he posted an Uber helicopter ride in Dubai.

Levine says most users online are able to tell pretty easily if you’re not being authentic (like certain emoji-happy politicians).

“Authenticity is huge,” she says. “Post in a way that’s conversational. Add your perspective. Share the value you add to a conversation. And have fun.”

How to Become an Instagram Millionaire - For Finance Sake (2024)

FAQs

Can you become a millionaire from Instagram? ›

Yes, you can make money on Instagram. According to CBInsights, Instagram is one of the top platforms where influencers and creators can monetize their content and lure more followers (Learn more: how to make money as an influencer). The platform also tries to help creators monetize their influence on the platform.

How much does Instagram pay for 1 million followers? ›

Instagrammers with 1 million followers can easily make $15K per month through sponsored posts, affiliate marketing, product sales and other income streams. To maximize your earnings at the mega-influencer level, you need to diversify your revenue streams and focus on creating quality content consistently.

How many followers on Instagram do you need to get money? ›

On average, earnings tend to correspond with these follower numbers: Nano-influencer: 1,000–10,000 followers ($10–$100 per post) Micro-influencer: 10,000–50,000 followers ($100–$500 per post) Mid-tier influencer: 50,000–500,000 followers ($500–$5,000 per post)

How much does Instagram pay for 1k followers? ›

People with around 1,000 followers can make about $10 per post or even up to $1,420 per month. So, even if you don't have tons of followers, you can still make money on Instagram by working with brands.

Does Instagram pay you? ›

In order to receive payouts of your earnings, you must: Meet our Partner Monetization Policies and Content Monetization Policies. Set up a payout account. Without a payout account, you can earn up to $500 per monetization tool, with a maximum of $1,500 across 3 tools.

How much money does a 100k Instagram make? ›

The OG of influencer platforms, Instagram keeps its spot at the top. Here's what influencers are pulling in: Instagram influencers with fewer than 100k followers earn around $200 per post. Instagram influencers between 100k – 300k followers may expect to earn around $600 per post.

How much is a 50k Instagram account worth? ›

How Much Is An Instagram Account With 50k Followers Worth? An Instagram account with 50k followers can be worth around $500 to $1,000, depending on the engagement rate and niche. However, the value can increase with the account's authenticity, conversion rate, and overall engagement.

How much is a 200k Instagram account worth? ›

Buyers will only pay what they can afford. In general, you can expect to sell an Instagram account with 200k followers for anywhere between $10,000 and $20,000. However, if the account has a high engagement rate, is in a popular niche, and has high-quality content, you may be able to sell it for more.

How to generate income from Instagram? ›

Continue to make money by learning how to stay within our Monetisation Policies and Guidelines
  1. Express yourself. ReelsLiveStoriesProfileBroadcast channels.
  2. Build your community. Reach your target audienceUsing Insights.
  3. Earn money. Creator marketplaceBadgesGiftsSubscriptionsBonuses.
  4. Additional resources.

How many followers do you need to make a living? ›

This question does not have a clear answer. Influencers are classified into several categories based on the number of followers they have. You generally need 5,000 to 10,000 engaged followers to start earning money on Instagram.

How much does IG pay for reels? ›

You can earn $1000, $5000, even $10,000 a month by creating Reels. It's all possible through Instagram's Reels Bonus program. In fact, they're planning to invest over $1 billion into creator-driven programs throughout 2022.

How to earn money on Facebook $500 every day? ›

Ways To Earn $500 Every Day On Facebook
  1. Create And Sell A Product On Facebook. Identify your niche: Research and identify a niche market that aligns with your interests and expertise. ...
  2. Affiliate Marketing Through Facebook Groups. ...
  3. Run Facebook Ads For Businesses. ...
  4. Subscription Group. ...
  5. Uploading videos on the Facebook page.
Apr 4, 2024

Is it too late to make money on Instagram? ›

Ultimately, putting time and effort into Instagram is a great investment that builds over time. And it's never too late to jump on the bandwagon and start the monetization of your Instagram account.

How can I make money on Instagram without selling anything? ›

Becoming an affiliate marketer

Affiliate marketing is a popular way to make money on Instagram without selling products directly. You can partner with brands in your niche and promote their products or services to your followers. Each time someone makes a purchase through your unique link, you earn a commission.

Can Instagram make me rich? ›

With enough followers and strong engagement, you can earn several hundred to many thousands of dollars a month on Instagram. Of course, it takes time and effort to make money on Instagram—whether your goal is a side hustle for earning passive income or a full-time gig.

Can you earn a living on Instagram? ›

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. Building your account is becoming easier with the growing list of Instagram tools that can help with everything from creating content to selling products.

Is Insta Millionaire worth it? ›

With numerous characters, diverse locales, and unexpected connections, Insta Millionaire is a thrilling rollercoaster of emotions that will leave you surprised and drawn in. The twists and turns in this story will keep you on the edge of your seat throughout the entire experience.

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