The more time you spend per day on Instagram, the more you are helping someone else make money – money that could potentially find its way into your pocket. If you are serious about making money online in 2020, here are three major ways on how to make money on instagram:

1. Work as an influencer posting sponsored content

With over one billion monthly users, you stand a chance of earning a decent income on Instagram if you have thousands of people following you. Since you may have had a large following because of your unique lifestyle or passion, it may be wise to choose a niche product that reflects your passion or lifestyle since this is what attracted followers to you in the first place.

As an influencer, you talk more about your personal lifestyle and daily activities and make references to the product or brand you’re promoting.

When you choose a niche, you will be able to better build trust and grow your audience when you constantly make a frequent post on this niche. Your posts must reflect openness and transparency for people to like you. Meanwhile, if brands have not approached you yet to write about their products, then you may have to take the bull by the horn and pitch to them directly.

Let it be brands within your given niche; tell them how you can promote their products in return for a monetary payoff. There are influencer marketing platforms where you can reach brands directly.

2. Be an affiliate marketer earning commissions from other brands

You can make good commissions from promoting products and generating sales on Instagram. Although it is not advisable for your followers to see you as an affiliate marketer, you may have to show one in one way or the other that you may earn revenue when people buy the product.

Many affiliate marketers start as product reviewers and then leverage on their large following to promote products they find worthy and rewarding to their peculiar lifestyles. You may pitch to brands directly or join an affiliate network to get started.

3. Create and sell your own products as an entrepreneur

You may create and sell your own products on Instagram if you can make a perfect product that offers value. Most celebrities love fashion and fashion accessories and they end up creating fashion-related items because that is where their passion lies and that is what added up to their celebrity status.

So if you’re a popular celebrity, you may have a company design and create your peculiar clothing line, perfume, makeup kits, and skin care products among others. If you’re not a celebrity, you may create simple things like hats, photo albums, dog collars and customized pens among others.

The year 2020 is a year for making money if you will leverage your popularity on Instagram, Facebook, Twitter and other social media.