5 Innovative ways to earn money on Instagram in 2024

We all know how Instagram influencers are making zillions of dollars on the platform. Their huge audience and long lists of followers help them achieve their goals and build a career on the social media app. 

However, there are also other ways to earn money from Instagram without boasting a huge following. If it sounds like something you are interested in, then read ahead, as here are the top 5 innovative ways to make money on Instagram. 

1. Create and sell augmented reality (AR) filters and effects 

Yes! If you have the skills, you can create AR filters and effects for Instagram Stories and Reels. Several brands online are eager to buy these custom filters to enhance their marketing campaigns and provide a unique experience to their users. Partner with brands to create their custom effects and charge a fee for developing them or take a percentage of the sales generated by the filters. 

Also Read: 5 Ways to get more views on Instagram reels in 2024

2. Engage with live shopping events

A popular choice among several businesspeople, live shopping sessions can be a great way to generate income. Use the Instagram live shopping feature to promote and sell the product in real time. Major brands also partner with you to feature their product or service in your live stream. 

3. Sell digital products 

You can also utilize the Instagram Shops feature to sell your digital products, like e-books, templates, digital art, animation, audio, and much more. It is a great way to advertise your talent and make money from it. 

4. Host online webinars or workshops

If you have something to teach, do it on Instagram and generate income from it. Use Instagram to promote your courses or hold exclusive live streams for people who pay for your webinars. 

5. Subscription-based content 

Instagram is testing out this new feature, where you can start a subscription-based content service through Instagram's 'Close Friends' feature. It can be a great way to connect with your followers and grow a loyal and strong fan base. 

Also Read: Learn these 5 ways to protect yourself from credit card frauds in 2024

Read Exclusive COVID-19 Coronavirus News updates, at MyNation.