12 Instagram Business Ideas To Earn Extra Money (An Entrepreneur’s Guide)

Updated on: Sep 14, 2024

Instagram has evolved into a powerful tool for growing businesses and generating income. With over 700,000 followers on Instagram alone, I’ve seen firsthand how this platform can drive serious revenue. 

Whether you have 100 followers or 100,000, here are some business ideas to take control of your finances and earn extra money on Instagram, no matter your experience level.

1. Share Your Adventures As A Travel Blogger

Love to travel? Instagram’s highly visual nature makes it the perfect platform to share your travel experiences. As a travel blogger, you can transform your adventures into a profitable side hustle by sharing stunning photos of your favorite destinations, offering travel tips, and partnering with travel companies. 

From a hidden beach to a cobblestone alley in Europe to the best restaurants in NYC, these insights can let you earn extra money on Instagram through sponsored posts, affiliate marketing, or user-generated content (UGC) deals with hotels and airlines.

Beyond beautiful pictures, you can monetize your content by offering insider knowledge—like how to score the best flight deals or find those secret local gems. Build trust with your audience by offering honest reviews, and you can even start earning referral commissions when your followers book their trips through your links. 

And don’t forget Instagram stories and reels, which allow you to show real-time snippets of your travels, creating an even deeper connection with your audience. 

Looking for even more ways to earn extra money through travel? Check out the best travel jobs of 2024.

2. Monetize Your Expertise With Digital Products

Instagram offers a unique opportunity to sell digital products and leverage your expertise. Products such as eBooks, templates, or online courses, can easily provide your with valuable content. Once created, digital products can be sold repeatedly, letting you consistently earn extra money on Instagram.

What makes Instagram so effective for selling digital products is the ability to demonstrate how they solve real problems. Use your posts, stories, and reels to highlight practical examples and success stories of people using your products. 

Interact with your audience directly by answering questions or offering quick tips in the comments. This builds trust and showcases your expertise, making it easier for followers to see the value in what you’re selling.

Want to dive deeper? Learn more about building a business in my YouTube video:

3. Turn Your Feed Into A Thriving E-Commerce Storefront

For e-commerce businesses, Instagram is a one-stop shop, allowing you to showcase and sell products directly through the platform. 

No matter if you create handmade jewelry, custom artwork, or even digital goods like photography presets, Instagram gives you the tools to reach a global audience. By posting eye-catching photos and videos that highlight your products, you can transform your feed into a fully functional storefront where followers can shop without ever leaving the app.

The key to success is creating content that not only shows off your products but also tells their story. For example, if you’re selling jewelry, don’t just post a photo—show the process behind making it, or feature a customer wearing it in everyday life. 

Use Instagram’s shopping features to make your posts shoppable, turning “likes” into purchases. With reels and stories, you can give your audience a closer look at your products, from behind-the-scenes footage to how-tos and tutorials.

4. Monetize Your Following With Influencer Marketing

The trick to influencer marketing is to create content that feels real, not like a commercial. Your posts should educate, entertain, and engage your audience. 

For instance, if you’re partnering with a skincare brand, use Instagram Stories to show your morning routine and explain why you love their products. Authenticity is everything here. The more your followers see you as a real person with valuable insights, the more likely they are to trust your recommendations—and click “buy.”

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5. Tell Visual Stories With Product Photography

If you have an eye for aesthetics and can capture stunning images of products, you can turn this skill into a solid way to earn extra money. 

Brands are always looking for photographers who can bring their products to life through photos that don’t just show what the product is but tell a story about it. You don’t even need an expensive camera—many successful Instagram photographers shoot using just their smartphones and natural light.

From local boutiques to large online retailers, brands can stand out on Instagram with the right product photography. As a photographer, you can use your Instagram feed as a portfolio, showing potential clients what you can do. 

Try experimenting with different themes, from minimalist to lifestyle setups, and keep your content fresh by using a mix of stills, reels, and stories.

6. Build A Fitness Community Through Coaching

The fitness industry is booming on Instagram, and for good reason—people love seeing real transformations and getting workout inspiration.

As an online fitness coach, you can use Instagram to share workout routines, nutritional advice, and motivational tips to help your followers reach their fitness goals. Your Instagram feed can become a virtual gym where clients follow you for inspiration and, as they get to know you, sign up for one-on-one coaching sessions or fitness programs.

To stand out in the crowded fitness space, it’s important to share more than just selfies or workout videos. Give your followers educational content that shows them how to make sustainable changes. 

Use your posts and stories to document your own fitness journey, showing your followers that you practice what you preach. And don’t forget to engage with your audience by answering their fitness questions in the comments or hosting live workout sessions. Any other type of coaching works here too!

7. Promote A Stock Photography Business

Instagram is an ideal platform for photographers looking to sell stock images. Whether you specialize in nature shots, urban landscapes, or candid moments, there’s a market for your images. 

Businesses, bloggers, and content creators always need high-quality photos to use in their projects, and Instagram can be your portfolio and marketplace all in one.

To succeed in stock photography, you need to diversify your portfolio and cater to different niches. Share a variety of themes on your feed, from seasonal shots to product photography, and make sure your bio includes a link to where followers can purchase your work. 

Instagram stories and highlights can also be used to give potential buyers a sneak peek at your latest shoots or show behind-the-scenes footage of your process.

If you’ve read this far, you’d LOVE my Ultimate Guide to Finding Your First Profitable Idea

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8. Bring Visuals To Life With Photoshoot Styling

If you have a knack for fashion, interior design, or creative direction, you can turn Instagram into a platform to showcase your skills as a photoshoot stylist. 

Brands and photographers are always looking for stylists who can make their visuals pop, and Instagram is the perfect way to demonstrate your creative abilities. Your feed should be a carefully curated gallery that reflects your aesthetic, showing everything from fashion shoots to product styling.

As a photoshoot stylist, it’s important to play with different Instagram layouts to make your feed cohesive. With a puzzle layout, color blocking, or another creative strategy, make sure your content stands out. Engage with your followers by sharing tips on styling or offering behind-the-scenes looks at your shoots.

9. Turn Followers Into Attendees With Event Promotion

For event promoters, Instagram is the ultimate tool to build buzz and sell tickets. With sneak peeks at the venue setup or interviews with performers or speakers, the goal is to make followers feel like they *need* to be there.

Create a unique hashtag for your event and encourage attendees to share their experiences on Instagram. This user-generated content amplifies your reach and helps you tap into new audiences. Don’t forget to take advantage of Instagram Live to host Q&A sessions or behind-the-scenes previews in the lead-up to the event.

10. Curate and Sell Vintage Finds

Instagram is a hot spot for unique vintage items that can’t be found in big-box stores. If you have an eye for stylish, one of a kind pieces, you can build a business around sourcing and selling vintage items on Instagram.

Start by showcasing your finds through beautiful photos and clever descriptions that highlight the history or story behind each piece–vintage lovers are drawn to items with character. By engaging with your followers and providing tips on how to style vintage items, you can create a loyal customer base that’s eager for your next drop of curated goods. 

Nervous about starting out? Author James Altucher and I discuss the fear of failure in the YouTube video below:

11. Create A Portfolio For A Graphic Design Business

For graphic designers, Instagram can be a powerful tool to showcase your work and attract clients. Instead of just posting your final designs, share the creative process behind them. Show sketches, revisions, and the finished product to give your followers a deeper understanding of your design journey. This both showcases your talent and builds trust with potential clients by showing them the effort that goes into your work.

In addition to displaying your portfolio, Instagram is a great place to share design tips, tutorials, and industry insights. This type of value-driven content can attract not just potential clients but also fellow designers who admire your work. By positioning yourself as an authority in the design world, you can turn your Instagram feed into a go-to resource for design inspiration and tips.

12. Start a Subscription Service Based On Your Niche

If you’re passionate about a particular niche, you can create a subscription box service that brings your favorite finds directly to your followers’ doors. Instagram is an ideal platform to build excitement with sneak peaks, unboxings, and customer reviews to attract more subscribers. 

By carefully curating products, you can offer a service that delights customers and creates recurring revenue for your business. As your subscription service grows, you can even partner with other brands or small businesses to provide exclusive products to your subscribers.

Ramit Sethi

 

Host of Netflix’s “How to Get Rich”, NYT Bestselling Author & host of the hit I Will Teach You To Be Rich Podcast. For over 20 years, Ramit has been sharing proven strategies to help people like you take control of their money and live a Rich Life.