According to the latest Instagram statistics, the platform has the 1.704 billion users worldwide. While it started as a photo sharing app, it has turned into a business platform. Millions of entrepreneurs benefit from its selling power, from service providers to non-profit organizations to e-business owners via dropshipping.

If you have some photography skills, you will have a huge advantage of the platform. Bonus points if you are a hot person for photography and want to bring some extra life to your product photography. Don't have a camera? Learn how to take amazing photos with your phone with our Product Photography course. Nothing will stop you from making the money from this photo and video sharing app.

Here are 6 business models to make money on Instagram:

1. Become the influencer and earn money from sponsored posts

If you can reach your desired influencer status, you can use your Instagram profile to promote all kinds of products from all kinds of brands.

If you are not familiar, an influencer is someone who has built a good reputation and pursues their loyalty by posting regularly on their social accounts. They have good followers and they are able to convince their fans to jump into trends and buy certain products.

They have this power because they have spent a lot of time building trust and relationships with their audience.

Brands tend to partner with the influencers to do sponsored posts that help spread the word about their products. To get to this point, you need to grow your Instagram following as well as create posts on a regular basis that lead to strong engagement from your followers.

Top influencers make the thousands of dollars per sponsored post. Keep in mind that it takes time and a lot of hard work and talent to get to this point. It is certainly achievable, but be sure to manage your expectations if you choose this path.

2. Join us and earn money selling other people's products

You can sell other people's products and get deducted. There are a lot of people who are making money from Instagram through affiliate programs.

The difference between an influencer and a partner is that the affiliate is generating sales for the partner brand in exchange for a commission. On the other hand, an influencer mainly aims to create awareness. (If you're only interested in getting exposure for your brand, you may want to check out these brand awareness tips to gain traction.)

Affiliates earn money with a trackable link or promotional code to make sure you know exactly which sales came directly from your posts.

3. Become an influencer's virtual assistant

If you prefer working behind the scenes, consider becoming an Instagram influencer's assistant.

Many influencers need help to filtering the sponsorship requests, running ads, identifying fake followers, and more. You can offer to be their VA and charge an hourly fee for your services.

As an Instagram influencer expert, you will be responsible for a lot of things, such as managing direct messages, scheduling posts, and responding to comments. Also, the influencer may ask you to share content ideas to grow their personal brand.

So if you have always wanted to practice your Instagram marketing skills without being the center of attention, this is a great place to start.

4. Selling Instagram caption services

Many small business owners use Instagram to promote their goods and services, but only a few have the resources or experience to write good Instagram reviews. If you are good at creating creative Instagram captions, you can sell your services to these companies. Just remember that they will judge you by your ability to write an attractive short copy.

To get the attention of business owners, write and put some captions on your own account. Then include the ones that generate the most engagement in the portfolio. Chances are, if the company were to hire you to craft their Instagram copy, they would want to see your work. So make sure you have some examples they can look at right away.

5. Selling poster images and other virtual products

Instagram is all about visuals. This is why beautiful products and photos will make more sales.

You can sell poster images, paintings, graphics, animations, videos and other virtual products based on images or videos. In each post, include an interesting comment and refer readers to visit the link in your bio. This is another popular way to make money from Instagram.

6. Sell your physical products

You can sell any physical product from which you make yourself or buy from suppliers. Typically, traditional e-commerce retail requires some inventory to be stocked, which means you'll need to spend some startup capital to purchase your products.

Essentially, YouTube provides opportunities for businesses or individuals to earn money. Here are some ways to make money by sharing or publishing your video on YouTube:

1. Swagbucks

This is one of the oldest and most well-known websites which really pays those who watch videos through it.

They only pay you for watching different videos, ranking from sports videos, world news videos, etc. You can even get paid with them just for watching sponsored videos.

Of course they also pay when you do other activities like taking surveys, browsing the web, and - believe it or not - just shopping online.

Swagbucks has paid its members over $275 million in free cash and gift cards over the years!

Yes, that's a staggering two hundred seventy-five million dollars! That's a lot of money to not take them seriously, wouldn't you say?

Apart from just watching videos, they also reward you for other activities like

• Online shopping
• Answering online surveys
• Check Offers
• Search the web
• Play the games online or on your phone
• using their phone app

2. InboxDollars

As the name suggests, the main way to earn from InboxDollars is to read the emails they send to your inbox.

But they also pay you to watch videos through them, on a daily basis.

They are also some of the oldest companies in this field and they really pay those who register and perform the tasks offered.

Other ways to earn from InboxDollars include completing relevant surveys, playing online games, doing online searches, etc.

3. My Points

This is another reputable investigative site that pays for watching videos.

With MyPoints, you get paid to watch certain videos, earn points, and then redeem your points for gift cards when necessary.

You can earn up to 500 points every day just by watching videos.

And yes, you can choose to watch only the fun videos, not the boring or annoying videos.

Aside from getting paid to watch videos with Mypoints, you can also get paid to shop, play games, and even read emails.

They have both been in operation since 1996. This is usually a good indication of how trustworthy they are.

4. EarningStation

This site also pays people to watch the videos.

You earn points for the videos you watch and other activities like shopping online, taking surveys, playing games, etc.

This website is very private about where members are, so if you are not from the US, you may not be accepted.

In fact, you may not even be able to access their website if you are not from the allowed countries, especially the United States.

5. Feature

This is another site to consider when it comes to paying to watch short videos.

Yes, you don't have to watch long or the boring videos with Perk.

You earn points from watching short videos and you can convert your points on the way to get gift cards of your choice, merchandise of your choice and of course into cash!

Here are some of the things you can do with Perk to earn feature points:

• Online shopping
• Answer some short quizzes if you can
• Search the web with Perk if/when you want to
• Download new apps to try
• Watch some popular videos if/when you want to
• Watch movies and even app trailers if/when you want to

6. Application trailers

As the name suggests, App Trailers pay for watching promotions for certain apps.

According to them, they reward members who watch trailers of what they call “hot apps”.

You can redeem your points for instant gift cards as well as instant cash directly to your PayPal account.

7. Market strength information

This is a mystery shopping company that pays people who love to watch movies to attend the movie premiere.

Of course most movie fans will love to go to such premieres for free but with this company, you will get paid for it.

For movie lovers, it's like getting totally free money while enjoying movies.

8. Get paid to watch TV shows on Netflix

As far as watching TV is concerned nowadays, it's impossible not to mention Netflix, right?

It is the #1 favorite of most people who love to watch TV Shows, Movies, etc.

And yes, believe it or not - you can only get paid to watch TV shows on Netflix.

As you can see, Netflix sometimes assigns people like you to the task of watching and "tagging" some of their shows.

These people are officially nicknamed Editorial Analysts and Creative Analysts.

Earn money with Facebook by creating a following; promoting your content, selling products, or promoting sponsored content. The more people follow you for content or information, the easier it will be to sell products and generate income.

Fortunately for you, I will show you how to make money with Facebook. I will show you some of the best features to make money and give you some ideas to get started. If you work hard enough, you can start making the money from Facebook.

How to make money using Facebook?

The easiest way to make money with Facebook is to build an audience around the Facebook pages or groups. When you have an audience, you can sell or advertise to your audience and earn money. Examples of how to monetize include creating a following; promoting your content, selling products, or promoting sponsored content.

Create a list or follow

One of the most popular strategies for marketers to make money on Facebook is to build a following. Your goal is to create a list of people to showcase products, generate leads, or submit sponsored content.

Facebook is a great tool for creating a list to distribute your message to people. You can have a Facebook follower of 100,000 people. That's 100,000 people who hear your messages or see your product for sale.

Let's say you've built 100k followers around losing weight. You can send a post on Facebook to announce your new weight loss cycle and reach 100,000 people instantly.

Assuming 1% of people buy, you've made 1,000 sales just for having a listing. A $40 Product Will Make You $40,000!

But what if you do not have your own product? You can always find someone else product to sell if they offer a commission. Assuming the product is $40 with a 50% commission, you'll earn $20 per sale.

You can also advertise companies and get paid. Companies will pay you to send a message to your listing about their products or services. You get paid to have an audience and you can get paid more the bigger the audience.

Promote your own content / display ads

You can use Facebook to promote your content monetized through display ads or affiliate products. The goal is to use Facebook as a way to get website traffic or video views.

Most bloggers and YouTubers earn money by displaying display ads on their content. Some even use their content to promote product offerings. The more views the content has the more money the creator earns.

It can be your Facebook page or a group full of followers. Whenever you produce a new piece of content, show it to your followers to get some movement.

Affiliate Marketing

Affiliate marketing is the process of promoting someone else's product in exchange for a commission. You earn a portion of the selling price as an incentive to promote the product. Use affiliate marketing to showcase the products that will benefit your audience.

For example, you might have a Facebook group focused on healthy eating for diabetics. Someone might ask the group a question about the healthy eating for diabetics.

You can find an e-book or course that helps diabetics control their food and offers a 50% commission. She responds to the question with a helpful answer and recommends the e-book as a helpful resource.

Sell your products

Instead of selling someone else's products, you can also sell your own. Creating and selling digital products takes time, but you have to keep all the profits. You can also find people on Facebook who are interested in promoting your product for a commission.

We've already talked about how Facebook Groups and Pages are a good way to build a list. Your listing is the perfect place to sell your own products.

Promote Sponsored Content

Companies like Izea allow you to connect with big brands interested in advertising to your audience. When your audience is big enough, you can make serious money with sponsored posts.

For example, you might have a large following on a Facebook page that posts pictures of shoes. You might get an Izea and get a deal with Nike or Adidas to post pictures or certain deals to your audience.

You work with big brands that have big advertising budgets. These companies want to reach customers anywhere they can. The more your Facebook followers focus on a particular product, the easier it will be for you to earn money.

The forex (currency exchange) market is very accessible thanks to its low entry barriers and high leverage (borrowed capital) available. This makes it popular with novice traders investing small deposits for modest profits, as well as more experienced traders.

Successful forex trading is hard and it doesn't happen overnight. However, for those who are willing to put in the time and effort, and take the necessary calculated risks, it is possible to get rich trading forex.

How some merchants make a living?

A professional forex trader is generally considered to be someone whose primary income is derived from trading in the foreign exchange market. They may be self-employed, investing their own capital, or they may work for hedge funds or international banks, trading clients' money.

Those who work for an employer receive a salary that can range from around £45,000 to over £150,000.

The average income of someone trading on their own behalf is more difficult to quantify because the forex market is highly decentralized and trading budgets vary widely.

Different forex traders will have different definitions of success, so you need to understand what you want to achieve with your trades and set realistic goals.

Case Study 1: George Soros

George Soros was born in Budapest in 1930 and survived the Nazi occupation of Hungary before immigrating to the United Kingdom in 1947, where he attended the London School of Economics. He began his career working for commercial banks in the UK and US and then started his own hedge fund, Double Eagle, in 1969.

At the time, Britain was part of the Exchange Rate Mechanism (ERM), which was created to create more stable monetary policy across Europe and make exchange rates less variable.

Case Study 2: Bill Lipschutz

Bill Lipschutz began his business career in the late 1970s while he was still attending Cornell University in upstate New York. He made over $200,000 in that time, but lost it all on a bad trade, learning a hard but valuable lesson in risk management.

He joined investment bank Salomon Brothers in 1982. Foreign exchange markets were just taking off and Salomon Brothers had formed a new foreign exchange division which Lipschutz was asked to join.

He was instantly successful, and by 1984 he had become the company's leading foreign exchange trader. The following year, he was reportedly earning $300 million a year for Salomon Brothers.

Case Study 3: Stanley Druckenmiller

Stanley Druckenmiller joined Pittsburgh National Bank as a management trainee in 1977 and rose rapidly to become the head of the bank's equity research group.

In 1981 he created his own company, Duquesne Capital Management. He then went on to work for George Soros for many years, taking on the role of Senior Portfolio Manager for Soros's Quantum Fund and working with Soros on his famous British pound short sale in 1992.

He was featured in the best-selling book, The New Market Wizards, by Jack D Schwager, and survived the economic crash of 2008.

However, he subsequently closed Duquesne Capital Management, announcing that the constant pressure to live up to his own success had taken a "high emotional toll". The net worth of him has been valued at more than $4 billion.

Only a few will make billions trading forex. However, as we have seen the above, some traders have been successful.

Even professional traders will lose money, but if you can start making profits on a regular basis, then you are well on your way to becoming a professional trader.

It pays to start by learning from the achievements of others and implementing your own carefully researched trading strategies and risk management systems.

WikiJob does not provide tax, investment, or financial advice or services. The information is presented without regard to the investment objectives, risk tolerance or the financial circumstances of any specific investor and may not be suitable for all investors.