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.

We're nearing the end of the month and no matter how you handle the numbers, you're still short on cash.

According to a Gallup poll, two-thirds of Americans don't track their monthly expenses against earnings—are you one of them?

You may have run into unexpected expenses and don't have a rainy day fund to cover them. Or maybe you lost your job. If you're looking for ways to earn some extra cash today, these easy tips to make money online can help fill in the gaps in your budget.

Some of these strategies to earn extra cash require you to be in certain areas, while others are location independent, but it all boils down to being resourceful. We've all found ourselves in trouble at one point in our lives or another, but for a committed person, anything is possible.

When you lack money, the thought of scarcity begins. The scarcity mindset is negative and believes that there is not enough of anything that can be done. When you find yourself thinking this way, do everything you can to move into an abundant mindset.

Our thoughts are incredibly powerful. We have over 60,000 thoughts every day, many of them deep in our subconscious mind, and many of them are repetitive. We must be agents of our thoughts. Once you find yourself thinking negatively, you have to get yourself out of it.

1. Test and review websites for cash

If you spend a lot of time on the internet, you may also get paid to do so. Companies want to know if their websites are easy to use and if there are ways to improve the online experience. Get $10 to visit a website or try an app as a user tester and provide your input.

2. Play the roles of someone else

Some people are too busy choosing their dry cleaning, assembling their ready-made furniture, and even queuing at the DMV, which works in your favor because they are willing to pay for these tasks. Your Mission: Sign up the online to become a "Tasker" for the TaskRabbit, which connects people to outsourced individual tasks and jobs, and start receiving notifications of opportunities in your city.

3. Fill out the surveys

For those who love online exams or don't mind completing a survey, you can earn some quick money with online surveys. Share your opinion with market research firms that want to know what people in your demographics really think about a particular topic.

Some survey sites to check:

• com
• toluna.com
• com
• com
• com
• com

4. Shop online and let the dough roll

While you can save a significant amount of cash by shopping at sales and entering coupon codes when you checkout from your online cart, you can also get rewards for your online purchases. Earn a small percentage on every purchase in exchange for cash or gift cards.

Get paid to the shop by joining these sites:

• com
• com
• com

5. Take photos and sell them

These days everyone is a photographer with the smartphone camera filters and photography apps. Now you can sell your photos to use as stock photography and earn some side cash for your photography skills. Who knows where your best shots will turn out someday?

Here are some of the websites where you can sell the photos:

• com
• fotolia.com
• com
• com

You can make money quickly and easily online legitimately if you know where to look. Before signing up for any website, look for reviews online so you can be sure that it is being managed by a reputable company that pays its users as promised.

Put some extra dollar signs in your bank account this month with these helpful tips and start creating your own ways to make money from your time online.

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.

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.