How to Make Money with Instagram Reels: A Step-by-Step Guide

Close-up of a hand holding a smartphone displaying an Instagram Reel, with dollar signs and social media icons like hearts and shares floating in the background.

In this guide, I’ll share strategies and my personal experiences on how you can effectively make money with Instagram Reels.

Instagram has become a powerful tool for creators and influencers to make money, build an audience, and grow a personal brand.

From brand partnerships to affiliate marketing, here’s everything you need to know to get started!

This post may contain affiliate links. This means I may earn a commission if you make a purchase through my links, at no additional cost to you. I only recommend products or services that I personally use and believe will add value to my readers.

1. Focus on Building an Engaged Audience First

Building a loyal audience is key to successful monetization. Here’s how you can get started:

  • Start with Content You’re Passionate About: Personal and lifestyle content, especially around topics like fitness, resonates well. For example, I recently made an Instagram Reel about my marathon training with my brother. This kind of content connects with people’s interests, sparking engagement through shares and comments.
  • Consistency Matters: Upload regularly, and engage with your audience. By being consistent, you stay top of mind and relevant to your followers.

Pro Tip: Brands are more likely to reach out if they see you have a dedicated audience. Focus on growing organically, and brands within your niche will start noticing.

2. Join the Instagram Reels Play Bonus Program

One of the best ways to monetize Reels directly is through Instagram’s Reels Play Bonus Program. This program rewards eligible creators for reaching engagement milestones.

  • How to Get Started: Check your Instagram App Creator dashboard to see if you’re eligible.
  • Tips for Success: High engagement is key. Consider using trending music, experimenting with different video lengths, and observing what works for similar content creators.

The Instagram Blog often shares updates on new monetization features, like the Reels Play Bonus program, badges, and partnership tools. It’s the best place to stay up-to-date on eligibility and program specifics.

How to make money with instagram reels

3. Affiliate Marketing: Earn Commissions on Products You Love

Affiliate marketing is a straightforward way to earn passive income through social media platforms. Here’s how to do it:

  • Choosing Products: Pick products that resonate with your followers and fit your niche. By focusing on products that feel natural to your content, you’ll gain more trust from your audience.
  • Tips for Promoting: Integrate affiliate links in your bio and include calls to action in your Reels, like “Check the link in my bio!” This way, you’ll drive traffic to the product while keeping your Reel engaging.

4. Partner with Brands for Sponsored Content

Brands will often pay influencers to promote their products directly through sponsored content. Here’s my approach:

  • Make It Authentic: Don’t let branded content stand out too much; instead, incorporate products naturally into your videos. For example, I include products subtly around content I already make so that it feels less like a promo and more like a part of my lifestyle.
  • Landing Brand Deals: Build a portfolio by creating high-quality Reels, then connect with brands via influencer marketplaces like AspireIQ, Upfluence, or Collabstr.

5. Drive Traffic to Your Own Products or Services

If you have products or services, Reels are an excellent way to promote them without ads.

  • Examples of Effective Content: Show how you use the product yourself, or share customer testimonials.
  • Pro Tip: Offer value first—whether through tips, tutorials, or reviews—before promoting a product, to keep your followers engaged.

6. Track Your Metrics to Refine Your Strategy

Tracking your performance is essential for long-term growth and monetization. With an Instagram business or creator account, you can access important analytics.

  • Metrics to Watch: Track your reach, shares, and engagement rates to understand what resonates best with your audience.
  • Using Pinterest, Too: If you have a Pinterest creator account, you can track how Reels influence your overall social presence and help you reach new audiences. I started a brand new Pinterest account in the music niche and it grew to over 200k monthly views in the first year. 

7. Keep an Eye on Trends and What’s Performing Well

Studying what works for other creators can inspire your content. Here’s what I do:

  • Observe Trends: Check out other Reels in your niche to see what’s trending, and incorporate similar themes in your style.
  • Invest in Quality: High-quality visuals are a must for attracting attention on Instagram. Experiment with different editing tools and techniques to keep your Reels polished and professional. I personally use CapCut to add some finishes touches and filters to some of my videos. 

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Conclusion

Making money with Instagram Reels takes time, consistency, and creativity, but it’s worth it. Whether you’re partnering with brands, promoting affiliate products, or driving traffic to your own offerings, there are many paths to monetization. Start by focusing on your audience, and the rest will follow naturally.

Have you tried monetizing Instagram Reels? Let me know what’s worked for you! And for more tips on growing your online presence, sign up for my newsletter below.

The information provided in this guide is for educational purposes only. Any actions taken based on this information are at the reader’s own risk. It is advisable to consult with relevant professionals or advisors for personalised advice.

Harvey Davies

Harvey Davies

Total posts created: 44
Hi, I’m Harvey—a law school graduate and marketing coordinator with a passion for personal finance. I created The World Is Yours to share my journey of building extra income streams, saving smarter, and investing wisely. My goal is to provide practical tips and inspiration to help you achieve financial freedom, so you can live life on your own terms.

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