Definitely! Hashtags on Instagram are still relevant this year. The right hashtag strategy can put your brand in front of your target audience, even those that haven’t engaged with you before.
When thinking of which hashtags to use for your posts, it’s more effective if you use hashtags that have smaller niche rather than focusing on popular hashtags. For example, instead of using #carsofinstagram for your Honda car post, try to shift your focus on community oriented hashtag like #hondacarsnewyork or #hondabrooklyn. These smaller-niche type of hashtags have more potential of reaching your targeted audience.
Also, try to look what kind of hashtags your audience and competitors are using for related service or product post to see which type of hashtags will get you higher engagement.
Instagram allows 30 hashtags in every post – another strategy you could try is to break them down. Use 5 hashtags in your post – this should be the most relevant and targeted hashtags, then put the rest in the comments’ section. This could be a mix of community-niche hashtags and a few semi-popular and popular hashtags.