Because more and more brands and companies are looking for “micro-influencers” and “nano-influencers,” starting a full-time job as an Instagram influencer is no longer an impossible goal.
This implies that you may definitely start making money even if you have fewer than 100,000 followers! A micro-influencer is often someone with over 10,000 followers, and a nano-influencer is someone with over 1,000 followers.
Influencers and companies must develop a formula that benefits both parties in order to ensure that you are receiving the best value. This will vary based on what each party considers to be a crucial element of the contract and will often take into account an influencer‘s fan base, engagement metrics, and market as well as deal stipulations like usage rights and exclusivity.
Some influencers may charge up to $1,500 for each Instagram story, however this is more common when there are more than 100,000 followers. Typically, micro and nano influencers charge between $150 and $250 each story, which can still result in a very sizable income.
Instagram influencers can also profit from selling goods, affiliate commissions, and newly released monetization options that the platform is gradually introducing. Many people are reportedly currently making thousands of dollars using programmes like the Instagram Reels Bonus Program.
Instagram recently unveiled a number of new methods for generating revenue for content creators, including subscriptions and its own affiliate marketing capabilities. Creators have turned to Reels as a means of generating income despite the fact that the platform’s ad-revenue share agreement for advertising broadcast on IGTV (which changed its name to “Instagram Video”) ended in 2022.
Instagram now offers a number of incentive schemes called “Bonuses”. These reward creators for utilising tools like Live or Reels as well as completing objectives or tasks.
Instagram offers “Badges,” a tipping tool, and in-app sales of the creators’ own goods as additional revenue streams.
If you already have a fan base, you can definitely use Instagram to establish yourself as an influencer and start generating extra revenue.
