Connect with us

AFFILIATE MARKETING

How Many Followers on Instagram You Need to Get Paid and Make Money

Published

on

How Many Followers on Instagram You Need to Get Paid and Make Money
  • Many Instagram influencers start to make money with under 10,000 followers.
  • Nano and micro influencers have gotten attention from marketers because of their engaged audiences.
  • Instagram influencers share how many followers they needed to get paid and how much they earn.

With a few thousand followers on Instagram these days, it’s easy to ask yourself: When can I start making money?

The good news is, there’s no strict minimum.

Many Instagram influencers get paid with less than 10,000 followers. Five influencers Insider previously interviewed, all with under that amount, said they got made money from brands to post to their small audiences.

For instance, Tess Barclay, a Toronto-based nano influencer who creates lifestyle content, started earning money with a few thousand Instagram followers. Last May, she told Insider that she charges brands upwards of $154 for an in-feed Instagram post.

“I always thought you needed a million followers, or a hundred thousand followers, to make money on social media,” Barclay told Insider. “But that’s really not true. There are so many ways that you can make it a business, even if it is part-time.”

Read more about how how Barclay makes money as a nano influencer and the media kit she uses

Instagram is also directly paying some influencers through incentive programs like “Bonuses” for Reels. Some Instagram monetization features like “Badges,” Instagram’s tipping tool for IG Live, require that creators have at least 10,000 followers. Many of these programs also are limited to certain countries, have an age minimum of 18, and require accounts to be registered as business or creator accounts on the app. 

While the doors have opened for many more creators on Instagram to start making a living, often they don’t start making full-time incomes immediately (although a fair number of micro influencers with under 100,000 followers work full-time as influencers). 

Read how 19 content creators turned their social-media side hustles into full-time jobs

Meanwhile, may other influencers start making money by earning a commission from sales via affiliate marketing

Check out 7 top brands that work with micro influencers on Instagram, TikTok, and more

Today, Instagram influencers no longer need hundreds of thousands of followers to start earning cash.

Here are a few reasons why:

  1. Nano” and “micro” influencers (who typically have followings of up to 100,000) are being hired by many brands across industries. These smaller influencers have demonstrated the power of niche and engaged communities on Instagram, where fake followers and disproportional engagement have flooded the platform. Influencers can earn hundreds to thousands of dollars from these deals. 
  2. Meta-owned Instagram opened its multibillion-dollar wallet and paid influencers, which it announced in 2021 with a flashy $1 billion investment into content creators through last year. The platform also introduced a creator-brand marketplace for sponsorships in 2022.
  3. Affiliate links are easier than ever to share now that Instagram widely rolled out the link sticker in 2021. Some affiliate programs do have their own requirements, however, such as LTK or ShopStyle.

So, how much money are these influencers making on Instagram?

Insider interviewed over two dozen Instagrammers about how much money they make, with follower counts from 2,000 to over 250,000.

Here’s a full breakdown of our coverage:

From brand deals:

From Meta Platforms, including Instagram:

Read more: Instagram is shutting down its native affiliate-marketing program after more than a year of testing

A popular strategy that many influencers employ to land lucrative paid opportunities with brands is to create a media kit, which is a document showcasing the potential value an influencer can bring to a company. This usually includes a short biography, social-media engagement analytics, past collaborations, and any other relevant information. Most influencers have a template they use, which they customize according to the brand they’re reaching out to.

Here are media kits influencers on Instagram have used to successfully land brand deals:

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address

AFFILIATE MARKETING

Save on Business Travel for Life This Memorial Day with an $80 Deal

Published

on

Save on Business Travel for Life This Memorial Day with an $80 Deal

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Growing businesses around the world rely on traveling salespeople and representatives to fuel expansion. For those in the accounting department who are trying to make enough room for airline ticket budgeting, you can do them a lot of favors by hooking up yourself or a team member with this special deal.

Through 11:59 p.m. PT on May 31, you can get a lifetime subscription to this OneAir Elite Plan for only $79.97 (reg. $790). This deal gets you indefinite access to OneAir’s deals on business, first, premium, and economy class flights to and from destinations of your choosing and interest. These deals include mistake fares and advantageously priced ones that happen to pop up.

OneAir’s platform uses artificial intelligence (AI) to scan the web around the clock for deals so that they are ready for your team when someone needs to hit the road. In addition to getting to choose up to 10 departure airports with deals, Elite users can also take advantage of OneAir’s one-on-one business and first-class planning support.

Conveniently, the OneAir Mobile App lets you access these deals, book trips, and complete bookings all in one place. It is available for both iOS and Android devices.

One recent user, Ashok, who saved $1,080 on flights using OneAir, wrote, “I am so pleased with my decision to sign up with OneAir! Just booked a super cheap flight deal to Vancouver along with 5 nights of hotel stays.”

Remember that only through 11:59 p.m. PT on May 31, you can get a lifetime subscription to this OneAir Elite Plan for only $79.97 (reg. $790).

StackSocial prices subject to change.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

AFFILIATE MARKETING

Did OpenAI steal Scarlett Johansson’s voice? 5 Critical Lessons for Entrepreneurs in The AI Era

Published

on

Did OpenAI steal Scarlett Johansson's voice? 5 Critical Lessons for Entrepreneurs in The AI Era

Opinions expressed by Entrepreneur contributors are their own.

Did OpenAI steal Scarlett Johansson’s voice? OpenAI has since paused the “Sky” voice feature, but Johansson argues that this is no coincidence. In response, Johansson delivers a masterclass for entrepreneurs on navigating the AI era successfully.

In today’s discussion, we delve into what this controversy means for business owners, highlighting five critical AI strategies they must deploy. We also explore essential methods to protect your intellectual property and leverage AI for a competitive edge—insights vital for keeping your venture ahead in the AI revolution to remain your competitive advantage.

Take the AI skills quiz here (available for a limited time) and equip yourself with practical knowledge by grabbing a copy of my new book, ‘The Wolf is at the Door – How to Survive and Thrive in an AI-Driven World.’

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

AFFILIATE MARKETING

Why Are New Business Applications at All-Time High?

Published

on

Why Are New Business Applications at All-Time High?

More people are starting businesses now than ever before — and the reason could be that the opportunity cost, or what they have to give up in exchange for entrepreneurship, is lower than ever.

Data that the U.S. Census Bureau released earlier this month shows that the total number of applications to start businesses hit a record 5.5 million last year.

That’s half a million more applications than what was filed in 2022.

Related: Here’s What Millions of Small Businesses Have in Common, According to a New Survey

Census Bureau data from the first four months of this year show that the startup boom is still going strong, too — from January through April, the number of new business applications totaled over 1.7 million.

Why are more people filing to start new businesses?

Columbia Business School professor Angela Lee told Entrepreneur that the reason could be the “unprecedented number of layoffs from big tech companies in the last several years, resulting in a large pool of talent freed up to pursue entrepreneurship.”

Columbia Business School professor Angela Lee (left) and Co-Founder of Plum Alley Investments Andrea Turner Moffitt (right). Photo by Monica Schipper/Getty Images)

Lee, the director of the Eugene Lang Entrepreneurship Center, also noted that “entrepreneurship has historically been counter-cyclical because the opportunity cost to start a company goes down during a recession.”

Related: Want to Start a Billion-Dollar Business? Look to These Two Industries, Which Have the Most Unicorn Growth

Big tech companies have been laying off employees in record numbers in recent years.

Tech layoffs last year affected 263,180 employees globally according to tracker Layoffs.fyi.

Amazon laid off the most people (27,410) last year, but Meta (21,000), Google (12,115) and Microsoft (11,158) also contributed to record numbers.

The unemployment rate has remained stable, in the 3.7% to 3.9% range in the U.S. over the past nine months, according to the latest U.S. Bureau of Labor Statistics jobs report.

Related: ‘The Employment Situation’ Report for April Shows Employers Are Taking Hiring Down a Notch, Employee Wage Growth Slowing

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

Trending