Over time Instagram has grown to be one of the most influential social media platforms in the world with over one billion active users.
While the idea of this app was simply photo sharing, it has grown to be a powerful marketing tool used by influencers and businesses use to reach their target market.
A static by Instagram Business showed that 60 % of people use Instagram to discover new products; 80% of people on this platform follow at least one product. The statistics also found that 200 million Instagram accounts check out a particular business profile every day.
The number of followers you need to make money on Instagram varies depending on your industry. While the number of followers you have played a significant role, the most important thing is engagement.
Small influencers with a highly engaging audience are more valuable to brands compared to celebrities with millions of non-engaging audiences. Remember, what most brands are looking for are not just impressions and views; they want influencers who can take action through email sign-ups or make sales on behave of brands.
The amount of money you can make on Instagram is mind-blowing. The highest-paid celebrity influencers earn anywhere from $8,400 to $ 1.2 million in one post. Your income on this platform largely depends on your reputation, several followers, and the ability to grow your followership over time.
The most significant factor that will affect how much you will earn from your Instagram account is your engagement rate. It is through engagement that will show your audience is active. Views or even 1000 likes for Instagram do not contribute a lot unless your followers take action.
The formula to calculate how much you will earn is simple, add the number of likes and comments per post and then divide it by the number of followers and multiply it by 100.
No matter your engagement rate, you can always improve. The idea here is to find a niche that promotes your service as you grow your income.
While you will not expect to make a lot of money with 1000 followers, your earning will depend on the niche and engagement. For this number of followers, you will desire to acquire anywhere from $10 to $500.
One way of increasing earning with 1000 followers on Instagram is by coupling your account with various other market channels. For example, you can start a blog and link your Instagram account to your other affiliate marketing articles.
Additionally, you can market products on your website with the support of an eCommerce platform. The best way to boost your earnings on Instagram account with 1000 followers is by incorporating your account with omnichannel marketing strategies.
Are you looking to grow your Instagram and build your follower account? Here are a few strategies that can take your account to a whole new level.
Instagram is one of the fastest-growing social media advertising options. Any brand looking to put their goods out there cannot neglect the use of this platform. Furthermore, making money on Instagram is simple if the right tactics are applied.
If you put money and effort into this social media platform, it is a significant investment to build over some time. Well, if you don’t have an account, its never too late for you to jump on this bandwagon.