How Many Instagram Followers I Need to Make Money on Instagram?

Many people believe that the only factor brands look at when paying you on Instagram is follower count, but that’s not true. Here are three factors that can affect your earnings on Instagram even if you have a large following.

Active Instagram users and influencers can earn thousands of dollars per post. However, some users find it difficult to see the number of followers increasing day by day. Indeed, Instagram users want big, sponsored deals that can help them deposit money into their bank accounts, eat the best food, or travel the world. However, brands measure the impact of your account based on both your follower count and your engagement rate.

That’s why well-known celebrities with huge followings are grabbing these big deals, while others are struggling to build their follower counts, reputations, interactions, and much more. But many are wondering: how much money can you actually make on Instagram? And what factors influence how much you can potentially earn? What is influencer marketing? What are the benefits of influencer marketing for small businesses?

How much money can you make on Instagram?

The first question most Instagram users ask is how much money they can make on this platform. Obviously, there is no direct answer to this question. According to Instant Famous, several variables affect the amount of money you can get per post on Instagram. Some of these are your niche, number of followers, monetization method, engagement rates, and quality of posts.

Sponsored posts are one of the most popular ways to make money on Instagram. The industry ranks influencers according to the number of followers and determines the prices for publishing sponsored posts according to the number of followers. For example, there are influencers with less than 10,000 followers in the nano category, influencers with up to 100,000 followers in the micro category, influencers with between 100,000 and one million followers in the macro category, and influencers with more than one million followers in the mega category. Lower-tier influencers like Nanos make $10 per 1,000 followers, micros $100, and macros $1,000.

On the other hand, influencers have the right to set their own prices and their fees are mostly outside these rules. For example, less famous influencers with up to 10k followers may set their fees at $25-50 per post, while a well-known influencer with 30-80k followers will cost $150 or 350 per post, and a celebrity with more than 100,000 followers will set their fees at $ 1,000 per post. It can charge a fee of between $500,000 and $500,000. They also use other factors when determining these figures.

Engagement rate is one of the factors that affect how much money a person can make on Instagram. Accordingly, low-level influencers with high engagement earn more when brands pay for the number of interactions. As a result, companies use a different pricing model, ranging from $250 to $750 per 1,000 interactions.

While your Instagram follower count is important, a lower-level influencer with a higher engagement rate may earn more than another with a large following but few likes and comments on their posts. Followers who engage more are more likely to buy in the near future, and that’s what brands are looking for. Selling on Instagram: How to Sell On Instagram

How many followers do I need to make money on Instagram?

It depends. Many people believe that the only factor brands look at when paying you on Instagram is the number of followers. However, this is not true. They also look at your niche, the quality of your posts, your reputation, and your follower engagement, as these factors influence product awareness and sales. To prove it, let’s review three big factors that can affect your earnings on Instagram even if you have a significant following:

1. Interaction rate

The engagement rate on Instagram is a percentage obtained by dividing the total number of likes and comments by the number of posts and multiplying that by 100. You can use several online tools to do the calculations quickly. Instant Famous states that 4-6% is high, 2-3% is average, and above 10% is viral interaction rate.

A high engagement rate shows brands that their followers are listening to what you say or accepting your suggestions. This encourages them to invest in you because most of your followers will buy their products. So, whether you have 1,000 or a million followers, you can make money on Instagram as long as your account has a high engagement rate. This ratio indicates that your followers have seen and interacted with your content. It also means that your followers pay attention to what you say and there are several potential buyers among them. TOP 15 Instagram Marketing Tips

2. Your niche

Social media has become a part of people’s daily lives. So much so that seven out of 10 people turn to social media networks when deciding what to buy. Most of these people make their purchasing decisions based on the opinions of people they trust. Therefore, if you are knowledgeable and passionate about a particular niche, you can give your followers reasons to follow and listen to you. Promoting brands and products in an area you already love can save you money, even if you don’t have many followers.

Which begs the question: What are the most profitable niches on Instagram? Beauty, fashion, health, fitness, wellness, travel, business, finance, lifestyle, and luxury are some of the most popular niches on Instagram. There are also many brands in these niches that help you create a lot of content for them and successfully monetize it. So, opt for a niche with lots of followers so you can easily get sponsored posts. In fact, most brands work with micro-influencers who have more engaged and targeted followers in these specific niches to promote themselves and their products. 7 Rich Ways to Make Money From Instagram!

3. Your overall reputation

Some Instagram influencers are famous in their industry as well as on Instagram and other social media platforms. These include well-known athletes, scientists, and other subject matter experts. These individuals have excellent reputations both online and offline. Brands want to work with such people, even if they don’t have a large following on Instagram.

Having a large number of Instagram followers is always great because brands are attracted to users or influencers with a large follower base. On the other hand, a number of followers aren’t the only factor needed to start earning on Instagram. Your niche, engagement rate, and reputation also greatly affect your ability to earn on this video sharing platform.

As a result of these factors, there is no clear answer to the question of how many Instagram followers you really need to start making money in the future. Still, you can start making money even with 1,000 followers by exploring various income streams. Social media promoters like Instant Famous encourage active users to leverage their influence on Instagram and seek opportunities to post sponsored posts, engage in affiliate marketing, sell their own digital and physical products, serve as brand ambassadors, or offer social media marketing services.

The article mentions a few influencers who make money on Instagram whether they have a large following or not. This is clear proof that Instagram follower count doesn’t matter, but a high engagement rate of 2,000 loyal followers can make you good money on this platform. Why You Shouldn’t Buy Instagram Followers?

Leave a Reply

Related Articles

Back to top button

We need Your Help!

If you enjoy our content, please support our site by disabling your ad blocker. We depend on ad revenue to keep creating quality content for you to enjoy for free.