Are you getting intimidated by celebrities and Instagram models who make a lot of money on the platform with their posts? Have you earned yourself followership of around 1,000 followers and wondered if you could make money from it but have no idea how?
If so, let us help you out by telling you all there is to know about people who get paid for having followership of 1k on Instagram.
In this article, we will be answering all your questions about Instagram payouts. As a bonus, we have also mentioned how you can make money on Instagram! So, make sure you continue to read the article until the end.
We assure you will be leaving our post with plenty of insights and tips you won’t find anywhere else. After all, this post comes directly from our Instagram expert!
With that, let’s get into the details below!
How Much Will Instagram Pay For 1K Followers?
So we all know people with millions of followings earn thousands of dollars; hence they flex their luxury on the ‘gram. However, to answer the initial question of how much you can make with your Instagram account with a 1k followership, the number can vary anywhere between 10$ to 1000$. Again, the amount depends on multiple factors. So, if someone else is getting paid $10, you will not need to be paid the same. Your engagement, the leads you bring, and other factors will determine how much you are eligible to get.
Note: Instagram does NOT pay you any money based on followers. You earn through sponsors, marketing, etc.
Why Would Anyone Pay for an Instagram Account with Only 1k Followers?
When it comes to brands with millions of followers, there is a pattern that they follow, and that includes paying smaller accounts for better engagement rates. Smaller accounts do not bring much engagement on their own, but when seen in percentages, these smaller accounts with 1,000 followers or less bring at least 8% engagement, whereas the accounts with 1-10 million have an engagement rate of just 1.7%.
Hence, the renowned Instagram accounts pay the smaller accounts to get more engagement and attract bigger numbers. But they also do not pay any random smaller accounts to promote their brand. They mostly choose the ones that:
- Maintain their quality
- Are not financially dependent on Instagram.
- Constantly engage with their audience
- Keep increasing their follower numbers
Ways to Make Money on Instagram
To be clear at the start, know that Instagram itself does not pay any amount to you for reaching the milestone of 1k followers. But after you reach this milestone, you pass specific criteria for holding a credible Instagram account.
So, after you reach this number, you have three options with which you can make money on the platform. These three ways are as below:
- Get sponsors for your post
- Affiliate marketing
- Marketing your own services or products
Now, these three factors have their variables too. The variables that can have the most effect on the number that you’ll earn are:
- Kind of content you make and post
- Your targeted audience, who watches and interacts with your content
- The consistency with which you post your content
All these three variables determine the type of numbers that you can make. Other than the ways of earning from Instagram, there is also a choice of influencer marketing that you can look into. It is a type of marketing used for selling your own and known people’s services or products. But it is about chance whether you or your acquaintances own or manage a business.
The three variables stated above are the derivative factors of an Instagram account’s brand value. Therefore, what you can earn from your Instagram account after having a following of 1k followers depends upon the brand value that you have created with the content you post.
Quick Tips to Find Sponsors!
Sponsors are the people you want to get in touch with if you’re going to make money for making promotional posts. Depending upon your fan following, either you have to find the sponsors or the sponsors have to get a chance to talk with you. Since 1k is not that large number of followers in any category, you might have to look for a sponsor yourself by all chance.
If you want to know how to find sponsors or how to build a brand that attracts sponsors and makes them contact you, then there are three things that you need to direct your focus on. They are as below:
- Whether or not your niche is something that can be used for marketing
- How engaging is your followership?
- How fast can you grow your follower numbers?
Depending on these three things, a sponsor analyzes your Instagram page and decides whether or not it’s worth getting promoted on.
How to Maximize Your Earnings Through Instagram?
Instagram is a platform that thrives on content. The platform hosts millions of content creators from all around the world. Therefore, if you think posting once a month or even a week can get you good earning numbers, then I suggest you consider the fact that there will be many people around you who will be making similar content every day. By most chances, they will get more followers and earnings.
The reason for this is the engagement. If you constantly put up content and interact with your followers, your audience will remember to come back to your page and interact with the content that comes in their Instagram feed.
Therefore, the answer to maximizing the earnings on Instagram is to keep your audience engaged. Keeping your audience engaged will make them interact with you and let Instagram’s algorithm know that this content might be exciting and worth suggesting to others.
The more your content engagement outgrows your current followership, the more chances you’ll get better-paying sponsors, earn more through affiliate marketing, and sell your own products or services.
So, that was all the tips and insights straight from our Instagram marketing experts in the team. Instagram is a gem to make a hell lot of money! So, go ahead, take advantage of our free tips and insights and give a kick-start to your journey.