You can't be a proper Instagram Influencer until you have a considerable number of followers. And as soon as you gain a large number of followers, you can start earning through Instagram as well.
Did you know that Christiano Ronaldo earns more through his social media than his actual job? He earns a whopping $975,000 per advertised post! There has been an increasing number of bloggers on all social media platforms with an engaged audience. And it pays to be well-liked.
Each of their posts is worth a price.
Instagram has many sorts of influencers. There are micro-influencers, celebrities, and users who lie in between.
How Much Are Followers Worth?
Influencers don't just get money for their posts like this. They earn money through significant collaborations and partnerships.
Collaborations with Brands
Micro-Influencers have a smaller audience of around 3000 plus. Their endorsements are more effective as they have a more engaging audience than celebrities. The fact is people find them relatable, so brands contact them to sell their products.
Mainly the more followers you have, the more influential you are. That means that the influencer can ask for a higher price if they have an extensive followers list.
According to Business Insider, people with 3000 to 10,000 followers can charge brands $60 to $115 per post.
And people with more than 100,000 followers can demand up to $400 per post. So, your followers are worth a lot of money. If you have around 10 k followers, you can earn a substantial amount of money collaborating with brands.
More Traffic on Your Profile
As soon as you hit the 10k mark, you are entitled to many benefits from Instagram. This is not just a metric. Instagram will send more and more traffic your way now that you have a considerable following.
It will be easier for people to reach your content, and your target audience will be able to find you easily. Instagram enables another feature once you hit 10k. It adds your stories in between their friend’s stories and allows the swipe up feature.
The swipeable link is for people with over 10k followers. This will directly bring them to your Instagram profile, your e-commerce, or your blog. In turn, this increases your website traffic and conversions.
Along with this, there are many perks of having 10k followers. That means you can get free gifts and premium items to advertise their products. Brands reach out to such influencers like clockwork and often share their products, special vouchers, and discounts as a payment method.
Gaining 10k followers are eBay, but once you get started, you only go up from there. There are a lot of perks when you have over 10k followers. You can earn a significant amount of money and get your business booming.
However, one needs to be careful with the endorsements because a wrong endorsement might tarnish your and your brand’s reputation.