How Much Does Instagram Pay For 1k Followers?
So, you started creating content on Instagram as a hobby, and now that has become regulatory given the amount of regular response you are getting from the audience. You even managed to gather 1K followers (woohoo!) on Instagram.
Once what you used for killing time has become your passion, you are wondering how to make money from Instagram. More importantly, if you have 1K followers on Instagram, this question comes to mind – how much does Instagram pay for 1k followers?
With the growing numbers of influencers, it is tempting enough to want to reach 100k followers on Instagram and start earning from sponsored posts and stories. But do you really need 100k or 1M followers on Instagram to start influencer marketing? Well, that’s what this article will answer for you.
How Much Does Instagram Pay For 1k Followers?
Not just celebrities, the pretty girl living in your locality also has more than 100k followers on Instagram; and I can tell that she’s been earning pretty good money as an influencer. Now, you can also earn money from sponsored posts on Instagram. But, for that, you don’t have to have 100K or 1M followers on Instagram. You can start earning with as little as 1K ( which is also not so little if you ask me).
So, do you have 1K followers on Instagram? If yes, you need to learn how to make money on Instagram with 1K followers. Yes, you will get paid for having 1K followers on Instagram, but the amount may not be too much and also not too little. You will earn between $10 to $1000 with a 1K followership on Instagram.
Multiple factors decide your eligibility to earn from Instagram. The amount and quality of leads your posts bring, the engagement on your content, and more are there to decide how much you are eligible to earn from Instagram.
However, you must know that Instagram does not pay users based on the number of followers they have. You can only earn money from sponsored posts, marketing, etc.
How To Make Money On Instagram?
Yes, you can make money on Instagram, but it is not based on your number of followers or the views, likes, and comments you get on reels, posts, and stories. Instagram influencers make money in different ways by leveraging their Instagram follower lists.
According to the survey done by HyperAuditor, Instagram influencers with followership ranging between 1000 to 1 million have the following modes of income from the platform –
- 40% of the influencers’ income is generated from sponsored posts or brand promotions.
- 22% of the influencers/users use the platform to gain more clients.
- Affiliate marketing is also a mode of income a 15% of the influencers use.
- Many businesses and influencers also sell different courses on the Instagram platform for revenue.
- Some of the influencers are here to get more subscribers on different third-party subscription services like OnlyFans and Patreon.
How Many Followers Needed To Make Money On Instagram?
Do you really need 1m followers on Instagram to start making money on the platform? No, but having a million followers is always better than having 1000 followers on Instagram. If you have 1 million followers you can monetize your account for sponsored posts on the platform.
The more followers you have on Instagram, the easier it will become for you to make money on the platform. However, you can also earn money on Instagram with fewer followers. You don’t necessarily need millions of followers on Instagram to start making money from the platform. All you have to do is focus on building a sustainable followership.
Do Brands Collaborate With Instagram Accounts With 1k Followers?
The simple answer – is yes. Brands do their marketing and distribution of sponsored posts with a pattern. While they also pay accounts with vast follower ships, paying smaller accounts reportedly brings better engagement rates in percentage.
According to data, smaller accounts can bring up to 8% engagement rates compared to only a 1.7% engagement rate provided by an account with 1 to 10 million followers. So, you can clearly see why any brand will pay for your account with only 1K Instagram followers.
If you were randomly followed by such accounts who reached out to your IB to ask you to follow another large account, it is all about engagement rates. Instagram accounts with huge followership often pay smaller accounts to leverage their engagement rates to promote their brands in a wider spectrum.
Tips To Find Sponsors On Instagram
Sponsors or brands on Instagram contact you to help them promote their brands. They ensure that you earn from different promotional posts on Instagram. Your followership is usually what decides the type or the number of sponsors you meet. You either have to find sponsors yourself, or they have to reach out to you.
When you have 1K followers, you may have to look for sponsors yourself. However, if you want to attract sponsors, then there are a few things that you have to follow.
- First, you have to find out if your niche can be used for marketing.
- Is your followership engaging enough?
- How rapidly can you increase the number of followers you have?
A sponsor analyzes these aspects to see if your profile is worth promoting their products through. When you focus on the said aspects.
How Much Money Do Instagram Influencers Make?
If you can battle the game of likes, comments, and shares on Instagram, you have already created an interesting income source. Yes, the platform is competitive, with too many content creators. But is battling out this competition worth it?
How much money do Instagram influencers make? There were multiple surveys on the same. Here is a detailed idea of how much you can make as an influencer.
The battle for likes is still raging on Instagram. And with a growing number of competitors, it is difficult. HypeAuditor does a great survey. HypeAuditor ran a survey where they took 1865 Instagram influencers. They asked them about their income, workload, and the time they needed to invest to get where they were.
A massive 45.74% of these influencers were women. Also. 28% of these influencers are aged between 25-34.
An influencer makes US$2,970 on average every month. However, income differences exist across different content creators on Instagram. It also depends on the number of followers each of the followers have.
There are so many micro-influencers who only have 1000 to 10000 followers. These influencers only make around $1,420 monthly.
It is only natural that an influencer with 500k followers will earn more than an influencer with 1000 or 10000 followers.
Above Average Income
Different surveys and data show that less than 5% of the influencers make more than $5,912.8 per month. These influencers usually make a living out of their Instagram income. However, it also depends upon the brands an influencer gets to promote. Different brands have different payment structures based on their collaboration. So, that also affects the income an influencer generates from Instagram.
Frequently Asked Questions !! (FAQs):
Here are some popular and relevant questions and answers on Instagram.
Ans: If you have 1 million followers on Instagram, then you can make $10000 for each of the posts on the platform. However, your earning also depends upon the brands you collaborate with. But if you have that many followers, you can charge your collaborators accordingly.
Ans: In 2021, Christiano Ronaldo made $1.6 million dollar for each of the posts he made on Instagram. He broke that record in 2022 by charging an average of $2.3 million for each of the posts. He is the highest-paid user on Instagram.
Ans: There is no strict rule that you cannot get paid with a 1K or 5K followers on Instagram. Many influencers claim that they generate some amount of earnings from as few followers are 5k or less.
Hopefully, you have found the answer to the question – how much does Instagram pay for 1k followers? Instagram Influencers with 1K followers are micro-influencers, and they only have a small set of followers, and they earn a relatively smaller amount compared to influencers with larger followership. They usually earn between $10 to $1000. However, if you have good engagement and a great niche, you could make around $250 on average. If you want to start earning from your Instagram account, you can do with as small a followership as 1000 followers. However, you can ask us questions in the comment section if you have any further queries.