How Much Do Instagram Celebrities Earn?
Instagram is not only one of the most popular social networks in Turkey but also globally. With 50 million active users in Turkey and over 1 billion worldwide, Instagram has become a preferred platform for many brands and companies to advertise and, importantly, for individuals to make a substantial income. You may have heard that even relatively unknown accounts with thousands of followers can earn a significant amount of money on Instagram. So, let's explore just how much money Instagram influencers with substantial followings make.
How Much Do Instagram Influencers Make?
In essence, the monetization model applied not only to Instagram but also to all social networks involves running direct advertising campaigns with brands and companies or engaging in barter collaborations.
In typical advertising campaigns, brands or agencies compensate Instagram users with large followings, often in the millions, with monetary payments. Payment structures vary for different types of content, including regular posts, stories, and reels videos. If you're wondering about the earnings of Instagram influencers, the 2021 average Instagram ad rates for accounts with 1 million followers are as follows:
- One post: $500 - $1,000
- One story: $100 - $200
As you can see, the revenue models for Instagram accounts can be quite lucrative. However, it's important to note that the figures mentioned above represent averages, and some influencers charge tens of thousands of dollars for a single sponsored post. Of course, direct advertising is not the only income source. Let's explore how high-profile influencers with large followings generate income on Instagram.
Affiliate Marketing: The Scroll-Up Model with Trendyol and Other Companies
In recent years, brands have shifted their approach from direct Instagram endorsements to product promotion based on sales, often referred to as affiliate marketing. One prominent example of this is Trendyol. The company collaborates with numerous influencers, particularly during campaigns like Black Friday, by featuring scroll-up ads in their Instagram stories.
Commissions can range up to 30% of the product's sale price. In other words, if an Instagram influencer shares a product in their story that reaches 100,000 people, and 100 people make a purchase, they can earn $3,000 if there is a $30 profit per product. This is just one example, and influencers can potentially earn up to $100,000 monthly with consistent engagement.
Barter Model: Free Products and Services
The final answer to the question of how much Instagram influencers earn lies in the barter model. While it may not provide direct monetary compensation, it offers substantial benefits in the form of free products and services. For instance, in the barter model, a 5-star hotel might offer one week of complimentary accommodation in exchange for influencers sharing their experience.
Typically, influencers enjoy services worth thousands of dollars without any financial outlay. Additionally, they receive makeup products, electronics, and a wide range of items without charge through barter arrangements.
In conclusion, Instagram influencers have various income streams, ranging from direct advertising campaigns to affiliate marketing and barter collaborations. Their earnings can be substantial, and it's a dynamic field where creativity and engagement play a significant role in determining income levels.