It turns out that the more followers you have, the more likely you would be able to make money out of an Instagram account!
It has been reported that some users are receiving thousands of dollars for sharing a single photo that promotes a company’s product.
By this we mean that Instagram users with more than 100,000 followers can earn $700 to $900 per photo. Now that’s an outstanding way to make easy money out of advertising on social media!
And not only do these Instagram users get paid for promoting an item, but they can also command a certain price tag depending on their popularity. Some are capable of commanding $8,000 for a single sponsored photo!
As for celebrities, they are likely signing big contracts endorsements, which are probably worth more thousands per photo.