Instagram Subscriptions Trial Launches for Influencers

Posted by Matin Varshochi in InfluencersApril 22, 2022(Last Updated July 28, 2022)2 min read
Key Takeaways
  • Instagram has begun test trials regarding premium services for popular influencers.
  • Instagram's reasoning behind this move is to allow content creators to earn a livelihood since they spend a large portion of their time making and delivering quality content to their followers.
  • The premium service contains many features, such as exclusive stories, lives, and a special badge displaying that a user is a paid subscriber of an influencer. 
Are you ready to make some real money moves?

With popular social platform YouTube allowing content creators to have an exclusive subscription feature, Meta has rolled out a similar service for Instagram where creators can have subscriber-only lives and stories. (The new service is currently in its infancy; only a select number of influencers have been chosen for the test trial.)

 

Why Instagram Started Subscriptions

 

The reasoning behind the new Instagram subscriptions is to allow influencers to earn a livelihood from the following they have amassed on the social media platform. Many content creators spend a significant amount of time working to deliver quality content to their followers. Therefore, it makes sense that they should be getting paid for premium content if they wish to utilize this feature. 

Recommended Read: The Financial Deception Caused by Social Media

 

How the Instagram Subscriptions Feature Works

 

Instagram subscriptions will work very similarly to Facebook subscriptions. The content creator can set a monthly price of their choice, with the price point ranging from $0.99 to $99.99 per month. During the test trial, influencers can choose from the following eight options: $0.99, $1.99, $2.99, $4.99, $9.99, $19.99, $49.99, and $99.99. 

 

Recommended Read: Social Media or Not: Different Ways to Promote Your Business

 

As Instagram is implementing its premium, paid service, it is expected to receive a percentage of the total sales. However, the head of Instagram, Adam Mosseri, mentioned they would not collect any fees from creators' subscription purchases until 2023. In addition, Meta's CEO, Mark Zuckerberg, has said that the percentage of sales Instagram collects will most likely be lower than 30%

 

The premium feature contains subscriber stories, where influencers can create stories exclusively for paying followers and allow them to access premium content and interact more closely. Another premium service feature is subscriber lives, where creators can host live content for paid subscribers. 

 



Users can subscribe to their favorite influencer via a button on the creator's profile page. Users who pay for the premium service will be rewarded with a subscriber badge. The badge will be displayed when the user interacts with the creator's content, such as in the comments section of a post, on their lives, or in response to a story.

 

When Instagram Subscriptions Will Become Available to All Creators

 

Instagram has not yet announced when all influencers or users will have access to this subscription service. However, the pilot program's success will play a significant role in Meta and Instagram determining whether they will broaden the premium service to nearly all users.

 

 

 

Main Image/Thumbnail - Editorial credit: ﹏﹏﹏﹏﹏ / Shutterstock.com

Was this content helpful?
Comments (0)

Sign In to leave a comment.

Download the CapWay App

Access more features to your Money Account

  • Money Goals
  • Request Money
  • Categorize Spending
  • Money Talk

The CapWay, Inc Debit Visa Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.

1. For Money Account holders with a negative balance, the CapWay debit card will go into freeze until funds are deposited to bring account back to current. See terms and conditions

2. Sending or receiving money from other CapWay account holders will be instant. Transfers from other accounts could take up to 48 hours, depending on the financial institution.

3. Early access to funds requires direct deposit. Early payment is not guaranteed and is dependent on the timing of payer's submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date.

4. Money Goals allows account holders to save money towards financial goals created within the CapWay platform. Funds can be transferred from your Money Account or saved through the rounding up of your transactions from purchases.

5. CapWay offers financial content through Learn Money free of charge, but may include advertisements through affiliates. Phunds, CapWay's literacy program and session, is paid content or co-branded content.

© 2019-2024 CapWay Inc. All Rights Reserved.