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thats not how the instagram economy works. accounts are basically worth an additional $100 for every 5,000 followers, multiplied by engagement percent. ie. 1%
by rolltiide 7y ago
thats not how the instagram economy works.
accounts are basically worth an additional $100 for every 5,000 followers, multiplied by engagement percent. ie. 1% engagement account with 5,000 followers would be worth around $100, 2% with 5,000 followers worth around $200. forget accounts with high heat (A and B-list celebrities), people flip meme and inspirational accounts ALL DAY. (this a simplistic scale from how I've seen the opening bids be set, and the negotiations I've had).
when when you aren't flipping and suddenly rebranding accounts, you get ROI by doing promos which have a fairly fixed cost. $10 to post about someone else or tag them in a story. the better your account is, the more you can charge and the less time you have to show someone. with stories you can stack promos all day and break even on an account in a week.
you get ROI to break even very quick.
(a hacker or phish may try other things like scamming D-list model's thirsty followers in Direct Messages.)
> maybe you could make a few hundred dollars promoting some crpyto thing
false. you'll get 2% of the entire currency pre-mined and minted straight to you, 3% of the funds raised, and upfront fees in the low five figures.
and if the crypto is post-launch, you'll get upfront fees, a lot less tokens, and then the hundreds of thousands you'll make pumping it if people bite. otherwise, you have to buy yourself and hope you can pump it, and if you are poor thats the only way you'll wind up with "just a few hundred dollars promoting some crypto thing"
yeah leave this to the pros and imagine people are still just buying fake followers or something relevant half a decade ago.
honestly, I feel like Facebook should be acting as an escrow agent and taking a cut of the promos and account sales. Would be safer for participants and lucrative for FB.