Instagram and Facebook picked this week to launch their first-ever Creator Week, which coincides with Apple’s annual Worldwide Developers Conference. This three-day event is oriented toward aspiring and budding digital producers, with virtual DJ sets at 9:45 a.m. and seminars. The seminars will be based on “Algorithm Mythbusting” and raising “zillions for a cause you care about,” among other topics. Moreover, Instagram’s new tool will also add new ways for creators to earn money from badges and Stars.
Instagram’s new tool- Announcement
During the first day of the event, Mark Zuckerberg founder of Facebook said that with reference to Instagram’s new tool that bloggers can earn ‘extra money’ by achieving a specific goal. Instagram, Facebook-owned photo sharing platform is adding Instagram’s new tool and features to allow creators to earn from the platform. The creators will be able to earn commission from new products available on checkout along with new Shops features.
How does Instagram’s new tool, affiliate marketing work?
Bloggers on Instagram can earn ‘rewards’ by reaching a particular number of ‘tags,’ and Facebook users can earn bonuses by playing in the ‘Stars Challenges’ option. In the coming months, Instagram will start testing a native affiliate tool. The affiliate tool allows creators to recommend products available on checkout, share them with their followers. Also the creators will be able to earn commissions for sales their posts drive. When creators make these posts, the text “eligible for commission” will appear below their username similar to sponsored content labels. Mark Zuckerberg said that by doing so, his company wants bloggers to benefit from creating creative content for their fans.
Zuckerberg added during Creator Week -“Our goal is to be the best platform for creators like you to make a living. And if you have an idea that you want to share with the world, you should be able to create it and get it out there easily and simply — across Facebook and Instagram — and then earn money for your work,”.
Social media apps Instagram and Facebook are working on a new feature that will allow bloggers to monetize their creative content. With Instagram’s new tool affiliate marketing, bloggers will now spend more time on Facebook and Instagram than any other app.