Instagram is still the most lucrative way to turn your online following into a business, even without 'likes.' Here's why, according to influencer-marketing experts.
- Instagram's decision to test hiding the number of 'likes' on posts has been met with backlash from influencers and celebrities. But according to experts, Instagram is still the leading app for monetizing a social media following.
- Along with YouTube, Instagram is one of the only platforms where influencers can reliably monetize their follower count thanks to its social commerce tools.
- That won't change if "like" counts are hidden, experts say - that's because advertisers and influencers now care more about click-through traffic than "vanity metrics" like the number of "likes" on a post.
- TikTok is piloting social commerce tools similar to Instagram, but it's too soon to tell whether those will catch on.
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Instagram's announcement that it would test hiding the number of "likes" on posts for some US users ruffled feathers earlier this month, with some celebrities and influencers threatening to leave the app over the disappearance of their like counts.
But Instagram is still one of the most reliably profitable apps for both influencers and advertisers alike. And according to influencer marketing experts, the decision to hide the number of likes on posts is unlikely to change that.
Instagram has said its decision to hide like counts is geared towards improving mental health.
"We are testing private like counts because we want Instagram to be a place where people feel comfortable expressing themselves. Gaining more leverage over ad deals has not been, and will not be, a motivating factor for the test," a spokesperson for Facebook, which owns Instagram, told Business Insider.
In interviews with Business Insider, the heads of four social media marketing firms explained why Instagram is still king when it comes to monetizing a social media following.
Above all, its biggest draw is the size of its audience. Instagram has over 1 billion monthly active users worldwide. It also has a head start on social commerce tools, which allow influencers to link directly to ecommerce sites from their posts and for advertisers to monitor the number of users who click on those links - a much more valuable metric than the number of likes a post gets.
Experts said the only comparably monetizable app for influencers is YouTube, which offers the unique feature of paying creators ad royalties based on the number of views their videos get. TikTok has also begun to roll out social commerce tools, but experts said it's too soon to tell whether those will prove as effective as Instagram's.
"Instagram is still far and away the leader for branded content deals in part because that's where those with the most purchasing power are and at the greatest scale," Ryan Detert, CEO of influencer marketing firm Influential, told Business Insider.
Here's a breakdown of why experts say Instagram is still the most lucrative social media for influencers, even if it hides how many likes a post gets: