An Extensive Guide to Instagram’s New Subscription Feature: What You Need to Know!

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Instagram’s new subscription feature is an exciting development in social media. It allows users to monetize their accounts, support creators, and increase their reach. With this new feature, Instagram users can access exclusive content, offers, and more. With the ability to create a recurring revenue stream for your business, Instagram’s subscription feature will become an essential part of any online business strategy. Moreover, this feature is easy to use, and you can implement it in just a few steps. Whether you’re an Instagram user or an influencer, this guide will help you make the most of this exciting new feature.

How to set up the feature?

 

Not everyone has the subscription feature. So, first, check if your account is eligible for the part. Then, go to Instagram Account Settings > Subscription. Once you select that, you’ll see a toggle switch that will let you know if it’s turned on or off. You can toggle the button to turn it on if it’s off. Next, Instagram will prompt you to set up your billing information, which you’ll need if you plan on charging for your content. Select “start” to set up your account for the feature. Additionally, Instagram will walk you through a few verification steps, including providing your business tax ID and verifying your mailing address. Instagram will also need an “About” page to make your account fully subscribable.

 

How does the subscription feature work? What do subscribers get?

 

 

The feature allows users to subscribe to your account and receive exclusive content. Of course, they will also see your posts as they usually do. But in addition, they will also receive exclusive content, including photos, videos, and more which is not published anywhere on the web through subscriber lives, badges and stories.

Subscribers will also receive special offers and discounts. Instagram will also allow users to “unsubscribe” at any time, with no questions asked. They will notify the subscribers if there is a change in their price.

 

Maximizing your Earnings:

 

The feature allows you to set a subscription price and charge your followers for exclusive content. The price can be either an amount per month or per post. If you place the price per month, you can charge a higher price since subscribers will get access to your content, including both past and future posts. If you set the price per post, you can charge more for “premium” posts, such as photos taken by a professional photographer or videos that require special equipment and expertise. You can also set a higher price for “premium” content. Instagram does recommend charging per post, though, since that allows followers to engage with your content more often. Instagram also offers you the ability to create a “members-only” feed. With this feature, you can create a meal that is only visible to your subscribers. Then, you can host the dinner on Instagram or your website. If you host it on Instagram, your feed will be accessible via the app or website, but subscribers will not be able to swipe through posts or like posts. If you host the meal on your website, subscribers can engage with posts via their feed, but they won’t be able to see your account within the Instagram app. You can also set a post-expiration date so that posts will only be visible to subscribers for a specific time.

 

Best practices for using the feature

 

 

First, Instagram recommends testing different price points to see what works best for your account. While some people may be willing to pay $10 per month for access to your content, others might prefer the $1 per post. Test the different options to see what works best for your account. Likewise, you may want to offer different price points for different types of content. For example, you may want to provide “premium” content for higher prices. You may wish to charge a higher fee for posts that require special equipment or expertise. You can also offer discounts for annual subscriptions, especially if you have a large following. Instagram also recommends carefully thinking about the content you submit to subscribers. You may not want to offer every post as a subscription. For example, you may wish to provide your “premium” posts but save posts that aren’t as high quality for your feed. That way, you won’t be disappointing your subscribers with lower-quality posts.

 

Pros and Cons of the feature

 

Instagram’s new subscription feature is exciting for several reasons. First, it allows users to monetize their accounts and support other Instagrammers. It also enables users to engage with content at a higher level. With the feed, users can scroll through posts, engage with posts like they usually would, and comment. There’s also the ability to unlock additional content and offers, providing additional value for subscribers.

On that note, the feature does come with some downsides as well. First, Instagram does not allow users to link their accounts with PayPal or other payment providers. That means subscribers need to set up a payment with their phone, which can be inconvenient. Secondly, Instagram does not allow users to set up recurring payments, so subscribers can only use the feature once. That means users must be willing to pay for the quality every month or year.

 

Conclusion

 

Instagram’s new subscription feature is exciting for all users, followers and Instagrammers. It allows users to support their favorite content creators and interact with content at a higher level. With the new subscription feature, you can set up a billing plan that works best for you. Of course, you’ll need to set up your account for the quality first. Once you do that, you can begin setting up your subscription feature, and your followers can enjoy all of its benefits. With this feature, there are more opportunities than ever to monetize your account and engage with your followers.

Want to grow your business online, contact Markitome.

 

 

 

 

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