• How Much Does it Cost to Advertise on Instagram?

Instagram offers a number of ways to use Direct Messages, Posts, Stories, and Boomerangs to effectively engage with your audience. In addition to these free options, paid advertising on Instagram is also a powerful marketing tool. Like Facebook advertising, Instagram ads offer advanced targeting and flexibility so as to be accessible for just about any business. If this visual platform is a popular channel for your target audience, you may want to advertise on Instagram. To help you decide, read on to learn about the workings, advantages, and cost of advertising on Instagram.

How Does Instagram Pricing Work?

Ads appearing on Instagram can have up to 5 different calls to action, can link to outside websites, and give users options to download applications or shop online stores.

You don’t actually even need an Instagram account to advertise on Instagram. Since Facebook is its parent company, all you need a Facebook business page. However, it is best to have an Instagram account so you can familiarize yourself with content that resonates best with your target audience. Ads are created with the same tools for Facebook advertising, which include Ad Creation, Power Editor, and the Facebook Ads API.

Just like with Facebook ads, you will set a budget and target audience, and your ad will run within the time frame and budget parameters.

What Makes Instagram Advertising Worth the Price

There are a few benefits of paying for ad space on Instagram rather than simply running campaigns and promotions directly from your business’s account.

Advanced Targeting

Since Facebook owns Instagram, Instagram advertising utilizes the same comprehensive demographic and geographic data. This advanced targeting is what makes Facebook advertising work so well, as you can be incredibly prescriptive when targeting your ideal audience.

Better Click-Through Rates

The click-through rates on Instagram are very impressive. Users click on Instagram ads roughly 2.5 times more often than on ads for other social media sites (Source: Fortune).

Include Outside Links

Instagram does not currently allow clickable links in posts or direct messages. You can include a link in your caption or message, but the recipient has to copy and paste it into their browser. With Instagram advertising, you can include outside links, which enables you to use landing pages and promote product pages.

Longer Videos

Typical Instagram video posts are limited to 15 seconds, but Instagram advertisements allow up to 30 seconds. This gives you more opportunity to convey both your personality and the features and benefits of your offer.

The Cost to Advertise on Instagram

The cost of Instagram advertising is a bit more than the cost of Twitter advertising and Facebook.  With its impressive targeting capabilities and click-through rate, the cost to advertise on Instagram is a bit higher. Average CPM (cost per thousand views) is $6.70. This will likely go down as more companies utilize the platform.

Advertising on Instagram and other social media platforms can be well worth it if you strategize. It may take a few attempts to gather the intel needed to figure out what’s working for you, but this is the case with any type of marketing campaign. Give it a shot! Social media is a powerful tool and enables you to reach thousands of people that otherwise may have slipped right by you.

How to Advertise for Free on Google…

Of course, Instagram and Google are different platforms whose users have different intentions, but there is still a lot of overlap. If you don’t have the budget to advertise on Instagram, you can use your Google My Business profile to advertise for free on Google. There are a number of different ways you can do this, such as by:

• Adding news, events, promotions, and products to your Google post section
Posting FAQs to your Q&A section to highlight your best features
Optimizing your profile to rank higher for local and relevant searches

Use our free tool below to make sure your Google My Business profile is set up to help you get some free and effective advertising.

ThriveHive combines easy-to-use tools and expert guidance to help businesses stand out and get found online. Learn more about our guided marketing and advertising solutions here.

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