Are you looking to monetize your Instagram or Facebook accounts or do you already do it directly? Then you’re in luck, because Meta announced some changes that you’re sure to love. What are we talking about? Of the improvements in the monetization of Facebook and Instagram that will soon go into effect. What can you expect from these platforms?
Meta extends until 2024 the period to monetize without charging commissions on Facebook and Instagram
Generally, when a platform allows monetization, the developers also take a cut of that money. Until now Meta does not do it, but it had planned to change this policy from 2023 and start charging commissions .
Luckily, Mark Zuckerberg posted on his account that they will extend the end of this period until 2024 . Yes, Meta will give content creators on Facebook and Instagram a year of grace to monetize without paying any commission. This is fantastic news as users will be able to withdraw 100% of their earnings for another couple of years.
New monetization methods for Instagram and Facebook, as well as improvements to the current ones
The above is the most important news offered by Meta about monetization on its social platforms, but it is not the only one. It turns out that Zuckerberg also announced some additional changes for Facebook and Instagram, which we list below:
- New monetization methods : fan subscriptions, paid events, for getting certain medals, new private groups on Facebook for your most loyal followers and more.
- Better Viral Reel Bonuses – If any of your reels go viral on Instagram, Meta will give you better rewards for it. In addition, you can also publish them on Facebook and monetize them from there.
- Facebook Stars Tips – Just like Twitter’s tip jar, Facebook will soon allow users to send small rewards to each other.
- Creator Marketplace : A marketplace within Instagram where content creators can offer their services and be discovered by brands or advertisers to create alliances.
As a final point, Meta will also allow content creators to display their digital collectibles (NFTs) on Instagram . Come on, a bet similar to that of Twitter to show your NFT as a profile picture.
This latest novelty does not aim so much at monetization within the platform itself, although it would make it possible to publicize your NFTs and make a user interested in buying them (outside). This functionality is already being tested on a small scale , but Meta hopes to expand availability to US creators soon. The same with other novelties listed here.
