Millions of pictures are uploaded to Instagram every single day, and millions more are tucked away in a database being ‘liked’ by the millions of members that use the service.
So who is really benefiting from Instagram? Well right now select Instagram stars and Instagram itself, but that could change thanks to a new app that let’s you sell your Instagram photos as stock photography. Instagram has over 100 million users, and a new application launching in August 2013, wants those members to have the chance to make some money.
InstaStock Images is the first stock photography marketplace exclusively for Instagram photos. Founder and CEO, Laneia Moore says the philosophy behind InstaStock Images business model is inspired by micro entrepreneurship. “We wanted to create a way for Instagram users to be able to share in the success of the platform by making money from their pictures. Sometimes an extra hundred dollars here or there can really make a difference in someone’s life. We just believe it’s the perfect way to monetize the love that Instagram fans have for the app.”
Using InstaStock Images, Instagram users can upload pictures from their Instagram accounts and set a selling price for their photos. Most images on the site will be royalty-free. Buyers on the site simply purchase a license and are able to have unlimited creative use of their royalty-free image. This is a huge business right now, with sites like NYT, Mashable and even our site, using stock images for the articles you read everyday online.
The new applications says the average content creator “can earn roughly $.25 on some competitor stock photography sites, users of InstaStock Images can earn at least 3 times as much”. This is done by utilizing a 40/60 split with InstaStock Images, with Instagram users keeping 60% of the money sold from their photographs.
more info: instastockimages