500K Active Advertisers On Instagram
Status: Available Now!
Type: News
Date: Thursday 22 September 2016, 12:00 AM
Media: Techcrunch

About the organization Instagram:
Type: Business
Sub-Types: Website, Picture Hosting Agent, Video Hosting Agent, Application Software, Telecommunication, Telecommunication Software
Notable Organizations: Instagram, Techcrunch
For those of you following Instagramís ad business, my headline might seem a bit familiar ó yes, the Facebook-owned photo-sharing service announced another advertiser milestone back in February, but at the time there were only 200,000 advertisers, less than half of the 500,000 advertisers that Instagram says it has today. To be clear, the company says thatís the number of active advertisers in a given month, so itís not counting someone who ran a campaign a year ago and never came back. And it says 1.5 million businesses have converted to the new business profiles that launched at the beginning of summer. This time around, the big message is that Instagram campaigns arenít just about reaching eyeballs, but also convincing users to buy products. For one thing, the company says that since the global launch of the ad program last September, Instagram ads have driven one billion user actions. It also says those ads drive a 2 percent lift in offline sales. As an example, Instagram points to handbag brand Dagne Dover, whose Instagram campaign combined a Shop Now button with targeting at students, mothers, professionals and women interested in fashion and travel, ultimately increasing return on ad spend 13x in two months.
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