How Bustle is making Instagram pay off
With many advertisers opting for Instagram over Snapchat, Bustle is betting on the photo-driven platform, hoping it’ll pay off with advertisers.
By devoting more people to the platform, the millennial women-focused site has added 1.3 million Instagram followers in the past year, for a total of 1.6 million. Bustle wouldn’t share revenue figures, but a rep said the company is doing four times as many branded content deals a month on Instagram versus a year ago.
“It was really making a shift from spending a little bit of time on Instagram to having dedicated people focusing on it,” said Hayley Saltzman, Bustle’s deputy editor of social.
At this time last year, Bustle had 258,000 followers and was adding 13,000 followers per week, according to Instagram marketing platform Dash Hudson. In April, which has the most recent complete-month data, Bustle was adding 22,000 followers per week, according to Dash Hudson.
A year ago, Bustle had just one social media editor spending about 20 percent of their time on Instagram. Now, Bustle has three social editors that spend at least 20 percent of their time on Instagram and a fourth editor who works exclusively on the platform. It also brought on a designer who focuses on Instagram. There’s even a meeting just for Instagram, where around 10 people from design and editorial meet for an hour each week.
Large social followings sound great, but they aren’t of much significance to publishers if they can’t be monetized. And while there are some exceptions, publishers have generally struggled to make money off platforms like Instagram. Some, like Mic, have made a big investment in Instagram because, like other publishers that don’t have a highly coveted Snapchat Discover channel, Instagram is a proven way to get their brands in front of young people. As a publisher that’s not on Discover, Bustle also relies on Instagram for that reason.
“In many cases, it’s the most natural off-platform environment for us to showcase the incredible work we’re doing for our brand partners, and help extend engagement with our audience,” said Bustle CRO Jason Wagenheim.
Wagenheim said that more than half of Bustle’s branded content deals involve Instagram. About half of this comes from its branded memes. Bustle also recently created another Instagram revenue stream with sponsored Stories, as seen in the image below.
For about a month, it has run Stories sponsored by brands including Sephora, Hidden Valley and the film “Before I Fall.” By the time Bustle started running sponsored Stories, it had increased its overall Stories output from about three a week last fall to about seven per week.
“Almost every pitch we send out to clients now includes Instagram,” said Jackie Bernstein, Bustle’s director of branded content. “It has become more of a marquee product for us in terms of sales.”
Member ExclusiveMedia Buying Briefing: DE&I measurement ‘is a bullshit fix,’ and other takeaways from Digiday’s Media Buying Summit
Feedback from those who do the hard work at media agencies revealed a lot of issues boiling under the surface of their day-to-day jobs, from DE&I shortfalls to massive confusion in the CTV space.
Kill Your Algorithm: Listen to the new podcast featuring tales from a more fearsome FTC
Kill Your Algorithm, a Digiday podcast special exploring the implications of a more aggressive Federal Trade Commission, delves into the agency's settlement with period tracking app Flo and why some think it wasn't tough enough.
Future PLC CRO on how its proprietary ‘secret weapon’ can help shoppers amid upcoming chaotic holiday season
Webby is "confident" the company will bring in more e-commerce revenue for its affiliate partners this year than the nearly $1 billion in sales in 2020.
SponsoredHow advertisers are navigating advanced TV and premium video convergence
Nicole Schumacher, vice president of product marketing, Xandr Advertisers have a number of priorities and considerations as premium video content for viewers evolves. Media types are converging as audience behaviors diverge, adding nuance and complexity to each phase of campaign workflows. It’s the age of innovation for all types of video advertising, including convergence — […]
Member ExclusiveMedia Briefing: How sportsbooks are placing bigger bets on sports media outlets
In this week's Media Briefing, media editor Kayleigh Barber looks at how sports betting companies are pushing more money to publishers.
As the FTC takes aim at tech giants, the regulator just lost key tech and data privacy leaders
The FTC has just nine technologists, and three recent departures could stymie its hiring goals.