Snapchat, one of the top social media applications in the world, is now expanding money-making opportunities for top content creators.
Snapchat is one of the top social media platforms, with over 750 million monthly active users and 443 million daily active users worldwide. On the other side, 350,000+ creators actively populate Snapchat stories, spotlights, and other canvases to provide engaging content to global audiences. Snapchat has created a robust ad revenue stream using the combination of a high user and creator base.
While Snapchat creators earn good money from the platform’s monetization program, they may soon earn much more. Snapchat is expanding its revenue-sharing arrangement as it plans to place ads within longer Spotlight videos. For now, Snapchat pays creators money from revenue generated through ads placed in Snapchat stories.
“With Spotlight viewership up 25% year-over-year, there is a unique and growing opportunity for creators to monetize this format in the same way they do with Stories. We remain committed to evolving and expanding the total rewards available to creators,” said Snapchat in a statement.
This program is being offered to select Snapchat creators who are eligible through a set of metrics. The very first one is the length of content they create. As Spotlight showcases videos with longer durations, only those who cater to the segment will get the expanded monetization opportunity.
Spotlight is a tab that showcases some of the most entertaining Snaps on the platform and gets gradually personalized with each interaction. This makes the Spotlight space a highly anticipated one, but it can also create chaos if offered to any content creator.
The standard criteria to be eligible for monetization on the Spotlight section include:
- The creator must have at least 50,000 followers.
- The creator should consistently post 25 Snaps per month in the Saved Stories section.
- They must have posted on at least 10 of the last 28 days in the Spotlight or Public Stories section.
- At least 10 million Snap views, 1 million Spotlight views, or 12,000 hours of view time must have been gained by Snaps posted in the last 28 days.
Snapchat claims to have nearly tripled the number of creators on its platform since last year. More and more creators are switching to Snapchat as TikTok faces a potential ban, causing many million-worth creator pages to go dead with immediate effect. Top social media platforms are using this as an opportunity to attract TikTok’s users and creators to their interface.
