How To Make Money Off Your Social Media Followers As A Influencer?

How To Make Money Off Your Social Media Followers As A Influencer?

Do you have increasing amount of followers on your social media that make you become a micro-influencer?

Well, if you do-this topics if for you.

• Micro-influencers: According to researchers, a micro-influencer has between 1000 to 100,000 followers on a specific platform. For example, a person with 50,000 followers on Snapchat would count as a micro-influencer. In most cases, businesses partner with micro-influencers.

• Macro-influencers: A macro-influencer has more than 100,000 followers. In most cases, influencers tend to include Internet and Hollywood celebrities. Due to their mass following, influencers tend to charge high prices for their services, which is why small-to-midsize businesses (SMBs) stick to micro-influencers.

No matter which type of influencer you choose to partner with, they can have an impact on your bottom line.

Facebook

In order to get paid as a Influencer or Facebook you must have 1000 followers.

Facebook provides influencers and companies unprecedented access to consumers. That’s why influencers on the platform charge an average of $25 per post, per 1000 followers.

For perspective, here are some potential influencer marketing prices on Facebook:

• An influencer with 10,000 followers could charge $250 per post
• An influencer with 100,000 followers could charge $2500 per post
• An influencer with 1,000,000 followers could charge $25,000 per post
• Instagram Influencer charges  $10 per post for 1,000 followers.
• An influencer with 10,000 followers could charge $100 per post
• An influencer with 100,000 followers could charge $1000 per post
• An influencer with 1,000,000 followers could charge $10,000 per post
• Influencers that follow this pricing model charge $250 to $750 per 1000 engagement, on average. That means, on average, 1000 users engage with that person’s posts. On Instagram, engagement can range from liking to commenting.

Twitter

At $2 per post, per 1000 followers, Twitter offers the lowest influencer marketing prices.

For perspective, here are some potential influencer marketing prices for Twitter:

• An influencer with 10,000 followers could charge $20 per post
• An influencer with 100,000 followers could charge $200 per post
• An influencer with 1,000,000 followers could charge $2000 per post
• YouTube
• YouTube charge $20 a video, per 1000 subscribers. YouTubers with audiences of more than one million subscribers tend to veer away from this price point.
• For perspective, here are some potential prices for influencer marketing on YouTube:
  • A YouTuber with 10,000 subscribers could charge $200 per video
  • A YouTuber with 100,000 subscribers could charge $2000 per video
  • A YouTuber with 1,000,000 subscribers could charge $20,000 per video
  Keep in mind, however, that after an influencer reaches more than one million subscribers, they have more freedom over their rates. According to analysts, YouTubers with that big of a reach can charge up to $50,000 per video.
  Like Facebook, YouTube offers a platform for connecting with influencers, but it comes with a price.
• The platform FameBit matches influencers and companies. It uses several factors, like your budget, target audience, and goals, to connect you with an influencer. While it doesn’t cost anything to join FameBit and find an influencer, the minimum project cost is $100.
  FameBit also charges a 10 percent service fee once you’ve matched and approved an influencer’s content.
  If you prefer a performance-driven approach, you can also base your influencer marketing prices on video views. Influencers charge around $50 to $100 per 1000 views. This price range often depends on the influencer’s number of subscribers, as well as their most recent stats when it comes to video views. If an influencer’s newest videos earn around 10,000 views, versus 5000 views like their earlier videos, you can expect to pay more.
• Snapchat
• Snapchat provides companies access to a range of influencers. On average, influencers on Snapchat charge $10 per post, per 1000 followers.
• • n influencer with 10,000 followers could charge $100 per post
  • An influencer with 100,000 followers could charge $1000 per post
  • An influencer with 1,000,000 followers could charge $10,000 per post
  If you’re familiar with Snapchat, you may have spotted a problem with this pricing model.
  On Snapchat, you can’t see how many followers someone has because it’s private. You can, however, see a user’s Snapchat Story view count. While some companies use that view number to estimate an influencer’s follower count, others use it for a different pricing model.
  Instead of paying $10 per post, per 1000 followers, businesses pay $10 per post, per 1000 views.
  Like YouTube, Snapchat also offers a matchmaking program for companies and influencers.
  With Snapchat Storytellers, influencers provide your business with their services, as well as recommendations for improving your presence on Snapchat. This program, however, is limited to a select number of influencers and brands. The advantage is that Snapchat Storytellers doesn’t charge a finder’s fee, unlike FameBit.
• Blogs
• Influential Blogs charge an average of $60 per post, per 1000 unique visitors. 
• • Industry: If you’re in a technical industry, it’s essential to partner with an influencer that understands your market and target audience. Due to their expertise, however, they can often charge more than $60 per post.
  • Topic: Your proposed blog topic can also increase your influencer marketing prices. For example, if you’re a luxury resort and want the influencer to write a post about their experience, you need to cover their costs of traveling and staying at your location.
  • Length: For the best experience, your company should specify the desired word count for an influencer’s blog post. That way, you aren’t disappointed when your influencer forwards their draft. Depending on the preferred length, influencers may increase their rates.
  While more expensive than other platforms, blogs can deliver the best results. In a recent study, analysis discovered that blogs were 37 percent more effective for influencer marketing than other social media platforms, like Facebook and YouTube.
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