How To Maximize Your Budget in 2024

• Collab posts. Collaborative videos with other YouTubers or brands, which can range from joint challenges to interviews.
• Takeovers. Occasional instances where one YouTuber hosts content on another’s channel, providing fresh perspectives and engaging content for subscribers.
• Sponsored videos. These often take the form of product reviews, unboxing videos, or sponsored content integrations within longer-form videos.
• Live. Live streaming sessions where influencers interact with their audience in real time. These might cover various topics or activities such as gaming, Q&A sessions, or live events.

Influencer rates on X can vary, but most sources cite an average cost of $2 per post per 1,000 followers.

That means that a nano-influencer may charge $20 per post, while a mega-influencer could command up to $2,000 per post.

• Post threads. Influencers can create threads to share longer-form content, insights, or storytelling. By breaking up content into multiple posts, influencers can maintain engagement and encourage interaction from their followers.
• Sponsored posts. Similar to sponsored posts on other platforms, influencers can tweet featuring a brand or product. These might include endorsements, product mentions, or promotional messages tailored to fit into the influencer’s Twitter feed.
• Reposting. Reposting a brand’s content is an easy way for X influencers to endorse a product or organization.

Facebook influencer rates start in roughly the same ballpark as X, but can rise quickly.

Nano-influencers charge between $25 and $250 per Facebook post, while micro-influencers command between $250 and $1,250 per post.

If you want to work with a mega-influencer on Facebook, you’re looking at $25,000 per post (or more).

• Facebook Live. Just like on Instagram, influencers can broadcast live videos on Facebook to connect with their audience in real time. Whether it’s hosting Q&A sessions, sharing behind-the-scenes glimpses, or showcasing product demonstrations, Facebook Live lets people engage.
• Sponsored posts. Influencers can create sponsored posts on Facebook featuring a brand or product. These posts can include endorsements, reviews, or promotional content tailored to resonate with the influencer’s audience.
• Collaborative content. Collaborating with other influencers or brands on Facebook can amplify reach and engagement. Whether it’s co-hosting events, running joint campaigns, or participating in collaborative content series, Facebook influencer partnerships can benefit all parties.
• Facebook Stories. With Facebook Stories, influencers can share day-in-the-life snippets to exclusive behind-the-scenes footage.

Livestreaming is Twitch’s heart and soul, allowing influencers to broadcast live gameplay, creative content, or interactive shows.

Sponsored Twitch videos by well-known influencers are very popular — and, it appears, pretty lucrative!

• Livestreams. Twitch Livestreams can include sponsored content like:
  • Product placements
  • Endorsements
  • Sponsored gameplay
  • Paid product unboxings
  • Channel sponsorships
  • Branded channel panels
  • Brand logo stream overlays
• Product links on profile. You can also link to products on Twitch profiles.

How to calculate fair influencer rates

Long story short: Prices in this industry vary greatly and there’s no standard rate card. However, there are a few formulas you can use to calculate influencer rates.

Below, we’ve created a few calculations based on the metrics most brands find valuable.

To calculate a rate based on increasing your brand awareness, you need to consider a few factors.

This formula establishes a baseline rate based on the influencer’s follower count. We’re going to use the base rate of $100 per 10,000 followers, but you and your influencer will have to determine the actual base rate.

This formula considers the factor extras for the type of post. Depending on the type of post (e.g., Instagram Story, TikTok feed video, YouTube video), additional fees may be added.

For example, a YouTube video might cost more than a single Instagram post due to its potentially higher engagement, longevity and production costs.

Additional factors to consider include:

• the influencer’s engagement rate,
• audience demographics,
• production costs,
• content quality, and
• the duration and scope of the partnership.

These additional factors help adjust the base rate to reflect the value the influencer brings to the brand.

Calculation: Base rate ($100 x 10,000 followers) + extras for type of post (x the number of posts) + additional factors = total rate

Calculating a rate based on conversions can be tricky because a user can convert indirectly from the post. Consider giving the influencer a special code you can track at the point of conversion. A discount code like INFLUENCER10 for 10% off can further conversion incentives and give you valuable campaign data.

Similar to the brand awareness formula, the type of post can impact the rate. Different types of content may require more effort from the influencer or have a higher potential for conversions, justifying a higher fee.

There are a few extra factors to consider, like:

• the influencer’s track record of driving conversions,
• the specific call-to-action included in the post, and
• the audience’s receptiveness to sponsored content.

Calculation: Conversion rate per post + extras for type of post (x the number of posts) + extra factors = total rate

Engagement rates are the currency of social media. This metric shows the level of interaction and connection the influencer’s audience has with their content. Brands value high engagement rates as they indicate an active and responsive audience, which can lead to better results for sponsored campaigns.

So it makes sense that you might calculate influencer rates based on Engagement Rate per Post (ERpost).

Engagement Rate per Post (ERpost) is determined by dividing the total engagements (likes, comments, shares) by the influencer’s number of followers, then multiplying by 100 to express it as a percentage.

Calculation: ERpost = Total engagements/followers * 100

14 variables that inform influencer rates

While the numbers above are estimated averages, there’s no one-size-fits-all when it comes to the cost of influencer marketing. Here are some variables that can impact influencer rates.

Different platforms have different audiences, content types, influencer landscapes, and much more. The platform your target influencer is popular on will play a huge role in the rate they charge.

When you engage an influencer, you’re paying to reach their followers. The bigger their following, the more reach and exposure your paid post will get.

Just be aware that bigger doesn’t always equal better.

Sometimes, an influencer with a niche following can have a more intimate relationship with their followers. You may be reaching fewer people, but if all of those followers are in your target audience, a nano-influencer could be your best bet.

This one’s important: Pay attention to the amount of engagement an influencer has with their followers. It’ll have an impact on their pricing model.

A high engagement rate indicates an active and engaged audience, which is valuable. Influencers with higher engagement rates often have more influence over their audience and can drive better results for you. This also means they can command higher rates.

Video content may take longer to create than photos. A series of photos or videos will take more effort than a single shot. Anything that requires graphic design, editing, or added production costs (like a photography studio) will have a higher price tag.

The type of content and the amount of content will need to be factored into the influencer marketing costs.

Do you want to maintain ownership of the content you create with an influencer so that you can use it on other platforms down the line? Then you may end up paying more for the content, but keep in mind that reusing the content will save you money, so the increased price may be worth it.

Some contracts include an exclusivity clause, in which the influencer agrees not to work with competitors for a determined length of time. Since this could cost influencers prospective deals, it’ll make the cost rise.

Does the influencer have intimate access to a group that’s valuable to your brand? They may charge a premium. Supply and demand, baby!

Influencers who specialize in less popular interests can also charge a premium. Fashion, fitness, and financial pros will have more influencers available, and so the pricing will likely be lower. Influencers like those who clean hoarding situations for free, however, may be harder to come by and, therefore, can charge a higher price.