The Lion's Den
How Profitable Is Influencer Marketing?
Influencer marketing is becoming an increasingly popular strategy for brands to promote products and services. However, you may wonder how profitable influencer marketing is for companies who use it. This article will explain how profitable influencer marketing is, why it’s an effective marketing strategy, and how much influencers make.
Is Influencer Marketing Profitable?
Influencer marketing is profitable. Influencer marketing statistics show just how profitable it is for brands who invest in it.
- Influencer marketing is estimated to be a 16.4 billion dollar industry in 2022.
- 63% of brands spend $10,000 or more each year on influencer marketing campaigns.
- Many brands are investing in influencer marketing because it generates a return on investment of $5.78 for every $1 spent.
All of these statistics show how profitable influencer marketing is for brands. It creates a powerful way for brands to advertise to targeted audiences in a way that leads to higher consumer receptiveness than traditional advertising.
Consumers respond well to influencer marketing promotions because they trust influencer recommendations. The trust and personal feel of influencer advertisements make it a highly effective marketing strategy.
How Effective Is Influencer Marketing?
Influencer marketing is an effective way for brands to promote products and services. In fact, 89% of marketers say that influencer marketing is as effective, if not more effective, than other marketing strategies. Most companies dedicate part of their marketing budget to influencer marketing because it works and is profitable.
Influencer marketing does effectively influence consumer behavior. More consumers each year are beginning to rely on influencer recommendations to pick products or services they want to buy. Research shows that 49% of consumers rely on influencer recommendations when making purchasing decisions. This number will likely increase going into the future.
How Much Do Influencers Make?
The amount influencers make when collaborating with brands depends on their audience size and which social media platform they use. The price per promotional post on different platforms is:
- Instagram: $10 per 1,000 followers
- Facebook: $25 per 1,000 followers
- YouTube: $20 per 1,000 followers
- Twitter: $2 per 1,000 followers
- TikTok: $25 per 1,000 followers
The prices can vary depending on the influencer’s niche and how engaged their audience is. There are also other ways influencers can make money on social media platforms outside of influencer marketing, which will be outlined in the next section.
How Do Influencers Make Money on Social Media Platforms?
There are several ways influencers can monetize their content on social media platforms aside from influencer marketing. Common ways for influencers to make money are:
- Ad revenue: YouTube has a monetization program that allows qualifying influencers to make a percentage of revenue from ads that are shown before, after, or during their videos. Instagram’s IGTV also has a program for influencers to get paid from ad revenue, but it is less profitable since long-form video is less popular on Instagram.
- Selling products or services: Influencers can sell their own products or services that their followers can purchase. This allows audience members to support their favorite influencers while getting a quality product in return.
- Audience support: Many social media platforms have ways for audience members to donate to support their favorite content creators, so they can continue putting out great content. Other platforms outside of social media, such as Patreon, allow audience members to provide monetary support to influencers while getting additional content or benefits in return.
All of these options provide additional ways for content creators to make money from social media. However, these options don’t always provide consistent or enough income to content creators, which is why influencer marketing is a highly-valuable way for content creators to monetize their content.
How Influencer Marketing Helps Brands and Influencers Make Money
Influencer marketing is one of the best ways for influencers and brands to make money on social media. When an influencer gets paid to promote a brand, especially if it’s a long-term deal, it provides them with more consistent and reliable income than other options available on social media platforms. In addition, paid brand deals are often more profitable for influencers than other social media monetization options.
Brands also benefit from influencer marketing because it’s a valuable way for them to promote their products or services and make a profit. The high ROI on influencer marketing makes it a great idea for brands to implement regular influencer promotions.
Lionize Makes Collaborating Easy for Both Brands and Influencers
Lionize makes it easy for brands and influencers to connect and collaborate. Our influencer marketing platform helps brands connect with the right influencers, makes managing influencer campaigns easy, and tracks data for influencer promotions as you go.
Lionize uses automation to make the collaboration process seamless. Our software can automatically update influencers about when they should post new content, ensure influencers get paid on time, and send alerts with important updates about ongoing influencer campaigns. If you want to get started with influencer marketing, contact Lionize today.
Launch an Influencer Marketing Campaign for Free
Influencer Marketing PDF
Keep reading to learn more about influencer marketing and how it impacts consumer behavior, and to get a PDF list of our top tips for influencer marketing.
How Do I Get Influencers To Promote My Brand?
Influencer marketing is a powerful method that more and more brands are using as a pillar of their marketing strategy. This promotional strategy involves forming a partnership
How Do You Ask Influencers To Collaborate?
In this blog, we’ll walk through the most common methods for influencer outreach as well as provide some templates for crafting great messaging that will get influencers
Why Are Social Media Influencers So Effective?
Influencers, or social media stars that have monetized their online presence through paid brand collaborations, have mastered the art of audience engagement. Most influencers create content around
Is Influencer Marketing the Same as Social Media Marketing?
Influencer marketing has been rising in popularity in recent years. If you’re interested in getting started with influencer marketing, you may wonder if it is the same
What Makes a Great Influencer?
Influencer marketing is an excellent way for brands to promote their products or services. However, it can get confusing when it comes to finding great influencers for
What Are the Three Main Goals of Influencer Marketing?
Having the right goals in place is important to make your influencer marketing efforts a success. However, you may be wondering what the main goals of influencer
What Platform Is The Most Used For Influencer Marketing?
Social media has forever changed how we use the internet, consume media, and think about buying products. Content creators, also known as “influencers,” have emerged on all
Why Is Instagram The Best Platform For Influencer Marketing?
What makes Instagram different from other social media and why is it the most effective for influencer marketing? Read on to learn about the app’s journey to
How Do You Drive Sales Through Influencer Marketing?
In this blog, we’ll discuss how to drive sales through influencer marketing, how usage rates affect the way you work with creators, and, ultimately, how influencer marketing
Can a Small Business Use Influencer Marketing?
Influencer marketing isn’t just useful for large enterprises — small businesses can absolutely use influencer marketing successfully. So, how can small businesses work with influencers? Let’s get
How Do Influencers Attract Customers?
Influencer marketing is one of the newer forms of marketing, which leaves people with lots of questions about how it works. One of those questions speaks to
How Do You Develop an Influencer Strategy?
Step one in pursuing influencer marketing to promote your brand is developing a solid influencer strategy. Your strategy lays the groundwork for your entire campaign and can
Is Lionize the Best New Influencer Marketing Hub of 2022?
This article will cover the importance of influencer marketing, why you should use an influencer marketing hub, and what makes Lionize stand out from other options. Keep
What Is the Best Influencer Marketing Hub for Instagram?
This article will go over what you need to know about influencer hubs for Instagram, tools for Instagram influencer marketing, and what the best option is for
What Is the Best Influencer Marketing Hub for TikTok?
If you’re looking for a TikTok influencer marketing hub to find influencers and manage TikTok influencer campaigns, this article will outline what you need to know.
Influencer Marketing News
If you’re looking for resources to keep up with the latest influencer marketing news, trends, and strategies, this article will outline everything you need to know. Keep
What Makes Someone a Microcelebrity?
In this blog, we will dive into the concept of the microcelebrity, provide industry context and benchmarks, and discuss how brands can find microcelebrities to work with.
What Is a Good Engagement Rate for Micro-Influencers?
Read on to learn more about engagement rate and how it differs across influencer tiers, as well as how micro-influencers have become a major player in the
Why Brands Choose Micro-Influencers
Influencers focus on two things as they get started with monetizing their digital presence: building their personal brand and forming relationships with their audience (aka followers). This
What Follower Count Is Considered a Micro-Influencer?
This blog will explore micro influencer marketing in detail, including answers to the questions, “what is a micro influencer?” and “how much does a micro influencer get
How Do You Find Micro Influencers To Work With?
Finding the right influencers for your campaign can be a challenge, especially when you want to work with micro influencers — influencers with between 1,000 and 100,000
Are Micro Influencers Better?
As micro influencers gain more attention in the influencer marketing space, some marketers are starting to wonder, are micro influencers better than other influencers? Let’s explore what
How Do I Reach Out to Micro-Influencers?
When developing an influencer marketing campaign, one of the most challenging tasks is often finding the right influencers for your brand. The influencers you choose will play
Which Brands Work With Micro-Influencers?
In this blog, we’ll round up some of our favorite examples of brands that have successfully implemented influencer marketing into their strategy, from macro- to micro-influencers. We’ll
How Much Do TikTok Influencers Get Paid For a Sponsored Post?
The price you pay for each sponsored TikTok post will have a huge effect on the overall cost of your TikTok influencer marketing campaign, so it’s important
Where Can I Find TikTokers to Collab With?
Fortunately, finding TikTok influencers for your influencer marketing campaigns is easier than it sounds. Whether you’re looking for TikTok micro influencers or mega influencers, use this guide
Why Is TikTok a Good Marketing Strategy?
TikTok isn’t just the home of popular new dance moves and trendy songs. It’s also a social media platform that brands can use to great effect in
How Much Does It Cost to Hire an Influencer on TikTok?
If you’re considering using TikTok influencer marketing for your business, you may be wondering how much it costs to hire an influencer on TikTok to promote your
How Do You Find Influencers on TikTok?
TikTok influencer marketing is a great way to expand your brand’s reach to targeted audiences. However, finding the right influencers to work with can feel like a
Is TikTok Good for Influencer Marketing?
If you’re wondering if TikTok is a good option for influencer marketing, this article will outline what you need to know about the benefits of using TikTok
How Many Followers Do You Need to Be an Influencer?
This article will outline everything you need to know about how many followers are needed to be an influencer, the different tiers of influencers, and how different
Examples of Influencers on Social Media
This article will outline examples of social media influencers, what success looks like for different types of influencers, and how influencer marketing can benefit both influencers and
What Is Social Influencer Marketing?
More companies are shifting their attention to social influencer marketing since it is an effective promotional method for brands in any industry. This article will take a
How Much Do Instagram Influencers Charge?
Having an estimate of the cost per post will help you get an idea of how much you should budget for influencer marketing. This article will outline
Do Influencers Use Instagram Ads?
This blog answers the question of how influencers run campaigns and if influencers use Instagram ads.
Social Media Influencer Marketing Examples
This article will cover the effectiveness of social media marketing and provide examples of companies that have successfully used social media influencer campaigns.
What Were Some of The Best Influencer Marketing Campaigns in 2022?
A round up some of the best influencer marketing campaigns in recent history, discover why they were successful, and learn what trends are coming for influencer marketing
The Keys to Successful Influencer Marketing Campaign
What are influencers, how do they help inspire purchasing decisions, and what makes a successful influencer marketing campaign? Find out our answers and top tips here.
What Do Instagram Influencers Post?
Thanks to the popularity and constant innovation of social media platforms like Instagram, content creators have found a way to monetize their social following, turning their online
What Brands Are Doing Influencer Marketing Well?
We share some great examples of influencer marketing campaigns and explain how your brand can begin working with social media influencers.
What Are Some Examples of Influencer Marketing?
Read on to learn more about the different types of social media influencers, see examples of what influencer marketing looks like, and even get some examples of
Five Influencer Marketing Examples on YouTube in 2022
The creators and types of content that perform well on the platform are ever-changing. That’s why marketing teams, especially those ready to dip their toes into influencer
What Is An Instagram Influencer Marketing Agency?
Launching an influencer marketing campaign on Instagram can be intimidating, which is why many brands turn to an Instagram influencer marketing agency.
How Do Influencer Marketing Agencies Help Influencers?
Influencer marketing agencies are experts at running influencer marketing campaigns smoothly. They help both brands and influencers through the process of setting up and managing their influencer
Influencer Marketing Agency Pricing
In this blog, we’ll explore influencer marketing agency pricing and the services that influencer marketing agencies provide brands.
What Is an Influencer Management Agency?
Navigating this ever-growing world of influencer marketing can be complicated and overwhelming. It helps to have an experienced, knowledgeable partner on your side. That’s where an influencer
How To Find A Top Influencer Marketing Agency For Your Business
Finding the right influencer marketing agency for your business can be a bit tricky, though, which is why we put together this guide for finding a top
How Much Does It Cost to Hire an Influencer Marketing Agency?
How Much Do Influencer Marketing Agencies Make?
Let’s break down some of those questions, starting with “what is an influencer marketing agency, exactly?”
How to Use a Micro Influencer Agency
The challenge for brands that want to tap into the marketing power of micro influencers is finding and contracting the micro influencers they need for their campaigns.
How to Choose an Influencer Marketing Agency for Your Small Business
This article will outline how influencer marketing agencies can help small businesses, how much you should budget for influencer marketing, and how to choose the best agency
What Does an Influencer Marketing Specialist Do?
An influencer specialist works with social media influencers to promote client products and services and creates effective campaigns to reach target audiences.
Social Media Influencer Marketing Statistics
This article will cover statistics showing the effectiveness of influencer marketing, how it impacts consumer behavior, and will provide you with strategies to boost the ROI of
Is Influencer Marketing Going Away?
While there are threats to the influencer marketing industry – including fake follower schemes and a decline in perceived trust among some creators – it remains strong
Is Influencer Marketing on the Decline?
This article will tell you if influencer marketing is declining, how effective influencer marketing is, and what to expect in the future for influencer marketing.
Influencer Marketing Statistics for 2023
Statistics show why influencer marketing is an excellent strategy for marketing products and services on social media.
Five Benefits of Influencer Marketing in 2023
If you’re ready to take your brand to the next level in 2023, read on to learn more about the benefits of influencer marketing and where the
What Is the Impact of Influencer Marketing on Consumer Behavior?
Many different types of marketing can accomplish this goal, but one worth taking a close look at is influencer marketing. In this post, we’ll explore the impact
What is influencer marketing and why is it so important to marketers?
In today’s marketing landscape, reviews and word-of-mouth recommendations are paramount, with 84% of customers noting that reviews are important in their purchasing decisions. It’s no wonder, then,
What Are the Top 5 Tips for Implementing Influencer Marketing?
If you run a business with an online presence, you may be wondering what is the best way to use influencer marketing. Taking a closer look at
What Is a Social Media Influencer Strategy?
Influencer marketing is no longer an emerging trend, but rather a sound strategy that plays a huge role in many teams’ marketing toolkit.
Are Influencers the Future of Marketing?
Between 2016 and 2022, the market size of the influencer marketing industry grew 46.9% annually on average. That growth just goes to show how much marketers are
Which Influencer Marketing Platform Is Best?
Working with an influencer marketing platform can simplify things, but even then, you still need to decide what platform is best for your brand.
Micro Influencers in 2023
A major prediction about influencer marketing trends in 2023 is that more and more brands will turn to micro influencers.
What Is The Future of Influencer Marketing?
The power of influencer marketing for brands cannot be underestimated. In fact, influencer marketing’s market value is at a record USD 16.4 billion in 2022. This number
How to Brainstorm Influencer Content Ideas
There’s no one-size-fits-all answer for coming up with great influencer content ideas, but there are some tips you can apply to make brainstorming those ideas easier. Let’s
Which Social Media Platform is Best For Influencer Marketing?
The global consumption for social media has significantly surged in the last decade and has continued to shape the way we promote brands and ideas
What Is the Most Popular Platform For Influencer Marketing?
Influencer marketing is an excellent way for businesses to get branded promotions out to targeted audiences. Many social media platforms can be used for influencer marketing. This
Successful Influencer Marketing Examples
If you’re exploring an influencer marketing strategy, this article will give you a rundown of top brands that have used influencer marketing successfully and how Lionize can
What Is Influencer Marketing?
Influencer marketing gets more popular every year, but there are still a lot of questions about this form of marketing. Today, we’re breaking down the basics of
How Successful Is Influencer Marketing?
Influencer marketing burst onto the scene as one of the most exciting forms of digital marketing, and it isn’t going anywhere anytime soon. The global influencer marketing
Why Is Influencer Marketing so Effective?
Influencer marketing has seen significant growth in recent years due to its effectiveness. However, you may be wondering why it is effective and what its benefits are
Influencer Marketing and Brands
Collaborating with influencers provides a unique way to promote products that will help your brand stand out from the competition. This article will cover how brands work
The State of Influencer Marketing in 2023
Influencer marketing continues to be a top marketing tactic in 2023. More marketers and brands are taking advantage of the opportunities presented in the influencer space. This
Is Influencer Marketing Effective in 2023?
If you are in the social media or digital marketing space, you’ve likely heard of influencer marketing and its usefulness as part of a marketing campaign. However,
What Are Some Good Examples of Influencer Marketing?
Influencer marketing is an engaging way for brands to connect with different audiences within their niche or industry. It can increase consumer awareness, trust, and engagement. Influencers
Ways To Turn your Influencers Into Brand Advocates
Converting your influencer to a brand advocate is the next step in influencer marketing. Brand advocates transform a campaign into something personal.
Ultimate Guide to Design Authentic Influencer Content
Influencer marketing is more than just finding Influencers. Learn how to properly market your product on social media through authentic content creators.
How to Develop a Community With Your Influencer Partners
Building your influencer community is an important part of marketing on social media. A good community will lead to better, more authentic content.
Determining the Right Influencer Audience
Analyzing what the influencer's audience can offer you key insights that will make you decide on if they're the right fit for your partnership.
Influencer Marketing is a Must
Influencer marketing is a fantastic way for your brand to become quickly known as not only do you get an endorsement from the influencer but you also
The Influencer Activation Dictionary
Meet the Influencer Marketing Dictionary; your new secret weapon for commonly used influencer marketing terms.
We’ll help you find the perfect partners for your brand. Let our network of limitless Influencers build brand awareness and drive your digital traffic goals.Book a demo
Finally, a platform that removes the heavy lifting of Influencer campaign management. Free your time to focus on your client’s creative strategy.Book a demo